Artificial Organ Market Overview
A distinguished global market research firm has recently released an exhaustive market research report focusing on the Artificial Organ market. The report provides a wealth of data and visually engaging representations to analyze both regional and global markets. It offers valuable insights into the market’s objectives and includes comprehensive information on top competitors, their market value, current trends, strategies, targets, and product offerings. The report also highlights the market’s recent growth and historical data, providing crucial information for stakeholders.
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.
Market Scope
The research report delves deep into the analysis of trending competitors, their growth patterns, and the dynamics of the market. It offers insights into the regional and global market value and demand, enabling a better understanding of the competitive landscape and the market’s potential in terms of production, demand, and supply. The segmentation analysis considers crucial factors such as psychographic, demographic, geographic, and behavioral aspects, which inform marketing strategies, targeted products, offers, and customer experiences. The report utilizes Porter’s analysis to determine organizations’ competitive positions and improve profitability. Additionally, Pestle analysis is conducted to assess the validity of existing products and services within the contextual data. SWOT analysis is employed to evaluate the internal and external factors contributing to a company’s strengths, weaknesses, advantages, and disadvantages. This report provides a comprehensive and informative overview of the Artificial Organ market.
Segmentation:
With almost 70.9% of the market share, the artificial organs segment led the artificial organ market in 2022 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 quickest rate throughout the course of the forecast period. The main causes are the rising demand for brain bionics, exoskeletons, eyesight, cochlear implants, and limbs.
With 67.1% of the market share in 2022, mechanical bionics led 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 more durable compared to alternative solutions, mechanical prosthetic heart valves are in high demand. Fast FDA approvals and reimbursement practises are further growth-promoting elements. For instance, in September 2021, the FDA authorised 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 sector is anticipated to develop at the quickest pace over the projected period.
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)
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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
Regional 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.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company comprising professionals from various industries. Our coverage spans medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. 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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