Fairfield Market Research
Artificial Organs and Medical Bionics Market

Artificial Organs and Medical Bionics Market

Global Industry Analysis (2019 - 2021) - Growth Trends and Market Forecast (2022 - 2027)

Published Date: Jul 2022 | Format: | No. of Pages: 159

Industry: Medical Devices | Author Name: Sayali

“Fairfield Market Research indicates that the global artificial organs and medical bionics market will demonstrate a strong rise of 10.4% CAGR during the period of assessment (2022-2027), reaching a market value of US$54,400.0 Mn by the end of 2027.”

Demand All Set to Witness Rapid Growth in the Wake of a Massive Demand-Supply Gap

Human organ supply-demand imbalance, general ethical concerns while the procurement of organs, race, religion, lack of understanding of the various minority groups, difficulties in obtaining consent, contradictions to organ donation, and long waiting lists for the availability of natural organs/organ donors are demanding rapid need for availability of artificial organs and medical bionics today. There is a huge gap between organ donors and patients in need of organ transplants. According to the Nation Health Resources and Services Organization, about 20 people die on average per day owing to the lack of viable organs for transplant. Artificial organs have thus become vital as an alternative means for people in need of organ transplants. This scenario is primarily driving the growth of global artificial organs and medical bionics market.

Fairfield

Artificial organs and medical bionics represent a lifesaving technology relying on recent automation advances such as 3D printing, and stem cell implementation. These groundbreaking medical bionic devices are currently under development and tested globally and are expected to offer patients with organ failure the hope of prompt treatment in the future. Extensive research has been undertaken across the globe to grow a full organ using stem cells from adults. This kind of research is in a very nascent stage and lots of studies to be carried out for the organs to become available to the patients, which is expected to support the growth of artificial organs and medical bionics market.

Complexities Associated with Organ Replacement Influence Performance of Artificial Organs and Medical Bionics Market

Global artificial organs and medical bionics market registered revenue worth US$ 30,305.5 Mn in 2021 and is set to witness robust revenue growth between 2022 and 2027. The rising burden of diabetes, heart diseases, and kidney failure due to lifestyle disorders, coupled with growth in advancements in medical technologies observed over the recent past across the globe are known to increase the demand for organ replacement. The exorbitant cost is the main issue associated with the implementation of these high-tech organs. Moreover, certain ethical consequences exist. Biocompatibility, minimal effect on the immune system, stringent regulation, poor reimbursement coverage, risk of the device malfunction, and other related concerns are the major factors impeding the market growth.

Currently, creating substitutes for all human organs with artificial ones is a challenging task. For instance, developing endocrine organs, and liver which carry out many biological functions. Artificial devices are yet able to reproduce only a few of their vital functions with limited improvement in safety, and efficacy. The most important aspect further to be considered is the reduction of production and operation costs of present and future devices, to make them affordable for a greater number of people, especially in emerging regions of the world. This will remain a major influencing factor for artificial organs and medical bionics market.

Artificial Kidney Continues to be Sought-after Worldwide

Manufacturing of complex organs such as the heart, liver, and kidney demands a meticulous survey of the structural, chemical, and biological functions of various extracellular matrices, identifying the key molecular, structural, and mechanical cues required to maintain the organ architecture, tissue functions, and other such signals with respect to different tissues. Regardless of the mentioned drawbacks, the outlook for the artificial organs and medical bionics market is remarkably bright, as these devices have the potential to save human lives that would otherwise be lost. While implantable technology maintains its lead in the market in terms of revenue and expected to reach US$34 Bn in revenue toward the end of forecast year, kidney has been a leading segment in the market that has been foreseen to exhibit higher growth in terms of revenue. Kidney transplants will most likely retain their instrumental role for the artificial organs and medical bionics market throughout the forecast period.

