Global Artificial Heart Market Size (2024 - 2029)

Artificial Heart Market Analysis

The Global Artificial Heart Market size is estimated at USD 2.60 billion in 2024, and is expected to reach USD 5.30 billion by 2029, growing at a CAGR of 15.40% during the forecast period (2024-2029).

The growing burden of cardiovascular diseases and technological advancements are the major factors driving the growth of the artificial heart market. The growth of the geriatric population and sedentary lifestyles are increasing the risk of cardiovascular diseases. Rising research and development activities are also expected to boost the market.

• According to the factsheet published by the British Heart Foundation (BHF) in January 2024, approximately 7.6 million people in the United Kingdom were suffering from heart disease. Approximately 100,000 patients suffering from heart disease are admitted to hospitals in the United Kingdom every year.
• Around 620 million people are currently living with heart and circulatory diseases worldwide. The prevalence of heart disease is highest in Asia, followed by Europe and the Middle East, Turkey, and Africa. 
• Due to the rising burden of cardiovascular diseases, there is an increasing demand for innovative technologies that can decrease the mortality rates associated with heart failure, thereby increasing the demand for artificial hearts.
• All regions and areas worldwide are experiencing population aging, and it is projected to continue to do so over the next several decades. For instance, according to the United Nations World Population Ageing 2023, developed countries are expected to move to a more advanced stage of population aging, with the proportion of older persons rising from 20% in 2023 to 28% in 2050. For other developing countries, this proportion also rises from 9 to 17%, while for least developed countries, it is expected to rise from 4% to over 6% by 2050. Such an increase in the aging population poses a high risk for cardiovascular diseases and thus drives the growth of the market.
• Therefore, owing to the rising prevalence of heart diseases and the surging number of research studies, the market is expected to grow significantly over the coming years. However, the high cost of artificial hearts and related surgeries may hinder the market's growth during the forecast period.

Artificial Heart Industry Segmentation

As per the scope of the report, an artificial heart is a device that maintains blood circulation and oxygenation in the human body for varying periods of time. Artificial hearts are typically used to bridge the time to heart transplantation or to replace the heart if a heart transplant is impossible.

The artificial heart market is segmented by type, power source, end user, and geography. By type, the market is segmented into ventricular assist devices, total artificial hearts, heart-lung machines, and others. Others include temporary assist devices and pulsatile flow pumps. The market is segmented by power source into internal and external batteries. By end user, the market is segmented into hospitals and clinics and specialty clinics. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. For each segment, the market size and forecasts are provided on the basis of value (in USD).