Artificial Heart Market | Life-Saving Innovation in Advanced Heart Failure Treatment | Top Most Leading - AbioMed, BiVACOR, SynCardia Systems LLC, Jarvik Heart, Inc

The Global Artificial Heart Market reached US$ 2.42 billion in 2023 and is expected to reach US$ 6.79 billion by 2031, growing at a CAGR of 14.5% during the forecast period 2024-2031.

The Artificial Heart Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.

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An artificial heart is a mechanical device designed to replace the function of a failing human heart, either temporarily as a bridge to transplant or permanently as a long-term solution. It helps pump blood throughout the body in patients with end-stage heart failure who are not eligible for immediate transplantation. Artificial hearts can be fully implantable or partially external, and they significantly improve survival and quality of life while reducing symptoms of severe heart disease.

Market Players in the Artificial Heart market

The prominent players in Artificial Heart market research report are: AbioMed, BiVACOR, SynCardia Systems LLC, Jarvik Heart, Inc, CARMAT, Medtronic, Abbott, Corwave, Cirtec, Livanova

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Artificial Heart Market Key Development

➤ In February 2024, US-based BiVACOR received $13 million from Australia's MRFF to advance its total artificial heart program, as part of a $33 million grant under the Artificial Heart Frontiers Programme, in collaboration with five universities and three clinical groups.

➤ In March 2023, LivaNova PLC secured US FDA approval for its Essenz Heart-Lung Machine, featuring a patient-tailored perfusion system that enhances clinical workflows and care quality during cardiopulmonary bypass procedures.

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Artificial Heart Market Segments

By Product Type: Ventricular Assist Devices (VAD), Total Artificial Heart (TAH), Heart Lung Machine, Others

By Application: Dilated Cardiomyopathy, Ischemic Cardiomyopathy, Others

By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others

The Artificial Heart industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Research Methodology

Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.

Regions Covered:

The global Artificial Heart Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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