IMARC Group, a leading market research company, has released a report titled “Artificial Organs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global artificial organs market size reached US$ 18.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
Artificial organs refer to devices that are utilized to replace the functions of a defective or missing organ in the body. They comprise an artificial heart, liver, kidney, pancreas, ear, hip, knee, and urinary bladder. They are manufactured from various materials, such as inanimate polymers, partially living cells, and biodegradable polymers or metals. They assist in solving the transplant shortage issues and are designed to duplicate the function of natural organs. As a result, artificial organs are widely employed in hospitals, ambulatory surgical centers, diagnostic centers, and research institutes across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/artificial-organs-market/requestsample
Artificial Organs Market Trends and Drivers:
At present, the rising demand for artificial organs among the masses due to the increasing prevalence of chronic diseases and organ failures around the world represents one of the key factors supporting the market growth. Besides this, the growing demand for artificial organs on account of the increasing number of road accidents and severe injuries worldwide is offering a positive market outlook. Apart from this, technological advancements, such as three-dimensional (3D) bioprinting in an artificial organ, as it lowers the risk of organ rejection, are offering a lucrative growth opportunity to industry investors. Furthermore, key players are introducing a total artificial heart (TAH) that assists in diagnosing patients with the last stage of biventricular heart failure, which is projected to strengthen the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Artificial Kidney
- Artificial Heart
- Artificial Pancreas
- Cochlear Implants
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Abiomed Inc.
- Edwards Lifesciences Corp
- HeartWare International, Inc.
- Cochlear Limited
- Boston Scientific Corporation.
Explore full report with table of contents: https://www.imarcgroup.com/artificial-organs-market
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
