Australia Artificial Hearts Market Size & Outlook

The artificial hearts market in Australia is expected to reach a projected revenue of US$ 48.2 million by 2030. A compound annual growth rate of 7.6% is expected of Australia artificial hearts market from 2024 to 2030.
Revenue, 2023 (US$M)
$28.5
Forecast, 2030 (US$M)
$48.2
CAGR, 2024 - 2030
7.6%
Report Coverage
Australia

Australia artificial hearts market highlights

  • The Australia artificial hearts market generated a revenue of USD 28.5 million in 2023 and is expected to reach USD 48.2 million by 2030.
  • The Australia market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
  • In terms of segment, heart-lung machine 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 2023USD 28.5 million
Market revenue in 2030USD 48.2 million
Growth rate7.8% (CAGR from 2023 to 2030)
Largest segmentHeart-lung machine
Fastest growing segmentLVADs
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLVADs, Heart-lung Machine
Key market players worldwidePicard 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, Australia accounted for 1.0% 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 Asia Pacific, Japan artificial hearts market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 204.0 million by 2030.

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Artificial Hearts Market Companies

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Australia 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.


Heart-lung machine was the largest segment with a revenue share of 76.49% in 2023. Horizon Databook has segmented the Australia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia artificial hearts market , including forecasts for subscribers. This country databook contains high-level insights into Australia artificial hearts market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Australia artificial hearts market size, by product, 2018-2030 (US$M)

Australia Artificial Hearts Market Outlook Share, 2023 & 2030 (US$M)

Australia artificial hearts market size, by product, 2018-2030 (US$M)

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