Artificial Organ Market Poised to Hit $37.63 Billion by 2029 with Accelerating Growth Trends

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Artificial Organ Market Size Growth Forecast: What to Expect by 2025?
The market size for artificial organs has significantly expanded in the recent past. A projected growth from $23.78 billion in 2024 to $25.73 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%, is expected. The historical growth of the market has been bolstered by factors such as escalated rates of organ failure, demographic aging, advancements in material technology and biocompatibility, commitment to research and development, and an increase in public awareness.

How Will the Artificial Organ Market Size Evolve and Grow by 2029?
The market size of artificial organs is predicted to experience robust expansion in the upcoming years, with growth estimated to reach $37.63 billion in 2029, showcasing a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this growth during the forecast period include a rising need for organ transplants, broadening of indications, trends towards personalized medicine, heightened investment in healthcare infrastructure, along with improved acceptance and understanding within society. The key trends anticipated for the forecast period involve regulatory changes, increased investment, personalized medicine, incorporation of artificial intelligence and machine learning, along with international cooperation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/artificial-organ-global-market-report

What Drivers Are Propelling the Growth of Artificial Organ Market Forward?
The growth of the artificial organ market is anticipated to be driven by the increasing elderly population. This group, defined as individuals above 60 years requiring medical assistance, can significantly benefit from artificial organs. These technological breakthroughs can address common health challenges such as organ failure that are often experienced by senior citizens, thereby enhancing their overall well-being. To illustrate, the World Health Organization, a Switzerland-based health-specialized agency, projected in October 2022 that by 2030, one out of every six people globally will be 60 or older. Furthermore, the statistics indicated a doubling in the population of this age group (to 2.1 billion) by 2050. Consequently, the escalating geriatric population is expected to stimulate the artificial organ market's growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9430&type=smp

What Are the Key Trends Driving Artificial Organ Market Growth?
In the artificial organ industry, primary corporations are utilizing a strategic partnership model to incorporate advanced technology and broaden their market presence. Typically, strategic partnerships entail a cooperative alliance between multiple organizations pooling their resources, know-how, and initiatives to meet shared aims or ambitions. For example, in December 2022, 3D-printed prosthetic legs manufacturer Instalimb, located in Japan, initiated a partnership with the prestigious Jaipur Foot, a company based in India specializing in orthotics and prosthetics. This collaboration aims to apply sophisticated 3D printing and machine learning (AI) technology to produce affordable yet superior prosthetics and orthotics for a global patient base. Instalimb, through this alliance, will supply its 3D-printed sockets to the Jaipur Foot Organization, who will then adapt them for their clients.

What Are the Key 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9430&type=smp

Who Are the Key Players Shaping the Artificial Organ Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Artificial Organ Market?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9430

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.