Artificial Organs Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Medtronic plc (NYSE: MDT), Boston Scientific Corporation (NYSE: BSX), Roche (SWX: ROG)

Registering a CAGR of 8.5% over the forecast period, the market value of Artificial Organs is expected to reach US$ 29500 million in the year 2027.

Artificial Organs Market Overview

Artificial organs are devices implanted in the human body to replace a damaged organ and perform specific functions of the natural organ, allowing the patient to live a normal life as before. These organs are formed in the beginning by human stem cells and then grown in the laboratory. According to the American Transplant Association, nearly 113,000 people were on a waiting list in the United States as of July 2019, and 36,528 transplants were performed in 2018.

The growing number of people suffering from organ failures, particularly among the elderly, as a result of severe health conditions such as diabetes, heart disease, and chronic kidney disease, is driving the global artificial organs market. The increased frequency of traffic accidents and injuries resulting in amputations has also increased the demand for artificial organs. Aside from that, growing public awareness of medical technology advancements and improvements in existing healthcare infrastructure has led to the development of advanced artificial support systems. Besides, the introduction of 3D bioprinting and the incorporation of artificial intelligence (AI) in the production of artificial devices are providing a positive outlook for the market. However, high implantation costs and limited surgical expertise are expected to limit market growth in most regions.

The report aspects discussed the profile of the top manufacturers of the global Artificial Organs market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Artificial Organs Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Artificial Organs Market?

The global Artificial Organs includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Medtronic plc (NYSE: MDT), Boston Scientific Corporation (NYSE: BSX), Roche (SWX: ROG), Zimmer Biomet, Asahi Kasei Medical, Baxter International, Abiomed, Berlin Heart, Thoratec, Gambro AB, Jarvik Heart and others.

Industry News and Updates:

Zimmer Biomet's JuggerStitch Meniscal Repair Device has been cleared by the FDA.

Sept. 16, 2019 -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, has announced FDA 510(k) clearance for the JuggerStitch meniscal repair device. The JuggerStitch device is the next generation of this ground-breaking meniscus repair technology to receive 510(k) clearance, and it is now available in the United States.

What are the major Applications, Types, and Regions for the Artificial Organs Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Artificial Heart


• Artificial Kidney


• Artificial Liver


• Artificial Pancreas


• Artificial Lungs


• Others

By Application, it is segmented into

• Hospitals


• Clinical Research Institutions


• Others

Artificial Organs Market Regional Analysis

North America currently dominates the artificial organs market and is expected to do so for the foreseeable future. Because of the increased demand for artificial organs, this region is expected to increase its market share in the future. Every year, the United States spends a significant portion of its GDP on healthcare.

• North America
  
  
  
  
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• Europe
  
  
  
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  • France
  
  
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  • Italy
  
  
  • Spain
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Artificial Organs Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Artificial Organs Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Artificial Organs Market report scope?

Scope of the Report covers the Artificial Organs Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Artificial Organs Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Artificial Organs Report

• Evaluate Artificial Organs market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Artificial Organs market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Artificial Organs Market is studied from 2017 - 2027.

What is the growth rate of the Artificial Organs Market?

The Artificial Organs Market is growing at a CAGR of 8.5% over the next 5 years.

Who are the key players in Artificial Organs Market?

Medtronic, Boston Scientific, Roche, Zimmer Biomet, Asahi Kasei Medical, Baxter International, Abiomed, Berlin Heart, Thoratec, Gambro AB, Jarvik Heart

What regions does this Artificial Organs Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Artificial Organs Market?

Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Artificial Lungs, Others

What are the major end-use applications of Artificial Organs Market?

Hospitals, Clinical Research Institutions, Others

 

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