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Artificial Organ Bank Market: Number of people waiting for organ transplantation are the main factors responsible to drive the market
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An artificial organ is a human made device or machine which is inserted into human being to substitute the natural organ which is damaged, for the purpose of restoring the functions related to it, so that the patient may return to his normal life as early as possibleThe special materials used to develop artificial organs are biomaterials which are accepted by our body.
Artificial organ bank market is segmented into four types artificial organs (product type), technology, bionics and geography. The artificial organ market includes organs such as kidney, heart, liver, pancreas, blood vessels, eyes and ears.Heart and Kidney are the most developed and widely used artificial organs.Technology is segmented into electrical and mechanical. The market for bionics can be classified into vision bionic, ear bionic, cardiac bionic, brain bionic and bionic limbs.On the basis of the geography, the artificial organ market can be segmented into North America), Europe, Asia Pacific, Latin America and Rest of the World. North America dominates the market followed by the European region.
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The increasing number of dialysis,renal failure due to faulty lifestyle, rapid aging population and disorders, increase in the number of accidents, increase in the number of people waiting for organ transplantation are the main factors responsible to drive the market. The various technological development in artificial organ, scientist are carrying out various studies on biofuel cells which can utilize the glucose and oxygen from human body to generate electricity. These factors create an opportunity for artificial organ market. Theinadequate battery life, regulatory requirements of an artificial organ, high pricing of these products to the patients. Also the patient with the artificial organ cannot undergo other medical examination due to the magnetic reaction between the artificial organ and metal takes place. All these factors are responsible for hampering the growth of global artificial organ bank market
Some of the major players in the artificial organ bank market are ABIOMED, Inc., Thoratec Corporation, Biomet Inc., Asahi Kasei Medical Co., Ltd., HeartWare, Inc.and Berlin Heart GmbH.
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