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Artificial Organ Market 2023 - Industry Growth, Market Size, Share, Key Drivers, Top Major Players And Forecast To 2032
Artificial Organ Market Analysis
Artificial Organ Market Size, Growth Rate, And Forecast
The global artificial organ market size is expected to grow from $20.37 billion in 2022 to $22.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global artificial organ market size is expected to grow to $31.00 billion in 2027 at a CAGR of 8.7%.
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Artificial Organ Market Drivers
The rising geriatric population is expected to propel the growth of the artificial organ market going forward. The geriatric population refers to the population of people of 60 years and above requiring medical care. Artificial organs have the potential to significantly help the elderly in a variety of ways such as providing solutions to health problems like organ failure that elderly people face to improve their quality of life.
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Artificial Organ Market Segments
1) By Organ Type: Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Other Organ Types
2) By Material: Silicone, Plastic, Steel, Biomaterials
3) By Fixation: Implantable, External
4) By End Users: Hospitals, Ambulatory Surgical Centers, Laboratories And Diagnostic Centers, Research And Academic Institute, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the artificial organ market.
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Artificial Organ Market Key Players
Major competitors in the artificial organ market include Medtronic PLC., Abbott Laboratories Ltd., ABIOMED Inc., Berlin Heart Gmbh, Boston Scientific Corporation, Edward Lifesciences Corporation, Jarvik Heart Inc., Baxter International Inc.
The Business Research Company's "Global Artificial Organ Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Artificial Organ Market Include:
1. Executive Summary
2. Artificial Organ Market Characteristics
3. Artificial Organ Market Trends And Strategies
4. Artificial Organ Market - Macro Economic Scenario
5. Artificial Organ Market Size And Growth
.........
26. Africa Artificial Organ Market
27. Artificial Organ Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Organ Market
29. Artificial Organ Market Future Outlook and Potential Analysis
30. Appendix
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