Artificial
Heart Market: Introduction
·
An artificial heart (or more specifically
total artificial heart) is a pump surgically installed to provide circulation
and replace heart ventricles that are diseased or damaged. The ventricles pump
blood out of the heart to the lungs and other parts of the body. Machines
outside the body control the implanted pumps, helping blood flow to and from
the heart.
·
The artificial heart acts as a type of
mechanical circulatory support system
·
Artificial heart is considered in many ways
a technology marvel in clinical history, notwithstanding the many limitations
pertaining to functionalities, and is usually used in case of patients
suffering from end-stage biventricular heart failure awaiting transplantation.
·
Demand for artificial heart is high among
patients for whom heart transplantation surgery may not be appropriate.
However, the artificial heart is yet to gain traction in the medical sector,
with the implantation done only in a small subset of patients requiring
transplantation.
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Key
Drivers and Restraints of Global Artificial Heart Market
·
Rise in global burden of cardiovascular
diseases along with its increase in mortality rate in geriatric population is a
key factor boosting the growth of the global artificial heart market
·
According to the World Health Organization
(WHO), cardiovascular diseases account for nearly 17.9 million deaths every
year, which is estimated to be 31% of all global deaths. Rise in number of
people suffering from cardiovascular diseases can be attributed to sedentary
lifestyle along with smoking, tobacco & alcohol consumption, and unbalanced
diet. Hence, rise in prevalence of cardiovascular diseases is projected to fuel
the growth of the global market during the forecast period.
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·
According to the World Health Organization
(WHO), population aged 60 years and above is anticipated to rise from 900
million in 2015 to 2 billion in 2050. Increase in the geriatric population
leads to surge in incidence of age-related problems such as cardiovascular
diseases and respiratory diseases. This is expected to boost the growth of the
global artificial heart market.
·
Surge in global patient population with
end-stage heart failure, including congestive heart failure, coupled with the
paucity of transplants available is a major factor driving the demand for
artificial heart. Together with various cardiac-assist devices, artificial heart
plays a vital clinical role in managing end-stage heart failure in the patient
population.
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·
Artificial heart is emerging as a viable
option for patients with acute biventricular dysfunction.
·
Relentless efforts made by researchers and
substantial development activities by device makers are focused on increasing
the durability of mechanical circulatory support. This has a direct bearing on
improving the functionality of these synthetic heart replacement. The lack of
timely availability of heart donors is also a key aspect catalyzing the demand
for artificial heart implantation.
·
Several concerns inhibit the
commercialization of artificial hearts. The key factor is limited durability
and longevity marred by faults, either in membrane or power source.
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North
America to Lead Global Artificial Heart Market
·
In terms of region, the global artificial
heart market can be segmented into North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa
·
Developed regions such as North America and
Europe have vast appetite for technology in the medical sector and are expected
to present attractive opportunities during the forecast period. Moreover,
increase in research & development leading to product evolution drives the
artificial heart market in the region.
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·
The market in Asia Pacific is expected to
grow at a rapid pace during the forecast period due to rise in prevalence of cardiovascular
diseases and increase in the geriatric population
·
The market in Middle East & Africa and
Latin America is likely to witness sluggish growth owing to weak economic
development and less research & development activities
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