Artificial Organ Market

The Artificial Organ Market was valued at USD 31.46 billion in 2023 and is projected to grow at a CAGR of 10% from 2024 to 2030, reaching approximately USD 61.30 billion. Artificial organs, including mechanical and electronic bionics, are engineered to replicate human organ functions and are increasingly utilized due to advancements in technology and the rising demand for organ transplants.

Artificial Organ Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Artificial Organ Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Artificial Organ market,with forecasts outspreading to the year 2030.

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Market Dynamics

Growth Drivers

Technological Innovations: Innovations such as bioartificial organ manufacturing, 3D bioprinting, and artificial intelligence are significantly enhancing the efficiency and acceptance rates of artificial organs.
Rising Demand for Organ Transplants: With around 114,000 people on organ transplant waiting lists and a high mortality rate due to organ shortages, artificial organs offer a vital solution.
Increased Incidence of Organ Failure: The prevalence of diseases like sepsis, cardiovascular diseases, and diabetes drives the need for organ transplants, propelling the market growth.


Artificial Organ Market Segmentation :

Ethylenediamine Tetraacetic Acid (EDTA), Diethylenetriamine Pentaacetic Acid or Pentetic Acid (DTPA), Ethylenediamine-N, N'- Bis (2-Hydroxyphenylacetic Acid) (EDDHA), and Others are the segments of the chelates market based on type. During the projected period, the EDTA agricultural chelates segment is expected to experience the highest compound annual growth rate. The elements that are responsible for the high plant absorption of micronutrients and their potent binding capacity when combined with vital micronutrients such as iron (Fe), zinc (Zn), copper (Cu), and manganese (Mn) enhance crop development, which in turn accelerates the market for this particular segment.

With 67.1% of the market share in 2023, 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 solutions, mechanical artificial heart valves are in high demand. Fast FDA approvals and reimbursement practices are other growth-promoting elements.

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)

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List of Contents : Artificial Organ Market
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

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Key questions answered in the Artificial Organ Market are:

Which is the fastest growing region in the Artificial Organ Market?
What is the growth rate of the Artificial Organ Market?
What are the upcoming opportunities and trends for the Artificial Organ Market?
What segments are covered in the Artificial Organ Market?
What are the recent industry treACnds that can be implemented to generate additional revenue streams for the Artificial Organ Market?
Which are the factors expected to drive the Artificial Organ Market growth?
What is the CAGR at which the Artificial Organ market will grow during the forecast period?
What are the different segments of the Artificial Organ Market?
What is Artificial Organ ?
What growth strategies are the players considering to increase their presence in Artificial Organ ?
Who are the leading companies and what are their portfolios in Artificial Organ Market?
Who are the key players in the Artificial Organ market?
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About Maximize Market Research:

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