The Heart Transplantation Therapeutics Market is being driven by Rising prevalence of cardiovascular diseases and heart failures
The Heart Transplantation Therapeutics Market is expected to grow at a CAGR of 3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 129.7 million. International partnerships are essential for enhancing organ matching and donation processes, ultimately saving lives by facilitating the swift exchange of organs between countries. These collaborations can prove instrumental in scenarios where domestic matching fails, enabling the utilization of available organs from other parts of the world. Notably, organizations such as the Organ Donation and Transplantation Alliance foster global engagement, innovation, and collaborative leadership to advance organ donation and transplantation practices. Such initiatives are vital in addressing the critical shortage of organs and ensuring timely access to life-saving transplants.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
252 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2025-2029 |
USD 129.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
2.8 |
Key countries |
US, Germany, Canada, France, Japan, UK, India, China, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Heart Transplantation Therapeutics Market encompasses treatments and devices for geriatric patients undergoing Cardiothoracic Organ Transplantation due to cardiovascular diseases. Hospitals and cardiac centers perform surgeries such as orthotopic and heterotopic heart transplantations. Mortality rate is a concern for cardiovascular disease patients undergoing heart surgery. Ageing population, eating habits, and heart transplant devices are key factors. Arrhythmia treatment, aneurysm repair, and immunosuppressants like immunosuppressive therapies and anti-infectives are essential. Hospital pharmacies, retail pharmacies, and online pharmacies distribute heart transplant-related medications. Organ preservation techniques and regenerative medicine approaches enhance graft survival.
In the expansive biotechnology sector, the heart transplantation therapeutics market holds a significant position, encompassing entities involved in the research and development or production of related biotech products, including biologics, biosimilars, and advanced cardiac solutions. According to Technavio's market analysis, the global healthcare industry is poised for substantial growth due to several key drivers. One such factor is the increasing geriatric population, with the number of individuals aged 60 and above projected to surge in both the US and Europe by 2050 and 2030, respectively. This demographic shift will fuel demand for advanced cardiothoracic organ transplantation procedures and related technologies in hospitals and cardiac centers, thereby propelling the growth of the heart transplantation therapeutics market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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