Global Artificial Organ market was valued at USD +29,366 million in 2018 and is estimated to be valued at USD +44899 million in 2024, witnessing a CAGR of +7%
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Artificial organs, as the name suggests, are unnatural devices or machines that replace various human organs, which suffer from malfunctioning or the loss of entire functioning ability. Usually formed from the respective human's stem cells and later grown in laboratories, artificial organs have been changing the face of the medical world since the past few decades.
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Top Key Vendors:
Edwards Lifesciences, Advanced Bionics, MED-EL, Abbott Diabetes Care, Baxter, Gore, Ekso Bionics, Asahi Kasei Medical, Jarvik Hear, Ottobock, Mtjapan, Terumo, Miromatrix Medical, Koken, Cochlear, Bodycare
The ability of artificial organs to retain normal functioning of human organs, either temporarily or permanently, will continue to be the strongest factor driving the demand for artificial organs across the globe. Increasing prevalence of chronic disorders that affect one or multiple vital organs, is expected to be another key factor supporting the market growth. Growing incidences of accidents and severe injuries will also continue to fuel the demand for artificial organs.
Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
- Mechanical Artificial Organs
- Biomechanical Artificial Organs
- Biological Artificial Organs
Split by application, this report focuses on consumption, market share and growth rate of Artificial Organs in each application, can be divided into
- Artificial Uterus
- Artificial Heart
- Artificial Skeleton
- Artificial Skin
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