Heart Transplant Market Segmentation and Major Key Players Analysis 2023

The Global Heart Transplant Market is expected to grow at a CAGR of 11.2% during the forecast period of 2017-2023.

Heart transplantation has emerged as a possible therapeutic strategy for some sufferers with quit-stage heart sickness by means of offering them prolonged survival and improved quality of lifestyles. The heart specialist might also refer the affected person to a coronary heart transplant center if, the patient fitness is critical and other treatments aren't capable of enhance things or control affected person signs. In a coronary heart transplant, a surgical procedure is executed to remove a person's diseased coronary heart and update it with a wholesome coronary heart from a deceased donor. By and large, it's far completed on patients who have quit-degree coronary heart failure.

Coronary artery disorder is the one of the principal motive which damages the coronary heart muscle that consequences in coronary heart failure. There are numerous illnesses which lead to coronary heart failures along with cough-particularly at night time, poor exercising tolerance, and shortness of breath, fatigue, and fluid retention.

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Consistent with the registry of the global society for heart and lung transplantation, approximately 500-six hundred pediatric heart transplantation processes are completed globally every 12 months, which represents round 12% of the full range of coronary heart transplants accomplished. And in 2014, a total quantity of youngsters heart transplants execute globally turned into 586. In children, the most often triggered of heart failure is happened because of a congenital coronary heart defect or a cardiomyopathy.

Global Heart Transplant Market: Competitive Analysis

Global heart transplant market is a continuously developing market, and there are number of device manufacturers who are involved in the manufacturing and development of the Ventricular access devices and also the total artificial heart. Some of these companies include SynCardia Systems, LLC, HeartWare International Inc., Apaxis Medical, Inc., Calon Cardio, Optum Inc., Thoratec Corporation, CardiacAssist Inc., CARMAT, TransMedics, Inc., ABIOMED, Jarvik Heart and others.

Regional Analysis:

The Americas dominate the global heart transplant market owing to well-developed technology, high health care spending, increasing government support for research & development, and increasing patient with coronary artery disease, heart valve disease, and cardiomyopathy. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region. According to the International Society for Heart and Lung Transplantation in 2016, total heart transplants in the U.S. were performed in patients up to 17 years of age is 444.

Europe holds the second position in the global heart transplantation market owing to the government support for research & development and availability of funds for research. This is expected to continue driving the European market over the forecasted period. For instance, countries like Germany and France are increasing investment in the healthcare domain.

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Asia Pacific is the fastest growing health transplantation market owing to the presence of rapidly developing healthcare technology and high healthcare expenditure. Moreover, lower treatment cost as compared to developed countries attract global patients to the countries like India and China market. Furthermore, increasing demand for quality devices in the healthcare is projected to lead to the use of advanced equipment, which, in turn, is likely to increase the growth of the heart transplantation market in the region.

On the other hand, the Middle East and Africa account for the least market owing to poor political conditions in Africa and limited availability of funds and medical facilities. The Middle East holds the major share of the Middle East & Africa region due to the presence of well-developed countries like Kuwait, Qatar, Oman, and South Arabia.

Industry/ Innovation/ Related News:

February 2017 - The University of Pittsburgh Medical Center and Microsoft announced their partnership launching an initiative to build three specialty hospitals with a digital focus. UPMC declared the investment of USD 2 billion to add three tech-based hospitals to its healthcare system in Pittsburgh, including the UPMC Heart and Transplant Hospital, UPMC Hillman Cancer Hospital and UPMC Vision and Rehabilitation Hospital. Microsoft will act as creative force for developing the digital hospitals in this collaboration providing developers and leveraging its digital tools.

March 2017 - Research Team at the University of Minnesota, announced that they have discovered a groundbreaking process to successfully re-warm large-scale animal heart valves and blood vessels preserved at very low temperatures. The discovery is a major step forward in saving millions of human lives by increasing the availability of organs and tissues for transplantation through the establishment of tissue and organ banks.

November 2017 - Doctors at the Cleveland Clinic revealed the new understanding of cholesterol after a number of trials that have recently shown a 20 percent reduction in the risk of cardiovascular death, heart attack, and stroke in patients who took statins combined with a new class of cholesterol-lowering drugs (PCSK9 inhibitors) to reach ultra-low LDL levels. This means now, doctors will have the tools and the research to take the fight to LDL cholesterol. With over 400,000 coronary disease deaths and 102 million Americans living with high cholesterol levels, these new strategies hold the promise to turn the tide in 2018.

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