Research Around Biocompatible Materials to Unlock New Doors of Opportunity in Artificial Organs and Medical Bionics Market

Metals represent a dominant market segment as they continue to be the highly suitable biomaterials for artificial organs and medical bionics. The segment is likely to reach the valuation of nearly US$17 Bn by 2027 end. A great stride in this field due to advancements in biomedical engineering is being continuously made, to increase the number of miniature artificial organs for permanent implantation in the human body. The selection of appropriate biomaterials plays a fundamental role in constructing a medical device for human use: Biocompatibility is the most important requirement of a biomaterial and is not a property of the material alone. Mechanical strength and durability are the other essential requirements. Polymers provide certain properties of chemical inertness, ease of fabrication, less cytotoxicity, flexibility, hardness, and permeability required for their application in the manufacturing of artificial organs.

Artificial Organs and Medical Bionics Market to Spread its Roots with Novel Approaches, and New Product Introduction

Artificial organ technologies have now been harnessed in therapeutic areas the future of artificial organs should not only be focused on the development of replacement organs, but also on the artificial organ technologies for therapeutic or preventative medicine. By applying aggressively these types of technologies namely organ-on-chip, certainly, the outcome of early end-stage organ failure can be prevented and the need for artificial hearts, kidneys, orthopaedic implants, and various implantable artificial organs is reduced. 3D bioprinting technology is anticipated to address the organ shortage issue in the future. According to a news article published in 2016, Pandorum Technologies, an India-based biotech startup, has developed an artificial tissue that performs the functions of the human liver. This is expected to enable affordable medical research with reduced dependence on animal and human trials, eventually leading to full-scale transplantable organs. Bioartificial organ manufacturing technologies hold the promise to greatly improve the quality of health and average lifespan of human beings soon.

Artificial Organs and Medical Bionics Market Surges Ahead in Developing Asian Nations

North America, and Europe capture a major chunk of the market share. However, Asia Pacific has emerged as the fastest growing market, attributing to the rising incidence of hearing and vision loss, cardiovascular diseases, and kidney failure cases. Factors such as rising healthcare expenditure, surgical procedures, and improving income levels are expected to amplify the possibility of developing countries witnessing the highest growth rate during the forecast period. Growing awareness and availability of artificial organs, and medical bionics will drive the market ahead. The market will also progress rapidly here as the competition intensity is low, especially in lucrative yet untapped markets like India, and China. Innovations are underway. Moreover, growing funds toward medical research with reduced dependence on animal and human trials are eventually leading to full-scale transplantable organs. This is expected to drive Asia Pacific market to exhibit the fastest, i.e., 10.9% growth by 2027.

Key Players in Artificial Organs and Medical Bionics Market Augment R&D Investments

Key players holding a significant share in the global artificial organs and medical bionics market include Ossur hf, Medtronic plc, Cochlear Ltd, Zimmer Biomet Ltd, Second Sight Medical Products Ltd., Orthofix International N.V., DJO Global, Ekso Holdings Inc, and ReWalk Robotics. Cochlear Limited, invests more than US$ 130 million each year in R&D and participates in over 100 collaborative research programs worldwide. Developed by nib foundation partner and national charity, the Australian Institute of Neurorehabilitation (AINRehab), HELLEN recently kicked off its world-first clinical trial at the University of Newcastle. Robo Bionics launched an artificial robotic hand called Grippy- a NABL Lab Safety Tested and Certified, 3D printed Prosthetic hand with a sense of touch and multi-grip control. The altruistic innovation of this Mumbai (India)-based start-up has gained paramount recognition across the domain.

The Global Artificial Organs And Medical Bionics Market is Segmented as Below:

By Organ Type

  • Kidney
  • Heart
  • Bones
  • Ear
  • Eye
  • Brain
  • Other

By Biomaterial

  • Metals
  • Polymers
  • Ceramics
  • Other

By Technology

  • Implantable
  • Wearable

By Geographic Coverage

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia/New Zealand
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East & Africa

Leading Companies

  • Zimmer Biomet Ltd.
  • Cochlear Ltd.
  • Second Sight Medical Products, Inc.
  • Ossur hf
  • Rewalk Robotics Ltd.
  • Orthofix International N.V.
  • Ekso Bionics Holdings Inc.
  • Medtronic plc.

