Artificial Organ and Bionics Market, Product (Artificial Organs [Kidney, Heart, Lungs, Liver, Pancreas], Artificial Bionics [Cochlear implant, Exoskeleton, Bionic limbs, Vision bionics, Brain bionics], Technology (Mechanical bionics, Electronic bionics]), By Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) – Market Size & Forecasting To 2030

The Global Artificial Organ and Bionics Market size is valued at USD XX.XX billion in 2021 and is estimated to reach USD XX.XX billion in 2030, reaching a CAGR of xx.xx% over the forecast period. The increase in the number of transplants with an increasing number of people waiting for donors is the key factor driving the overall growth of the market. The number of aged 65 years of age receiving and seeking organ transplants is rising significantly.  So, the increasing number of geriatric populations is responsible for major demand creation for organ implants.

Artificial organ and bionics implants are produced artificially engineered medical devices, which are externally worn. Artificial organs are the substitute to the original organs and are implanted in the body if the body organs fail to operate or if any organs get damaged by any other external factors such as accident. Certain factors which are responsible for the organ failure are the drug abuse, excessive blood loss, acute diseases, and serious trauma.

Latest Trends

As per the report presented by the Human Resource and Services Administration (HRSA), there are more than 110000 individuals on the national waiting list in the year 2020 in the United States. According to the report a person is added to the transparent waiting list in every 10 minutes, which is increasing the demand for the artificial medical equipment.

QMI

Driving Factors

Technological development in the healthcare sector as well as the availability of advanced artificial support systems are estimated to witness huge demand for the artificial organs as well as bionics implants. The increasing number of geriatric populations is getting artificial organ transplant at a very high rate is driving the growth of the market.

Restraining Factors

Certain costs which are involved with the manufacturing of devices makes it extremely difficult for the middle-class people as well as individuals in the developing countries. This factor is going to hamper the overall growth of the market. Certain reimbursement policies are uncertain and difficult, which make it extremely difficult for the people to afford artificial organ and bionics.

Segmentation

By Product Analysis

Kidney Segment Is Dominating the Market

Based on the product, the global artificial organ and bionics market is segmented into Artificial Organs, which is further sub-segmented into kidney, heart, lungs, liver, and pancreas. Among these the increasing demand for the kidneys is contributing to the overall growth of the market. Apart from this for replacement of kidneys, many criteria are taken into consideration, and they are extremely difficult for fulfilling in a bionic way. So many key industry players have started for manufacturing artificial organs.

By Artificial Bionics Analysis

Cochlear Implant Holds the Largest Market Share

Based on artificial bionics analysis, the market is segmented into cochlear implant, exoskeleton, bionic limbs, vision bionics and brain bionics. Among these, cochlear implant is contributing to the overall growth of the market owing to increasing demand for product. Moreover, the favourable reimbursement policies as well as fast track FDA approval for the implants are augmenting the growth of the market for artificial organ and bionics.

By Technology Analysis

Mechanical bionics segment is dominating the market

Based on the technology analysis, the market is segmented into mechanical bionics and electronical bionics. Among these, the mechanical bionics segment is dominating the market owing to the speedy FDA approvals as well as reimbursement policies. Mechanical artificial heart valve has more longevity than any other options.

By Region Analysis

North America Dominates the Market

Based on region, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Among these, North America is dominating the market and it will continue its dominance over the forecast period owing to the increasing number of transplantation procedures as well as increasing need of artificial organ due to multiple cases of organ failures.

KEY INDUSTRY PLAYERS

The market players are opting for partnerships, mergers, acquisitions, and collaborations for the development of the global artificial organ and bionics market.

QMI

Key Market Developments:

  • April 2019, Open Bionics 3D printed prosthetic arm in the US. The company aims to develop 3D technologies for offering customizable 3D printed devices.
  • March 2019, Edwards Lifesciences Corporation launched KONECT RESILA system. It is a ready to launch tissue valve condult.

LIST OF KEY COMPANIES PROFILED:

  • Zimmer Biomet
  • Medtronic
  • Abbott
  • 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

Market Segmentation:

By Product:

  • Artificial Organs
  • Kidney
  • Heart
  • Lungs
  • Liver
  • Pancreas

By Artificial Bionics

  • Cochlear implant
  • Exoskeleton
  • Bionic limbs
  • Vision bionics
  • Brain bionics

By Technology:

  • Mechanical bionics
  • Electronic bionics

By Region

North America

  • North America, By Country Type
    • US
    • Canada
    • Mexico
    • North America, By Product
  • North America, By Artificial Bionics
  • North America, By Technology

Europe

  • Europe, By Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest Of Europe
  • Europe, By Product
  • Europe, By Artificial Bionics
  • Europe, By Technology

Asia Pacific

  • Asia Pacific, By Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest Of Asia Pacific
    • Asia Pacific, By Product
  • Asia Pacific, By Artificial Bionics
  • Asia Pacific, By Technology

Middle East & Africa

  • Middle East & Africa, By Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, By Product
  • Middle East & Africa, By Artificial Bionics
  • Middle East & Africa, By Technology

South America

  • South America, Country
    • Brazil
    • Argentina
    • Rest of South America
    • South America, By Product
  • South America, By Artificial Bionics
  • South America, By Technology

FAQs Answered in the Report

  • In the artificial organ and bionics market, what are the most important regional markets?
  • What is the market segmentation based on the product?
  • What is the market segmentation based on artificial bionics?
  • What are the different phases of the market’s value chain?
  • What are the major drivers and threats in the market?
  • Who are the main players in the market and what is their structure?
  • What level of rivalry does the artificial organ and bionics market have?

Report Customization:

You can customize this study to meet your specific requirements:

  • By sub-segment
  • By country specific analysis
  • Pricing analysis along with the potential list of customers
  • Product analysis

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