Artificial Organ Market Overview

Maximize Market Research, a Artificial Organ business research firm has published a report on the “Artificial Organ Market”. Which provides Industry Analysis (business insights, demand analysis, pricing analysis, and competitive landscape).

Estimated Revenue Growth:

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 Report Scope and Research Methodology

Maximize Market Research, a leading business research firm, presents a comprehensive analysis of the Artificial Organ Market. This report delves into industry dynamics, demand patterns, pricing structures, and competitive landscapes, offering invaluable insights for stakeholders across various sectors.

The assessment of the Artificial Organ Market employs a meticulous approach, combining primary and secondary research methodologies. Primary research involves direct engagement with industry experts, suppliers, producers, and consumers, while secondary research draws from trusted sources such as market reports, industry publications, and government data. Historical trends, competitor analysis, and data modeling techniques further enrich the research process, ensuring accurate market predictions and growth evaluations.

Dynamics of the Artificial Organ Market

Innovations of products meant to lessen the negative effects of the organ scarcity

The rising prevalence of organ failure due to severe infections, cardiovascular sickness, and trauma enhances the number of organ transplant surgeries. The World Health Organization estimates that 48.9 million sepsis incidents were recorded in 2019. Adopting unhealthy habits like smoking and drinking alcohol leads to heart and liver failure. The risk of organ failure increases with the frequency of certain diseases, which raises demand for artificial organs globally.

The market for artificial organs is expected to develop mostly due to advancements in technology throughout the forecast period. Patients with end-stage heart failure who are unable to receive treatment for their condition now have an alternative thanks to BiVACOR's total artificial heart (TAH) system. Furthermore, SynCardia Systems has created a temporary implantable full artificial heart system that can act as a heart in individuals suffering from end-stage biventricular heart failure. Therefore, there would be a lot of opportunities for the development of the artificial organ market if new, innovative products that offer practical answers were introduced. The risk of organ rejection and the high cost of artificial organs, however, may somewhat restrict product demand.

Artificial Organ Market Segmentation

by Type

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

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 drivers of this trend are the growing needs for cochlear implants, vision, exoskeletons, limbs, and 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.

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)

Table of content for the Artificial Organ  Market includes: 

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

Artificial Organ Market Regional Insights

The market report covers North America, Europe, Asia Pacific, South America, and the Middle East&Africa comprehensively. It provides information on the market trends in these areas, enabling stakeholders to grasp the factors influencing the Artificial Organ industry environment. In addition, the report provides a thorough examination of the market size and market share in the industry, presenting valuable information and statistics for making well-informed decisions. Analysis assists businesses and investors in evaluating the competitiveness of the market and recognizing potential areas for growth.

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Key questions answered in the Artificial Organ Market are:

• What growth strategies are the players considering to increase their presence in Artificial Organ ?
• What are the upcoming industry applications and trends for the Artificial Organ Market?
• What segments are covered in the Artificial Organ Market?
• Who are the key players in the Artificial Organ market?
• What is Artificial Organ ?
• What segments are covered in the Artificial Organ Market?
• Who are the leading companies and what are their portfolios in Artificial Organ Market?
• What was the Artificial Organ market size in 2023?

Key Offerings:

• Market Size, Share, Size & Forecast by different segment | 2024−2030
• 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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