Artificial Organ Market

Global Artificial Organ Market Outlook 2023-2029: Latest Innovations, Adoption Trends and Key Players

Artificial Organ Market size was valued at USD 28.6 Bn. in 2022 and the total market revenue is expected to grow by 10 % from 2023 to 2029, reaching nearly USD 55.73 Bn.

Artificial organs are organs created by humans. These organs can carry out tasks similar to those of human body parts since they are implanted into human bodies with living tissues. Bionics is the practice of enhancing or replacing biological parts with mechanical ones. The body’s immune system does not reject artificial organs since they are made of plastic and seeded with stem cells from the relocated recipient. Manufacturers and researchers continuously strive to improve the likelihood that the recipient will accept a synthetic organ.

Artificial Organ Market Overview

Maximize Market Research (MMR) has recently released a Artificial Organ Market research report, offering comprehensive and high-quality market studies with complete transparency. This report also presents a list of major competitors, along with strategic insights and analysis of key factors impacting the Artificial Organ industry. Artificial Organ Market research takes into account market players, marketing strategies, trends, future product developments, and emerging opportunities to generate insightful market reports.

Artificial Organ Market Report Scope and Research Methodology

The Artificial Organ market report’s primary objective is to examine the major key drivers and restraints influencing key companies, coupled with a detailed assessment of the current competitive benchmarking and development prospects. Alongside this analysis, the report thoroughly examines Artificial Organ market trends and future insights, encompassing aspects related to the demand chain, supply chain, and sales, along with recent market changes. The report includes profiles of key market players in the Artificial Organ market for a comprehensive competitive analysis, offering insights into company overview, financial performance, product portfolio, and strategies. Employing a blend of quantitative and qualitative research methods, the research features SWOT and PESTLE analysis.

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Artificial Organ Market Regional Insights

The Asia-Pacific region dominated the Artificial Organ market in 2022, accounting for the highest market share, approximately 48% of the total. It is expected to continue leading in revenue until 2029. Meanwhile, Europe is projected to experience the highest CAGR during the forecast period. The research further examines North America and South America and MEA regions.

Artificial Organ Market Segmentation

With more than 70.9% of the market, artificial organs segment led the artificial organ market in 2022. 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. Numerous 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.

by Type

1. Artificial Organs
1.2 Kidney
1.3 Heart
1.4 Lungs
1.5 Liver
1.6 Pancreas
2 Artificial Bionics
2.1 Cochlear implant
2.3 Bionic limbs
2.4 Vision bionics
2.5 Brain bionics

by Technology

1.Mechanical bionics
2.Electronic bionics
by Material 1. Silicone

by End Users

2.Ambulatory Surgical Centers
3.Laboratories and Diagnostic Centers
4.Research and Academic Institute

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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)

Key questions answered in Artificial Organ Market are:

  • Who held the largest market share in the Artificial Organ Market? 
  • What is the demand pattern for the Artificial Organ Market? 
  • What are the opportunities for the Artificial Organ Market? 
  • What are the strategies used by competitors in the Artificial Organ Market?
  • What are the growth prospects in developing countries for the Artificial Organ Market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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