Inside this Report you will find:

1. Executive Summary
2. Market Overview
3. Global Artificial Organs and Medical Bionics Market Outlook, 2019 - 2027
4. North America Artificial Organs and Medical Bionics Market Outlook, 2019 - 2027
5. Europe Artificial Organs and Medical Bionics Market Outlook, 2019 - 2027
6. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, 2019 - 2027
7. Rest of the World Artificial Organs and Medical Bionics Market Outlook, 2019 - 2027
8. Competitive Landscape
9. Appendix

Post Sale Support, Research Updates & Offerings:

We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.

  • The report will be prepared in a PPT format and will be delivered in a PDF format.
  • Additionally, Market Estimation and Forecast numbers will be shared in Excel Workbook.
  • If a report being sold was published over a year ago, we will offer a complimentary copy of the updated research report along with Market Estimation and Forecast numbers within 2-3 weeks’ time of the sale.
  • If we update this research study within the next 2 quarters, post purchase of the report, we will offer a Complimentary copy of the updated Market Estimation and Forecast numbers in Excel Workbook.
  • If there is a geopolitical conflict, pandemic, recession, and the like which can impact global economic scenario and business activity, which might entirely alter the market dynamics or future projections in the industry, we will create a Research Update upon your request at a nominal charge.

1. Executive Summary
     1.1. Global Artificial Organs and Medical Bionics Market Outlook, 2019-2027 (US$ Million)
     1.2. Global Artificial Organs and Medical Bionics Market Incremental Opportunity, 2022- 2027 (US$ Million)
     1.3. Key Industry Trends

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Market Drivers
            2.2.2. Market Threats
            2.2.3. Market Opportunities
     2.3. Overview on Biomaterials used in Artificial Organs/ Medical Bionics
     2.4. Regulatory Framework
     2.5. Covid 19 Impact Analysis

3. Global Artificial Organs and Medical Bionics Market Outlook, 2019-2027
     3.1. Global Artificial Organs and Medical Bionics Market Outlook, By Organ Type, 2019-2027
            3.1.1. Key Highlights
            3.1.2. Global Artificial Organs and Medical Bionics Market Outlook, by Organ Type, Value (US$ Million), 2019–2027
                   3.1.2.1. Kidney
                   3.1.2.2. Heart
                   3.1.2.3. Bones
                   3.1.2.4. Ear
                   3.1.2.5. Eye
                   3.1.2.6. Brain
                   3.1.2.7. Other
            3.1.3. Global Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Organ Type, Value, 2022 and 2027
            3.1.4. Global Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Organ Type, Value, 2022-2027
     3.2. Global Artificial Organs and Medical Bionics Market Outlook, By Biomaterial Type, 2019-2027
            3.2.1. Key Highlights
            3.2.2. Global Artificial Organs and Medical Bionics Market Outlook, by Biomaterial Type, Value (US$ Million), 2019–2027
                   3.2.2.1. Metals
                   3.2.2.2. Polymers
                   3.2.2.3. Ceramics
                   3.2.2.4. Other
            3.2.3. Global Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Biomaterial Type, Value, 2022 and 2027
            3.2.4. Global Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Biomaterial Type, Value, 2022-2027
     3.3. Global Artificial Organs and Medical Bionics Market Outlook, By Technology, 2019-2027
            3.3.1. Key Highlights
            3.3.2. Global Artificial Organs and Medical Bionics Market Outlook, by Technology, Value (US$ Million), 2019– 2027
                   3.3.2.1. Implantable
                   3.3.2.2. Wearable
            3.3.3. Global Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Technology, Value, 2022 and 2027
            3.3.4. Global Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Technology, Value, 2022-2027
     3.4. Global Artificial Organs and Medical Bionics Market Outlook, By Region, 2019-2027
            3.4.1. Key Highlights
            3.4.2. Global Artificial Organs and Medical Bionics Market Outlook, by Region, Value (US$ Million), 2019-2027
                   3.4.2.1. North America
                   3.4.2.2. Europe
                   3.4.2.3. Asia Pacific
                   3.4.2.4. Rest of the World
            3.4.3. Global Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Region, Value, 2022 and 2027
            3.4.4. Global Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Region, Value, 2022-2027

