In 2023, about 17.7 percent of the American population was 65 years old or over; an increase from the last few years and a figure which is expected to reach 22.8 percent by 2050. This is a significant increase from 1950, when only eight percent of the population was 65 or over. A rapidly aging population In recent years, the aging population of the United States has come into focus as a cause for concern, as the nature of work and retirement is expected to change to keep up. If a population is expected to live longer than the generations before, the economy will have to change as well to fulfill the needs of the citizens. In addition, the birth rate in the U.S. has been falling over the last 20 years, meaning that there are not as many young people to replace the individuals leaving the workforce. The future population It’s not only the American population that is aging -- the global population is, too. By 2025, the median age of the global workforce is expected to be 39.6 years, up from 33.8 years in 1990. Additionally, it is projected that there will be over three million people worldwide aged 100 years and over by 2050.

The statistic shows the number of people in the U.S. in 2011 and 2030, by generation. By 2030, the Millennial generation will have 78 million people whereas the Boomer generation will only have 56 million people in the United States.

This statistic shows the total population of Ecuador from 2020 to 2022, with projections up until 2030. In 2022, the total population of Ecuador amounted to approximately 17.72 million inhabitants. Ecuador's population The population of Ecuador continues to increase slowly but steadily. In 2014, the total population of Ecuador amounted to around 16 million. Yet, the population growth rate has been decreasing slightly since 2008. This means that more people have died than were born and/or more people have migrated out of as opposed to into the country. The fertility rate has been decreasing as well; ten years ago the fertility rate stood at around 3 children per woman, but today it stands at around 2.5 children per woman. This decrease has likely caused the slump in the population growth rate, even though it still remains above the natural replacement rate of 2, causing the population to still grow overall. Further, Ecuador’s life expectancy is around 76 years nowadays, with the percentage of adults aged over 65 years being less than seven percent (451305). The population of Ecuador is quite young, with about a third of the population under 14 years of age. The population is spread all over the country: Guayaquil and Quito are the largest cities in Ecuador and home to close to 4 million people combined. All other cities are smaller and the majority of them inhabit less than 250,000 people.

About this dataset

Context

The dataset tabulates the Wind Gap population by age cohorts (Children: Under 18 years; Working population: 18-64 years; Senior population: 65 years or more). It lists the population in each age cohort group along with its percentage relative to the total population of Wind Gap. The dataset can be utilized to understand the population distribution across children, working population and senior population for dependency ratio, housing requirements, ageing, migration patterns etc.

Key observations

The largest age group was 18 to 64 years with a poulation of 2,030 (66.73% of the total population). Source: U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Age cohorts:

• Under 18 years
• 18 to 64 years
• 65 years and over

Variables / Data Columns

• Age Group: This column displays the age cohort for the Wind Gap population analysis. Total expected values are 3 groups ( Children, Working Population and Senior Population).
• Population: The population for the age cohort in Wind Gap is shown in the following column.
• Percent of Total Population: The population as a percent of total population of the Wind Gap is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Wind Gap Population by Age. You can refer the same here

The statistic shows the total population in Japan from 2020 to 2024, with projections up until 2030. In 2024, the total population of Japan amounted to around 123.89 million inhabitants. See the figures for the population of South Korea for comparison. Total population in Japan From steadily low fertility rates to a growing elderly population, it is no secret that Japan’s population is shrinking. Population growth rates jump around a little, but are currently following a declining trend. The post-war baby boom generation is now in the 65-and-over age group, and the percentage of the population in that category is expected to keep growing, as is indicated by a high median age and high life expectancy. Japan already has the highest percentage of its population over 65 in the world, and the aging population puts some pressure on the Japanese government to provide welfare services for more people as rising numbers leave the workforce. However, the amount of jobs opened up for the younger generations by the older generations leaving the workforce means that unemployment is kept to a minimum. Despite a jump in unemployment after the global recession hit in 2008, rates were almost back to pre-recession rates by 2013. Another factor affecting Japan is the number of emigrants to other countries. The United States absorbs a number of emigrants worldwide, so despite a stagnating birth rate, the U.S. has seen a steady rise in population.

