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Booming Artificial Organ Market: Key Players, Market Size($23.78bn to $38.18bn), 9% CAGR, Rising Aging Population, and Upcoming Trends
Booming Artificial Organ Market: Key Players, Market
What Is The Projected Market Size Of The Global Artificial Organ Market And Its Growth Rate?
• The artificial organ market has experienced substantial growth in recent years, jumping from $23.78 billion in 2024 to an estimated $25.93 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.0%.
• This increase is driven by factors such as rising incidence of organ failure, advancements in materials and biocompatibility, research and development investments, and increasing awareness.
• The market is projected to continue its rapid growth, reaching up to $38.18 billion in 2029 with a CAGR of 10.2%, primarily due to trends like growing demand for organ transplants, personalized medicine trends, increased investment in healthcare infrastructure, and increased acceptance and social awareness.
What Is Driving The Growth In The Artificial Organ Market?
The geriatric population's steady increase is a key driving factor for the artificial organ market growth. These are people aged 60 and above who need medical care. Artificial organs provide numerous solutions for health issues like organ failure and other ailments prevalent among the elderly, improving their overall quality of life. According to the World Health Organization, by 2030, 1 in 6 people worldwide will be 60 or older, and this age group's population (2.1 billion) is predicted to double by 2050. Hence, the growing geriatric population will propel the artificial organ market's growth.
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Who Are the Key Players Driving Artificial Organ Market Growth?
The key players in this market include:
• Medtronic plc
• Boston Scientific Services Private Limited
• Abbott Laboratories Inc.
• Zimmer Biomet Holdings Inc.
• Ekso Bionics Holdings Inc.
• Cochlear Limited
• Cyberonics Inc.
• LIVANOVA plc
• NeuroPace Inc.
• Ossur India Private Limited
• Vivani Medical Inc.
What Are The Key Trends In The Artificial Organ Market?
• Regulatory landscape
• Increasing investment in the field
• Personalized medicine becoming more prevalent
• Integration of AI and machine learning
• Growing global collaboration.
What Are The Segments Of The Global Artificial Organ Market?
• By Organ Type: Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Other Organ Types
• By Material: Silicone, Plastic, Steel, Biomaterials
• By Fixation: Implantable, External
• By End Users: Hospitals, Ambulatory Surgical Centers, Laboratories And Diagnostic Centers, Research And Academic Institute, Other End Users
Which Region Leads The Artificial Organ Market?
In 2024, North America was the largest region for the artificial organ market. However, Asia-Pacific is predicted to be the fastest-growing region in the upcoming years. The artificial organ market report covers numerous regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Artificial Organ Market Global Market Report?
- Market Size Analysis: Analyze the Artificial Organ Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Organ Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Organ Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Organ Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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