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Global Artificial Heart Market Expected to Secure Notable Revenue Share during 2018-2026 / Key manufacturers Artificial Heart market include: Syncardia, BiVACOR Inc, ABIOMED, CARMAT
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Global Artificial Heart Market: Drivers and Restraints
Artificial heart, now-a-days gaining huge popularity all over the world. The growing demand for the Artificial heart because of huge advancement in healthcare sector with increasing use of Artificial heart for biological heart transplantation, technological advancements, rise in aging population. And these criteria are expected to drive the market of Artificial heart over the next forecast. However, owing to high price, need for long surgical procedure which leads to increase the chance of infections and bleeding, lack of trained HCP (Healthcare professionals) and strict government regulation, market of Artificial Heart may face some restraints.
Global Artificial Heart Market: Overview
The global market for Artificial heart is expected to generate significant revenue with a huge growth over the forecast due to rise in aging population, which in turn drive the high demand of Artificial heart in healthcare sector. Based on material used, metal based Artificial heart mainly titanium based Artificial hearts is always a prime choice for HCP as these are more biocompatible. Hence Artificial hearts which uses material are driving the market as compared to the plastic one. Growing demand for heart transplantation, may drive growth of the Artificial heart market in surgical sector. As highly advanced infrastructure is needed for the heart transplant procedure, hence it is expected that Hospitals are expected to contribute the highest share.
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Global Artificial Heart Market: Regional Outlook
Geographically, the global Artificial Heart market is segmented into North America, Latin America, Europe, CIS & Russia, Asia-Pacific Excluding Japan, Japan and the Middle East & Africa. North America is remain as the dominant market player in global Artificial Heart market on the account of advancement in healthcare sector of Artificial Heart as compared to other regions. Increase in cardiovascular diseases leads to high demand of Artificial Heart in this region. Europe is following North America and it is expected to register the second largest revenue share in the global Artificial Heart market throughout the forecast period owing to the bulk of demand for Artificial Heart across the region because of increase in cardiovascular diseases. However fastest growth is expected from Asia-Pacific, mainly from countries like India, Japan and China due to robust acceptance of Artificial Heart in healthcare sector due to improvement in healthcare sector.
Global Artificial Heart Market: Key Players
The Artificial Heart market is highly consolidated with a small number of manufacturers. Examples of some of the Global players operating in the Artificial Heart market include: Syncardia, BiVACOR Inc, ABIOMED, CARMAT.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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