Global Artificial Heart Market: By Type (Mechanical heart, Heart-lung machines, Ventricular assisted devices), By purpose (Permanent artificial heart & temporary artificial heart), By Energy (Pneumatically powered & Electrically powered) and Geography

 

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Artificial Heart Market size was valued at 2.82 Billion in 2021 and is estimated to reach 7.63 Billion by 2028, at a CAGR of 15.3% during the forecast period 2022 to 2028. Limited availability of donors, on spot availability of fresh organs had limited the rate of orthotropic heart transplantations. High chances of non-suitability of available organs due to blood groups, age and high risk of transplantation due to high pulmonary vascular resistance of patients leads in increasing number of patients for organs than with donors which leads to high increase in demand for artificial heart devices. Although high cost procedures, stringent regulatory scenarios are restraining the market in some cases. Global artificial heart market is surging owing to frequent acquisitions and launchings by the market players. For instance, In August 2019 researchers at The University of Birmingham have developed a device that could improve care for patients with artificial heart pumps. Also non-blood contacting devices are developing which will enhance the market.

Artificial Heart Market Summary

Study Period

2023-29

Base Year

2022

CAGR

15.3%

Largest Market

North America

Fastest Growing Market

North America
Growth

These devices are used mostly in cases of advanced cardiovascular disease patients in whom their biological heart is damaged either partially or completely and is in non-favorable condition for orthotropic heart transplantation. These are most prominently using in acute biventricular dysfunction where one ventricle of heart is replaced by prosthetic heart. Also widely spreading in allograft coronary diseases. These devices are highly efficient and they do not possess any side effects or incompatibilities with the patient body.

Key Features of the Reports

  • Global Artificial Heart market expanding at significant CAGR over 2022 to 2028 due to increase in geriatric population, high cases of acute cardiac failure patients and low availability of donors.
  • Based on type, Ventricular artificial devices(VAD’s) segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Artificial Heart market

Artificial Heart Market Segmentation

By Type
  • Mechanical heart (complete transplantation devices)
  • Heart-lung machine
  • Ventricular assisted devices (VAD’s)
  • Left ventricular assisted devices
  • Right ventricular assisted devices
By Purpose
  • permanently replacing artificial hearts
  • temporary replacement artificial hearts
By Energy
  • pneumatically powered devices (compressed air)
  • Electrically powered devices (batteries)
By Geography
North America
  • USA
  • Canada
Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
Asia-Pacific
  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
Middle East and Africa (MEA)
  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

1. Executive Summary
2. Global Artificial Heart Market Introduction
2.1. Global Artificial Heart Market – Taxonomy
2.2. Global Artificial Heart Market –Definitions
2.2.1. By Type
2.2.2. By End User
2.2.3. By Region
3. Global Artificial Heart Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Artificial Heart Market Dynamic Factors - Impact Analysis
3.6. Global Artificial Heart Market – Competition Landscape
4. Global Artificial Heart Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028
4.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Artificial Heart Market, By Type, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
5.1. Heart-Lung Machine
5.1.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Mechanical Heart
5.2.1. Total Artificial Hearts
5.2.1.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Ventricular Assist Devices (VADs)
5.2.2.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
6. Global Artificial Heart Market, By End User, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
6.1. Hospitals & Clinics
6.1.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Specialty Centers
6.2.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Others
6.3.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Artificial Heart Market Forecast, By Region, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Artificial Heart Market - Opportunity Analysis Index, By Type, End User, and Region, 2022 - 2028
8. North America Artificial Heart Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
8.1. Type Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Heart-Lung Machine
8.1.2. Mechanical Heart
8.1.2.1. Total Artificial Hearts
8.1.2.2. Ventricular Assist Devices (VADs)
8.2. End User Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Hospitals & Clinics
8.2.2. Specialty Centers
8.2.3. Others
8.3. Country Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Artificial Heart Market - Opportunity Analysis Index, By Type, End User, and Country, 2022 - 2028
8.5. North America Artificial Heart Market Dynamics – Trends
9. Europe Artificial Heart Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
9.1. Type Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Heart-Lung Machine
9.1.2. Mechanical Heart
9.1.2.1. Total Artificial Hearts
9.1.2.2. Ventricular Assist Devices (VADs)
9.2. End User Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Hospitals & Clinics
9.2.2. Specialty Centers
9.2.3. Others
9.3. Country Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Artificial Heart Market - Opportunity Analysis Index, By Type, End User, and Country, 2022 - 2028
9.5. Europe Artificial Heart Market Dynamics – Trends
10. Asia-Pacific Artificial Heart Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
10.1. Type Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Heart-Lung Machine
10.1.2. Mechanical Heart
10.1.2.1. Total Artificial Hearts
10.1.2.2. Ventricular Assist Devices (VADs)
10.2. End User Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Hospitals & Clinics
10.2.2. Specialty Centers
10.2.3. Others
10.3. Country Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Artificial Heart Market - Opportunity Analysis Index, By Type, End User, and Country, 2022 - 2028
10.5. Asia-Pacific Artificial Heart Market Dynamics – Trends
11. Latin America Artificial Heart Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
11.1. Type Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Heart-Lung Machine
11.1.2. Mechanical Heart
11.1.2.1. Total Artificial Hearts
11.1.2.2. Ventricular Assist Devices (VADs)
11.2. End User Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Hospitals & Clinics
11.2.2. Specialty Centers
11.2.3. Others
11.3. Country Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Artificial Heart Market - Opportunity Analysis Index, By Type, End User, and Country, 2022 - 2028
11.5. Latin America Artificial Heart Market Dynamics – Trends
12. Middle East and Africa Artificial Heart Market Analysis, 2027 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) 
12.1. Type Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Heart-Lung Machine
12.1.2. Mechanical Heart
12.1.2.1. Total Artificial Hearts
12.1.2.2. Ventricular Assist Devices (VADs)
12.2. End User Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Hospitals & Clinics
12.2.2. Specialty Centers
12.2.3. Others
12.3. Country Analysis 2027 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Artificial Heart Market - Opportunity Analysis Index, By Type, End User, and Country, 2022 - 2028
12.5. MEA Artificial Heart Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Thoratec Corporation
13.2.2. SynCardia Systems LLC
13.2.3. Edwards Lifesciences Corporation
13.2.4. CryoLife Inc.
13.2.5. Cleveland Heart Inc.
13.2.6. CARMAT,
13.2.7. BiVACOR Inc.
13.2.8. ABIOMED
13.2.9. Abbott
14. Research Methodology
15. Key Assumptions and Acronyms
  • Abbott Laboratories
  • ABIOMED
  • Berlin heart
  • BIVACOR Inc.
  • CARMAT
  • Cleveland Heart Inc.
  • CRYO life Inc.
  • JARVIK Heart Inc.
  • LIVA-NOVA PLC
  • MYLVAD
  • ON-X LIFE TECHNOLOGIES
  • RELAINT Heart Inc.
  • SYNCARDIA systems
  • Thoratec corporation