About this dataset

Context

The dataset tabulates the Coleman population by age cohorts (Children: Under 18 years; Working population: 18-64 years; Senior population: 65 years or more). It lists the population in each age cohort group along with its percentage relative to the total population of Coleman. The dataset can be utilized to understand the population distribution across children, working population and senior population for dependency ratio, housing requirements, ageing, migration patterns etc.

Key observations

The largest age group was 18 - 64 years with a poulation of 2,030 (50.78% of the total population). Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Age cohorts:

• Under 18 years
• 18 to 64 years
• 65 years and over

Variables / Data Columns

• Age Group: This column displays the age cohort for the Coleman population analysis. Total expected values are 3 groups ( Children, Working Population and Senior Population).
• Population: The population for the age cohort in Coleman is shown in the following column.
• Percent of Total Population: The population as a percent of total population of the Coleman is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Coleman Population by Age. You can refer the same here

About this dataset

Context

The dataset tabulates the Monmouth population distribution across 18 age groups. It lists the population in each age group along with the percentage population relative of the total population for Monmouth. The dataset can be utilized to understand the population distribution of Monmouth by age. For example, using this dataset, we can identify the largest age group in Monmouth.

Key observations

The largest age group in Monmouth, OR was for the group of age 20 to 24 years years with a population of 2,030 (18.36%), according to the ACS 2018-2022 5-Year Estimates. At the same time, the smallest age group in Monmouth, OR was the 85 years and over years with a population of 99 (0.90%). Source: U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Variables / Data Columns

• Age Group: This column displays the age group in consideration
• Population: The population for the specific age group in the Monmouth is shown in this column.
• % of Total Population: This column displays the population of each age group as a proportion of Monmouth total population. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Monmouth Population by Age. You can refer the same here

United States Senior Living Market size was valued at USD 125.44 Billion in 2024 and is projected to reach USD 185.47 Billion by 2032, growing at a CAGR of 5.01% from 2026 to 2032.

Key Market Drivers

Aging Baby Boomer Population: The senior living market in the United States is heavily influenced by the aging baby boomer generation as they approach retirement age. According to the United States Census Bureau, all baby boomers will be 65 or older by 2030, with the total number of Americans aged 65 and over expected to rise from 56 million in 2020 to 73.1 million by 2030. This significant demographic shift is driving unprecedented demand for a variety of senior living options, including independent living communities, assisted living facilities, and nursing homes.

US Nuclear Imaging Market size was valued to be USD 5 Billion in the year 2024, and it is expected to reach USD 6.84 Billion in 2032, at a CAGR of 4% over the forecast period of 2026 to 2032.

Aging Population: As the US population ages, the prevalence of chronic diseases rises, leading to increased demand for nuclear imaging for diagnosis and treatment planning. This demographic trend contributes significantly to market growth. The US population over 65 is expected to reach 80 million by 2030. According to CMS data, this demographic accounts for approximately 40% of nuclear imaging procedures, which is driving a 7% annual increase in cardiac and oncology scans.
Rising Cancer Incidence: The rising cancer incidence in the US drives the nuclear imaging market, as these advanced diagnostic tools are crucial for the early detection and effective management of various cancers. The National Cancer Institute predicts that cancer diagnoses will increase by 45% by 2030. PET-CT scan volumes have increased 12% per year, with oncology applications accounting for 87% of the nuclear medicine procedure growth.

