Artificial Organs Market Developments Status, Key Players, Share and Outlook

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.

Artificial Organ Market Overview

The report Artificial Organ Market by Maximize Market Research provides detailed overview of the Artificial Organ Market. The Report. Helps to understand the Artificial Organ Market dynamics in detail. Region wise market forecasting & Industry rivalry are the key highlights of the report. The segment insights in the report help to get the knowledge of the Artificial Organ market potential in each segment.

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Artificial Organ Market Report Scope and Research Methodology

The market report includes an in-depth segment-wise and region-wise analysis of drivers, restraints, growth opportunities and upcoming challenges in the Artificial Organ industry. The report helps in planning the Artificial Organ market strategies which are suitable and appropriately applicable according to specific countries and regions. To obtain accurate details of the Artificial Organ industry, both primary and secondary research were employed.

The data has been collected by using primary and secondary research methods to obtain accurate inferences for the Artificial Organ Market report. Primary Data was collected from the experts in the industry. Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Artificial Organ industry along with paid and free databases. To estimate the segment wise, regional and global Artificial Organ Market size, bottom-up approach was used.

Artificial Organ Market Regional Insights

By Region, the Artificial Organ market is categorised into several region including North America, Europe, Asia Pacific, South America and Middle East and Africa. The section highlights the country wise leading markets.

Artificial Organ Market Segmentation

With more than 70.9% of the market, artificial organs segment led the artificial organ market in 2022. Transplant demand for the liver, heart, kidney, and lung is propelling the market's expansion. The usual waiting period for a kidney transplant in the US is 5 years on average. Numerous aspects are taken into consideration while on the waiting list, such as body size, blood type, distance from a donor, and degree of disease. Manufacturers have created wearable artificial kidneys, bio-lungs, and artificial pancreas in an effort to address unmet demand.

Based on technology, Mechanical bionics held a commanding 67.1% share of the market in 2022. This is mainly because mechanical bionics are inexpensive and organ failure is becoming more common. Mechanical prosthetic heart valves are in high demand because they are more durable than alternative solutions. Growth is also being fueled by the FDA's quick approval processes and reimbursement practises. For instance, in September 2021, the FDA authorised Abbott's Portico with FlexNav TAVR system to treat aortic stenosis patients who are at high or very high risk for open-heart surgery and have symptoms. The artificial organ market's electronic bionics segment is anticipated to expand at the fastest rate during the time of the projection.

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Artificial Organ Market Key Players

• Baxter International Inc. (US)
• Boston Scientific Corporation (US)
• ALung Technologies, Inc. (US)
• Zimmer Biomet (US)
• MyLVAD Foundation, LTD (US)
• Abiomed, Inc. (US)
• Cleveland HeartLab, Inc. (US)
• Edwards Lifesciences (US)
• Ekso Bionics Holdings Inc. (US)
• Jarvik Heart Inc. (US)
• SynCardia Systems, LLC (US)
• Abbott Laboratories (US)
• Excorp Medical Inc (US)
• Berlin Heart GmbH (Germany)
• B. Braun Melsungen AG (Germany)
• CEGLA Medizintechnik GmbH (Germany)
• Fresenius Medical Care AG & Co. KGaA (Germany)
• Carmat SA (France)
• Defymed (France)
• Getinge AB (Sweden)
• F. Hoffmann-La Roche AG (Switzerland)
• Medtronic PLC (Ireland)
• Nikkiso Co. Ltd. (Japan)
• Nipro Corporation (Japan)
• Toray Medical Company Limited (Japan)
• Asahi Kasei Medical Co. Ltd (Japan)
• Terumo Corporation (Japan)

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Key questions answered in the Artificial Organ Market are:

• What is Artificial Organ ?
• What are the global trends in the Artificial Organ Market?
• What are the upcoming industry applications and trends for the Artificial Organ Market?
• What is the expected demand for different types of products in the Artificial Organ Market during the forecast period?
• How is the regulatory scenario is shaping the Artificial Organ Market?
• Who are the leading companies and what are their portfolios in Artificial Organ Market?
• What are the major challenges that the Artificial Organ Industry could face in the future?

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Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segment, sub-segment and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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