Artificial Heart Market Size to Grow by USD 1.86 billion | Technavio

Vendor Insights 

The artificial heart market is fragmented, and the vendors are deploying growth strategies such as expansion product portfolios to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Abbott Laboratories
• Abiomed Inc.
• Berlin Heart GmbH
• BiVACOR Inc.
• Boston Scientific Corp.
• Calon Cardio-Technology Ltd
• CARMAT SA
• Corcym Srl
• CorWave SA
• Edwards Lifesciences Corp.
• Evaheart Inc.
• Jarvik Heart Inc.
• Medtronic Plc
• MyLVAD Foundation LTD.
• Quest Diagnostics Inc.
• SynCardia Systems LLC
• Artivion Inc.
• JenaValve Technology Inc.
• LivaNova Plc
• Terumo Corp.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

North America will provide maximum growth opportunities in the artificial heart market during the forecast period. According to our research, the region will contribute to 49% of the global market growth during the forecast period. The US is the major market for artificial heart in North America.  

Know more about this market's geographical distribution along with the detailed analysis of the top regions. View Our Report Snapshot

Key Segment Analysis

The artificial heart market share growth by the VAD segment will be significant during the forecast period. The growth is attributed to the increase in the prevalence of advanced HF, the global shortage of suitable donor hearts available for transplantation, and favorable reimbursement policies in countries such as the US.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Drivers & Challenges: 

The increasing prevalence of HF and associated risk factors is driving the global artificial heart market growth. Every year, more than 7.2 million people die from CAD around the world. Furthermore, the associated risk factors of HF such as blood pressure, obesity, smoking, and alcohol consumption are also increasing.

The high cost of artificial hearts will challenge the artificial heart market growth. Vendors offering artificial hearts can charge high prices in part due to structural barriers to competition, such as the complex and costly regulatory approval process and patent protection. Furthermore, the procedural costs for artificial hearts can significantly increase depending on the type of device used, the extent of surgery, surgeon's skill, surgeon's experience, complications involved such as bleeding and infection, hospital costs, special tests, insurance coverage, and medications required.

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Reasons to Buy Artificial Heart Market Report:

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist artificial heart market growth during the next five years
• Estimation of the artificial heart market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the artificial heart market across North America, Europe, Asia, and Rest of World (ROW)
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of artificial heart market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 VAD - Market size and forecast 2021-2026
• Exhibit 28: Chart on VAD - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on VAD - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on VAD - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on VAD - Year-over-year growth 2021-2026 (%)

• 5.4 TAH - Market size and forecast 2021-2026
• Exhibit 32: Chart on TAH - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on TAH - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on TAH - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on TAH - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026
• Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Germany - Market size and forecast 2021-2026
• Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.9 France - Market size and forecast 2021-2026
• Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography
• Exhibit 78: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 79: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 80: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 81: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 82: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 83: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 84: Matrix on vendor position and classification

• 10.3 Abbott Laboratories
• Exhibit 85: Abbott Laboratories - Overview
• Exhibit 86: Abbott Laboratories - Business segments
• Exhibit 87: Abbott Laboratories - Key news
• Exhibit 88: Abbott Laboratories - Key offerings
• Exhibit 89: Abbott Laboratories - Segment focus

• 10.4 Abiomed Inc.
• Exhibit 90: Abiomed Inc. - Overview
• Exhibit 91: Abiomed Inc. - Business segments
• Exhibit 92: Abiomed Inc. - Key news
• Exhibit 93: Abiomed Inc. - Key offerings
• Exhibit 94: Abiomed Inc. - Segment focus

• 10.5 Berlin Heart GmbH
• Exhibit 95: Berlin Heart GmbH - Overview
• Exhibit 96: Berlin Heart GmbH - Product / Service
• Exhibit 97: Berlin Heart GmbH - Key offerings

• 10.6 BiVACOR Inc.
• Exhibit 98: BiVACOR Inc. - Overview
• Exhibit 99: BiVACOR Inc. - Product / Service
• Exhibit 100: BiVACOR Inc. - Key offerings

• 10.7 Calon Cardio-Technology Ltd
• Exhibit 101: Calon Cardio-Technology Ltd - Overview
• Exhibit 102: Calon Cardio-Technology Ltd - Product / Service
• Exhibit 103: Calon Cardio-Technology Ltd - Key offerings

• 10.8 CARMAT SA
• Exhibit 104: CARMAT SA - Overview
• Exhibit 105: CARMAT SA - Business segments
• Exhibit 106: CARMAT SA - Key offerings
• Exhibit 107: CARMAT SA - Segment focus

• 10.9 Jarvik Heart Inc.
• Exhibit 108: Jarvik Heart Inc. - Overview
• Exhibit 109: Jarvik Heart Inc. - Product / Service
• Exhibit 110: Jarvik Heart Inc. - Key offerings

• 10.10 Medtronic Plc
• Exhibit 111: Medtronic Plc - Overview
• Exhibit 112: Medtronic Plc - Business segments
• Exhibit 113: Medtronic Plc - Key news
• Exhibit 114: Medtronic Plc - Key offerings
• Exhibit 115: Medtronic Plc - Segment focus

• 10.11 Quest Diagnostics Inc.
• Exhibit 116: Quest Diagnostics Inc. - Overview
• Exhibit 117: Quest Diagnostics Inc. - Business segments
• Exhibit 118: Quest Diagnostics Inc. - Key offerings
• Exhibit 119: Quest Diagnostics Inc. - Segment focus

• 10.12 SynCardia Systems LLC
• Exhibit 120: SynCardia Systems LLC - Overview
• Exhibit 121: SynCardia Systems LLC - Product / Service
• Exhibit 122: SynCardia Systems LLC - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 123: Inclusions checklist
• Exhibit 124: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 125: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 126: Research methodology
• Exhibit 127: Validation techniques employed for market sizing
• Exhibit 128: Information sources

• 11.5 List of abbreviations
• Exhibit 129: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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