California leads the nation in the number of older adults with Alzheimer's disease, with nearly 720,000 individuals affected in 2020. This sobering statistic highlights the significant impact of Alzheimer's across the United States, with populous states bearing the heaviest burden. Florida and Texas follow closely behind, each with over 450,000 older residents living with the disease. Projected growth The prevalence of Alzheimer's among older Americans is expected to rise dramatically in the coming decades. By 2030, an estimated 8.5 million people aged 65 and over will be living with Alzheimer's in the United States. This projection underscores the urgent need for improved prevention, treatment, and care strategies to address the growing impact of the disease on individuals, families, and healthcare systems. Mortality and healthcare burden Alzheimer's disease remains a significant cause of mortality in the United States, with 36 deaths per 100,000 people recorded in 2022. The disease's impact on the healthcare system is substantial and growing. Costs to Medicare and Medicaid are projected to reach 637 billion U.S. dollars by 2050, highlighting the economic challenges associated with caring for an aging population increasingly affected by Alzheimer's. Early detection and intervention strategies are crucial in managing the disease's progression and potentially reducing its long-term burden on individuals and society.

About this dataset

Context

The dataset tabulates the Emmetsburg population by age cohorts (Children: Under 18 years; Working population: 18-64 years; Senior population: 65 years or more). It lists the population in each age cohort group along with its percentage relative to the total population of Emmetsburg. The dataset can be utilized to understand the population distribution across children, working population and senior population for dependency ratio, housing requirements, ageing, migration patterns etc.

Key observations

The largest age group was 18 - 64 years with a poulation of 2,030 (55.31% of the total population). Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Age cohorts:

• Under 18 years
• 18 to 64 years
• 65 years and over

Variables / Data Columns

• Age Group: This column displays the age cohort for the Emmetsburg population analysis. Total expected values are 3 groups ( Children, Working Population and Senior Population).
• Population: The population for the age cohort in Emmetsburg is shown in the following column.
• Percent of Total Population: The population as a percent of total population of the Emmetsburg is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Emmetsburg Population by Age. You can refer the same here

As per Cognitive Market Research's latest published report, the Global IVD Reagents market size was $34.28 Billion in 2017 and it is forecasted to reach $69.65 Billion by 2029.IVD Reagents Industry's Compound Annual Growth Rate will be 6.47%from 2023 to 2030.

The North America IVD Reagents market size will be USD 23.95 Billion by 2029

What is Driving Ivd Reagents Market?

Ever-increasing geriatric population results in a swelling demand for in-vitro diagnostic tests.

Population aging is at a faster pace compared to the past few years. Lower rates of birth and increased life expectancy have resulted in this rapid growth of the geriatric population across the world. ? The data from the United States Census Bureau states that the growth of the U.S. population aged 65 and older exceeds that of the total population and the population under age 65. There are several factors that are contributing to the longevity of life such as easy access to healthcare facilities, early detection/diagnosis of diseases and disorders, availability of advanced healthcare systems, and Medicare insurance among others. ? The statistics from the World Health Organization state that the percentage of people over 60 in the world will increase from 12% to 22% between 2015 and 2050. ? The statistics also state that 1 in 6 people in the world will be aged 60 years or over by 2030 and the share of the population aged 60 years and above will increase from 1 billion in 2020 to 1.4 billion which is expected to double (2.1 billion) by 2050.

Aging is associated with several health issues/problems including heart disease, diabetes, depression, arthritis, and other chronic conditions. The estimate states that 90% of the population over 60 years, experience at least one chronic condition which needs specific treatment and medical care.

The increasing aging population is resulting in an ever-changing disease burden, escalating healthcare spending, and also increasing the demand for healthcare products from diagnosis to treatment of diseases. Early diagnosis has significant advantages as it significantly reduces the associated risk and devastating complications improving the life of a person. Any disease or disorder can be cured in a shorter time duration with minimum healthcare expenditure if it is diagnosed at an early stage. Thus, in-vitro diagnostic and screening tests are considered preventive care in order to manage burgeoning healthcare costs which are driving the growth of in vitro diagnostics market. In vitro, diagnostic procedures use IVD reagents for patient diagnosis, monitoring, and treatment.

