Artificial active

The artificial organs market will be driven by growing demand

Artificial Organs Market

Expert Market Research’s new report titled, ‘Global Artificial Organs Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global artificial organs market share, assessing the market based on its segments such as classifications, types, technologies, bindings and major regions.

The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

Historical market size (2020): USD 15.3 billion
Forecast CAGR (2021-2026): 8%

Due to an increase in the number of transplant surgeries performed in the region, as well as the growing prevalence of various lifestyle disorders such as obesity and diabetes, North America accounted for a significant share of industry.

Additionally, the availability of well-developed healthcare infrastructure, along with the growing penetration of major biotechnology and medical device companies in developed countries such as the United States, are contributing significantly to the growth of the industry.

Asia-Pacific and Europe are also important regional markets for the product. Improving healthcare facilities and growing demand from economies such as China, India, and Japan are expected to drive the market growth in the Asia-Pacific region over the forecast period.

Industry definition and major segments

Artificial organs are devices or tissues designed to mimic natural organs and support one or more functions, allowing patients with organ failure to return to normal life. These organs are implanted or integrated into the human body, allowing them to communicate with living tissues. They perform biological or mechanical functions in the patient’s body.

Read the full report with table of contents: https://www.expertmarketresearch.com/reports/artificial-organs-market

By Classification, the market is split into:

Temporary artificial organs
Permanent artificial organs

On the basis of type, the industry is classified into:

Skin or soft tissue
Skin
muscles
boobs
Others
internal organs
Heart
Kidney
Pancreas
Liver
Blood vessels
Others
Sensory organs
Ears
Eyes

On the basis of technology, the market can be divided into:

Mechanical
Electronic

By Attachment, the industry is segmented into:

Implantable
Worn outside

Regional markets for the product include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market trends

Growing awareness of organ transplantation among consumers, along with lack of suitable donors and organ shortage, are driving the demand for artificial organs, propelling the industry forward.

With the growing demand for organ transplantation, scientists are focusing their efforts on developing safer and less expensive methods of producing artificial organs.

Additionally, the growing incidence of lifestyle disorders and chronic diseases, along with the growing global geriatric population, are driving the growth of the market.

Other factors contributing to the expansion of the market include favorable government programs and increasing R&D activities, technological innovations, increasing disposable incomes, and a growing healthcare industry.

Advances in 3D bioprinting, which is used to create artificial organs, and the growing integration of artificial intelligence into the healthcare sector are expected to propel the industry forward over the next forecast period.

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