Artificial Organ Market Overview

Maximize Market Research provides a comprehensive description of Artificial Organ Market which helps to understand its feature in an optimized way. The projected statistics, significant advancements and income are all included in detail in the Artificial Organ research paper.

Artificial Organ Market size was valued at USD 31.46 Bn. in 2023 and the total market revenue is expected to grow by 10 % from 2024 to 2030, reaching nearly USD 61.30 Bn.

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Artificial Organ Market Segmentation

With almost 70.9% of the market share, the artificial organs segment led the artificial organ market in 2023 based on product. The segment's expansion is being driven by the need for transplants of the kidney, heart, lung, and liver. The usual waiting period in the US is five years on average for a kidney transplant. Numerous considerations are considered while on the waiting list, including as the severity of the sickness, body size, blood type, and distance from a donor. The difficulty in satisfying unmet demand has led to the development of wearable artificial kidneys, bio-lungs, and artificial pancreas by manufacturers.

The artificial bionics market is anticipated to expand at the fastest rate throughout the course of the forecast period. The main elements propelling the segment's growth include the growing need for cochlear implants, eyesight, exoskeleton, limbs, and brain bionics.

Furthermore, the bionics and artificial organ markets are expanding due to fast FDA approval of implants and advantageous reimbursement schemes. For instance, the US Food and Drug Administration authorized Cochlear Limited's Cochlear Nucleus Implants in January 2022 to treat unilateral hearing loss and single-sided deafness.

by Type

Artificial Organs
Kidney
Heart
Lungs
Liver
Pancreas
Artificial Bionics
Cochlear implant
Exoskeleton
Bionic limbs
Vision bionics
Brain bionics

by Technology

Mechanical bionics
Electronic bionics

by Material

Silicone
Plastic
Steel
Biomaterials

by End Users

Hospitals
Ambulatory Surgical Centers
Laboratories and Diagnostic Centers
Research and Academic Institute
Others

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Artificial Organ Market Key Players

1. Baxter International Inc. (US)
2. Boston Scientific Corporation (US)
3. ALung Technologies, Inc. (US)
4. Zimmer Biomet (US)
5. MyLVAD Foundation, LTD (US)
6. Abiomed, Inc. (US)
7. Cleveland HeartLab, Inc. (US)
8. Edwards Lifesciences (US)
9. Ekso Bionics Holdings Inc. (US)
10.Jarvik Heart Inc. (US)
11.SynCardia Systems, LLC (US)
12.Abbott Laboratories (US)
13.Excorp Medical Inc (US)
14.Berlin Heart GmbH (Germany)
15.B. Braun Melsungen AG (Germany)
16.CEGLA Medizintechnik GmbH (Germany)
17.Fresenius Medical Care AG & Co. KGaA (Germany)
18.Carmat SA (France)
19.Defymed (France)
20.Getinge AB (Sweden)
21.F. Hoffmann-La Roche AG (Switzerland)
22.Medtronic PLC (Ireland)
23.Nikkiso Co. Ltd. (Japan)
24.Nipro Corporation (Japan)
25.Toray Medical Company Limited (Japan)
Asahi Kasei Medical Co. Ltd (Japan)
Terumo Corporation (Japan)

Artificial Organ Market Scope

The report encompasses both qualitative and quantitative assessments of the Artificial Organ Market, utilizing segmentation that takes into account economic and non-economic factors. It conducts a comprehensive exploration of the Artificial Organ industry from diverse angles, employing Porter's five forces analysis. Furthermore, the report sheds light on the Artificial Organ Market by tracing its journey through the value chain. Historical data and forward-looking revenue growth forecasts are presented at the country, regional, and global levels, accompanied by an analysis of market trends within each sub-segment and region.

Within the report's competitive landscape, intricate details about Artificial Organ competitors are provided. This includes a company overview, financials, revenue generation, market potential, research and development investments, new market ventures, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launches, product range, application dominance, and more. The assessment of the global and regional Artificial Organ Market size was conducted using a bottom-up approach.

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Regional Analysis

Each regional Artificial Organ market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Artificial Organ market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Artificial Organ report. 

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Key Questions answered in the Artificial Organ Market Report are:

• What was the Artificial Organ market size in 2022?
• What are the global trends in the Artificial Organ Market?
• What are the upcoming industry applications and trends for the Artificial Organ Market?
• What are the factors contributing to the final price of Artificial Organ?
• What are the recent industry trends that can be implemented to generate additional revenue streams for Artificial Organ Market? 
• How is the intervention from regulatory authority shaping the Artificial Organ Market?
• What growth strategies are the players considering to increase their presence in Artificial Organ?
• Who are the leading players in Artificial Organ Market? 
• What are the major challenges that the Artificial Organ Market could face in the future? 
• Which region held the largest Artificial Organ market share? 

Key Offerings:

• A detailed Analysis of the Market Overview
• Market Share, Size & Forecast by Revenue 
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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