Press release
Artificial Heart Market Demands and Value Predication 2023-2029 by Key Players | SynCardia Systems , BiVACOR , CARMAT , Abbott
The global artificial heart market was valued at around US$ 191.1Mn in 2022, registering Y-o-Y growth of 13.8%. Total artificial heart market sales are projected to increase at a healthy CAGR of 12.2% by 2029.
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"The upsurge in the cardiac diseases among the population and developing healthcare infrastructure in the developing countries is anticipated to boost the market for the total artificial heart."
Key Players in This Report Include:
SynCardia Systems, BiVACOR, CARMAT, Abbott, Cleveland Heart, AbioMed, Jarvik Heart, MyLVAD, Cirtec Medical Systems, Thoratec Corporation
SynCardia Updates Total Artificial Heart Labeling with Real World Data
July 11, 2023, Tucson, AZ. SynCardia Systems, LLC., a Picard Medical Company, announced that the U.S. Food and Drug Administration (FDA) has approved an update of the SynCardia TAH-t label with real world data further confirming the safety and performance of the Companion 2 Driver. The supporting data was collected from two post approval studies, including the SynCardia CardioWest TAH-t Post market Surveillance Study (PAS) (NCT00614510) and the SynCardia Companion 2 Driver System Post Approval Study Protocol With INTERMACS™-Based Data Collection (C2 PAS) (NCT01919320). The purpose of both studies was to demonstrate that outcomes of the pivotal clinical trial that was using the Circulatory Support System (CSS) are repeatable across all other hospital using the Companion 2 Driver, following completion of the SynCardia Training Program.
SynCardia Total Artificial Heart Patient Featured in U.S. News & World Report's "Best Hospitals" Issue
TUCSON, Ariz., Aug. 23, SynCardia Systems, Inc. , manufacturer of the world's first and only FDA, Health Canada and CE (Europe) approved Total Artificial Heart, announced today that Michelle Johnson, a 39-year-old mother of three who received the SynCardia temporary Total Artificial Heart in January, is featured in the cover story of U.S. News & World Report's "Best Hospitals" issue. The 2012-2013 guidebook to the nation's top hospitals hits newsstands on Aug. 28.
BiVACOR Receives Honorable Mention in Health Category of Fast Company's 2023 World Changing Ideas Awards
Houston, TX / Huntington Beach, CA / Gold Coast, Australia [May 2, 2023] - The winners of Fast Company's 2023 World Changing Ideas Awards were announced today, honoring sustainable designs, innovative products, bold social initiatives, and other creative projects that are changing the way we work, live, and interact with the world. We are proud to announce that BiVACOR's Total Artificial Heart received an honorable mention in the health category.
The Artificial Heart market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
The Artificial Heart Market segments and Market Data Break Down are illuminated below
By Type:
Ventricular Assist Device (VAD)
Total Artificial Heart
By Application:
Hospitals
Clinics
Others
Global Artificial Heart market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Following are the various regions covered by the Artificial Heart Market research report:
North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, and Rest of APAC), South America (Brazil, Argentina, Columbia and Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, Nigeria, UAE and Rest of MEA)
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
The primary driving factors for the growth of the North American artificial heart market are the growing burden of cardiovascular diseases, rising adoption of technologies, increasing product approvals, increasing investments, and key initiatives taken by the key market players.
The United States within North America is expected to grow significantly during the study period. The rising burden of cardiovascular diseases leading to heart failure is expected to boost the advancements in the artificial heart market. For instance, according to the Centers for Disease Control and Prevention (CDC)'s Article titled 'Heart Disease Facts,' updated in February 2022, Heart disease is one of the leading causes of death in the United States. The same source also reports that every year about 659,000 Americans have a heart attack. As the mortality due to heart diseases, there is a continuous need for devices that can increase the efficiency of hearts, thus driving the studied market. The launch of products and services in the region will also drive the market significantly. For instance, in February 2021, The United States Food and Drug Administration (FDA) approved Carmat to use the new version of its artificial heart in its United States early feasibility study (EFS). This new version of the device includes improvements in the prosthesis and the wearable system based on clinical experience gained in the PIVOTAL study. This product is expected to further improve patient safety and quality of life.
Objectives of the Report
To carefully analyses and forecast the size of the market by value and volume.
To estimate the market shares of major segments of the Artificial Heart
To showcase the development of the market in different parts of the world.
To analyze and study micro-markets in terms of their contributions to the Artificial Heart market, their prospects, and individual growth trends.
To offer precise and useful details about factors affecting the growth of the Artificial Heart
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Artificial Heart market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Key Points Covered in Market Report:
-Market Overview, Definition and Classification Market drivers and barriers
-Market Competition by Manufacturers
-Impact Analysis of COVID-19 on Market
-Market Capacity, Production, Revenue (Value) by region (2023-2029)
-Artificial Heart Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Artificial Heart market Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
-Artificial Heart Manufacturers Profiles/Analysis & Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
-Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.
Key questions answered
- How feasible is Artificial Heart market for long-term investment?
- What are influencing factors driving the demand for Artificial Heart near future?
- What is the impact analysis of various factors in the Global Artificial Heart market growth?
- What are the recent trends in the regional Artificial Heart market and how successful they are?
We offer customization on the Artificial Heart market report based on specific client requirements:
20% free customization.
Five Countries can be added as per your choice.
Five Companies can add as per your choice.
Free customization for up to 40 hours.
After-sales support for 1 year from the date of delivery.
Thank you for your interest in the Artificial Heart Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.
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Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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