Artificial Organ Market Expected Revenue Growth and Industry Future 2030

Artificial Organ Market Overview

The “Artificial Organ Market” report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Artificial Organ market report provides a full understanding of advanced tactics and plans. 

Artificial Organ Market Value :

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

The report offers an extensive examination of top players’ strategies within the Artificial Organ industry, coupled with an in-depth analysis of market segments and regional dynamics. In-depth insights into market dynamics, encompassing drivers, restraints, opportunities, and challenges, are provided both on a regional and segmental basis within the Artificial Organ Market report. Additionally, the report presents import/export consumption, supply and demand, pricing, costs, revenue, and gross margins data, serving as an invaluable guide for investors.

The data for the Artificial Organ Market report was meticulously gathered through a combination of primary and secondary research methods, ensuring its authenticity. Primary research methods employed encompassed questionnaire distribution, surveys, and phone interviews with Artificial Organ industry experts, market leaders, marketing professionals, and entrepreneurs. The report’s estimations of global and regional Artificial Organ market size were derived using a bottom-up approach. Furthermore, the strengths and weaknesses of Artificial Organ key players within the industry are outlined using SWOT analysis.

Artificial Organ Market Regional Insights

The report delves into the Artificial Organ business in great depth, segmenting it into numerous locations. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in the study. In the Artificial Organ market report, regional markets are thoroughly investigated in order to uncover regional market trends, restrictions, and possible prospects.

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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.

There are 190.5 million adults among the estimated 1.5 billion physically handicapped persons.having a basic functional issue. Financial and logistical obstacles remain formidable for the majority of developing nations. Getting prosthetics, such as artificial hands, limbs, and legs, is the sole choice for a lot of disadvantaged people. With the help of sensors, these prosthetics’ electrical and myoelectric control systems can produce nerve movement. Artificial organ motion is made possible by these sensory electric technologies. Wearables with intelligence, element modeling, and machine learning are employed to accomplish mobility. In addition, it is anticipated that the need for electronic bionics would rise in response to an increase in traffic accidents, amputees, and lower-limb deformities.

by Material

Silicone
Plastic
Steel
Biomaterials

by End Users

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

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)

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Table of Content: Artificial Organ Market

Part 01: Executive Summary

Part 02: Scope of the Artificial Organ Market Report

Part 03: Global Artificial Organ Market Landscape

Part 04: Global Artificial Organ Market Sizing

Part 05: Global 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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Key Offerings:

• • A detailed Market Overview
  • Market Share, Size & Forecast by Revenue
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments and sub-segments
  • Regional Insights

 

• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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