Thus, with the ever-increasing geriatric population, demand for in-vitro diagnostic tests which simultaneously drives the growth of the IVD reagents market.

Restraints for IVD Reagents Market

High cost associated with IVD products and unfavorable reimbursement scenarios.(Access Detailed Analysis in the Full Report Version)

Opportunities for IVD Reagents Market

Increasing R&D investments in the field of IVD.(Access Detailed Analysis in the Full Report Version)

Definition of Ivd Reagents

In vitro diagnostic (IVD) reagents are referred to as critical components that are used in vitro diagnostic procedures in clinical chemistry and special chemistry testing laboratories. These are the solutions of highly-specific biological or chemical substances that can react with target substances in the samples. Without these reagents, chemistry testing laboratories are unable to generate the information required for patient diagnosis, monitoring, and treatment. It is mostly used in the diagnosis of disease or other medical conditions such as a determination of the state of health to cure, mitigate, treat, or prevent disease. The raw materials of in vitro diagnostic (IVD) reagents include antibodies, antigens, and enzymes.

There are different types of IVD reagents available in the market such as antibodies, oligonucleotides, nucleic acid probes, purified proteins or peptides, and others that are dependent on several different technologies to generate accurate and precise test results. It uses several technologies such as immunoassay/immunochemistry, biochemistry/clinical chemistry, molecular, diagnostics, microbiology, hematology, coagulation/hemostatis, urinalysis, and others.

The IVD reagent is used by s...

Around 20% of the United States population is expected to be over 65 by 2030. With the rising aging population, the incidence of spinal fusion procedures is expected to increase in the coming years. Moreover, spinal injuries are a leading cause of spinal fusion procedures. The World Health Organisation reveals that over 15 million worldwide are living with spinal cord injury (SCI). Hence, researchers are focusing on building a robust portfolio that can be put to use to manage the condition effectively.

The North America Healthcare Packaging Market size was valued at USD 42.56 Billion in 2024 and is projected to reach USD 63.84 Billion by 2032, growing at a CAGR of 6.2% from 2026 to 2032.

Key Market Drivers

Growing Aging Population Driving Demand for Healthcare Packaging: The elderly population in North America is a significant element driving the growth of the healthcare packaging industry. According to the US Census Bureau, by 2030, all baby boomers will be over the age of 65, bringing the senior population to 73 million in the United States. This generational transition is driving up demand for medical gadgets, pharmaceuticals, and their specific packaging solutions.

Rise in Chronic Diseases Increasing Pharmaceutical Demand: The incidence of chronic diseases such as diabetes, cancer, and cardiovascular disease is considerably driving the market.

About this dataset

Context

The dataset tabulates the Millville town population by age cohorts (Children: Under 18 years; Working population: 18-64 years; Senior population: 65 years or more). It lists the population in each age cohort group along with its percentage relative to the total population of Millville town. The dataset can be utilized to understand the population distribution across children, working population and senior population for dependency ratio, housing requirements, ageing, migration patterns etc.

Key observations

The largest age group was 18 to 64 years with a poulation of 2,030 (63.92% of the total population). Source: U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Age cohorts:

• Under 18 years
• 18 to 64 years
• 65 years and over

Variables / Data Columns

• Age Group: This column displays the age cohort for the Millville town population analysis. Total expected values are 3 groups ( Children, Working Population and Senior Population).
• Population: The population for the age cohort in Millville town is shown in the following column.
• Percent of Total Population: The population as a percent of total population of the Millville town is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Millville town Population by Age. You can refer the same here

About this dataset

Context

The dataset tabulates the population of Syracuse by gender across 18 age groups. It lists the male and female population in each age group along with the gender ratio for Syracuse. The dataset can be utilized to understand the population distribution of Syracuse by gender and age. For example, using this dataset, we can identify the largest age group for both Men and Women in Syracuse. Additionally, it can be used to see how the gender ratio changes from birth to senior most age group and male to female ratio across each age group for Syracuse.

