Global Heart Transplant Market 2022-2028

Global Heart Transplant Market by Surgery Type (Total Artificial Heart, Ventricular Assist Devices, and Others),By End-User(Hospitals, Cardiac Institutes, and Others), Global Industry Share, Growth, Competitive AnalysisForecast Period 2022-2028

The global heart transplant market is anticipated to grow at a considerable CAGR of 10.3% during the forecast period. The high number of heart failures creates demand for proper treatment methods and hence derives the market growth. For instance, in May 2022, the National Heart Failure Awareness Week begins, and the Montreal Heart Institute announces the creation of the Canadian Heart Function Alliance (CHF Alliance) Network. Uniting an extensive network of researchers, cardiologists, patients, caregivers, Indigenous elders, policymakers, and supporting organizations across the country, this pan-Canadian alliance aims to tackle the challenges of heart failure a common condition that is often fatal, and on the rise in Canada. The CHF Alliance was made possible thanks to $5 million in support from the Canadian Institutes of Health Research (CIHR), in partnership with the Heart and Stroke Foundation of Canada, Mitacs, and the National Institute of Health's National Heart, Lung and Blood Institute. To complement this investment, the CHF Alliance has already attracted matching funds (cash and in-kind) of more than $27 million.

The global heart transplant market is segmented based onsurgery type. Based on surgery type, the market is sub-segmented into total artificial heart, ventricular assist devices, and other heart surgery devices.The hospital segment holds a prominent share in the market owing to the increasedheart failure cases across the globe many hospitals have adapted the devices for a heart transplants.In addition, around 805,000 Americans have a heart attack every year. Excessive consumption of alcohol and tobacco, an unhealthy diet, and a sedentary lifestyle are the major factors that are giving rise to the incidence and prevalence rates of heart diseases. According to the US Department of Health & Human Services in 2019, around 6.2 million adults in the US have heart failure.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.The European region has a robust innovation ecosystem, which is fueled the growth of the market.The presence of visionary scientists and entrepreneurs, and renowned research institutions coming together to launch new and innovative products and offers various services related to heart devices, propelled the development of the heart transplant market in the European region.

The major companies serving the global heart transplant market include Abbott Laboratories Inc., Medtronic Plc, Abiomed, Inc., Berlin Heart GmbH, LivaNova PLC, Terumo Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance,in May 2021, Paragonix Technologies announced a partnership with Southwest Transplant Alliance(STA) to provide advanced organ preservation technology as part of both organizations'ongoing work to save lives through organ donation and transplantation. Under this new partnership, Paragonix will provide the technology, clinical support, and education on the advanced preservation capabilities delivered by the ParagonixSherpapak Cardiac Transport System.

Research Methodology

The market study of the global heart transplantmarketis incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of the market sizeand intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Heart Transplant Market Research and Analysis by Surgery Type

2. Global Heart Transplant Market Research and Analysis by End User

The Report Covers

• Comprehensive research methodology of the global heart transplantmarket.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global AI market.
• Insights about market determinants that are stimulating the global heart transplantmarket.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.