South Africa Artificial Hearts Market Size & Outlook
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South Africa artificial hearts market highlights
- The South Africa artificial hearts market generated a revenue of USD 16.4 million in 2023 and is expected to reach USD 25.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, lvads was the largest revenue generating product in 2023.
- LVADs is the most lucrative product segment registering the fastest growth during the forecast period.
Artificial hearts market data book summary
| Market revenue in 2023 | USD 16.4 million |
| Market revenue in 2030 | USD 25.9 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Lvads |
| Fastest growing segment | LVADs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LVADs, Heart-lung Machine |
| Key market players worldwide | Picard Medical, Carmat, BiVACOR, Abbott Laboratories, Johnson & Johnson, Symbion, LivaNova PLC, Getinge AB ADR, Terumo Corp, SynCardia Systems |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global artificial hearts market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa artificial hearts market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.8 million by 2030.
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Artificial Hearts Market Scope
Artificial Hearts Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SynCardia Systems | View profile | 101-250 | Tucson, Arizona, United States, North America | http://www.syncardia.com/ |
| Symbion | View profile | 11-50 | Københoved, Syddanmark, Denmark, Europe | https://symbion.dk |
| BiVACOR | View profile | 11-50 | Houston, Texas, United States, North America | http://bivacor.com |
| Carmat | View profile | 182 | 36, avenue de l’Europe, Immeuble l’Etendard Energy III, Velizy Villacoublay, France, 78140 | https://www.carmatsa.com |
| Picard Medical | View profile | - | Palo Alto, California, United States, North America | https://picardmedical.com/ |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Terumo Corp | View profile | 30207 | 2-44-1 Hatagaya, Shibuya-ku, Tokyo, Japan, 151-0072 | https://www.terumo.com |
| Getinge AB ADR | View profile | 11862 | Lindholmspiren 7A, P.O. Box 8861, Gothenburg, Sweden, SE-417 56 | https://www.getinge.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
South Africa artificial hearts market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial hearts market will help companies and investors design strategic landscapes.
Lvads was the largest segment with a revenue share of 50.61% in 2023. Horizon Databook has segmented the South Africa artificial hearts market based on lvads, heart-lung machine covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of artificial hearts market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa artificial hearts market , including forecasts for subscribers. This country databook contains high-level insights into South Africa artificial hearts market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa artificial hearts market size, by product, 2018-2030 (US$M)
South Africa Artificial Hearts Market Outlook Share, 2023 & 2030 (US$M)
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