Artificial Organ and Bionics Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Artificial Organ and Bionics market size is estimated at USD 24,008.4 Million in 2020, expanding at a CAGR of 10.1% from 2021 to 2027 to reach 31,400.8 Million USD in 2027.
Market Dynamics
Diabetes is one of the most common causes of chronic kidney disease (CKD) and the leading cause of kidney failure, according to a 2019 report from the Centers for Disease Control and Prevention. According to the report's data, the percentage of adults with diabetes who have advanced stage CKD (stage 3 or 4) increased from 19.5 percent in 1999–2004 to 24.5 percent in 2011–2014. Furthermore, the prevalence of diabetes is rising.
When the kidneys fail, hemodialysis is used to remove waste products such as creatinine and urea, as well as free water, from the blood. The artificial kidney cleans the patient's blood. As a result, an artificial kidney is also known as a dialysis machine. Dialysis is a vital bodily function that involves the filtration and excretion of metabolic waste products, the regulation of essential electrolytes and fluids, and the stimulation of red blood cell production. As a result, as the prevalence of kidney failure rises, so will the demand for artificial kidneys.
Regional Insights
North America currently dominates the market for artificial organs and bionics and is expected to do so for the foreseeable future. The United States has the largest market share in North America. The rising prevalence of chronic diseases, as well as the increased demand for non-invasive surgical procedures, are contributing to the North American region's dominance in the artificial organs and bionics market. The presence of well-developed healthcare infrastructure is also expected to drive the market forward.
Segment Insights
The Artificial Organ and Bionics market is fragmented into type, and technology segments. Based on the type, the artificial organ segment is anticipated to dominate the market. Based on technology, mechanical bionics dominates the market in the forecast period.
Competitive Insights
The majority of artificial organs and bionics are produced by global key players. Market leaders have established their market position by investing more in research and developing a better distribution system. Furthermore, as awareness grows, some small players are emerging in Asia-Pacific. This has also aided the market's expansion.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Artificial organs and Bionics by type, technology, and region. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- ABIOMED, INC
- Berlin Heart GmbH
- Biomet, Inc
- Zimmer Biomet
- Boston Scientific Corporation
- Cochlear, LTD
- Edward Lifesciences Corporations
- Ekso Bionics
- Heartware International, Inc
- Iwalk, Inc.
- Jarvik Heart, Inc
- SynCardia Systems, Inc
- Medtronic, Inc
- Orthofix International N.V
- Ossur
- Jude Medical, Inc.
- Second Sight Medical Products, Inc.
- Baxter International, Inc.
- Asahi Kasei Medical Co., Ltd
- F Hoffman – La Roche Ltd
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
-
-
- Artificial Organs
- Artificial Heart
- Artificial Kidney
- Artificial Lungs
- Cochlear Implants
- Other Organ Types
- Bionics
- Vision Bionics
- Ear Bionics
- Orthopedic Bionics
- Cardiac Bionics
- Artificial Organs
-
Technology Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Electronic Bionics
- Mechanical Bionics
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Artificial Organ and Bionics Market Overview
1.1. Product Overview and Scope of Artificial Organ and Bionics
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Artificial Organ and Bionics Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Artificial Organs
1.3.1.1. Artificial Heart
1.3.1.2. Artificial Kidney
1.3.1.3. Artificial Lungs
1.3.1.4. Cochlear Implants
1.3.1.5. Other Organ Types
1.3.2. Bionics
1.3.2.1. Vision Bionics
1.3.2.2. Ear Bionics
1.3.2.3. Orthopedic Bionics
1.3.2.4. Cardiac Bionics
1.4. Global Artificial Organ and Bionics Comparison by Technology: 2020 VS 2027
1.4.1. Electronic Bionics
1.4.2. Mechanical Bionics
1.5. Global Artificial Organ and Bionics Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Artificial Organ and Bionics Estimates
1.5.2. Europe Artificial Organ and Bionics Estimates
1.5.3. Asia Pacific Artificial Organ and Bionics Estimates
