Heart Transplant Market Growing with 11.2% CAGR up to 2023 | Industry Generating Strong Revenue by SynCardia Systems, Apaxis Medical, Thoratec Corporation, Etc Players

The Market Research Future has recently published a meticulous study report, in which MRFR asserts that the pervasively accruing Global Heart Transplant Market will gradually subside within a decade with the emergence of artificial pumps and stem cell therapy that will replace the Heart Transplant. Until then however, the Heart Transplant Market will continue to grow pervasively by 2023 owing to the augmenting technological advancements transpired in the field of Heart Transplant. The Heart Transplant market is projected to perceive booming accruals by 2023, registering a striking CAGR during the estimated period 2017 – 2023.

Heart Transplant or Heart Implant sometimes also referred as Cardiac Transplant surgery is proving to be a boon for the heart patients worldwide enhancing their quality of life by delivering miraculous results. This year, on 3rd. December, 2017 the world celebrated 50th anniversary of this block buster surgery and the world’s first heart transplant by Dr. Christian Barnard.

The Heart Transplant market is accruing owing to the advancements of surgical techniques, immunosuppressive modalities, and postoperative care. Growing prevalence of Heart failures and heart related diseases are boosting the revenues in the heart transplantation sector per year. In recent years, lower availability of donors has prompted significant investments in R&D activities to invent advent technologies and new surgical techniques. These investments in turn are defining the immense growth landscape of the Heart Transplant market.

According to the registry of the International Society for Heart and Lung Transplantation, approximately 500-600 pediatric heart transplantation procedures are performed globally every year, which represents around 12% of the total number of heart transplants performed. And in 2014, a total number of children heart transplants execute globally was 586. In children, the most often caused of heart failure is occurred owing to a congenital heart defect or a cardiomyopathy.

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

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Heart Transplant Market - Regional Analysis

Globally North America is the largest market for heart transplant and is expected to reach to the further astronomical amounts attributing to the rising procurement of transplant diagnostic instruments among medical facilities. Europe is the second-largest market for heart transplant which is expected to grow at a substantial CAGR. Asia pacific is expected to be the fastest growing Heart transplant market, owing to the burgeoning Medical Tourism 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.

Key Players for Global Heart Transplant Market

SynCardia Systems, LLC (U.S.), HeartWare International Inc., Apaxis Medical, Inc., Calon Cardio, Optum Inc. (U.S.), Thoratec Corporation (U.S.), CardiacAssist Inc. (U.S.), CARMAT (France) and others.

Heart Transplant Industry 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.

Regional Analysis for Global Heart Transplant Market

Globally North America is the largest market for heart transplant and is expected to reach to the further astronomical amounts attributing to the rising procurement of transplant diagnostic instruments among medical facilities. Europe is the second-largest market for heart transplant which is expected to grow at a substantial CAGR. Asia pacific is expected to be the fastest growing Heart transplant market, owing to the burgeoning Medical Tourism market in the region.

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