A summary of the Artificial Organ Market :

A prominent global market research entity has recently unveiled an in-depth market research report centering on the “Artificial Organ Market”. This comprehensive report offers extensive data and visual representations for analyzing both regional and global markets. It furnishes valuable insights into the market's objectives, encompassing detailed information on top competitors, market value, current trends, strategies, targets, and product offerings. Moreover, the report sheds light on the recent growth and historical data of the market, delivering crucial information for stakeholders.

Analysis and Development of the Artificial Organ Market:

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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Industrial Range of Artificial Organ Market :

This research report extensively analyzes trending competitors, their growth patterns, and market dynamics. It provides insights into regional and global market values and demands, facilitating a better understanding of the competitive landscape and the market's production, demand, and supply potential. The segmentation analysis considers crucial factors such as psychographic, demographic, geographic, and behavioral aspects, influencing marketing strategies, targeted products, offers, and customer experiences.

By utilizing Porter's analysis, the report determines organizations' competitive positions to enhance profitability. Additionally, Pestle analysis assesses the validity of existing products and services within the contextual data. A SWOT analysis evaluates the internal and external factors contributing to a company's strengths, weaknesses, advantages, and disadvantages. In summary, this report offers a comprehensive and informative overview of the Artificial Organ market.

Classification of the Artificial Organ Market

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

With 67.1% of the market share in 2023, mechanical bionics dominated the market based on technology. The main causes of this are the rising incidence of organ failure and the inexpensive nature of mechanical bionics. Because they are highly durable compared to alternative solutions, mechanical artificial heart valves are in high demand. Fast FDA approvals and reimbursement practices are other growth-promoting elements. For instance, in September 2021, the FDA authorized Abbott's Portico with FlexNav TAVR system to treat aortic stenosis patients who are symptomatic and at a very high risk of requiring open heart surgery. In the artificial organ market, the electronic bionics segment is anticipated to grow at the quickest rate over the forecast period.

There are 190.5 million adults among the estimated 1.5 billion physically handicapped persons.having a major functioning issue. The majority of developing nations still confront formidable financial and logistical obstacles. The only choice available to many crippled persons is to get prostheses, such as artificial hands, arms, and legs. These prosthetics include of electrical systems and batteries that are myoelectrically regulated, allowing sensors to produce nerve movement. Artificial organs are able to move because to these sensory electrical technology. Machine learning, smart wearables, and element modeling are employed to accomplish mobility. Additionally, it is anticipated that the need for electrical bionics will be driven by an increase in traffic accidents, amputees, and those who are born without limbs.

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 Location-Based Analysis

The report offers formal, functional, and vernacular regional analyses, focusing on high-demand regions such as Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis provides insights into different targets, strategies, and market values specific to each region.

Principal Players in the Artificial Organ Market Industry

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)

List of Contents : Artificial Organ Market

Part 01: Executive Summary

Part 02: Scope of the Artificial Organ Market Report

Part 03: Artificial Organ Market Landscape

Part 04: Artificial Organ Market Sizing

Part 05: Artificial Organ Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Important Questions the Artificial Organ Market Report Addresses:

• What are the opportunities for the Artificial Organ Market?
• Who are the key players in the Artificial Organ market?
• Which company holds the largest share in the Artificial Organ market?
• What will be the compound annual growth rate (CAGR) of the Artificial Organ market during the forecast period?
• What key trends are expected to emerge in the Artificial Organ market in the coming years?

Principal Products/Services:

• Market Share, Size, and Revenue Forecast
• Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
• Market Segmentation: Detailed analysis by Artificial Organ Market
• Landscape: Leading key players and other prominent participants

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