Artificial Heart Market Size, Trends and Forecast to 2023
The global artificial heart market size was valued at USD 2.82 billion in 2022 and is poised to grow at a significant CAGR of 15.3% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the artificial heart market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global artificial heart market segmentation:
1) By Type: Mechanical heart, Heart-lung machines, Ventricular assisted devices
2) By Purpose: Permanent artificial heart & temporary artificial heart
3) By Energy: Pneumatically powered & Electrically powered
The primary factors of the artificial heart market drivers are the Growing Burden of Cardiovascular Diseases. The market has witnessed significant growth in recent years and is expected to continue its upward trend in the coming years. The growing investment in Research and Development activities is a key driver of the market's growth. The artificial heart market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The artificial heart market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the artificial heart market report, accounting for the highest share in 2021. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by artificial heart market key players are Abbott Laboratories, ABIOMED, Berlin heart, BIVACOR Inc., CARMAT, Cleveland Heart Inc. covered here to help them in strengthening their place in the market.
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