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Impact of COVID-19 on Artificial Heart Market Forecast 2028 | Business Opportunities and Analysis by Key Players: SynCardia Systems, BiVACOR, CARMAT, Cleveland Heart, ABIOMED, Cirtec, Thoratec Corporation, MyLVAD

Artificial hearts are being used to help patients with total heart failure live normal lives past their life expectancy time line, or to help patients survive until their transplant date either by replacing the heart completely or by replacing the ventricles. The device is surgically implanted in the chest in order to help in the functioning of a deteriorating heart. An artificial heart may also be used temporarily and is removed once the heart starts functioning normally. In cases where the damage is severe, the biological heart is completely replaced with the artificial heart. An artificial heart is powered by either compressed air or electricity.

A Latest intelligence report published by The Insight Partners with title “Artificial Heart Market Outlook to 2027. A detailed study accumulated to offer Latest insights about acute features of the Artificial Heart Market. This report provides a detailed overview of key factors in the Artificial Heart Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.

(**Note: The sample of this report is updated with COVID-19 impact analysis**)

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Major Players in This Report Include:

  1. SynCardia Systems, LLC
    2. BiVACOR Inc.
    3. CARMAT
    4. Cleveland Heart, Inc.
    5. ABIOMED
    7. Abbott
    8. Cirtec
    9. Thoratec Corporation
    10. MyLVAD

The global artificial heart market is segmented on the basis of system and geography. Based on system, the market is segmented as, artificial heart, power supply and others. The artificial heart is further classified as, Ventricular Assist Device (VAD) and total artificial heart. The power supply is categorized as, internal battery and external battery.

Geographically World Artificial Heart Market can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Artificial Heart Market will drive growth in the North American market over the next few years.

The rise in the number of cardiac disorders along with an increase in the geriatric population is anticipated to drive the artificial heart market in the coming years. Improper lifestyle, leading to deteriorating cardiac condition is expected to offer growth opportunities during the forecast period for the manufacturers of artificial heart.

In the last section of the report, the companies responsible for increasing the sales in the Artificial Heart Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:

  • Comprehensive overview of parent market & substitute market
  • Changing market dynamics in the industry (COVID & Economic Impact Analysis)
  • In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
  • Recent industry trends and development activity
  • Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Strategic Points Covered in Table of Content of Artificial Heart Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Artificial Heart market
Chapter 2: Exclusive Summary – the basic information of the Artificial Heart Market.
Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Artificial Heart; Post COVID Analysis
Chapter 4: Presenting the Artificial Heart Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Artificial Heart market which consists of its Competitive Landscape, Peer Group Analysis, & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)

Key questions answered

  • Who are the Leading key players and what are their Key Business plans in the Artificial Heart market?
  • What are the key concerns of the five forces analysis of the Artificial Heart market?
  • What are different prospects and threats faced by the dealers in the Artificial Heart market?
  • What possible measures players are taking to overcome and stabilize the situation?

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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.