Press release
Artificial Organ Market is set to Witness Huge Demand at a CAGR of 5.15% during the Forecast Period 2029
Industry Analysis
More than 650,000 patients, per year, in the United States and an estimated 2 million patients worldwide are affected by end-stage renal disease (ESRD). Those who live with end-stage renal disease (ESRD) make only 1% of the medicare-covered population, but account for 7% of the medicare budget. The number of patients in the United States diagnosed with end-stage renal disease (ESRD) is increasing by 5% each year. Mortality rates vary depending on the end-stage renal disease (ESRD) treatment. After one year of treatment, those on dialysis have a 20-25% mortality rate, with a five-year survival rate of 35%. People who receive transplants have a 3% mortality rate after five years.
An artificial organ is a medical device that is implanted or integrated into the body to replicate or augment the natural function of the organ. As per the scope of the report, artificial organs include implantable devices, such as fully artificial hearts and pacemakers, along with organ support machines, such as dialysis and extracorporeal membrane oxygenation (ECMO) machines.
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