4. North America Artificial Organs and Medical Bionics Market Outlook, 2019-2027
     4.1. North America Artificial Organs and Medical Bionics Market Outlook, By Organ Type, 2019-2027
            4.1.1. Key Highlights
            4.1.2. North America Artificial Organs and Medical Bionics Market Outlook, by Organ Type, Value (US$ Million), 2019– 2027
                   4.1.2.1. Kidney
                   4.1.2.2. Heart
                   4.1.2.3. Bones
                   4.1.2.4. Ear
                   4.1.2.5. Eye
                   4.1.2.6. Brain
                   4.1.2.7. Other
            4.1.3. North America Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Organ Type, Value, 2022 and 2027
            4.1.4. North America Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Organ Type, Value, 2022-2027
     4.2. North America Artificial Organs and Medical Bionics Market Outlook, By Biomaterial Type, 2019-2027
            4.2.1. Key Highlights
            4.2.2. North America Artificial Organs and Medical Bionics Market Outlook, by Biomaterial Type, Value (US$ Million), 2019-2027
                   4.2.2.1. Metals
                   4.2.2.2. Polymers
                   4.2.2.3. Ceramics
                   4.2.2.4. Other
            4.2.3. North America Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Biomaterial Type, Value, 2022 and 2027
            4.2.4. North America Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Biomaterial Type, Value, 2022-2027
     4.3. North America Artificial Organs and Medical Bionics Market Outlook, By Technology, 2019-2027
            4.3.1. Key Highlights
            4.3.2. North America Artificial Organs and Medical Bionics Market Outlook, by Technology, Value (US$ Million), 2019-2027
                   4.3.2.1. Implantable
                   4.3.2.2. Wearable
            4.3.3. North America Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Technology, Value, 2022 and 2027
            4.3.4. North America Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Technology, Value, 2022-2027
     4.4. North America Artificial Organs and Medical Bionics Market Outlook, By Country, 2019-2027
            4.4.1. Key Highlights
            4.4.2. North America Artificial Organs and Medical Bionics Market Outlook, by Country, Value (US$ Million), 2019-2027
                   4.4.2.1. United States
                   4.4.2.2. Canada
            4.4.3. North America Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Country, Value, 2022 and 2027
            4.4.4. North America Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Country, Value, 2022-2027

5. Europe Artificial Organs and Medical Bionics Market Outlook, 2019-2027
     5.1. Europe Artificial Organs and Medical Bionics Market Outlook, By Organ Type, 2019-2027
            5.1.1. Key Highlights
            5.1.2. Europe Artificial Organs and Medical Bionics Market Outlook, by Organ Type, Value (US$ Million), 2019-2027
                   5.1.2.1. Kidney
                   5.1.2.2. Heart
                   5.1.2.3. Bones
                   5.1.2.4. Ear
                   5.1.2.5. Eye
                   5.1.2.6. Brain
                   5.1.2.7. Other
            5.1.3. Europe Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Organ Type, Value, 2022 and 2027
            5.1.4. Europe Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Organ Type, Value, 2022-2027
     5.2. Europe Artificial Organs and Medical Bionics Market Outlook, By Biomaterial Type, 2019-2027
            5.2.1. Key Highlights
            5.2.2. Europe Artificial Organs and Medical Bionics Market Outlook, by Biomaterial Type, Value (US$ Million), 2019-2027
                   5.2.2.1. Metals
                   5.2.2.2. Polymers
                   5.2.2.3. Ceramics
                   5.2.2.4. Other
            5.2.3. Europe Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Biomaterial Type, Value, 2022 and 2027
            5.2.4. Europe Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Biomaterial Type, Value, 2022-2027
     5.3. Europe Artificial Organs and Medical Bionics Market Outlook, By Technology, 2019-2027
            5.3.1. Key Highlights
            5.3.2. Europe Artificial Organs and Medical Bionics Market Outlook, by Technology, Value (US$ Million), 2019-2027
                   5.3.2.1. Implantable
                   5.3.2.2. Wearable
            5.3.3. Europe Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Technology, Value, 2022 and 2027
            5.3.4. Europe Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Technology, Value, 2022-2027
     5.4. Europe Artificial Organs and Medical Bionics Market Outlook, By Country, 2019-2027
            5.4.1. Key Highlights
            5.4.2. Europe Artificial Organs and Medical Bionics Market Outlook, by Country, Value (US$ Million), 2019-2027
                   5.4.2.1. Germany
                   5.4.2.2. France
                   5.4.2.3. United Kingdom
                   5.4.2.4. Italy
                   5.4.2.5. Spain
                   5.4.2.6. Rest of Europe
            5.4.3. Europe Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Country, Value, 2022 and 2027
            5.4.4. Europe Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Country, Value, 2022-2027

6. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, 2019-2027
     6.1. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, By Organ Type, 2019-2027
            6.1.1. Key Highlights
            6.1.2. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, by Organ Type, Value (US$ Million), 2019-2027
                   6.1.2.1. Kidney
                   6.1.2.2. Heart
                   6.1.2.3. Bones
                   6.1.2.4. Ear
                   6.1.2.5. Eye
                   6.1.2.6. Brain
                   6.1.2.7. Other
            6.1.3. Asia Pacific Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Organ Type, Value, 2022 and 2027
            6.1.4. Asia Pacific Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Organ Type, Value, 2022-2027
     6.2. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, By Biomaterial Type, 2019-2027
            6.2.1. Key Highlights
            6.2.2. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, by Biomaterial Type, Value (US$ Million), 2019-2027
                   6.2.2.1. Metals
                   6.2.2.2. Polymers
                   6.2.2.3. Ceramics
                   6.2.2.4. Other
            6.2.3. Asia Pacific Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Biomaterial Type, Value, 2022 and 2027
            6.2.4. Asia Pacific Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Biomaterial Type, Value, 2022-2027
     6.3. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, By Technology, 2019-2027
            6.3.1. Key Highlights
            6.3.2. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, by Technology, Value (US$ Million), 2019-2027
                   6.3.2.1. Implantable
                   6.3.2.2. Wearable
            6.3.3. Asia Pacific Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Technology, Value, 2022 and 2027
            6.3.4. Asia Pacific Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Technology, Value, 2022-2027
     6.4. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, By Country, 2019-2027
            6.4.1. Key Highlights
            6.4.2. Asia Pacific Artificial Organs and Medical Bionics Market Outlook, by Country, Value (US$ Million), 2019-2027
                   6.4.2.1. Japan
                   6.4.2.2. China
                   6.4.2.3. India
                   6.4.2.4. Australia & New Zealand
                   6.4.2.5. Rest of Asia Pacific
            6.4.3. Asia Pacific Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Country, Value, 2022 and 2027
            6.4.4. Asia Pacific Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Country, Value, 2022-2027

