Artificial Organ Market Report Overview

In order to present a current picture of the market and help grasp its features in an optimal manner, Maximize Market Research does a thorough analysis of Artificial Organ. The market features of accumulation, segmentation, dominance, and combination traits are presented in the Artificial Organ Market study. The study gives a general overview of the artificial organ market by highlighting common themes with data that is tailored to the specific needs. Making judgments about how to approach the market and comprehend the Artificial Organ industry's backdrop is made easier with the help of this overview.

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 Dynamics

Innovations of products meant to lessen the negative effects of the organ scarcity

Organ transplant procedures are becoming more common as a result of serious infections, cardiovascular disease, and trauma-related organ failure. The World Health Organization estimates that 48.9 million sepsis incidents were recorded in 2019. Adopting unhealthy habits like smoking and drinking alcohol leads to heart and liver failure. The risk of organ failure increases with the frequency of certain diseases, which raises demand for artificial organs globally.

Artificial Organ Market Growth Will Be Driven by Increasing Need for Organ Transplants

The main factors propelling the market for bionics and artificial organs are the rising number of transplants and the rising number of individuals in need of donors.In 2022, the Human Resources and Services Administration (HRSA) estimates that there will be over 106,108 individuals in the US on the national waiting list. Every nine minutes, a new individual in the US is added to the transplant waiting list, according to the HRSA, which raises the demand for artificial medical devices.

Artificial Organ Market Report Scope and Research Methodology

The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Artificial Organ industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Artificial Organ market report's competitive scenario, companies' activities are categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, Product Launch & Enhancement, Investment & Funding, as well as Award, Recognition & Expansion.

The accumulated news within the Artificial Organ report equips suppliers with insights into market gaps and competitors' strengths and weaknesses, thereby offering valuable information to enhance products and services. It presents a clear picture of the supplier's revenue contribution to the overall Artificial Organ market relative to other players in the field. Furthermore, it sheds light on the performance of players concerning revenue generation and customer base in comparison to their counterparts.

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Artificial Organ Market Regional Insights

North America: U.S., Canada

Europe: U.K., Germany, Rest of Europe

Asia-Pacific: China, Japan, Rest of Asia Pacific

Latin America: Brazil, Mexico, Rest of Latin America

Middle East and Africa: GCC, Rest of MEA

Market size and forecast for these regional and country-level markets are presented in this Artificial Organ market report for the period 2020-2029.

Artificial Organ Market Segmentation:

by Type

Artificial Organs
Kidney
Heart
Lungs
Liver
Pancreas
Artificial Bionics
Cochlear implant
Exoskeleton
Bionic limbs
Vision bionics
Brain bionics

by Technology

Mechanical bionics
Electronic bionics

by Material

Silicone
Plastic
Steel
Biomaterials

by End Users

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

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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)

Key Questions answered in the Artificial Organ Market Report are:

What is Artificial Organ?
What is the CAGR of the Artificial Organ market during the forecast period?
What is the expected Artificial Organ market size by 2030?
Which segment held the largest Artificial Organ market share in 2023?
What is the competitive scenario of the Artificial Organ market?
What are the main factors driving the growth of the Artificial Organ market?
Which region has the maximum Artificial Organ market share?
Who are the major players in the Artificial Organ market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, 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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