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Heart Transplant Market Size Expansion: A Snapshot of Growth Between 2024 and 2029
The dimension of the heart transplant market has witnessed robust growth in the past few years. The expansion is projected to continue from $11.49 billion in 2024 to $12.62 billion in 2025, registering a compound annual growth rate (CAGR) of 9.9%.
Factors instigating this advancement in the historical timeline include progress in medical technologies, heightened consciousness and academia, developments in organ conservation, and improvements in healthcare facilities.
In the coming years, the heart transplant market is projected to experience robust expansion. The market is forecasted to reach a value of $18.14 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.5%.
The anticipated growth could largely be attributed to factors like government backing and funding, globalization of transplant schemes, expansion of transplant center capabilities, and the integration of telemedicine and remote monitoring. Significant emerging trends expected within this period include technological advancements, the use of artificial hearts and assist devices, as well as the application of artificial intelligence (AI) in the selection of donor organs.
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Key Drivers Behind the Expansion of the Heart Transplant Market: Insights and Trends
The surge in cardiovascular conditions is set to spur the expansion of the heart transplant market in the future. Cardiovascular ailments encompass a multitude of disorders impacting the heart and blood arteries.
Heart transplant functions as a final option for individuals suffering from severe heart failure who are unresponsive to other treatments, enhancing their quality of life and increasing their lifespan.
For instance, in September 2024, data from the British Heart Foundation, a cardiovascular research charity based in the UK, indicated that approximately 7.6 million people in the UK have heart and circulatory disorders, including 4 million men and 3.6 million women.
This count could see a rise of 1 million by 2030, and increase an additional 2 million by 2040 compared to current data. Hence, the rising occurrence of cardiovascular conditions will stimulate the growth of the heart transplant market.
Which Segments in the Heart Transplant Industry Are Seeing the Fastest Growth?
The heart transplantmarket covered in this report is segmented -
1) By Surgery Type: Total Artificial Heart; Biventricular Pacing; Ventricular Assist Devices; Other Surgery Types
2) By Transplant: Autograft; Allograft; Other Transplants
3) By End-User: Hospitals; Cardiac Institutes; Other End-Users
Subsegments:
1) By Total Artificial Heart: Temporary Total Artificial Heart; Permanent Total Artificial Heart
2) By Biventricular Pacing: Cardiac Resynchronization Therapy Pacemakers (CRT-P); Cardiac Resynchronization Therapy Defibrillators (CRT-D)
3) By Ventricular Assist Devices: Left Ventricular Assist Device (LVAD); Right Ventricular Assist Device (RVAD); Biventricular Assist Device (BIVAD)
4) By Other Surgery Types: Heart And Lung Transplant; Heterotopic Heart Transplant
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Which New Trends Will Create Growth Opportunities in the Heart Transplant Market?
Key players in the heart transplant market are progressively concentrating on the development of cutting-edge technologies such as heart preservation, working towards enhancing patient survival rates and the overall success of transplants. This advancement significantly increases the time a heart can be preserved outside the body when compared to conventional ice storage methods, resulting in improved post-transplant outcomes and fewer complications.
For instance, Xvivo Perfusion AB, a medical technology firm based in Sweden, was granted approval by the U.S. Food and Drug Administration (FDA) for its Investigational Device Exemption (IDE) application for its heart preservation technology in May 2023, triggering the launch of the 'PRESERVE Clinical Trial.' This trial encompasses a prospective, multicenter, single-arm, open-label study that aims at assessing the transplantation of hearts following non-ischemic heart preservation from extended donors, with a particular emphasis on Donation after Circulatory Death (DCD) hearts.
The standout feature of XVIVO's heart preservation technology is its non-ischemic hypothermic perfusion system that exploits cold, oxygenated perfusion to maintain donor hearts during transportation.
Which Global Regions Are Powering Demand in the Heart Transplant Market?
North America was the largest region in the heart transplant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in heart transplant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How Key Players Are Driving Growth in the Heart Transplant Market?
Major companies operating in the heart transplant market are Optum Inc., Novartis Pharmaceuticals UK Ltd., Abbott Laboratories, Medtronic PLC, Stryker Corporation, Roche Diagnostics Ltd., Mayo Clinic, Cleveland Clinic, AstraZeneca PLC, Massachusetts General Hospital, Terumo Corp., NewYork-Presbyterian Hospital, Cedars-Sinai Medical Center, Maquet Holding B.V. and Co. KG., Teleflex Inc., Stanford Health Care, Johns Hopkins Hospital, Thoratec Corporation, Abiomed Inc., Baylor St.
Lukes Medical Center, Transonic Systems Inc., Berlin Heart GmbH, HeartWare International Inc., SynCardia Systems LLC., Carmat SA, BiVACOR Inc., Apaxis Medical Inc., Calon Cardio-Technology Ltd., CardiacAssist Inc., The Texas Heart Institute.
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