Press release
Artificial Vital Organs and Medical Bionics Industry: A Decade of Progress in Organ Replacement (2023-2033)
Market growth for medical bionics and artificial vital organs is anticipated to increase from US$ 46.4 billion in 2022 to US$ 107.4 billion in 2032. Previously, the market expanded faster, 9.6% year from 2015 to 2021, reaching a peak of US$ 42.4 billion in that year.
The global market for artificial vital organs and medical bionics is expected to witness a significant surge in demand in the forecast period from 2023 to 2033. The advancements in medical technology and the increasing prevalence of chronic diseases are driving the transformation of healthcare solutions through the development and adoption of artificial vital organs and medical bionics. These innovative technologies are revolutionizing the field of healthcare by offering life-saving and life-enhancing options to patients with organ failure and disabilities.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/33106
Artificial vital organs are designed to replace or support the functionality of failing organs in the human body. These devices, such as artificial hearts, lungs, kidneys, and liver, provide critical support to patients awaiting organ transplants or who are not eligible for transplantation. The medical bionics field focuses on the development of implantable devices or systems that restore or enhance the functionality of impaired or lost body parts, including limbs, eyes, ears, and neural systems. These technologies have the potential to improve the quality of life for individuals with disabilities or those who have lost their natural bodily functions.
The growing prevalence of chronic diseases, such as cardiovascular diseases, respiratory disorders, renal failure, and neurological disorders, is a major driving factor for the artificial vital organs and medical bionics market. These conditions often result in organ failure or loss of functionality, significantly impacting patients' health and well-being. The demand for artificial vital organs and medical bionics is rising as healthcare providers strive to offer effective treatment options and improve patients' quality of life. Additionally, the aging population, coupled with the increasing incidence of age-related diseases, is further contributing to the market's growth.
Technological advancements play a pivotal role in the development of artificial vital organs and medical bionics. Innovations in materials, miniaturization, sensors, and biocompatibility have led to the creation of more sophisticated and efficient devices. The integration of artificial intelligence and machine learning technologies has further enhanced the performance and functionality of these devices, enabling better patient outcomes and personalized treatment approaches. The continuous research and development activities in this field are driving the expansion of the artificial vital organs and medical bionics market.
For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/33106
The adoption of artificial vital organs and medical bionics is expected to increase as healthcare systems recognize the potential of these technologies in addressing the unmet needs of patients with organ failure or disabilities. The market is witnessing collaborations between healthcare institutions, research organizations, and industry players to accelerate the development and commercialization of these innovative solutions. Furthermore, favorable reimbursement policies and increased awareness among healthcare professionals and patients are driving the market's growth. As the demand for advanced healthcare solutions continues to rise, the artificial vital organs and medical bionics market is anticipated to experience significant expansion in the coming years.
Companies Covered in This Report -
• SynCardia Systems, LLC
• BiVACOR
• CARMAT
• Cleveland Heart
• Jarvik Heart
• MyLVAD
• Thoratec Corporation
• Abbott Diabetes
• Asahi Kasei Medical Co. Ltd.
• Edwards Lifesciences Corporation
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/33106
Key Segments
By Type
• Artificial Vital Organs
• Medical Bionics
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial Vital Organs and Medical Bionics Industry: A Decade of Progress in Organ Replacement (2023-2033) here
News-ID: 3169768 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Artificial
Artificial Intelligence or Artificial Soul by Denise White
Author Denise White exposes the subtle societal forces shaping young minds and offers profound wisdom to help children develop resilience against artificial influences.
As artificial intelligence continues to permeate every aspect of modern life, from self-driving cars to virtual assistants, a critical question arises: Are we sacrificing our authenticity and human essence for the sake of technological advancement? In her latest book, Guarding the Child's Imagination , author Denise White sheds…
Artificial Neural Network Software Market: Advancements in Artificial Neural Net …
The Report on "Artificial Neural Network Software Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
Market Growth of Artificial Neural Network Software Market: The artificial neural network software market is experiencing robust growth as organizations across various industries increasingly leverage AI-driven solutions to enhance decision-making, automate processes, and gain actionable insights from…
Global Artificial Intelligence Market, Global Artificial Intelligence Industry, …
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA Corporation, Samsung Electronics Co.Ltd, and Micro Strategy Inc.
The Global Artificial Intelligence Market is expected to grow from USD 28.42 billion in 2019 to USD 40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to…
Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and For …
The global Artificial Iris Market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes…
Global Artificial Organs Market Facts, Figures and Analytical Insights, 2018 to …
Artificial Organs Market Introduction
Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs.
Artificial organs are surgically implanted or are extra…
Artificial Kidney Market Report 2018: Segmentation by Type (Wearable Artificial …
Global Artificial Kidney market research report provides company profile for Medtronic, DaVita, Merit Medical Systems, NIPRO Medical Corporation, Nikkiso, B. Braun Melsungen AG, Kawasumi Laboratories, Fresenius, Baxter, Asahi Kasei Medical, Xcorporeal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
