Artificial Organ Market Analysis and Growth Prospects

Artificial Organ Market size was valued at USD 28.6 Bn. in 2022 and the total market revenue is expected to grow by 10 % from 2023 to 2029, reaching nearly USD 55.73 Bn.

Artificial Organ Market Report Scope and Research Methodology

Report Scope: The report offers a quantitative analysis of market size, pricing, mergers and acquisitions, demand, supply chain, investments, and expansion plans by key competitors. It also includes a comprehensive Porter's five forces analysis to explain how supplier-buyer networks are formed and profit-driven decisions are made. The report assesses the current potential of the Artificial Organ Market through detailed analysis and segmentation, providing investors with critical insights into the industry's future.

Research Methodology: The research methodology includes quantitative analysis, segmentation, and scenario analysis, providing historical and projected market figures. The report thoroughly examines key competitors, categorizing them as market leaders, followers, or new entrants. It offers strategic profiles of top market participants, evaluating their core competencies and company-specific plans for product launches, growth, partnerships, joint ventures, and acquisitions.

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What are Artificial Organ Market Dynamics?

The Artificial Organ Market is driven by technological advancements, including bioartificial organ manufacturing, standardization, and automation. Rising cases of organ failure due to infections, cardiovascular diseases, and trauma are increasing the demand for artificial organs. The market also helps alleviate donor organ shortages, as highlighted by the American Transplant Foundation.

Artificial Organ Market Segmentation:

With more than 70.9% of the market, artificial organs segment led the artificial organ market in 2022. Transplant demand for the liver, heart, kidney, and lung is propelling the market's expansion. The usual waiting period for a kidney transplant in the US is 5 years on average. Numerous aspects are taken into consideration while on the waiting list, such as body size, blood type, distance from a donor, and degree of disease. Manufacturers have created wearable artificial kidneys, bio-lungs, and artificial pancreas in an effort to address unmet demand.

Based on technology, Mechanical bionics held a commanding 67.1% share of the market in 2022. This is mainly because mechanical bionics are inexpensive and organ failure is becoming more common. Mechanical prosthetic heart valves are in high demand because they are more durable than other solutions. Growth is also being fueled by the FDA's quick approval processes and reimbursement practices. For instance, in September 2021, the FDA authorized Abbott's Portico with FlexNav TAVR system to treat aortic stenosis patients who are at high or very high risk for open-heart surgery and have symptoms. The artificial organ market's electronic bionics sector is anticipated to expand at the quickest rate over the time of the projection.

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Who are 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)
11.SynCardia Systems, LLC (US)
12.Abbott Laboratories (US)
13.Excorp Medical Inc (US)
14.Berlin Heart GmbH (Germany)
15.B. Braun Melsungen AG (Germany)

Table of Content: Artificial Organ Market

Part 01: Executive Summary

Part 02: Scope of the Artificial Organ Market Report

Part 03: Global Artificial Organ Market Landscape

Part 04: Global Artificial Organ Market Sizing

Part 05: Global Artificial Organ Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Dominates the Artificial Organ Market due to the rising prevalence of chronic diseases and increasing adoption of technologies. The United States is a significant contributor, with a growing need for artificial heart devices.
South America: Experiencing growth in demand for artificial organs, especially in Brazil and Argentina, due to the increasing demand for carbohydrate and protein enhancing solutions in animal feed.
Europe: Showing significant growth potential, with Germany using artificial organs in healthcare and cosmetics.
Asia Pacific: Seeing increasing demand, with a focus on 3D bioprinting and artificial intelligence for personalized assessments of organ and donor suitability.
Middle East & Africa: Facing logistical and financial challenges but expected to show growth with rising product launches and government support.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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

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