The “Global Artificial Organs Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study available on Decisiondatabases.com provides a detailed description of the market and the market flow of the global artificial organs market. The report predicts that the global artificial organs market would touch USD 30.4 BN by 2026 along with a CAGR of 8% within the forecasted period between 2020-2026. The market value was close to USD 18 BN in 2019.
Artificial organs are devices that are implanted in a human body to replace a natural organ or to perform a specific function. They are made from the plastic that is seeded with stem cells from the transplant recipient so that the body’s immune system does not reject the artificial organ. These devices do not require continuous tethering to a power supply or any other stationary resource and can keep patients with serious organ failure alive and functioning for years. Artificial organs are made up of biomaterial. A biomaterial is a living or non-living substance that is introduced to the body as part of artificial organs to substitute an organ or functions associated with it.
They include alumina, zirconia, titanium, tantalum, carbon and composites Artificial organs and bionic implants can also be rejected by the biological systems of the body if they are biologically incompatible and this condition is also termed as transplant rejection.
The increase in the prevalence of injuries and organ failure, rapidly aging population and the growth in the number of technological advancements are the major drivers of the growth of the global artificial organs market. Also, frequent road accidents and injuries leading to amputations coupled with growing public awareness are also factors driving the growth of the global artificial organs market. The high cost of procedures might act as a limitation towards the growth of the global artificial organs market. However, the unavailability and scarcity of organ donors at the required time have encouraged the development of artificial organs technology across the globe.
By organ type, artificial heart, artificial kidney, artificial livers, artificial pancreas and artificial lungs are the segments of the global artificial organs market. These segments are further sub-classified. An artificial heart is sub-classified into prosthetic heart valves and ventricular assist devices. The artificial kidney is sub-classified into dialysis and the artificial livers are sub-classified into liver dialysis, bioartificial liver device (BAL), molecular adsorbent recirculation systems (MARS), single-pass albumin dialysis (SPAD) and prometheus. Artificial pancreas is sub-classified into an insulin pump and artificial lungs are sub-classified into extracorporeal membrane oxygenation and heart-lung machines.
By geography, North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the segments of the global artificial organs market.
The report also covers the complete competitive landscape of the worldwide market with the key players profiled as Asahi Kasei Medical Co. Ltd, Boston Scientific Corporation, Cochlear Limited, Edward Lifesciences Corporation, Jarvik Heart Inc, Medtronic Inc., Össur and Touch Bionics among others. The study covers a detailed outlook with information in terms of H.Q, future capabilities, key mergers & acquisitions, financial overview, partnerships, new product launches and developments.
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