The Future of theHealthcare Visual Assistants Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theHeart Transplant Market?
The rise in cardiovascular diseases is anticipated to catalyze the expansion of the heart transplant market. These diseases encompass a variety of disorders impacting the heart and blood vessels. A heart transplant serves as the final treatment option for patients experiencing terminal heart failure who have not benefited from other therapies. It enhances life quality and extends life span. For instance, the British Heart Foundation reported in September 2024 that around 7.6 million people in the UK currently suffer from heart and circulatory diseases, with 4 million being men and 3.6 million being women. By 2030, this figure could escalate by 1 million, and by 2040, it is predicted to exceed the current statistics by 2 million. Thus, the high occurrence of cardiovascular diseases is set to stimulate the heart transplant market. A burgeoning awareness about organ donation and transplantation promises to accelerate the growth of the heart transplant market. This notion of understanding signifies the degree of knowledge and cognizance among individuals and societies regarding the procedures and importance of the subject matter in healthcare. A rise in this awareness greatly impacts the number of heart transplants, as it increases the donor pool, reduces recipient waiting time, and ameliorates patient results. For instance, The United Network for Organ Sharing, a US-based non-profit scientific and educational organization, disclosed a record 42,887 organ transplants were performed in the US, registering a 3.7% increment from 2021. In addition, awareness has led to a total of 9,528 liver transplants, 4,111 heart transplants and 2,692 lung transplants. Therefore, escalating awareness about organ donation and transplantation appears to be a primary driver for the heart transplant market.
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How Has the Heart Transplant Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
Recent years have seen a swift expansion in the size of the heart transplant market. In terms of figures, it is predicted to rise from $11.49 billion in 2024 to $12.66 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 10.2%. Factors contributing to this surge during the historic period include progress in medical technology, amplified awareness and education, developments in organ preservation methods, as well as improved healthcare infrastructure.
The market size for heart transplants is slated for robust growth over the next few years, expanding to a whopping $18.1 billion in 2029, which represents a compound annual growth rate (CAGR) of 9.3%. This growth during the prediction period can be traced back to factors such as government backing and funding, the global spread of transplant programs, the rise in the capacity of transplant centers, and the incorporation of telemedicine and remote surveillance. Key trends over this forecasted timeframe include the progression of technology, the advent of artificial hearts and support devices, as well as the role of artificial intelligence (AI) in selecting donor organs.
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Which Cutting-Edge Market Trends Are Expected to Drive theHeart Transplant Market’s Growth?
Leading corporations in the heart transplant market are intensifying their efforts on the creation of innovative solutions including heart preservation technology, aimed at enhancing patient recovery and success rates of transplantations. This technology extends preservation duration of the heart outside the body relative to conventional ice storage methods, thereby contributing to improved conditions and fewer post-transplant complications. For example, in May 2023, a clearance from the U.S. Food and Drug Administration (FDA) was achieved by Xvivo Perfusion AB, a medical technology firm from Sweden, for its heart preservation technology under the Investigational Device Exemption (IDE) application. Consequently, the company was granted permission to kickstart the “PRESERVE Clinical Trial”. This study is an open-label, single-arm, multicenter, and indicative trial, examining hearts transplanted following non-ischemic heart preservation from extended donors, specifically integrating Donation after Circulatory Death (DCD) hearts. The standout feature of XVIVO’s heart preservation technology is its non-ischemic hypothermic perfusion system which leverages cold, oxygenated perfusion to maintain donor hearts during transportation.
What Are the Leading Market Players Impacting theHeart Transplant Market’s Growth Trend?
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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How Are the Key Segments of the Heart Transplant Market Driving Opportunities and Innovations?
The heart transplant market 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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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theHeart Transplant Market?# Market Expansion?
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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