About Heart Transplant
A Heart Transplant is an operation to replace a damaged or failing heart with a healthy heart from a donor who’s recently died. It may be recommended when a person’s life is at risk because their heart no longer works effectively. The advantage of heart transplantation is that it can save your life when you have no other options available. The increasing target disease incidence and growing geriatric population to drive heart transplant market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 9.6% |
Heart Transplant is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Heart Transplant market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Berlin Heart (Germany), ABIOMED (United States), MAQUET (Germany), Thoratec (United States), Teleflex (United States), HeartWare (United States), SynCardia (United States), CalonCardio (United Kingdom), Optum Inc. (United States) and CARMAT SA (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Apaxis Medical (United States), CryoLife (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Heart Transplant market by and Region.
On the basis of geography, the market of Heart Transplant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Demographics, the sub-segment i.e. Gender will boost the Heart Transplant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Heart Transplant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Techniques, the sub-segment i.e. Orthotopic Heart Transplantation will boost the Heart Transplant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing number of patient suffering from cardiovascular disease. and Rising number of individuals with high blood cholesterol level.
Market Growth Drivers:
Increasing prevalence of coronary disease. and Increasing penetration and acceptance of cardiac assist devices in emerging countries
Challenges:
The increasing number of heart transplant candidate and limited donor supply has led to extended waiting list times.
Restraints:
The several potential risks and complications., Stringent eligibility criteria. and High cost of transplantation and post-operative care.
Opportunities:
Advancement of medical devices., Growing demand for minimally invasive CADs and Development of new therapies for heart failures.
Market Leaders and their expansionary development strategies
In December 2022, Johnson & Johnson, the world largest most diversified healthcare product company announced it has completed the acquisition of Abiomed Inc., Abiomed is part of Johnson & Johnson and operate as a standalone business within Johnson &Johnson’s MedTech segment to strengthen position.
In October 2023, Beth Israel Lahey Health (BILH) announced expanded its cardiovascular services to include heart transplantation, the first new program of its kind launched in New England in decades. Based at Beth Israel Deaconess Medical Centre (BIDMC) the program is led by a team of experienced surgeons, advanced heart failure physicians, cardiac anaesthesiologist, nurses, pharmacist, and support staff from across the BILH system with tremendous expertise in all aspects of heart transplantation.
Key Target Audience
Cardiac Institute, Potential Investors, Research and Development and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.