The Global Artificial Organs and Bionic Implants Market report provide a comprehensive analysis of key market trends in the global Artificial Organs and Bionic Implants Market. It also includes a discussion of historical trends, current market conditions, competitive landscape, growth opportunities, and fact-based challenges. The report quantifies the market share held by major players in the industry and provides an in-depth view of the competitive landscape. In terms of revenue (US$) and production, the market size is calculated during the study period along with details about the factors (drivers and constraints) influencing the market growth.
Key Topics Covered in this Artificial Organs and Bionic Implants Market Reports: Market Summary, Table of Contents, List of Figures, List of Tables, Report Structure, Segmentation
The current estimate for 2026 is expected to be higher than the pre-COVID-19 estimate. The COVID-19 pandemic has significantly increased the growth rate of the Artificial Organs and Bionic Implants market. The report effectively assesses the current market size and provides industry forecasts. The compound annual growth rate (CAGR) is expected to be 9.5% from 2021 to 2026.
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This report surveys the global Artificial Organs and Bionic Implants market and analyzes and surveys development status and forecasts in five different regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Artificial Organs and Bionic Implants Market
Artificial organs are not that hard to be created, thanks to recent advances in technology. With the right equipment and medical knowledge, it is now possible to transplant an artificial organ on a live person. An artificial organ is basically a human-created organ or tissue implanted or integrated onto a human’s body, to copy or augment a particular function or function so that the patient can resume a normal healthy life as soon as possible after the procedure. Currently, there are a number of different types of artificial organs available to patients who require organ transplants. Some types of artificial organs are suitable for certain patients and are undergoing clinical trials presently.
An increasing number of amputees is expected to propel the growth of the global artificial organs and bionic implants market over the forecast period. For instance, according to The Amputee Coalition of America, the amputee population in the U.S. is expected to reach 3.6 million by the year 2050. Moreover, approval and launch of new products are also expected to aid in the growth of the market. For instance, in January 2020, the U.S. Food and Drug Administration approved an artificial pancreas system – based on technology from the University of Virginia Center for Diabetes Technology – that automatically monitors and regulates blood glucose levels.
R&D in artificial hearts is expected to offer lucrative growth opportunities for players in the global artificial organs and bionic implants market. For instance, in June 2018, researchers from Lodz University of Technology, Poland, reported the development of an artificial circulatory system that simulated various ejection pressures, ejection volumes, and frequencies of pulsation.
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- Increasing approval and launch of artificial organs is expected to propel the growth of the global artificial vital organs and medical bionics market. For instance, in March 2020, SynCardia Systems, LLC received the U.S. Food and Drug Administration (FDA) approval for its 50cc temporary Total Artificial Heart (TAH) System as a bridge to heart transplant.
- Major players in the market are focused on adopting collaboration strategies to enhance their market share. For instance, in February 2020, Ekso Bionics Holdings, Inc. collaborated with Kindred Healthcare, LLC to pilot EksoNR—a robotic exoskeleton, in their long-term acute care hospitals.
- Major players operating in the artificial organs and bionic implants market include Edwards Lifesciences, LifeNet Health, Sonova, Orthofix Holdings, BionX Medical Technologies, Medtronic Plc, Ekso Bionics, Gambro AB, Cochlear, HeartWare, SynCardia, Nipro Corporation, Ottobock, Berlin Heart GmbH, Baxter International, Boston Scientific Corporation, and Zimmer Biomet
The key player information is as follows: Company profile, Market information, SWOT analysis, Market share, Sales, revenue, price, gross profit
Key Benefits For Stakeholders
- This study includes market analysis, Artificial Organs and Bionic Implants market trends, and future projections to determine an impending investment pocket.
- This report provides information related to the key drivers, limitations, and Artificial Organs and Bionic Implants market opportunities.
- The Artificial Organs and Bionic Implants market size is quantitatively analyzed from 2019 to 2026 to highlight the financial capabilities of the industry.
- Porter’s five forces analysis shows potential buyers and suppliers in the Artificial Organs and Bionic Implants market.
The Market Intelligence Platform helps you understand:
- Benchmark against competitors and industry
- Competitive strategy and market share exploration
- Discovering local market opportunities
- Identify emerging market trends and dynamics
- Market information with quality and accuracy
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