Global Artificial Heart Market Size By Product, By Application, By Geographic Scope And Forecast

Report Highlights

Artificial Heart Market Size And Forecast
Artificial Heart Market was valued at USD 1.51 Billion in 2019 and is projected to reach USD 4.31 Billion by 2027, growing at a CAGR of 13.92% from 2020 to 2027.

Global Artificial Heart Market Outlook

Rapidly aging population globally and a subsequent increase in the number of people suffering from cardiovascular diseases are the key factors catapulting the growth of the global artificial heart market Moreover, increasing the number of heart failures leading to amputations coupled with growing public awareness about advancements in medical technology is further expected to boost the market growth. Furthermore, an artificial heart is also emerging as a viable option for patients with acute biventricular dysfunction. However, the high implementation cost and limited surgical expertise are expected to stagnate the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Artificial Heart Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.