The study of the ” Artificial Organs Market” provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry.
The global artificial organs market was valued at USD 13.76 billion in 2014 and is projected to reach USD 21.10 billion by 2019, growing at a CAGR of 8.93% during the forecast period from 2015 to 2021.
Global Artificial Organs Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
It is estimated that out of the patients who need organ transplants, only 10% are provided with transplants and replacements. This has resulted in a long waiting list for the respective transplants to take place. This has been a major plus point for the artificial organs market. Some of the other factors
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contributing to the growth of this market are:
Rapidly aging global population
Increasing number of people suffering from organ failures
Rising incidents of motor accidents and other work-related accidents
Increasing technological advancements in the artificial organs sector
Scarcity of donor organs for those in need
The major restraints for the market are:
Regulatory requirements for artificial organs
Inherent expense of these products to the patients who need them
Fear of device malfunction or failure
Criticism from certain health sector personnel advising against the use of artificial organs
The global artificial organs market includes the markets for vital organs, such as the heart, kidney, liver, and pancreas. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. Among these, the North American region holds the largest market share, owing to the high per capita income in this region and the higher awareness levels among the population. Following North America, Europe is the second largest market. APAC is a market with immense potential. The need for artificial organs is higher in this region than in other regions.
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Some of the key players in the market are:
F Hoffman-La Roche Ltd
Nano Retina, Inc.
Key Deliverables in the Study
Global, regional and country-level analysis along with forecasts of the study market.
Study of the effect of exogenous & endogenous factors, viz. demographic, economic, and political factors, among others, which affect the global market.
Porterfive forces framework incorporating the factors influencing each force to determine the intensity of competition.
Segment and sub-segment level analysis of the market for the review and forecast period.
Identification of key factors instrumental in changing the market scenario, exploiting new opportunities and gaining a competitive edge.
SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
Some points from TOC:
1.1 Report Description
1.2 Research Methodology
1.3 Major Stakeholders
- Executive Summary
2.1 Key Findings
2.2 Market Overview
- Market Overview
3.1 Market Definition
3.2 Market Drivers
3.2.1 Scarcity of Donor Organs
3.2.2 Increased incidence of disabilities & organ failures
3.2.3 Technological Advancements
3.2.4 Rapidly aging population
3.3 Market Restraints
3.3.1 Expensive procedures
3.3.2 Fear of device malfunction and its consequences
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