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 The heart transplant market has experienced rapid growth in recent years, surging from $10.4 billion in 2023 to an anticipated $11.49 billion in 2024, boasting a notable Compound Annual Growth Rate (CAGR) of 10.5%. This growth is attributed to medical advancements, increased awareness and education, advancements in organ preservation, and the enhancement of healthcare infrastructure.

Anticipating Robust Growth

The positive momentum is expected to persist, forecasting strong growth to $16.45 billion in 2028 at a commendable CAGR of 9.4%. Contributing factors include government support and funding, the globalization of transplant programs, increasing transplant center capacity, and the integration of telemedicine and remote monitoring. Major trends in the forecast period encompass technological advancements, artificial heart and assist devices, and the incorporation of artificial intelligence (AI) in donor organ selection.

Cardiovascular Diseases Fuel Market Expansion

The prevalence of cardiovascular diseases is expected to be a driving force for the growth of the heart transplant market. Cardiovascular diseases encompass a spectrum of conditions affecting the heart and blood arteries. Heart transplant emerges as a last-resort treatment for individuals with end-stage heart failure who have not responded to other interventions. It not only improves the quality of life but also extends life expectancy. Shockingly, in the UK, the number of deaths due to heart attacks increased from 19,440 in 2020 to 20,061 in 2021. Furthermore, in the US, the Centers for Disease Control and Prevention reported that 1 in 20 adults aged 20 and older have cardiovascular diseases, with 375,476 people succumbing to these conditions in 2021. This underlines the critical need for heart transplant procedures.

Key Players in the Market

Leading players in the heart transplant market include Optum Inc., Novartis Pharmaceuticals UK Ltd., Abbott Laboratories, Medtronic PLC, and others. These entities play a pivotal role in developing and providing advanced solutions for heart transplant procedures.

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Innovations in Heart Transplant Assessment
Innovation takes center stage as major market players focus on creating groundbreaking technologies for heart transplant assessment. The Prospera Heart Transplant Assessment Test, a non-invasive blood test developed by Natera Inc., measures the amount of donor-derived cell-free DNA (dd-cfDNA) in the recipient’s blood. Launched in August 2021, this test represents a significant application of prospera technology beyond kidney transplants. It provides a non-invasive solution for assessing acute rejection, aiding in the improved diagnosis and management of this condition, while also reducing the cost of care for heart transplant recipients.

Strategic Acquisition for Global Expansion
In September 2021, Picard Medical Inc., a US-based medical device company, acquired SynCardia Systems LLC for an undisclosed amount. This strategic move aims to expand Picard Medical’s global reach and accelerate the development of new technologies that could revolutionize the heart transplant market. SynCardia Systems LLC, specializing in mechanical heart replacement technology, adds valuable expertise to Picard Medical’s portfolio.

Market Segmentation

The heart transplant market is segmented into:

1. Surgery Type: Total Artificial Heart, Biventricular Pacing, Ventricular Assist Devices, Other Surgery Types
2. Transplant: Autograft, Allograft, Other Transplants
3. End-User: Hospitals, Cardiac Institutes, Other End-Users

Regional Landscape

In 2023, North America emerged as the largest region in the heart transplant market, while Asia-Pacific is expected to be the fastest-growing region in the forecast period, indicating the global significance of heart transplant procedures.

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The Heart Transplant Global Market Report 2023  provides a comprehensive overview on the heart transplant market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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