Comprehensive Description of the Artificial Organ Market :
The comprehensive market research report on the “Artificial Organ Market” is curated by MMR, meticulously considering market dynamics suitable for various businesses operating within this sector. The Artificial Organ market is experiencing rapid growth and is projected to continue this trajectory with a specified CAGR within the forecast period. MMR’s report comprises both qualitative and quantitative analyses, facilitating a thorough examination of constraints, opportunities, and challenges. These insights are invaluable for scaling businesses and gaining a deeper understanding of industry nuances.
Beyond offering essential analyses for businesses, the MMR report elucidates the work chain, market analytics, regional market potential, crucial focal points, and historical data. This holistic approach empowers investors and buyers to make well-informed decisions with minimized risk.
The Artificial Organ Market Growth Projection
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.
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Artificial Organ Market Report Scope and Research Methodology
The Artificial Organ Market report provides a comprehensive assessment of the global market, including insights into the industry’s stakeholders. The report includes detailed information on the Artificial Organ market’s value, revenue, production, and sales. It clearly shows the historical and current status of the market, as well as the forecasted trends and Artificial Organ market size.
The report employed several research methodologies to understand consumer behavior, including interviews and surveys. MMR’s report is the result of a multi-method study that included Porter’s, PESTLE, and SWOT analyses, as well as a bottom-up approach to estimating the Artificial Organ market size. Primary and secondary research methodologies were used to collect the data for the Artificial Organ market report. These methods were used to shed light on the key financial considerations of Artificial Organ key players.
Artificial Organ Market Segmentation Strategies:
by Type
1. Artificial Organs
1.2 Kidney
1.3 Heart
1.4 Lungs
1.5 Liver
1.6 Pancreas
2 Artificial Bionics
2.1 Cochlear implant
2.2Exoskeleton
2.3 Bionic limbs
2.4 Vision bionics
2.5 Brain bionics
With over 70.9% of the market share, the artificial organs segment led the artificial organ market in 2022 based on product. The segment’s growth is being driven by the need for transplants of the kidney, heart, lung, and liver. The median waiting period in the US is five years on average for a kidney transplant. Numerous factors are considered while on the waiting list, such as the severity of the illness, 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 over the course of the forecast period. The main causes are the rising demand for brain bionics, exoskeletons, vision, cochlear implants, and limbs.
by Technology
1.Mechanical bionics
2.Electronic bionics
by Material 1. Silicone
2.Plastic
3.Steel
4.Biomaterials
With 67.1% of the market share in 2022, 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 options, mechanical artificial heart valves are in high demand. Fast FDA approvals and reimbursement practices are additional 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 fastest rate during the forecast period.
Around 190.5 million adults experience primary functional difficulty, out of the approximately 1.5 billion people who are physically disabled. The majority of developing nations still confront formidable financial and logistical obstacles. The only choice available to many disabled people is to get prosthetics, such as artificial hands, arms, and legs. These prosthetics consist of electrical systems and batteries that are myoelectrically controlled, allowing sensors to produce nerve movement. Artificial organs are able to move thanks to these sensory electrical technologies. Machine learning, smart wearables, and element modeling are used to achieve mobility. Additionally, it is anticipated that the need for electronic bionics will be driven by an increase in traffic accidents, amputees, and people who are born without limbs.
by End Users
1.Hospitals
2.Ambulatory Surgical Centers
3.Laboratories and Diagnostic Centers
4.Research and Academic Institute
5.Others
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Artificial Organ Market Location-Based Analysis :
Acknowledging the anticipated rapid growth of the Artificial Organ market, the MMR report is structured to accommodate this dynamism with a comprehensive regional market analysis.
The regional market analysis delves into the potential of specific regions within the industry, offering detailed insights into traditional business practices, regional opportunities, trading chains, challenges, and more.
This report serves as an indispensable guide for new industry entrants, providing essential insights into regional market competition, challenges, advantages, enabling them to devise strategies and plans accordingly.
Artificial Organ Market Principal Entities
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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Section Heading : Artificial Organ Sector
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
Important services:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: Detailed analysis by Artificial Organ Market
- Landscape: Leading key players and other prominent entities.
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