Heart Transplant Market Running to a Greater Success at 11.2% of CAGR by 2023

“Heart Transplant Market”
Global Heart Transplant Market Information: By Surgery Type (Ventricular Assist Devices, Total Artificial Hearts, and others), By End User (Hospital, Cardiac Institutes and others) – Forecast till 2023

Heart Transplant or Heart Implant sometimes also referred as Cardiac Transplant surgery is proving to be a boon for the heart patients worldwide enhancing their quality of life by delivering miraculous results. This year, on 3rd. December, 2017 the world celebrated 50th anniversary of this block buster surgery and the world’s first heart transplant by Dr. Christian Barnard. Over the past half a century many innovations have transpired in the field of Heart Transplant allowing patients an extended life span of 13 years approximately with the new heart. The advancement of effective drugs to suppress the immune system ascended the success rate of heart transplants to further heights allowing the Heart Transplant Market to ascend to achieve upsurge. Another predominant factor that contributes to the Heart Transplant Market growth is growing prevalence of heart failure and severe coronary artery diseases across the globe. Statistics state that the North America Region alone is forecasted to observe around 1 million cases of end-stage heart failure.

Accrediting the numerous innovations transpired in the Heart Transplant market over the past 5 decades with which the surging traction the market is gaining currently and the potential of the market to expand in the years to come: the Market Research Future has recently published a meticulous study report, in which MRFR asserts that the pervasively accruing Global Heart Transplant Market will gradually subside within a decade with the emergence of artificial pumps and stem cell therapy that will replace the Heart Transplant. Until then however, the Heart Transplant Market will continue to grow pervasively by 2023 owing to the augmenting technological advancements transpired in the field of Heart Transplant. The Heart Transplant market is projected to perceive booming accruals by 2023, registering a striking CAGR during the estimated period – 2017 – 2023.

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The Heart Transplant market is accruing owing to the advancements of surgical techniques, immunosuppressive modalities, and postoperative care. Growing prevalence of Heart failures and heart related diseases are boosting the revenues in the heart transplantation sector per year. In recent years, lower availability of donors has prompted significant investments in R&D activities to invent advent technologies and new surgical techniques. These investments in turn are defining the immense growth landscape of the Heart Transplant market.

On the other hand, insufficient availability of suitable donor’s pool is a paramount challenge confronted by the Heart Transplant Industry. Another challenge is complications of a heart transplant such as chances of rejection which basically is immune system’s attacks on transplanted heart. The potential donor heart must be compatible with the recipient’s immune system to decrease the chance of problems with rejection. However, emergence of advent powerful Immunosuppressive Medications that can control the Rejection issues ruling out further chances of acute rejection of organ, this in turn will contribute the Heart Transplant market growth. Moreover emergence of the Endomyocardial Biopsy coupled with the new high-tech analysis is expected to boost growth of the Heart Transplant market.

Endomyocardial Biopsy is a simple operation can be performed as an outpatient procedure by the experienced cardiologist, has already achieved the title as ‘the gold standard’ for monitoring rejection. While the high-tech analysis, performed over a mere blood sample is proving to be a very promising process owning to the ease and comfort it offers to patients without the need to go under knife.  This test looks at the expression of specific genes in cells in the blood. The amount of expression of key genes indicates whether or not rejection is occurring. While this method has still not replaced the ‘gold standard’ endomyocardial biopsy, it has certainly minimized the frequency of biopsies for many patients.

Heart Transplant, also known as Cardiac Transplant, is a surgical transplant procedure performed on patients with end-stage heart failure or severe coronary artery disease when other medical or surgical treatments have failed. In Heart Transplant surgery patient’s affected or damaged heart is extracted and replaced with a healthy heart from a deceased donor. Mostly it is done on patients who have end-stage heart failure. Heart transplantation has emerged as a viable therapeutic strategy for some patients with end-stage heart disease by offering them extended survival and improved quality of life. Approximately 4000 heart transplantation procedures are performed annually worldwide.

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Highly competitive global Market of Heart Transplant is adorned by the several well-established players having regional and international presence. These well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position and invest substantial funds in R&D and clinical trials to develop effective heart transplant program which is comprehensive, advanced and state-of-the-art. Some hospitals strive to provide tailor-made transplant surgeries based on the ailments, age and other complications. With advanced diagnostics, and comprehensive rehabilitation schedule these hospitals ensure that patient has access to the best care at every stage of the transplant journey.

Industry/ Innovation/ Related News:

February 2017 – The University of Pittsburgh Medical Center and Microsoft announced their partnership launching an initiative to build three specialty hospitals with a digital focus. UPMC declared the investment of USD 2 billion to add three tech-based hospitals to its healthcare system in Pittsburgh, including the UPMC Heart and Transplant Hospital, UPMC Hillman Cancer Hospital and UPMC Vision and Rehabilitation Hospital. Microsoft will act as creative force for developing the digital hospitals in this collaboration providing developers and leveraging its digital tools.

March 2017 – Research Team at the University of Minnesota, announced that they have discovered a groundbreaking process to successfully re-warm large-scale animal heart valves and blood vessels preserved at very low temperatures. The discovery is a major step forward in saving millions of human lives by increasing the availability of organs and tissues for transplantation through the establishment of tissue and organ banks.

November 2017 – Doctors at the Cleveland Clinic revealed the new understanding of cholesterol after a number of trials that have recently shown a 20 percent reduction in the risk of cardiovascular death, heart attack, and stroke in patients who took statins combined with a new class of cholesterol-lowering drugs (PCSK9 inhibitors) to reach ultra-low LDL levels. This means now, doctors will have the tools and the research to take the fight to LDL cholesterol. With over 400,000 coronary disease deaths and 102 million Americans living with high cholesterol levels, these new strategies hold the promise to turn the tide in 2018.

Heart Transplant Market – Regional Analysis

Globally North America is the largest market for heart transplant and is expected to reach to the further astronomical amounts attributing to the rising procurement of transplant diagnostic instruments among medical facilities.  Europe is the second-largest market for heart transplant which is expected to grow at a substantial CAGR. Asia pacific is expected to be the fastest growing Heart transplant market, owing to the burgeoning Medical Tourism market in the region.

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