Global Artificial Heart Market 2019-2023

Global Artificial Heart Market 2019-2023

About this market

Advances in VAD technology will be a key factor driving the growth of the market. The newer generation VADs use several new technologies such as direct flow measurement and remote parameter monitoring and are capable of a wide range of flow for full and/or partial support. They have significantly enhanced survival rates, better quality of life, and device durability with reduced device-related complication rates. Such technological advances and product launches are expected to increase the demand for VADs, which in turn, drives the market. Technavio’ s analysts have predicted that the artificial heart m market will register a CAGR of almost 9% by 2023.

Market Overview

Increasing prevalence of HF and associated risk factors

The prevalence of HF has been steadily increasing in developing as well as developed countries. In Europe, HF affects 20,000 out of one million people in the general population. The prevalence of HF in western countries is estimated to be around 10,000 to 20,000 out of one million individuals, and the average incidence is around 7,500 per million persons each year. Furthermore, the number of hospital admissions due to HF has also been steadily increasing in several countries. This, in turn, will increase the demand for artificial hearts.

High cost of artificial hearts

The high cost of VADs and TAHs is restricting their widespread adoption in developed as well as developing countries. 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. These barriers hinder the import of artificial hearts that might compete with domestically manufactured devices and reduce the prices. Hence, the high cost of artificial hearts and procedures are hampering the growth of the global artificial heart market.

For the detailed list of factors that will drive and challenge the growth of the artificial heart market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be highly concentrated. The presence of few companies including ReliantHeart Inc. and SynCardia Systems LLC makes competitive environment is quite intense. Factors such as the advances in VAD and increasing prevalence of HF and associated risk factors, will provide considerable growth opportunities to artificial heart manufactures. Abbott, Abiomed Inc., Medtronic, ReliantHeart Inc., and SynCardia Systems LLC are some of the major companies covered in this report.

Companies Mentioned


Abiomed Inc.


ReliantHeart Inc.

SynCardia Systems LLC

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • VAD - Market size and forecast 2018-2023
      • Table VAD - Market size and forecast 2018-2023 ($ millions)
      • Table VAD - Year-over-year growth 2019-2023 (%)
    • TAH - Market size and forecast 2018-2023
      • Table TAH - Market size and forecast 2018-2023 ($ millions)
      • Table TAH - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Clinical trials for the development of TAHs
    • Focus on development of non-blood-contacting VADs
    • Strategic acquisitions
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott
      • Table Abbott - Vendor overview
      • Table Abbott - Business segments
      • Table Abbott - Organizational developments
      • Table Abbott - Geographic focus
      • Table Abbott - Segment focus
      • Table Abbott - Key offerings
      • Table Abbott - Key customers
    • Abiomed Inc.
      • Table Abiomed Inc. - Vendor overview
      • Table Abiomed Inc. - Product segments
      • Table Abiomed Inc. - Organizational developments
      • Table Abiomed Inc. - Segment focus
      • Table Abiomed Inc. - Key offerings
      • Table Abiomed Inc. - Key customers
    • Medtronic
      • Table Medtronic - Vendor overview
      • Table Medtronic - Business segments
      • Table Medtronic - Organizational developments
      • Table Medtronic - Geographic focus
      • Table Medtronic - Segment focus
      • Table Medtronic - Key offerings
      • Table Medtronic - Key customers
    • ReliantHeart Inc.
      • Table ReliantHeart Inc. - Vendor overview
      • Table ReliantHeart Inc. - Product segments
      • Table ReliantHeart Inc. - Organizational developments
      • Table ReliantHeart Inc. - Key offerings
      • Table ReliantHeart Inc. - Key customers
    • SynCardia Systems LLC
      • Table SynCardia Systems LLC - Vendor overview
      • Table SynCardia Systems LLC - Product segments
      • Table SynCardia Systems LLC - Organizational developments
      • Table SynCardia Systems LLC - Key offerings
      • Table SynCardia Systems LLC - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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