Key observations

Largest age group (population): Male # 10-14 years (2,030) | Female # 5-9 years (2,003). Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Scope of gender :

Please note that American Community Survey asks a question about the respondents current sex, but not about gender, sexual orientation, or sex at birth. The question is intended to capture data for biological sex, not gender. Respondents are supposed to respond with the answer as either of Male or Female. Our research and this dataset mirrors the data reported as Male and Female for gender distribution analysis.

Variables / Data Columns

• Age Group: This column displays the age group for the Syracuse population analysis. Total expected values are 18 and are define above in the age groups section.
• Population (Male): The male population in the Syracuse is shown in the following column.
• Population (Female): The female population in the Syracuse is shown in the following column.
• Gender Ratio: Also known as the sex ratio, this column displays the number of males per 100 females in Syracuse for each age group.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Syracuse Population by Gender. You can refer the same here

About this dataset

Context

The dataset tabulates the Loves Park population distribution across 18 age groups. It lists the population in each age group along with the percentage population relative of the total population for Loves Park. The dataset can be utilized to understand the population distribution of Loves Park by age. For example, using this dataset, we can identify the largest age group in Loves Park.

Key observations

The largest age group in Loves Park, IL was for the group of age 55-59 years with a population of 2,030 (8.74%), according to the 2021 American Community Survey. At the same time, the smallest age group in Loves Park, IL was the 80-84 years with a population of 359 (1.55%). Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Variables / Data Columns

• Age Group: This column displays the age group in consideration
• Population: The population for the specific age group in the Loves Park is shown in this column.
• % of Total Population: This column displays the population of each age group as a proportion of Loves Park total population. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Loves Park Population by Age. You can refer the same here

Dataset contains information on Tempeans receiving post-secondary education, licenses, certificates. Data supports City's Achieve65Tempe goal that 65 percent of Tempe’s adult population access post-secondary education, resulting in a certification to an advanced degree by 2030.This page provides data for the Post-Secondary School Achievement Rate performance measure. Information on Tempe resident post-secondary attainment including 2-year degrees, 4-year degrees, and graduate degrees. Data supports City's Achieve65 Tempe goal that 65 percent of Tempe’s adult population access post-secondary education, resulting in a certification to an advanced degree by 2030. Data shows breakdown of post-secondary attainment by degree, by gender, for individuals 25 years and older.The performance measure dashboard is available at 3.09 Post-Secondary Achievement Rate.Additional InformationSource: US Census 1-year ACSContact: Marie RaymondContact E-Mail: Marie_Raymond@tempe.govData Source Type: ExcelPreparation Method: Numbers retrieved from US Census and entered into a detailed spreadsheet.Publish Frequency: AnnuallyPublish Method: ManualData Dictionary

Snapshot img

Artificial Heart Market Size 2024-2028

The artificial heart market size is forecast to increase by USD 1.83 billion at a CAGR of 11.64% between 2023 and 2028. The market is experiencing significant growth due to the increasing prevalence of heart failure (HF) and associated risk factors. Clinical trials for the development of total artificial hearts (TAHs) and ventricular assist devices (VADs) are ongoing, offering potential solutions for end-users, including clinics and healthcare centers. However, the high cost of these advanced medical devices remains a challenge. Insurance policies and regulatory approvals, such as those from the Food and Drug Administration (FDA), play a crucial role in making these treatments more accessible. The use of heart-lung machines and mechanical hearts and diagnosis facilities is also driving market growth. Furthermore, to stay competitive, companies must focus on reducing costs while maintaining the highest quality standards. This market analysis report provides a comprehensive overview of the current state of the market and its future trends.

