Press release
2025-2034 Artificial Organ Market Roadmap: Insights for Competitive Advantage
Artificial Organ
How Large Will the Artificial Organ Market Size By 2025?
In recent years, the market size for artificial organs has seen robust growth. An expansion from $23.78 billion in 2024 to $25.93 billion in 2025 is expected, projecting a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be traced back to increased instances of organ failure, a growing elderly population, advancements in materials and biocompatibility, investment in research and development, and heightened awareness.
How Big Is the Artificial Organ Market Size Expected to Grow by 2029?
In the coming years, the artificial organ market is projected to witness a swift expansion, with its size predicted to reach $38.18 billion in 2029 based on a compound annual growth rate (CAGR) of 10.2%. The growth during this forecast period is likely to come from an increased need for organ transplants, broader indications, growing trends in personalized medicine, heightened investment in health infrastructure, as well as improved acceptance and societal awareness. Key trends for the forecast period encompass changes in regulatory landscape, augmenting investment, rise in personalized medicine, incorporation of AI and machine learning, and worldwide collaborations.
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Which Key Market Drivers Powering Artificial Organ Market Expansion and Growth?
The artificial organ market is poised for growth, driven by the increase in the elderly population. This refers to individuals aged 60 and above who need medical care. Artificial organs can make significant impacts on the health of the elderly population by presenting solutions for health issues common in this age group such as organ failure, thus enhancing their quality of life. The World Health Organization, a health agency rooted in Switzerland, reported in October 2022 that by 2030 one in every six people globally will be 60 or older. This demographic is expected to double by 2050, reaching 2.1 billion. Consequently, the swelling numbers of the elderly population will steer the growth of the artificial organ market.
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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Organ Market?
In the artificial organ marketplace, it is increasingly common for prominent businesses to engage in strategic alliances as a method to augment technological assimilation and extend their market footprint. A strategic partnership is basically a symbiotic association involving at least two organizations pooling their resources, skills and endeavors to attain shared goals. For instance, in December 2022, Instalimb, a firm specializing in manufacturing 3D prosthetic legs based in Japan, engaged in a notable collaboration with Jaipur Foot, an Indian company known for its orthotics and prosthetics. The intent of this alliance is to employ avant-garde 3D printing along with machine learning (AI) to generate affordable yet top-notch prosthetics and orthotics for a global patient population. The arrangement entails Instalimb to supply their 3D printed sockets to the Jaipur Foot Organization, who would then adjust them to suit their patients.
What Are the Emerging Segments in the Artificial Organ Market?
The artificial organ market covered in this report is segmented -
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
Subsegments:
1) By Artificial Heart: Total Artificial Heart, Ventricular Assist Devices (VADs)
2) By Artificial Kidney: Hemodialysis Systems, Peritoneal Dialysis Devices
3) By Artificial Liver: Bioartificial Liver Devices, Liver Support Systems
4) By Artificial Pancreas: Closed-Loop Insulin Delivery Systems, Bionic Pancreas Systems
5) By Other Organ Types: Artificial Lungs, Artificial Skin, Bionic Eyes
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Who Are the Global Leaders in the Artificial Organ Market?
Major companies operating in the artificial organ 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., St Jude Medical India Private Limited, LifeNet Health Inc., Ottobock SE & Co. KGaA, Edwards Lifesciences India Pvt. Ltd., SynCardia Systems LLC, Demant A/S, Berlin Heart GmbH, Conmed Devices Private Limited, Wright Medical Group N.V., Baxter International Inc., B. Braun Melsungen AG, ABIOMED Inc., Carmat SA, Jarvik Heart Inc., Terumo Corporation, F. Hoffmann-La Roche Ltd., Tissium SAS, Organovo Holdings Inc., Satellite Bio, HeartWare plc, Arthrex Inc., Novartis AG, Stryker Corporation
Which are the Top Profitable Regional Markets for the Artificial Organ Industry?
North America was the largest region in the artificial organ market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial organ market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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