Artificial Heart Market Share, Demand, upcoming Trends and Growth Opportunities Till 2032

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Artificial Heart Market Share, Demand, upcoming Trends and Growth Opportunities Till 2032: SPER Market Research


 Category : Healthcare

 Published: Jan-2023
 Author: SPER Analyst


Global Artificial Heart Market is projected to be worth USD 0.81 billion by 2032.

An artificial heart is a prosthetic organ inserted into the body to replace the organic heart of an animal. In order to employ the synthetic replacement as a mechanical circulatory support system, the natural valves and ventricles of humans are removed. The tools are frequently pneumatically operated. An artificial heart is still recognised in many ways as a technical marvel in clinical history, despite its practical limitations. These individuals are frequently in need of organ transplants and have advanced biventricular heart failure. The world's ageing population and the concurrent rise in patients with cardiovascular problems are the main factors propelling the growth of the global artificial heart market.A greater public understanding of medical technological advancements and an increase in heart failure cases leading to amputations are also expected to boost the market. The adoption of an artificial heart is also a viable choice for those with acute biventricular malfunction. However, it is projected that low surgical experience and high implementation costs would stymie industry growth. The development of a technologically cutting-edge healthcare infrastructure and continuing research projects with prominent vendors and international institutions for the development of effective vaccinations will create profitable growth possibilities for the global artificial heart market.

Delays in elective procedures brought on by the implementation of COVID-19 have impacted the market for cardiovascular devices like artificial hearts. Only life-threatening surgeries were allowed, and the bulk of cardiac therapies had to be postponed or discontinued since resources had to be shifted to aid patients affected by COVID-19. As a result, the market for artificial hearts was significantly disrupted. The COVID-19 restrictions thus caused a great deal of harm to the. The surge in cardiac treatments, however, is expected to increase the need for artificial hearts.Growing networking and automation needs, need for smart healthcare infrastructure, robots in healthcare applications, and sensor-based devices are all expected to have a significant impact on the Artificial Heart Market during the foreseeable future. The global market, however, has challenges since a sizeable section of the population, mainly in developing countries, has yet to acquire these. Because of the increase in heart attacks, poor eating patterns, and accidents throughout the world, including a growing population, there is a demand for mass manufacture of artificial hearts.


The Global Artificial Heart Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as: Abbott, AbioMed, BiVACOR Inc., Boston Scientific Corporation, CARMAT, Cirtec Medical Systems, Cleveland Heart, CryoLife, Inc., Edwards Lifesciences Corporation, Jarvik Heart, Inc., Medical Technology Est. and Medical Circle, MyLVAD, SynCardia Systems, LLC, Thoratec Corporation.

SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – By Product Type (Heart-Lung Machine, Mechanical Heart, Total Artificial Hearts, Ventricular Assist Devices, Others), By Services (Batch-Release Testing Services, Bioanalytical Testing Services, Environmental Monitoring Services, Method Development, Microbial Testing Services, Physical Characterization Services, Raw Material Testing Services, Stability Testing, Validation Services, Others), By Power Source (Internal Battery , External Battery), By End User (Contract Research Organizations, Hospitals and Clinics, Medical Device Companies, Pharmaceutical and Biopharmaceutical Companies, Specialty Centers, Others).


This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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