The global heart transplant market is projected to grow at a CAGR of over 10% during the forecast period. The increase in the prevalence of CAD (coronary artery diseases) and increasing heart failure cases are the major factors creating demand for heart transplants and hence driving the market growth. The rising number of geriatric population and patients with high blood cholesterol levels is attributed as the second most significant motivator for the market growth. However, the risk involved in the surgery and post-surgery is the major restraining factor. In many cases, the body rejects the replaced heart leading to the death of the patient. Further, the lack of skilled surgeons and a shortage of donors is another major hindrance to the growth of this market. 

The high cost of treatment is hindering the market growth, for instance, in the US, the average cost of a heart transplant is around $1.4 million. Heart transplantation contains several distinct cost components, which include pre-transplant costs, organ procurement costs, medications, evaluation and screening costs, transplant costs, and post-transplant costs. A wide variation in charges per transplant procedure can be attributed to several factors, the most important of which is the room charge at each institution. The average hospital stay is an average of 50 days. Moreover, surgery preparation is lengthy and costly. These factors result in the high cost of the heart transplantation procedure. 

Segmental Outlook 

The global heart transplant market is segmented on the basis of surgery type into total artificial heart, ventricular assist devices, and others. Ventricular assist devices are projected to hold a prominent share in the global heart transplant market. The segmental growth of the market is attributed to the technological advancement of devices for cardiac diseases management coupled with the increasing burden of cardiac diseases and heart failure. Further, the players are working in the particular segment and are further contributing to the segmental growth of the market. For instance, Abbott Laboratories and Medtronic are among the top players that are well established in the market. Moreover, new product launches are projected to boost the segment growth. For instance, in February 2020, Abbott received Breakthrough Device designation from the US FDA for its in-development Fully Implantable Left Ventricular Assist System (FILVAS). 

Regional Outlooks

Geographically, the study of the report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World. North America held a dominant position in the global heart transplant market, owing to the availability of the most advanced technologies and high healthcare spending. Moreover, the region witnessed a rapid growth of heart-related diseases such as CAD (coronary artery diseases) leading to rising in case of heart failures. 

Market Players Outlook

Some of the key players of the heart transplant market include Abbott Laboratories Inc., Abiomed, Inc., Berlin Heart GmbH, BiVACOR Inc., Medtronic, Plc, and Terumo Corp. In order to survive in the market, these players adopt different marketing strategies such as a merger and acquisitions, product launch, and geographical expansion. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global heart transplant market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.

Scope of the Report

This report covers the analysis of the heart transplant market on the basis of surgery type and region.

Global Heart Transplant Market by Surgery Type

• Total Artificial Heart 
• Ventricular Assist Devices 
• Others

Global Heart Transplant Market by Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Available Customizations:

With the given market data, customization is available according to the specific requirements of the client. The customization options (not limited to) available for the report are:

• Further breakdown of a region with respect to a particular country
• Additional country information
• Additional segment
• Analysis and profiles of additional market players