7. Rest of the World Artificial Organs and Medical Bionics Market Outlook, 2019-2027
     7.1. Rest of the World Artificial Organs and Medical Bionics Market Outlook, By Organ Type, 2019-2027
            7.1.1. Key Highlights
            7.1.2. Rest of the World Artificial Organs and Medical Bionics Market Outlook, by Organ Type, Value (US$ Million), 2019-2027
                   7.1.2.1. Kidney
                   7.1.2.2. Heart
                   7.1.2.3. Bones
                   7.1.2.4. Ear
                   7.1.2.5. Eye
                   7.1.2.6. Brain
                   7.1.2.7. Other
            7.1.3. Rest of the World Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Organ Type, Value, 2022 and 2027
            7.1.4. Rest of the World Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Organ Type, Value, 2022-2027
     7.2. Rest of the World Artificial Organs and Medical Bionics Market Outlook, By Biomaterial Type, 2019-2027
            7.2.1. Key Highlights
            7.2.2. Rest of the World Artificial Organs and Medical Bionics Market Outlook, by Biomaterial Type, Value (US$ Million), 2019-2027
                   7.2.2.1. Metals
                   7.2.2.2. Polymers
                   7.2.2.3. Ceramics
                   7.2.2.4. Other
            7.2.3. Rest of the World Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Biomaterial Type, Value, 2022 and 2027
            7.2.4. Rest of the World Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Biomaterial Type, Value, 2022-2027
     7.3. Rest of the World Artificial Organs and Medical Bionics Market Outlook, By Technology, 2019-2027
            7.3.1. Key Highlights
            7.3.2. Rest of the World Artificial Organs and Medical Bionics Market Outlook, by Technology, Value (US$ Million), 2019-2027
                   7.3.2.1. Implantable
                   7.3.2.2. Wearable
            7.3.3. Rest of the World Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Technology, Value, 2022 and 2027
            7.3.4. Rest of the World Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Technology, Value, 2022-2027
     7.4. Rest of the World Artificial Organs and Medical Bionics Market Outlook, By Sub-Region, 2019-2027
            7.4.1. Key Highlights
            7.4.2. Rest of the World Artificial Organs and Medical Bionics Market Outlook, by Sub-Region, Value (US$ Million), 2019-2027
                   7.4.2.1. Latin America
                   7.4.2.2. Middle East & Arica
            7.4.3. Rest of the World Artificial Organs and Medical Bionics Market Share and BPS Analysis, by Sub-Region, Value, 2022 and 2027
            7.4.4. Rest of the World Artificial Organs and Medical Bionics Market Attractiveness Analysis, by Sub-Region, Value, 2022-2027

8. Competitive Landscape
     8.1. Market Share Analysis, 2019
     8.2. Company Profiles
            8.2.1. Zimmer Biomet Ltd
                   8.2.1.1. Company overview
                   8.2.1.2. Financial performance
                   8.2.1.3. Product Portfolio
                   8.2.1.4. Recent Developments
Above details will include, but not be limited to below list of companies based on availability
            8.3.2. Cochlear Ltd
            8.3.3. Second Sight Medical Products, Inc.
            8.3.4. Ossur hf
            8.3.5. DJO Global, Inc.
            8.3.6. ReWalk Robotics Ltd.
            8.3.7. Ekso Bionics Holdings Inc.
            8.3.8. Orthofix International N.V.
            8.3.9. Medtronic plc
Other Leading Players

9. Appendix
     9.1. Research Methodology
     9.2. Report Specific Research Approach

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2021

2019 - 2020

  2022 - 2027 

Value: US$ Million

 

REPORT FEATURES

DETAILS

Organ Type

  • Kidney
  • Heart
  • Bones
  • Ear
  • Eye
  • Brain
  • Other

Biomaterial

  • Metals
  • Polymers
  • Ceramics
  • Other

Technology

  • Implantable
  • Wearable

Geographic Coverage

  • North America
  • United States
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia/New Zealand
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East & Africa

Leading Companies

  • Zimmer Biomet Ltd
  • Cochlear Ltd
  • Second Sight Medical Products, Inc.
  • Ossur hf
  • Rewalk Robotics Ltd
  • Orthofix International N.V.
  • Ekso Bionics Holdings Inc.
  • Medtronic plc

Report Highlights 

Key Market Indicators, Market Estimates and Forecast Value, Market Dynamics, Regulatory Guidelines, COVID-19 Impact Analysis, Regional and Country Insights, Competitive Landscape, Company Profiles

FAQs : Artificial Organs and Medical Bionics Market

Global artificial organs and medical bionics market is anticipated to reach US$54,400.0 Mn by 2027.

Global artificial organs and medical bionics market is anticipated to witness CAGR of 10.4% through the forecast period 2022-2027 with US$33,137.5 Mn in 2022.

North America leads the global artificial organs and medical bionics market in terms of value. The region will continue to lead its way through the forecast period to reach 23,083.2 million by 2027.

Kidney segment is anticipated to dominate global artificial organs and medical bionics market by 2027 with the contribution of ~25%.

Polymers material is expected to exhibit strong growth rate of 11.5% during the forecast period (2022-2027).

Our Research Methodology

Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.

Read more
Fairfield Quality assured
Fairfield Confidentiality assured
Fairfield Custom research services