Artificial Organ Market Analysis and Key Drivers for 2030

Posted 2024-09-25 12:16:50

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 thorough market analysis provides comprehensive information on important factors that are expected to drive market growth and potential challenges that may hinder it going forward. As well as the investment opportunities in the Artificial Organ industry, the report provides a thorough analysis of the competitive landscape and the variety of products provided by top firms. The study has also examined the characteristics of the sector, in qualitative and quantitative terms.

The study provides a comprehensive overview of the main classifications and several sub-classifications. Information for the Artificial Organ Market was collected from both main and additional sources. Primary sources of research consist of press releases, annual reports, government websites, and input from industry professionals, analysts, experts, and researchers from different organizations. Additional sources of information have been discovered within the economic, social, political, and market landscapes. Merging these two sources of data provides a brief summary outlining crucial actions to enhance expansion. An assessment was carried out to identify the strengths and weaknesses of the Artificial Organ sector through a SWOT analysis, while a PESTLE analysis was used to assess the impact of micro-economic factors on the Artificial Organ market.

Artificial Organ Market Regional Insights

The report comprehensively analyzes various factors like market size, growth rate, and regional import and export. The report's regional analysis examines the existing market conditions in various countries. The Artificial Organ industry is clearly segmented into areas such as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

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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 share, the artificial organs segment led the artificial organ market in 2023 based on product. The segment's expansion is being driven by the need for transplants of the kidney, heart, lung, and liver. The usual waiting period in the US is five years on average for a kidney transplant. Numerous considerations are considered while on the waiting list, including as the severity of the sickness, body size, blood type, and distance from a donor. The difficulty in satisfying unmet demand has led to the development of wearable artificial kidneys, bio-lungs, and artificial pancreas by manufacturers.

by Technology

Mechanical bionics
Electronic bionics

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. For instance, in September 2021, the FDA authorized Abbott's Portico with FlexNav TAVR system to treat aortic stenosis patients who are symptomatic and at a very high risk of requiring open heart surgery. In the artificial organ market, the electronic bionics segment is anticipated to grow at the quickest rate over the forecast period.

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)

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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?

Who are the leading companies and what are their portfolios in Artificial Organ Market?

Which is the fastest growing region in the ##market?

What are the different segments of the Artificial Organ Market?

What segments are covered in the Artificial Organ Market?

Who are the key players in the Artificial Organ market?

Which are the factors expected to drive the Artificial Organ market growth?

What is the CAGR at which the ## market will grow during the forecast period?

What are the upcoming opportunities and trends for 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 growth strategies are the players considering to increase their presence in Artificial Organ?

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

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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