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The market is witnessing significant advancements due to the increasing prevalence of cardiovascular disorders among the geriatric population. According to the Census Bureau, individuals aged 65 and above accounted for nearly 16% of the US population in 2020, and this figure is projected to increase to over 20% by 2030. This demographic shift is a major driver for the growth of the market. Recent technological innovations in materials science have led to the development of advanced heart sectors, such as ventricular assist devices (VADs) and total artificial hearts. These devices have emerged as viable alternatives to traditional transplantation for patients suffering from heart failure.

Furthermore, healthcare units and manufacturing units are increasingly adopting these advanced technologies to cater to the growing patient base. The healthcare sector is witnessing a paradigm shift towards minimally invasive procedures and personalized treatment plans. This trend is driving the demand for artificial hearts, as they offer a more efficient and effective solution for patients with severe cardiovascular disorders. Furthermore, the regulatory scenario is becoming more favorable for the adoption of these devices, with regulatory bodies granting approvals for clinical trials and research projects. International universities and research institutions are also investing heavily in the development of artificial hearts.

In addition, these institutions are collaborating with industry players to advance the technology and bring it to market. For instance, researchers at the University of Pittsburgh are working on a total artificial heart that uses a unique design to mimic the natural function of the heart. The market is expected to grow at a steady pace due to the increasing prevalence of cardiovascular disorders and the aging population. According to the American Heart Association, over 6.5 million Americans are living with heart failure, and this number is projected to increase to over 8 million by 2030. This growing patient base is creating a significant demand for advanced heart solutions, such as artificial hearts and VADs.

In conclusion, the market is poised for growth due to the increasing prevalence of cardiovascular disorders, the aging population, and recent technological innovations. Healthcare units and manufacturing units are increasingly adopting these advanced technologies to cater to the growing patient base, and the regulatory scenario is becoming more favorable for their adoption. Furthermore, international universities and research institutions are investing heavily in the development of artificial hearts, which is expected to drive the growth of the market.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  VAD
  TAH


Geography

  North America

    US


  Europe

    Germany
    France


  Asia

    China
    Japan


  Rest of World (ROW)

By Product Insights

The VAD segment is estimated to witness significant growth during the forecast period. Artificial hearts, specifically Ventricular Assist Devices (VADs), serve as battery-powered mechanical pumps that aid the heart in pumping blood from the lower chambers to the rest of the body or to the other side. Two primary types of VADs exist: Left Ventricular Assist Devices (LVADs) and Right Ventricular Assist Devices (RVADs). An LVAD, also known as a Ventricular Assist System (VAS), is a surgically implanted mechanical pump that extracts blood from the left ventricle and pumps it out via the aorta to the body. Primarily used as a bridge to heart transplantation

In 2023, the population of Africa was projected to grow by 2.34 percent compared to the previous year. The population growth rate on the continent has been constantly over 2.3 percent from 2000 onwards, and it peaked at 2.59 percent between 2012 and 2013. Despite a slowdown in the growth rate, the continent's population will continue to increase significantly in the coming years. The second-largest population worldwide In 2022, the total population of Africa amounted to around 1.4 billion. The number of inhabitants had grown steadily in the previous decades, rising from approximately 810 million in 2000. Driven by a decreasing mortality rate and a higher life expectancy at birth, the African population was forecast to increase to about 2.5 billion individuals by 2050. Africa is currently the second most populous continent worldwide after Asia. However, forecasts showed that Africa could gradually close the gap and almost reach the size of the Asian population in 2100. By that year, Africa might count 3.9 billion people, compared to 4.7 billion in Asia. The world's youngest continent The median age in Africa corresponded to 18.8 years in 2023. Although the median age has increased in recent years, the continent remains the youngest worldwide. In 2023, roughly 40 percent of the African population was aged 15 years and younger, compared to a global average of 25 percent. Africa recorded not only the highest share of youth but also the smallest elderly population worldwide. As of the same year, only three percent of Africa's population was aged 65 years and older. Africa and Latin America were the only regions below the global average of 10 percent. On the continent, Niger, Uganda, and Angola were the countries with the youngest population in 2023.