The global Artificial Organs market size is estimated at 63.1 billion USD with a CAGR of 6.7% during the forecasted period from 2021-2028.
Synthetic implants that are integrated in human body to mimic the function of an original organ is known as an artificial organ. In cases when an organ in the body is damaged due to some injury or diseases then transplantation of that organ becomes necessary.
The key factors driving the growth of Artificial Organs market is attributed to increase in chronic disease, large geriatric pool, and growing acceptance rate of organ transplant. Also, growing incidences of road accidents and lack of organ donors is surging the demand for artificial organs ultimately uplifting the market growth.
In addition, ever increasing research & development activities along with technical innovations is creating lucrative growth opportunities in the market during the forecast period. Furthermore, mergers among prominent players to speed the development of products is fostering the market size.
Moreover, spending capacity along with favorable reimbursement policies especially in developed countries is significantly impacting the market size.
On the other hand, factors such as high cost, lack of skilled professionals, and risk of side effects of transplant are assessed to limit the growth of Artificial Organs market.
Artificial Organs Market Research Objective
â¢ To define the scope and simplify the research study based on organ type, technology, method of fixation, and region.
â¢ Estimate the current market size and forecast the same for the period (2017-2025).
â¢ Market share by revenue for each segment and region analyzed.
â¢ To provide insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the forecast period.
â¢ Micro and macro level analysis of the market to elucidate lucrative investment opportunities.
â¢ Porterâs five forces analysis to deliver a comprehensive buyer-seller scenario and the state of business environment.
â¢ Identification of the artificial organ market trends in current scenario and its growth indicators.
â¢ Benchmarking leading vendors in the artificial organ industry based on their strategic attempts, financial status, and other internal and external parameters.
Artificial Organs Market Segmentation
By Organ type
â¢ Artificial heart
â¢ Artificial liver
â¢ Artificial kidney
â¢ Artificial limbs
â¢ Artificial pancreas
â¢ Artificial lungs
â¢ Others (ear, eye, thymus, ovaries, trachea)
By Method of Fixation
â¢ Externally Worn
Artificial Organs Market By Region
â¢ North America
â¢ Rest of the World
For this specific report, we offer 20% of free customization in order to deliver a tailored research report that specifically covers areas of clientâs interest in the artificial organ market. Following are some most desired customization offers on this report:
â¢ Split of the regional market into specific countries as per clientâs research requirements.
â¢ Further breakdown of the major segments into sub-segments (as per request).
Vendor Profile Customization
â¢ Further exhaustive analysis of additional companies operating in the market as per request.
â¢ Research report on artificial organ market covering specific country/region only.
â¢ Requests for data tables only (specific requirement to quantitative research).