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Artificial Heart Market 2024-2028

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    Report

  • 140 Pages
  • June 2024
  • Region: Global
  • TechNavio
  • ID: 5561239
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The artificial heart market is forecasted to grow by USD 1.83 billion during 2023-2028, accelerating at a CAGR of 11.64% during the forecast period. The report on the artificial heart market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prevalence of hf and associated risk factors, lack of availability of organs for cardiac transplantation, and advances in vad technology.

The artificial heart market is segmented as below:

By Product

  • VAD
  • TAH

By Geographical Landscape

  • North America
  • Europe
  • Asia
  • Rest of World (ROW)
This study identifies the clinical trials for development of tahs as one of the prime reasons driving the artificial heart market growth during the next few years. Also, focus on development of non-blood contacting vads and strategic acquisitions will lead to sizable demand in the market.

The report on the artificial heart market covers the following areas:

  • Artificial heart market sizing
  • Artificial heart market forecast
  • Artificial heart market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial heart market vendors that include Abbott Laboratories, Berlin Heart GmbH, BiVACOR Inc., Boston Scientific Corp., Calon Cardio Technology Ltd., CARMAT SA, Corcym Srl, CorWave SA, Cryolife Inc., Edwards Lifesciences Corp., Evaheart Inc., Jarvik Heart Inc., JenaValve Technology Inc., Johnson and Johnson Services Inc., LivaNova PLC, Medtronic Plc, MyLVAD Foundation LTD., Quest Diagnostics Inc., SynCardia Systems LLC, and Terumo Corp. Also, the artificial heart market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Artificial Heart Market 2018 - 2022
Historic Market Size - Data Table on Global Artificial Heart Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 VAD - Market size and forecast 2023-2028
Chart on VAD - Market size and forecast 2023-2028 ($ million)
Data Table on VAD - Market size and forecast 2023-2028 ($ million)
Chart on VAD - Year-over-year growth 2023-2028 (%)
Data Table on VAD - Year-over-year growth 2023-2028 (%)
6.4 TAH - Market size and forecast 2023-2028
Chart on TAH - Market size and forecast 2023-2028 ($ million)
Data Table on TAH - Market size and forecast 2023-2028 ($ million)
Chart on TAH - Year-over-year growth 2023-2028 (%)
Data Table on TAH - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.4 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.5 Asia - Market size and forecast 2023-2028
Chart on Asia - Market size and forecast 2023-2028 ($ million)
Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Chart on Asia - Year-over-year growth 2023-2028 (%)
Data Table on Asia - Year-over-year growth 2023-2028 (%)
8.6 Rest of World (ROW) - Market size and forecast 2023-2028
Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
8.7 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.8 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.9 France - Market size and forecast 2023-2028
Chart on France - Market size and forecast 2023-2028 ($ million)
Data Table on France - Market size and forecast 2023-2028 ($ million)
Chart on France - Year-over-year growth 2023-2028 (%)
Data Table on France - Year-over-year growth 2023-2028 (%)
8.10 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.11 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.12 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Abbott Laboratories
Abbott Laboratories - Overview
Abbott Laboratories - Business segments
Abbott Laboratories - Key news
Abbott Laboratories - Key offerings
Abbott Laboratories - Segment focus
11.4 Berlin Heart GmbH
Berlin Heart GmbH - Overview
Berlin Heart GmbH - Product / Service
Berlin Heart GmbH - Key offerings
11.5 BiVACOR Inc.
BiVACOR Inc. - Overview
BiVACOR Inc. - Product / Service
BiVACOR Inc. - Key offerings
11.6 Calon Cardio Technology Ltd.
Calon Cardio Technology Ltd. - Overview
Calon Cardio Technology Ltd. - Product / Service
Calon Cardio Technology Ltd. - Key offerings
11.7 CARMAT SA
CARMAT SA - Overview
CARMAT SA - Product / Service
CARMAT SA - Key offerings
11.8 Jarvik Heart Inc.
Jarvik Heart Inc. - Overview
Jarvik Heart Inc. - Product / Service
Jarvik Heart Inc. - Key offerings
11.9 Johnson and Johnson Services Inc.
Johnson and Johnson Services Inc. - Overview
Johnson and Johnson Services Inc. - Business segments
Johnson and Johnson Services Inc. - Key news
Johnson and Johnson Services Inc. - Key offerings
Johnson and Johnson Services Inc. - Segment focus
11.10 Medtronic Plc
Medtronic Plc - Overview
Medtronic Plc - Business segments
Medtronic Plc - Key news
