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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Artificial Organ Market Scope and Methodology:
The report describes the competitive landscape, identifies key competitors and their market positions, and provides an in-depth overview of the Artificial Organ industry. It also covers new product developments and technological trends in the market. Detailed data on revenue, sales volume, and average prices are provided for the entire Artificial Organ market and its sub-segments benefiting companies, new entrants, and industry-related companies in the Artificial Organ market. Artificial Organ Market analysis identifies current market trends that affect growth and potential.
The report includes both qualitative and quantitative research, with a focus on data interpretation, pattern recognition, and deep understanding. Market segments and sectors are studied using a hierarchical approach that examines the strategies of Artificial Organ industry-leading companies. The report also includes information on import/export activities, market dynamics, values, costs, revenue and gross margins.
Artificial Organ Market Regional Insights
In a regional analysis, the Artificial Organ market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Regions are categorized into countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia and South Korea.
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Artificial Organ Market Segmentation
by Type
Artificial Organs
Kidney
Heart
Lungs
Liver
Pancreas
Artificial Bionics
Cochlear implant
Exoskeleton
Bionic limbs
Vision bionics
Brain bionics
With almost 70.9% of the market in 2023, the artificial organs sector led the artificial organ market based on product. The market is expanding due to the demand for liver, kidney, heart, and lung transplants. The median waiting period for a kidney transplant in the US is five years on average. Numerous considerations are considered while on the waiting list, such as body size, blood type, distance from a donor, and the severity of the sickness. Manufacturers have created wearable artificial kidneys, bio-lungs, and artificial pancreas in response to the difficulty of satisfying unmet demand.
by Technology
Mechanical bionics
Electronic bionics
The market was led by mechanical bionics in 2023, with 67.1% of the total. The rising incidence of organ failure and the affordability of mechanical bionics are the main causes of this. There is a significant demand for mechanical prosthetic heart valves since they endure a lot longer than other solutions. Growth is also fueled by the FDA's quick approvals and reimbursement practices. Abbott's Portico with FlexNav TAVR system, for instance, was approved by the FDA in September 2021 to treat patients with aortic stenosis and symptoms who are at high or very high risk of undergoing open heart surgery. The market for artificial organs is anticipated to expand at the quickest rate throughout the projected period in the electronic bionics category.
by Material
Silicone
Plastic
Steel
Biomaterials
by End Users
Hospitals
Ambulatory Surgical Centers
Laboratories and Diagnostic Centers
Research and Academic Institute
Others
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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Key questions answered in the Artificial Organ Market are:
- What is Artificial Organ?
- What was the Artificial Organ market size in 2023?
- What is the growth rate of the Artificial Organ Market?
- Which is the fastest-growing region in 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 growth strategies are the players considering to increase their presence in Artificial Organ?
- What are the upcoming opportunities and trends for the Artificial Organ Market?
- What are the different segments of the Artificial Organ Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Artificial Organ Market?
- What segments are covered in the Artificial Organ Market?
- Who are the key players in the Artificial Organ market?
- Who are the leading companies and what are their portfolios in Artificial Organ Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- 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
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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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