Global Artificial Organ And Bionics Market Size Is Projected To Surpass US$ 53.8 Billion By 2027
The global Artificial Organ And Bionics market size is expected to be worth around US$ 53.8 billion by 2027, according to a new report by Vision Research Reports.
The global Artificial Organ And Bionics market size was valued at US$ 25.8 billion in 2019 and is anticipated to grow at a CAGR of 9.5 % during forecast period 2020 to 2027.
The key drivers of the market for artificial organ and bionics are increasing number of transplants coupled with rising number of people waiting for donors. According to the Human Resource and Services Administration (HRSA), there are more than 112,000 people on the national waiting list in 2020 in U.S. According to the HRSA report, in every 10 minutes a person is added to the transplant waiting list in the U.S., thereby, increasing the demand for the artificial medical devices.
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Growing incidence of organ failure has resulted in massive growth in the human made organ and bionics devices. Rising demand for donors to transplant kidney, heart, lungs, liver, and pancreas is a major factor boosting market growth. Moreover, many biotechnology and medical device companies have begun to concentrate on the development of 3D printed bionic. These devices use myoelectric technology and sensory electric technology that enables mobility of synthetic human body parts.
Increasing number of product launches and speedy FDA approval of these devices are bridging the shortage of donors. Rising R&D in the field of synthetic human body parts is also boosting growth. For instance, February 2020, the U.S. FDA approved Carmat’s early feasibility study of its artificial heart.
- Artificial organs segment was the largest revenue-generating amongst others due to escalating number of transplant procedures
- The bionics segment is also expected to witness the highest CAGR owing to advancement in products
- The kidney segment accounted for the largest market share of approximately 57.0% in the year 2019
- The cochlear implant segment is expected to register highest growth rate owing to increasing geriatric population
- Zimmer Biomet
- ABIOMED, INC
- Berlin Heart Gmbh
- Biomet, Inc
- Boston Scientific Corporation
- Edward Lifesciences Corporation
- Ekso Bionics
- Heartware International, Inc
- Iwalk, Inc.
- Jarvik Heart, Inc.
- SynCardia Systems, LLC.
Artificial Organ And Bionics Product Outlook
- Artificial Organs
- Artificial Bionics
- Cochlear implant
- Bionic limbs
- Vision bionics
- Brain bionics
Artificial Organ And Bionics Technology Outlook
- Mechanical bionics
- Electronic bionics
Artificial Organ And Bionics Regional Outlook
- North America
- Asia Pacific
- South Korea
- Latin America
- South Africa
- Saudi Arabia
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The Artificial Organ And Bionics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Artificial Organ And Bionics market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Artificial Organ And Bionics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Artificial Organ And Bionics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Artificial Organ And Bionics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Artificial Organ And Bionics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Artificial Organ And Bionics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Artificial Organ And Bionics market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Artificial Organ And Bionics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Artificial Organ And Bionics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Artificial Organ And Bionics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Artificial Organ And Bionics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Artificial Organ And Bionics market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Artificial Organ And Bionics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new...
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