Press release
Heart Transplant Market Poised for 9.3% Growth, Set to Hit $8.82 Billion by 2029
Heart Transplant Market
The heart transplant market is predicted to experience growth due to the increasing prevalence of cardiovascular diseases. These diseases encompass conditions that impair the heart and blood arteries. When other treatments are not successful, a heart transplant becomes the final treatment option for people suffering from end-stage heart failure, improving their quality of life and extending their lifespan. For example, the British Heart Foundation - a UK-based cardiovascular research charity, stated in September 2024 that currently in the UK, about 7.6 million individuals are battling heart and circulatory diseases, consisting of 4 million men and 3.6 million women. By 2030, this figure could grow by 1 million, and by 2040, it could increase by an additional 2 million. Therefore, the increasing prevalence of cardiovascular diseases is set to propel the heart transplant market. Rising awareness about organ donation and transplantation is also anticipated to fuel the growth of the heart transplant market. This understanding relates to the depth of knowledge, comprehension, and awareness amongst individuals and communities about the importance and effects of organ donation and transplantation in healthcare. This escalating awareness has a significant impact on heart transplants by enlarging the donor pool, reducing waiting times for recipients, and improving patient outcomes. Case in point, the United Network for Organ Sharing - a US-based non-profit scientific and educational organization, reported in January 2023 that a new all-time high of 42,887 organ transplants were performed in the US during 2022, marking a 3.7% rise from 2021. This was driven by heightened awareness, evidenced by 9,528 liver transplants, 4,111 heart transplants, and 2,692 lung transplants carried out. Therefore, the surging awareness about organ donation and transplantation will spur the heart transplant market.
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What growth opportunities are expected to drive the heart transplant market's CAGR through 2034?
The market size for heart transplants has experienced swift expansion in the recent past. The market is projected to mature from a value of $11.49 billion in 2024 to $12.66 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. The impressive growth witnessed in the historical timeframe can be credited to factors such as advancements in the medical field, heightened awareness and education, improvements in organ preservation techniques, and the development of healthcare infrastructure.
In the forthcoming years, the market size for heart transplants is projected to witness substantial growth, reaching a value of $18.1 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.3%. The anticipated expansion over the forecast period can be credited to governmental backing and funding, the worldwide expansion of transplant schemes, the augmentation of transplant center capabilities, and the inclusion of telemedicine and remote tracking. The prediction period is also likely to see prominent trends such as technological progress, the advent of artificial hearts and assist devices, and the application of artificial intelligence (AI) in the selection of donor organs.
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What are the emerging trends shaping the future of the heart transplant market?
Leading corporations in the heart transplant market are increasingly concentrating on developing breakthrough therapies like heart preservation technology to enhance patient outcomes and the success rates of transplants. This technology greatly prolongs the time a heart can be preserved outside the body compared to conventional ice storage, leading to improved results and fewer post-operative complications. For example, in May 2023, the U.S. Food and Drug Administration (FDA) granted approval for an Investigational Device Exemption (IDE) application for the heart preservation technology developed by Xvivo Perfusion AB, a medical technology firm from Sweden. This approval allowed the company to commence the "PRESERVE Clinical Trial," a single-arm, multicenter, open-label, prospective study that aims to examine hearts transplanted following non-ischemic heart preservation from extended donors, particularly including Donation after Circulatory Death (DCD) hearts. The exceptional aspect of XVIVO's heart preservation technology is its non-ischemic hypothermic perfusion system, which employs cold, oxygen-rich perfusion to maintain the viability of donor hearts during transportation.
Which growth-oriented segments of the heart transplant market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the heart transplant market?
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.
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What Is Covered In The Heart Transplant Global Market Report?
•Market Size Forecast: Examine the heart transplant market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the heart transplant market for a structured understanding.
•Key Players Overview: Analyze major players in the heart transplant market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the heart transplant market.
•Segment Contributions: Evaluate how different segments drive overall growth in the heart transplant market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the heart transplant market.
•Industry Challenges: Identify potential risks and obstacles affecting the heart transplant market.
•Competitive Landscape: Review strategic developments in the heart transplant market, including expansions, agreements, and new product launches.
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