(2019-2023) Artificial Organs Market CAGR Status, Current Market Scenario, Major Applications, Product Type, Key Players and Regions

Artificial Organs

The Artificial Organs Market Report 2019-2023 focuses on the global Artificial Organs status, future forecast, growth opportunity, key market, and key players. 

The Artificial Organs Market report studies the global market size of Artificial Organs in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Artificial Organs in these regions. This research report categorizes the global Artificial Organs market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Artificial Organs include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • EDWARD LIFESCIENCES CORPORATION
  • ASAHI KASEI MEDICAL CO. LTD
  • JARVIK HEART INC.
  • BOSTON SCIENTIFIC CORPORATION
  • COCHLEAR LIMITED
  • TOUCH BIONICS
  • OSSUR
  • MEDTRONIC INC.
  • LIFENET HEALTH
  • amongst others.

Overview of Artificial Organs Market Research Report 2019-2023:-

The global artificial organs market report covers artificial organs that are manmade applications integrated into the human body, to replace natural organs. Artificial organs replicate the functioning of natural organs and enable patients to return to a normal life, as soon as possible. The global artificial organ market is expected to register a CAGR of 9% during the forecast period of 2019-2023.

Scarcity of Donor Organs

The lack of availability of potential organs to transplant has been a major issue of concern. There is an ever-increasing demand for organ donors, and this demand is very high when compared to the actual supply. It has been estimated that, owing to the scarcity of donor organs, among all the patients who need organ transplantation, only 10% are able to undergo the process. In the United States, more than 119,000 patients are on the waiting list for organ transplantation. Around 22 patients die each year, due to the lack of available organs for transplantation. In Europe, by the end of 2015, more than 143,000 patients were waiting for an organ transplantation. In this region, 18 patients die each year, due to lack of available organs for transplantation.
The increased incidence of disabilities and organ failures, technological advancements in the artificial organs sector, and rapidly aging population are some other drivers of the market.

Expensive Procedures

Cost of the procedure is a major constraint for the artificial organ market. The high cost of these organs can be attributed to the production policies required to address the patients, taxpayers, and medical technology corporations. For instance, organ transplantation has several issues in the current market scenario, such as the policies for procurement, transplant tourism, organ trafficking, and others.
Additionally, fear of device malfunction and its consequences are also restraining the market’s growth.

North America to Dominate the Market

The global artificial organ market has been segmented by organ type and geography. By organ type, the market has been segmented into artificial heart, artificial kidney, artificial livers, artificial pancreas, and artificial lungs. By geography, it has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Due to increased incidences of organ failures, disabilities, and scarcity in the availability of donor organs, recent technological advancements, and the rapid rise of the geriatric population, North America dominates the market.

Major Players- EDWARD LIFESCIENCES CORPORATION, ASAHI KASEI MEDICAL CO. LTD, JARVIK HEART INC., BOSTON SCIENTIFIC CORPORATION, COCHLEAR LIMITED, TOUCH BIONICS, OSSUR, MEDTRONIC INC., LIFENET HEALTH, amongst others.

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Reasons to Purchase this Report

  • Analysis of the global artificial organ market, with region-specific assessments and competition analysis on global and regional scales
  • Analyzing various perspectives of the industry with the help of Porter’s five forces analysis
  • The treatment type that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in excel)

    Key questions answered in the Artificial Organs Market Report are.

    • What will the market size be in 2023 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors? 

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    This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Artificial Organs market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    “We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

    Major Points from TOC of Artificial Organs Market Research Report 2019-2023:

    1. INTRODUCTION
      1 Study Deliverables
      1.2 Study Assumptions
      1.3 Scope of the Study
    1. RESEARCH METHODOLOGY
    1. EXECUTIVE SUMMARY
    1. MARKET DYNAMICS
      1 Drivers
      4.1.1 Rise in Defence Expenditure of Many Countries
      4.1.2 Increasing Demand of Lightweight Materials in the Industry
      4.2 Restraints
      4.2.1 Need for High Investments in R&D
      4.2.2 Other Restraints
      4.3 Industry Value-Chain Analysis
      4.4 Porters 5 Force Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Consumers
      4.4.3 Threat of New Entrants
      4.4.4 Threat of Substitute Products and Services
      4.4.5 Degree of Competition
      4.5 Price Analysis
    1. MARKET SEGMENTATION
      1 By Application
      5.2 End-user Sector
      5.2.1 Residential
      5.2.2 Commercial
      5.2.3 Institutional
      5.3 Geography
      5.3.1 Asia-Pacific
      5.3.2 North America
      5.3.3 Europe
      5.3.4 South America
      5.3.5 the Middle East & Africa

      Continued…

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