Heart Transplant Market is expected to grow at a moderate rate during the forecast period 2018-2023. A heart transplant is a multistage process to replace the diseased or failed heart with a healthy donated heart. The process of transplantation is usually a complex process in which getting the right donor is the major challenge for the entire healthcare industry. The shortage of donor’s heart is the biggest challenge is mitigated using some mechanical assistance devices to buy some more time to find the rightful donor. The devices such as ventricular assist devices and other heart restraint devices assist the heart to function normally. The increase in the prevalence of CAD (coronary artery diseases) and heart failure cases are the major driving factor for the market. The rising number of geriatric population and patients with high blood cholesterol level is attributed as the second most significant motivator for the market growth. The risk involved in the surgery and post-surgery is the major restraining factor, in many cases, the body rejects the replaced heart leading to the death of the patient. The lack of skilled surgeon and a shortage of donor is another major hindrance in the growth of this market. However, the R&D in the field of artificial heart and other such devices is anticipated create opportunities for the growth of the market during the forecast period.
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Geographically, the market is divided into North America, Europe, Asia-Pacific, and Rest of the World. North America holds a dominant position in the global heart transplant market, owing to the availability of most advanced technologies and high healthcare spending. Moreover, the region witnessed a rapid growth of heart-related diseases such as CAD (coronary artery diseases) leading to rising in case of heart failures. Europe holds the second position in the global market due to increased funding from government for R&D in tools and techniques. Asia-Pacific is anticipated to experience tremendous growth in the global heart transplant market due to rapid investment and development in healthcare infrastructure in the region.
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