Artificial Heart Market by Product Type, Application and Geography – Forecast to 2023

    Artificial Heart

    The Artificial Heart Market report 2019-2023 keenly analyzes significant features in major developing markets. The analysis includes market size, latest trends, drivers, threats, opportunities, as well as key market segments. The study reveals market dynamics in several geographic segments along with Artificial Heart market analysis for the current market environment and future scenario over the forecast period. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Artificial Heart market to grow at a CAGR of 8.26% during the period 2019-2023. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

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    About Artificial Heart Market
    Advances in VAD technology will be a key factor driving the growth of the market. The newer generation VADs use several new technologies such as direct flow measurement and remote parameter monitoring and are capable of a wide range of flow for full and/or partial support. They have significantly enhanced survival rates, better quality of life, and device durability with reduced device-related complication rates. Such technological advances and product launches are expected to increase the demand for VADs, which in turn, drives the market. Research analysts have predicted that the artificial heart m market will register a CAGR of almost 9% by 2023.

    The report also segments the market into various categories based on the product, end user, application, type, and region. The report also studies various growth drivers and restraints impacting the Artificial Heart market in a given region. The competitive landscape of the market will help players switch their current strategies and explore other aspects in order to give tough competition to each other. This, coupled with current news insights will help the Artificial Heart market gain more traction in the coming years.

    Market Overview

  • Increasing prevalence of HF and associated risk factors
  • The prevalence of HF has been steadily increasing in developing as well as developed countries. In Europe, HF affects 20,000 out of one million people in the general population. The prevalence of HF in western countries is estimated to be around 10,000 to 20,000 out of one million individuals, and the average incidence is around 7,500 per million persons each year. Furthermore, the number of hospital admissions due to HF has also been steadily increasing in several countries. This, in turn, will increase the demand for artificial hearts.
  • High cost of artificial hearts
  • The high cost of VADs and TAHs is restricting their widespread adoption in developed as well as developing countries. Vendors offering artificial hearts can charge high prices in part due to structural barriers to competition such as the complex and costly regulatory approval process, and patent protection. These barriers hinder the import of artificial hearts that might compete with domestically manufactured devices and reduce the prices. Hence, the high cost of artificial hearts and procedures are hampering the growth of the global artificial heart market.
  • For the detailed list of factors that will drive and challenge the growth of the artificial heart market during the 2019-2023, view our report.
  • Competitive Landscape

    • The market appears to be highly concentrated. The presence of few companies including ReliantHeart Inc. and SynCardia Systems LLC makes competitive environment is quite intense. Factors such as the advances in VAD and increasing prevalence of HF and associated risk factors, will provide considerable growth opportunities to artificial heart manufactures. Abbott, Abiomed Inc., Medtronic, ReliantHeart Inc., and SynCardia Systems LLC are some of the major companies covered in this report.

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    The vendor analysis is one of the key element and is very useful for every player to understand the competitive landscape in the market. The Artificial Heart  Market report considers Abbott, Abiomed Inc., Medtronic, ReliantHeart Inc., SynCardia Systems LLC as top players and analyze them for various parameters and delivers information about

    • Market position
    • Organizational developments
    • Strengths and weakness
    • Segment focus
    • Geographic focus
    • Business segments.

    Various information strategies adopted by market players including recent collaborations, new product launches, and merger and acquisitions, are provided in the report in detail. Economic trends and other insightful updates are provided for this niche market in order to present an image of the market. Leading manufacturers are adopting various strategies in order to gain a strong foothold in the Artificial Heart market and this will bode well for the market in the long run.

    The objective of this Artificial Heart market research report is: –

    • To provide actionable intelligence alongside the market size of various segments.
    • To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
    • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
    • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
    • To track the competitive landscape of the market.

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    Table of Contents Artificial Heart Market

    PART 01: EXECUTIVE SUMMARY

    PART 02: SCOPE OF THE REPORT

    PART 03: RESEARCH METHODOLOGY

    PART 04: MARKET LANDSCAPE
    • Market characteristics
    • Market segmentation analysis

    PART 05: MARKET SIZING

    • Market definition
    • Market size and forecast

    PART 06: FIVE FORCES ANALYSIS
    • Threat of new entrants
    • Market condition

    PART 07: MARKET SEGMENTATION BY APPLICATION
    • Segmentation by application
    • Market opportunity by application

    PART 08: CUSTOMER LANDSCAPE

    PART 09: REGIONAL LANDSCAPE
    • Regional comparison
    • EMEA – Market size and forecast 
    • APAC – Market size and forecast

    PART 10: DECISION FRAMEWORK

    PART 11: DRIVERS AND CHALLENGES
    • Market drivers
    • Market challenges

    PART 12: MARKET TRENDS
    • Development of shape memory alloys with high fatigue life
    • Development of tires with shape memory alloy

    PART 13: VENDOR LANDSCAPE
    • Overview
    • Competitive landscape

    PART 14: VENDOR ANALYSIS
    • Vendor classification
    • Market positioning of vendors

    In the next part of the Artificial Heart market research report, development policies and plans are discussed. This report also states growing domain, production and revenue by regions. The Artificial Heart Market forecast to 2023 Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types, and Applications is also provided.

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