Medtronic Plc - Key offerings
Medtronic Plc - Segment focus
11.11 Quest Diagnostics Inc.
Quest Diagnostics Inc. - Overview
Quest Diagnostics Inc. - Business segments
Quest Diagnostics Inc. - Key offerings
Quest Diagnostics Inc. - Segment focus
11.12 SynCardia Systems LLC
SynCardia Systems LLC - Overview
SynCardia Systems LLC - Product / Service
SynCardia Systems LLC - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Artificial Heart Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Product - Market share 2023-2028 (%)
Exhibits 31: Data Table on Product - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Product
Exhibits 33: Data Table on Comparison by Product
Exhibits 34: Chart on VAD - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on VAD - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on VAD - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on VAD - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on TAH - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on TAH - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on TAH - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on TAH - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Product ($ million)
Exhibits 43: Data Table on Market opportunity by Product ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Asia - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 85: Market opportunity By Geographical Landscape ($ million)
Exhibits 86: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 87: Impact of drivers and challenges in 2023 and 2028
Exhibits 88: Overview on criticality of inputs and factors of differentiation
Exhibits 89: Overview on factors of disruption
Exhibits 90: Impact of key risks on business
Exhibits 91: Companies covered
Exhibits 92: Matrix on companies position and classification
Exhibits 93: Abbott Laboratories - Overview
Exhibits 94: Abbott Laboratories - Business segments
Exhibits 95: Abbott Laboratories - Key news
Exhibits 96: Abbott Laboratories - Key offerings
Exhibits 97: Abbott Laboratories - Segment focus
Exhibits 98: Berlin Heart GmbH - Overview
Exhibits 99: Berlin Heart GmbH - Product / Service
Exhibits 100: Berlin Heart GmbH - Key offerings
Exhibits 101: BiVACOR Inc. - Overview
Exhibits 102: BiVACOR Inc. - Product / Service
Exhibits 103: BiVACOR Inc. - Key offerings
Exhibits 104: Calon Cardio Technology Ltd. - Overview
Exhibits 105: Calon Cardio Technology Ltd. - Product / Service
Exhibits 106: Calon Cardio Technology Ltd. - Key offerings
Exhibits 107: CARMAT SA - Overview
Exhibits 108: CARMAT SA - Product / Service
Exhibits 109: CARMAT SA - Key offerings
Exhibits 110: Jarvik Heart Inc. - Overview
Exhibits 111: Jarvik Heart Inc. - Product / Service
Exhibits 112: Jarvik Heart Inc. - Key offerings
Exhibits 113: Johnson and Johnson Services Inc. - Overview
Exhibits 114: Johnson and Johnson Services Inc. - Business segments
Exhibits 115: Johnson and Johnson Services Inc. - Key news
Exhibits 116: Johnson and Johnson Services Inc. - Key offerings
Exhibits 117: Johnson and Johnson Services Inc. - Segment focus
Exhibits 118: Medtronic Plc - Overview
Exhibits 119: Medtronic Plc - Business segments
Exhibits 120: Medtronic Plc - Key news
Exhibits 121: Medtronic Plc - Key offerings
Exhibits 122: Medtronic Plc - Segment focus
Exhibits 123: Quest Diagnostics Inc. - Overview
Exhibits 124: Quest Diagnostics Inc. - Business segments
Exhibits 125: Quest Diagnostics Inc. - Key offerings
Exhibits 126: Quest Diagnostics Inc. - Segment focus
Exhibits 127: SynCardia Systems LLC - Overview
Exhibits 128: SynCardia Systems LLC - Product / Service
Exhibits 129: SynCardia Systems LLC - Key offerings
Exhibits 130: Inclusions checklist
Exhibits 131: Exclusions checklist
Exhibits 132: Currency conversion rates for US$
Exhibits 133: Research methodology
Exhibits 134: Information sources
Exhibits 135: Data validation
Exhibits 136: Validation techniques employed for market sizing
Exhibits 137: Data synthesis
Exhibits 138: 360 degree market analysis
Exhibits 139: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global artificial heart market: Abbott Laboratories, Berlin Heart GmbH, BiVACOR Inc., Boston Scientific Corp., Calon Cardio Technology Ltd., CARMAT SA, Corcym Srl, CorWave SA, Cryolife Inc., Edwards Lifesciences Corp., Evaheart Inc., Jarvik Heart Inc., JenaValve Technology Inc., Johnson and Johnson Services Inc., LivaNova PLC, Medtronic Plc, MyLVAD Foundation LTD., Quest Diagnostics Inc., SynCardia Systems LLC, and Terumo Corp..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is clinical trials for development of tahs."

According to the report, one of the major drivers for this market is the increasing prevalence of hf and associated risk factors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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