Global Artificial Organ Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Feb 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Artificial Organ Market, By Organ Type (Artificial Heart, Artificial Kidney, Artificial Pancreas, Artificial Lungs, Cochlear Implants, Artificial Liver, Others), Material Type (Silicon, Plastics, Steel), Type (Permanent Artificial Organs, Temporary Artificial Organs) – Industry Trends and Forecast to 2029

Artificial Organ Market

Market Analysis and Size

More than 650,000 patients, per year, in the United States and an estimated 2 million patients worldwide are affected by end-stage renal disease (ESRD). Those who live with end-stage renal disease (ESRD) make only 1% of the medicare-covered population, but account for 7% of the medicare budget. The number of patients in the United States diagnosed with end-stage renal disease (ESRD) is increasing by 5% each year. Mortality rates vary depending on the end-stage renal disease (ESRD) treatment. After one year of treatment, those on dialysis have a 20-25% mortality rate, with a five-year survival rate of 35%. People who receive transplants have a 3% mortality rate after five years.

  • Data Bridge Market Research analyses that the artificial organ market is growing at a CAGR of 9.10% during the forecast period and is likely to reach USD 43.64 billion in 2029.

Market Definition

An artificial organ is a medical device that is implanted or integrated into the body to replicate or augment the natural function of the organ. As per the scope of the report, artificial organs include implantable devices, such as fully artificial hearts and pacemakers, along with organ support machines, such as dialysis and extracorporeal membrane oxygenation (ECMO) machines.

Artificial Organ Market Dynamics

Drivers

  • Rising cases of chronic diseases

With growing population the cases of chronic diseases are increasing rapidly and it is a major factor driving the market and with surging cases of covid-19 the market is flourishing in the forecast period of 2022-2029

  • Dearth of organ donors

Nowadays there is huge dearth of organ donors. Therefore patients have to wait for year before get an organ to help their condition but artificial organs are helping them to wait till their time comes to get real organs and it is driving the market.

Additionally, advancement in the medical bionics, increasing awareness about artificial organs among population, increasing ageing population, increasing popularity of home haemodialysis and increasing accidents and severe injuries positively affect the artificial organ market.

Opportunities

Furthermore, increasing focus of quality of healthcare, the increased initiative by the government extend profitable opportunities to the market players in the forecast period of 2022 to 2029. 

Restraints/Challenges

On the other hand, the high cost of the procedure and increasing awareness about the risk associated with the artificial organs are expected to obstruct market growth. Also, lack of skilled professionals are projected to challenge the artificial organ market in the forecast period of 2022-2029.

This artificial organ market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the artificial organ market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Artificial Organ Market

The market demand for COVID-19 vaccine has increasing, due to increase in the everyday cases across the globe. Thus, leading to increase in the demand of rapid diagnostic testing. For instance, according to many research it is found that real time PCR (RT-PCR) is most inexpensive and effective method for the diagnosis of COVID-19 testing. The sudden outbreak of COVID-19 pandemic had led to implementation of stringent lockdown regulations across several nations resulting in the postponement of elective surgeries to combat the risk of the coronavirus infection. For artificial organ implant doctors need a properly working operation theatre and it has to infection free and because of covid-19 this criteria is became even more difficult and it is hampering the market

Recent Developments

  • In March 2021, FDA approved Abbott’s world smallest mechanical heart valve. The device is designed to treat the babies and toddlers in the need for a mitral and aortic heart valve.

Global Artificial Organ Market Scope

The artificial organ market is segmented on the basis of organ type, material type and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Organ type

  • Artificial heart
  • Artificial kidney
  • Artificial pancreas
  • Artificial lungs
  • Cochlear implants
  • Artificial liver
  • Others

On the basis of organ type, the artificial organ market is segmented into artificial heart, artificial kidney, artificial pancreas, artificial lungs, cochlear implants, artificial liver and others. Artificial heart segment is further divided into prosthetic heart valves, ventricular assist devices and cardiac pacemakers.

Material type

  • Silicon
  • Plastics
  • Steel

Material type segment of the artificial organ market is divided into silicon, plastics and steel.

Type

  • Permanent artificial organ
  • Temporary artificial organs

The type segment of the artificial organ market is segmented into permanent artificial organ and temporary artificial organs.

Artificial Organ Market Regional Analysis/Insights

The artificial organ market is analysed and market size insights and trends are provided by country, organ type, material type and type as referenced above.

The countries covered in the artificial organ market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the artificial organ market due to rising cases of organ failure and increasing ageing population in the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to increasing healthcare expenditure and improvement in the healthcare expenditure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The artificial organ market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for artificial organ market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial organ market. The data is available for historic period 2010-2020.

Competitive Landscape and Artificial Organ Market Share Analysis

The artificial organ market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to artificial organ market.

Some of the major players operating in the artificial organ market are B. Braun Melsungen AG, Boston Scientific Corporation, Getinge AB., ABIOMED., Asahi Kasei Medical Co., Ltd., Berlin Heart, CARMAT, Jarvik Heart, Inc., Terumo Corporation, SynCardia Systems, LLC, NIPRO, Medtronic, Organovo Holdings Inc., NexImmune, Diabeloop SA, Admetsys., Defymed, SEMMA THERAPEUTICS, Pancreum, Inc., Beta Bionics,, Dexcom, Inc. and Integra LifeSciences Corporation among others.

Research Methodology : Global Artificial organ market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available : Global Artificial Organ Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions