Artificial Organ Market size was valued at USD 28.6 Bn. in 2022 and the total market revenue is expected to grow by 10 % from 2023 to 2029, reaching nearly USD 55.73 Bn.

Artificial Organ Market Overview

Maximize Market research, a global market research firm, has market research report on Artificial Organ Market.  The report on Artificial Organ Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Artificial Organ market growth.

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Artificial Organ Market Report Scope and Research Methodology

The report has analysed the Artificial Organ Market based on various factors such as region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. The analysis has focused on both new entrants and existing players in the market to provide a comprehensive view of growth prospects and future business outlooks. The report's goal is to act as a guide for stakeholders, investors, market players, followers, and new entrants by providing an overall view of the Artificial Organ market to formulate investment approaches and marketing tactics.

The analysis covers various aspects of the market, including region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. Additionally, the report conducts research on new entrants and existing players in the Artificial Organ market to identify their growth prospects and future business outlook.

Artificial Organ Market Regional Insights

The report provides a comprehensive regional overview, analysing the factors that drive growth, limitations, future opportunities, and industry competition across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report identifies the leading countries in each region and provides an individual market forecast for each of them.

Market Segmentation

With more than 70.9% of the market, artificial organs segment led the artificial organ market in 2022. Transplant demand for the liver, heart, kidney, and lung is propelling the market's expansion. The usual waiting period for a kidney transplant in the US is 5 years on average. Numerous aspects are taken into consideration while on the waiting list, such as body size, blood type, distance from a donor, and degree of disease. Manufacturers have created wearable artificial kidneys, bio-lungs, and artificial pancreas in an effort to address unmet demand.

Based on technology, Mechanical bionics held a commanding 67.1% share of the market in 2022. This is mainly because mechanical bionics are inexpensive and organ failure is becoming more common. Mechanical prosthetic heart valves are in high demand because they are more durable than alternative solutions. Growth is also being fueled by the FDA's quick approval processes and reimbursement practises. For instance, in September 2021, the FDA authorised Abbott's Portico with FlexNav TAVR system to treat aortic stenosis patients who are at high or very high risk for open-heart surgery and have symptoms. The artificial organ market's electronic bionics segment is anticipated to expand at the fastest rate during the time of the projection.

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Artificial Organ Market Key Players

• Baxter International Inc. (US)
• Boston Scientific Corporation (US)
• ALung Technologies, Inc. (US)
• Zimmer Biomet (US)
• MyLVAD Foundation, LTD (US)
• Abiomed, Inc. (US)
• Cleveland HeartLab, Inc. (US)
• Edwards Lifesciences (US)
• Ekso Bionics Holdings Inc. (US)
• Jarvik Heart Inc. (US)
• SynCardia Systems, LLC (US)
• Abbott Laboratories (US)
• Excorp Medical Inc (US)
• Berlin Heart GmbH (Germany)
• B. Braun Melsungen AG (Germany)
• CEGLA Medizintechnik GmbH (Germany)
• Fresenius Medical Care AG & Co. KGaA (Germany)
• Carmat SA (France)
• Defymed (France)
• Getinge AB (Sweden)
• F. Hoffmann-La Roche AG (Switzerland)
• Medtronic PLC (Ireland)
• Nikkiso Co. Ltd. (Japan)
• Nipro Corporation (Japan)
• Toray Medical Company Limited (Japan)
• Asahi Kasei Medical Co. Ltd (Japan)
• Terumo Corporation (Japan)

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Key questions answered in the Artificial Organ Market are:

• What is Artificial Organ?
• What are the factors driving the Artificial Organ Market growth?
• What are the main challenges the Artificial Organ Market growth?
• What was the Artificial Organ market size in 2021?
• Which trends are expected to generate additional revenue for the Artificial Organ market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Artificial Organ Market?
• What growth strategies are the players considering to increase their foothold in the Artificial Organ Market?
• Who held the largest market share in the Artificial Organ Market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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