Press release
Shaping the Heart Transplant Market in 2025: Innovations In Organ Preservation
Heart Transplant Market Report
The heart transplant market is projected to grow from $11.49 billion in 2024 to $12.66 billion in 2025, reflecting a CAGR of 10.2%. Growth drivers include medical advancements, increased awareness and education, advancements in organ preservation, and improving healthcare infrastructure.
The heart transplant market is expected to grow strongly, reaching $18.1 billion by 2029 at a CAGR of 9.3%. The growth is driven by government support, globalization of transplant programs, increased transplant center capacity, and the integration of telemedicine and remote monitoring. Key trends include advancements in technology, artificial heart and assistive devices, and the use of AI in donor organ selection.
What Are the Primary Growth Drivers for the Heart Transplant Market?
The rising prevalence of cardiovascular diseases is expected to boost the heart transplant market. Cardiovascular diseases encompass various conditions that impact the heart and blood vessels. A heart transplant is a critical treatment for individuals with end-stage heart failure who have not responded to other treatments, helping to improve both life expectancy and quality of life. For instance, in September 2024, the British Heart Foundation, a UK-based cardiovascular research charity, reported that approximately 7.6 million people in the UK are affected by heart and circulatory diseases, including 4 million men and 3.6 million women. By 2030, this number could increase by 1 million, and by 2040, it could rise by an additional 2 million. Therefore, the growing prevalence of cardiovascular diseases is driving the heart transplant market's growth.
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Who Are the Dominant Companies Influencing Heart Transplant Market Trends?
Major companies operating in the heart transplant market are Optum Inc., Novartis Pharmaceuticals UK Ltd., Abbott Laboratories, Medtronic PLC, Stryker Corporation, Roche Diagnostics Ltd., Mayo Clinic, Cleveland Clinic, AstraZeneca PLC, Massachusetts General Hospital, Terumo Corp., NewYork-Presbyterian Hospital, Cedars-Sinai Medical Center, Maquet Holding B.V. and Co. KG., Teleflex Inc., Stanford Health Care, Johns Hopkins Hospital, Thoratec Corporation, Abiomed Inc., Baylor St. Lukes Medical Center, Transonic Systems Inc., Berlin Heart GmbH, HeartWare International Inc., SynCardia Systems LLC., Carmat SA, BiVACOR Inc., Apaxis Medical Inc., Calon Cardio-Technology Ltd., CardiacAssist Inc., The Texas Heart Institute.
How Is the Heart Transplant Market Evolving?
In the heart transplant market, companies are focusing on advanced heart preservation technology to improve patient outcomes and transplant success rates. Xvivo Perfusion AB, a Swedish medical technology company, received approval from the FDA in May 2023 for its non-ischemic heart preservation technology. This system uses cold, oxygenated perfusion to extend the preservation time of donor hearts during transport, which can improve transplant outcomes and reduce complications.
What Are the Different Segmentations in the Heart Transplant Market?
The heart transplant market covered in this report is segmented -
1) By Surgery Type: Total Artificial Heart, Biventricular Pacing, Ventricular Assist Devices, Other Surgery Types
2) By Transplant: Autograft, Allograft, Other Transplants
3) By End-User: Hospitals, Cardiac Institutes, Other End-Users
Subsegments:
1) By Total Artificial Heart: Temporary Total Artificial Heart, Permanent Total Artificial Heart
2) By Biventricular Pacing: Cardiac Resynchronization Therapy Pacemakers (CRT-P), Cardiac Resynchronization Therapy Defibrillators (CRT-D)
3) By Ventricular Assist Devices: Left Ventricular Assist Device (LVAD), Right Ventricular Assist Device (RVAD), Biventricular Assist Device (BIVAD)
4) By Other Surgery Types: Heart And Lung Transplant, Heterotopic Heart Transplant
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Which Region Is at the Forefront of the Heart Transplant Market?
North America was the largest region in the heart transplant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in heart transplant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Heart Transplant Global Market Report?
- Market Size Analysis: Analyze the Heart Transplant Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Heart Transplant Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Heart Transplant Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Heart Transplant Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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