Market Trends of Europe Cardiac Assist Devices Industry
The Total Artificial Heart Segment is Expected to Hold Significant Market Share Over the Forecast Period
- The total artificial heart (TAH) is a form of mechanical circulatory support in which the patient's native ventricles and valves are explanted and replaced by a pneumatically powered artificial heart. TAH is generally used in end-stage biventricular heart failure as a bridge to heart transplantation. TAH is often preferred over other cardiac assist devices as a last resort for the treatment of heart failure in patients.
- Thus, it is expected to hold a major share of the studied market. Other factors, such as the increasing rate of heart failures coupled with the rising geriatric population and the introduction of technologically advanced products, are also expected to enhance segment growth during the forecast period of the study.
- For instance, according to an article published by the European Heart Journal in December 2022, heart failure (HF) is one of the major clinical and public health challenges in France, and the rates of HF hospitalizations have remained steady in France. The source also stated that its incidence is expected to increase with age, and the median age of HF patients in European countries exceeds 70 years. Thus HF is primarily considered to be a disease affecting the elderly. Thus, the high prevalence of heart failure coupled with the rising geriatric population is expected to boost segment growth.
- Moreover, according to the data published by Eurostat in February 2023, more than one-fifth or 21.1 % of the European population was aged 65 and over in 2022, and the median age of the European population was increasing and was 44.4 years on January 2022, which meant that half of the European population was older than 44.4 years. Therefore, the aforementioned factors, such as the rising heart failures coupled with the growing geriatric population, are expected to enhance segment growth.
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The United Kingdom is Expected to Hold Significant Market Share Over the Forecast Period
- The United Kingdom is expected to hold a major share of the market due to the rising prevalence of heart failure in the country, the availability of advanced products, and the rising geriatric population.
- The rising prevalence of heart failure is the major factor driving the segment's growth. For instance, according to the data published by the British Heart Foundation in 2022, an estimated 207,851 inpatient episodes of heart failure took place in the United Kingdom in 2021. Thus, the high prevalence of heart failure in the country is expected to boost segment growth.
- Moreover, according to an article published by PubMed in August 2022, a study was conducted in the United Kingdom, which showed that the overall pooled incidence of heart failure was 98.5 per 10,000 people every year over a median of 6.1 years of follow-up. Thus, the high incidence of heart failure in the country is also expected to boost the usage of cardiac assist devices during the forecast period of the study.
- Furthermore, according to the data published by United Nations (UN) Populations Fund Dashboard in 2022, an estimated 19% of the population in the United Kingdom were aged 65 years or older in 2022. Thus, the growing geriatric population in the country is also expected to boost segment growth, as heart failure is more common in older people. Hence, the aforementioned factors, such as the rising prevalence of heart failure coupled with the growing geriatric population, are expected to enhance the market growth in the country.
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