“Artificial Organ Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial organ market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for artificial organ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The artificial organ market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 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
- Companies Mentioned: Medtronic PLC.; Abbott Laboratories Ltd.; ABIOMED Inc.; Berlin Heart Gmbh; Boston Scientific Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the artificial organ market are Medtronic PLC., Abbott Laboratories Ltd., ABIOMED Inc., Berlin Heart Gmbh, Boston Scientific Corporation, Edward Lifesciences Corporation, Jarvik Heart Inc., Baxter International Inc., B. Braun Melsungen AG, Asahi Kasei Medical Co. Ltd., Getinge AB, Zimmer Biomet Holdings Inc., Ekso Bionics Holdings Inc., Heartware International Inc., F. Hoffmann-La Roche Ltd., Carmat SA, Nipro Corporation, and Terumo Corporation.
The global artificial organ market is expected to grow from $20.37 billion in 2022 to $22.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The artificial organ market is expected to grow to $31.00 billion in 2027 at a CAGR of 8.7%.
The artificial organ market consists of sales of orthopedic devices, neuroprostheses and neurological support, urological support, visual support systems, blood cell and tissue replacement systems, mechanical organs made of inanimate polymers, and biomechanical organs made of partially living cells and inanimate polymers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
An artificial organ is a device that may be implanted or integrated into a human body to replace a natural organ, duplicate or augment a certain function, and allow the patient to return to normal life as quickly as feasible.
North America was the largest region in the artificial organ market in 2022. 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 and Africa.
The main organ types of artificial organs include artificial hearts, artificial kidneys, artificial livers, artificial pancreas, and others. An artificial heart is a pump that is implanted in the chest to replace damaged heart ventricles and valves. After the pump is installed in the chest, a mechanism called a driver operates the pump from outside the body. The pump (artificial heart) and driver are used to replace the function of a healthy heart by allowing blood to circulate to and from the heart. The materials are silicone, plastic, steel, and biomaterials, and fixations include implantable, and external. The end users include hospitals, ambulatory surgical centers, laboratories and diagnostic centers, research and academic institute, and others.
The rising geriatric population is expected to propel the growth of the artificial organ market going forward. The geriatric population refers to the population of people of 60 years and above requiring medical care. Artificial organs have the potential to significantly help the elderly in a variety of ways such as providing solutions to health problems like organ failure that elderly people face to improve their quality of life. For instance, in October 2022, according to the World Health Organization (WHO), a Switzerland-based organization responsible for international public health, the proportion of elderly individuals in each nation's population will rise, as will their overall number. By 2030, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The world's population of persons aged 60 and over will double by 2050 (2.1 billion). The number of people aged 80 or more is predicted to increase substantially between 2020 and 2050, reaching 426 million. Therefore, the rising geriatric population will drive the artificial organ market.
Product innovations are a key trend in gaining popularity in the artificial organ market. Major companies operating in the artificial organ market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, ALung Technologies, a US-based medical equipment manufacturer announced that its Hemolung respiratory support system, an artificial lung received approval from the Food and Drug Administration, a US-based regulatory organization. This artificial lung device is developed to treat COVID-19 patients avoiding ventilator use and further damage to their already stressed lungs and to control their respiratory and metabolic function. It is simple, safe, and effective and can be used for a range of applications such as cystic fibrosis and asthma.
In September 2021, Picard Medical Inc (a portfolio company of Hunniwell Lake Ventures LLC), a US-based biotech firm acquired SynCardia Systems LLC and its assets for an undisclosed amount. The acquisition enabled Picard Medical Inc gain access to technical and commercial expertise and helps further develop SynCardia Systems LLC. SynCardia Systems LLC is a US-based firm that makes artificial human hearts as a bridge to human heart transplants for persons dying from end-stage biventricular failure.
The countries covered in the artificial organ market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The artificial organ market research report is one of a series of new reports from The Business Research Company that provides, artificial organ market statistics, including, artificial organ industry global market size, regional shares, competitors with an artificial organ market share, detailed, artificial organ market segments, market trends and opportunities, and any further data you may need to thrive in the artificial organ industry. This artificial organ market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Artificial Organ Market Characteristics
3. Artificial Organ Market Trends And Strategies
4. Artificial Organ Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Artificial Organ Market
- 4.2. Ukraine-Russia War Impact On Artificial Organ Market
- 4.3. Impact Of High Inflation On Artificial Organ Market
5. Artificial Organ Market Size And Growth
- 5.1. Global Artificial Organ Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Artificial Organ Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Artificial Organ Market Segmentation
- 6.1. Global Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Artificial Heart
- Artificial Kidney
- Artificial Liver
- Artificial Pancreas
- Other Organ Types
- 6.2. Global Artificial Organ Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Silicone
- Plastic
- Steel
- Biomaterials
- 6.3. Global Artificial Organ Market, Segmentation By Fixation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Implantable
- External
- 6.4. Global Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospitals
- Ambulatory Surgical Centers
- Laboratories And Diagnostic Centers
- Research And Academic Institute
- Other End Users
7. Artificial Organ Market Regional And Country Analysis
- 7.1. Global Artificial Organ Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Artificial Organ Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Artificial Organ Market
- 8.1. Asia-Pacific Artificial Organ Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Artificial Organ Market
- 9.1. China Artificial Organ Market Overview
- 9.2. China Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Artificial Organ Market
- 10.1. India Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Artificial Organ Market
- 11.1. Japan Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Artificial Organ Market
- 12.1. Australia Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Artificial Organ Market
- 13.1. Indonesia Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Artificial Organ Market
- 14.1. South Korea Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Artificial Organ Market
- 15.1. Western Europe Artificial Organ Market Overview
- 15.2. Western Europe Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Artificial Organ Market
- 16.1. UK Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Artificial Organ Market
- 17.1. Germany Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Artificial Organ Market
- 18.1. France Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Artificial Organ Market
- 19.1. Eastern Europe Artificial Organ Market Overview
- 19.2. Eastern Europe Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Artificial Organ Market
- 20.1. Russia Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Artificial Organ Market
- 21.1. North America Artificial Organ Market Overview
- 21.2. North America Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Artificial Organ Market
- 22.1. USA Artificial Organ Market Overview
- 22.2. USA Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Artificial Organ Market
- 23.1. South America Artificial Organ Market Overview
- 23.2. South America Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Artificial Organ Market
- 24.1. Brazil Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Artificial Organ Market
- 25.1. Middle East Artificial Organ Market Overview
- 25.2. Middle East Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Artificial Organ Market
- 26.1. Africa Artificial Organ Market Overview
- 26.2. Africa Artificial Organ Market, Segmentation By Organ Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Artificial Organ Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Artificial Organ Market Competitive Landscape And Company Profiles
- 27.1. Artificial Organ Market Competitive Landscape
- 27.2. Artificial Organ Market Company Profiles
- 27.2.1. Medtronic PLC.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Abbott Laboratories Ltd.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. ABIOMED Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Berlin Heart Gmbh
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Boston Scientific Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Artificial Organ Market
29. Artificial Organ Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer