In order to identify the market’s driving forces and potential growth opportunities, a thorough analysis of the competitive environment, product market sizing, product benchmarking, market trends, product innovations, financial analysis, strategic analysis, and other factors was conducted as part of the Artificial Organ market research. To assist readers understand the present market dynamics and how they will affect customers from 2022 to 2029, the report also includes a study of important market developments, such as product launches, agreements, acquisitions, partnerships, mergers, and more.
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Artificial Organ Market Overview:
For the purpose of calculating the total market size for Artificial Organ by regions and market segments, the study analyses each country at the micro level. Using a bottom-up approach, the sizes of the regional and worldwide markets are projected. It is feasible to ascertain how much the unorganised market contributes to the expansion of the bigger market by doing a micro-level analysis of each country. The company must conduct a detailed analysis in order to fully understand the variables impacting, limiting, and providing opportunities in the Artificial Organ market. Interviews with renowned business owners in the area help to verify the findings. The use of data sources from both for-profit and non-profit organisations is done for secondary research and analysis. The requirement and consumption statistics for each player are calculated by combining data from public, private, and, in the case of publicly traded enterprises, corporate earnings data. If a company’s financial records are not right away available, you can get them by getting in touch with the budget office of the local government.
Artificial Organ Market size was valued at USD 26 Bn. in 2021 and the total market revenue is expected to grow by 10 % from 2022 to 2029, reaching nearly USD 55.7 Bn.
Artificial Organ Market Segment:
With more than 70.9% of the market, artificial organs segment led the artificial organ market in 2021. Transplant demand for the liver, heart, kidney, and lung is propelling the market’s expansion. The usual waiting period for a kidney transplant in the US is 5 years on average. Several aspects are taken into consideration while on the waiting list, such as body size, blood type, distance from a donor, and degree of disease. Manufacturers have created wearable artificial kidneys, bio-lungs, and artificial pancreas in an effort to address unmet demand.
The artificial bionics section is anticipated to expand at the fastest rate during the course of the forecast. The main causes include the rising demand for brain bionics, vision, exoskeletons, limbs, and cochlear implants.driving the growth of the segment. Additionally, the expansion of the artificial organ market and the bionics business is being fueled by advantageous reimbursement policies and quicker FDA approval for implants. For instance, the US Food and Drug Administration authorized Cochlear Limited’s Cochlear Nucleus Implants in January 2022 to treat single-sided deafness and unilateral hearing loss.
Depending on technology, Mechanical bionics held a commanding 67.1% share of the market in 2021. This is mainly because mechanical bionics are inexpensive and organ failure is becoming more common. Mechanical prosthetic heart valves are in high demand because they are more durable than alternative solutions. Growth is also being fueled by the FDA’s quick approval processes and reimbursement practices. For instance, in September 2021, the FDA authorized Abbott’s Portico with FlexNav TAVR system to treat aortic stenosis patients who are at high or very high risk for open-heart surgery and have symptoms. The artificial organ market’s electronic bionics segment is anticipated to expand at the fastest rate during the time of the projection.
Regional Analysis:
The five major world regions that are covered by the report are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Artificial Organ Industry Research pinpoints significant sectors and sub-segments as well as the market’s major geographical areas. The Artificial Organ market study provides numbers, geographic breakdowns, revenue, and a thorough analysis of the opportunities, business chain structure, and market news.
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Artificial Organ Market Key players:
• Abiomed, Inc. (US) • Cleveland HeartLab, Inc. (US) • Edwards Lifesciences (US) • Ekso Bionics Holdings Inc. (US) • Jarvik Heart Inc. (US) • SynCardia Systems, LLC (US) • Abbott Laboratories (US) • Excorp Medical Inc (US) • Berlin Heart GmbH (Germany) • B. Braun Melsungen AG (Germany) • CEGLA Medizintechnik GmbH (Germany) • Fresenius Medical Care AG & Co. KGaA (Germany) • Carmat SA (France)
Table Of Content :
1. Global Artificial Organ Market Size: Research Methodology
2. Global Artificial Organ Market Size: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Artificial Organ Market Size
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Artificial Organ Market Size: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
3.12. COVID-19 Impact
4. Global Artificial Organ Market Size Segmentation
4.1. Global Artificial Organ Market Size, by Product (2021-2029)
• Artificial Organs
• Kidney
• Heart
• Lungs
• Liver
• Pancreas
• Artificial Bionics
• Cochlear implant
• Exoskeleton
• Bionic limbs
• Vision bionics
• Brain bionics
4.2. Global Artificial Organ Market Size, by Technology (2021-2029)
• Mechanical bionics
• Electronic bionics
5. North America Artificial Organ Market (2021-2029)
5.1. North America Artificial Organ Market Size, by Product (2021-2029)
• Artificial Organs
• Kidney
• Heart
• Lungs
• Liver
• Pancreas
• Artificial Bionics
• Cochlear implant
• Exoskeleton
• Bionic limbs
• Vision bionics
• Brain bionics
5.2. North America Artificial Organ Market Size, by Technology (2021-2029)
• Mechanical bionics
• Electronic bionics
5.3. North America Semiconductor Memory Market, by Country (2021-2029)
• United States
• Canada
• Mexico
Key Questions answered in the Artificial Organ Market Report are:
- What is Artificial Organ Market?
- What is the forecast period of the Artificial Organ Market?
- What is the competitive scenario of the Artificial Organ market?
- Which region held the largest market share in the Artificial Organ Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Artificial Organ
- Landscape- Leading key players and other prominent key players.
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