The Artificial Organ And Bionics Global Market Report 2023, provides comprehensive information on the artificial organ and bionics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Artificial Organ And Bionics Global Market Report 2023, the global artificial organ and bionics market size is expected to grow from $27.22 billion in 2022 to $30.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global artificial organ and bionics market size is expected to reach $45.40 billion in 2027 at a CAGR of 10.6%.
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Product innovations are the key trends gaining popularity in the artificial organ and bionics market. Major companies operating in the artificial organ and bionics market are developing new products to sustain their position in the market. For example, in September 2021, CARMAT, a US-based designer and developer of the world’s most advanced total artificial heart, launched the first implant of its bioprosthetic artificial heart, Aeson, in a female recipient. The product is compact enough to fit inside smaller chest cavities in women and will increase the chances for success.
The artificial organ and bionics market is segmented:
1) By Product: Artificial Organs, Artificial Bionics
2) By Fixation Type: Implantable And Externally-Worn, Cardiac Bionics And Brain Bionics
3) By Technology: Mechanical Bionics, Electronic Bionics
North America was the largest region in the artificial organ and bionics market in 2022.
The table of contents in TBRC’s artificial organ and bionics market report includes:
1. Executive Summary
2. Artificial Organ And Bionics Market Characteristics
3. Artificial Organ And Bionics Market Trends And Strategies
4. Artificial Organ And Bionics Market – Macro Economic Scenario
5. Artificial Organ And Bionics Market Size And Growth
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26. Africa Artificial Organ And Bionics Market
27. Artificial Organ And Bionics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Organ And Bionics Market
29. Artificial Organ And Bionics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Abiomed Inc
- Baxter International Inc
- Berlin Heart GmbH
- Boston Scientific Corporation
- Ekso Bionics Holdings Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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