1.5.4. South America Artificial Organ and Bionics Estimates
1.5.5. Middle East & Africa Artificial Organ and Bionics Estimates
2. Market Competition by Manufacturers
2.1. Global Artificial Organ and Bionics Revenue Market Share by Manufacturers (2020)
2.2. Artificial Organ and Bionics Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Artificial Organ and Bionics Average Price by Manufacturers (2020-2027)
2.4. Manufacturers Artificial Organ and Bionics Production Sites, Area Served, Product Types
2.5. Artificial Organ and Bionics Market Competitive Situation and Trends
2.5.1. Artificial Organ and Bionics Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Artificial Organ and Bionics Consumption by Region (2020-2027)
3.1. Global Artificial Organ and Bionics Consumption by Region
3.2. Global Artificial Organ and Bionics Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Artificial Organ and Bionics Consumption Growth Rate (2020-2027)
3.2.3. North America Artificial Organ and Bionics Consumption, Price and Gross Margin (2020-2027)
3.2.4. North America Artificial Organ and Bionics Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Artificial Organ and Bionics Consumption Growth Rate (2020-2027)
3.2.7. Europe Artificial Organ and Bionics Consumption, Price and Gross Margin (2020-2027)
3.2.8. Europe Artificial Organ and Bionics Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Artificial Organ and Bionics Consumption Growth Rate (2020-2027)
3.2.11. Asia Pacific Artificial Organ and Bionics Consumption, Price and Gross Margin (2020-2027)
3.2.12. Asia Pacific Artificial Organ and Bionics Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Artificial Organ and Bionics Consumption Growth Rate (2020-2027)
3.2.15. South America Artificial Organ and Bionics Consumption, Price and Gross Margin (2020-2027)
3.2.16. South America Artificial Organ and Bionics Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Artificial Organ and Bionics Consumption Growth Rate (2020-2027)
3.2.19. Middle East and Africa Artificial Organ and Bionics Consumption, Price and Gross Margin (2020-2027)
3.2.20. Middle East and Africa Artificial Organ and Bionics Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Artificial Organ and Bionics Consumption by Type (2020-2027)
4.1. Global Artificial Organ and Bionics Price by Type (2020-2027)
4.2. Global Artificial Organ and Bionics Revenue Market Share by Type (2020-2027)
4.2.1. Artificial Organs
4.2.1.1. Artificial Heart
4.2.1.2. Artificial Kidney
4.2.1.3. Artificial Lungs
4.2.1.4. Cochlear Implants
4.2.1.5. Other Organ Types
4.2.2. Bionics
4.2.2.1. Vision Bionics
4.2.2.2. Ear Bionics
4.2.2.3. Orthopedic Bionics
4.2.2.4. Cardiac Bionics
5. Global Artificial Organ and Bionics by Technology (2020-2027)
5.1. Global Artificial Organ and Bionics Price by Technology (2020-2027)
5.2. Global Artificial Organ and Bionics Revenue Market Share by Technology (2020-2027)
5.2.1. Electronic Bionics
5.2.2. Mechanical Bionics
6. Key Companies Profiled
6.1.1. ABIOMED, INC
6.1.2. ABIOMED, INC Artificial Organ and Bionics Corporation Information
6.1.3. ABIOMED, INC Artificial Organ and Bionics Product Portfolio
6.1.4. ABIOMED, INC Artificial Organ and Bionics Consumption, Price and Gross Margin (2020-2027)
6.1.5. ABIOMED, INC Main Business and Markets Served
6.1.6. ABIOMED, INC Recent Developments/Updates
6.2. Berlin Heart GmbH
6.3. Biomet, Inc
6.4. Zimmer Biomet
6.5. Boston Scientific Corporation
6.6. Cochlear, LTD
6.7. Edward Lifesciences Corporations
6.8. Ekso Bionics
6.9. Heartware International, Inc
6.10. Iwalk, Inc.
6.11. Jarvik Heart, Inc
6.12. SynCardia Systems, Inc
6.13. Medtronic, Inc
6.14. Orthofix International N.V
6.15. Ossur
6.16. St. Jude Medical, Inc.
6.17. Second Sight Medical Products, Inc.
6.18. Baxter International, Inc.
6.19. Asahi Kasei Medical Co., Ltd
6.20. F Hoffman – La Roche Ltd
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Artificial Organ and Bionics Distributors List
7.3. Artificial Organ and Bionics Customers
8. Market Dynamics
8.1. Artificial Organ and Bionics Industry Trends
8.2. Artificial Organ and Bionics Growth Drivers
8.3. Artificial Organ and Bionics Market Challenges
8.4. Artificial Organ and Bionics Market Restraints
9. Global Artificial Organ and Bionics Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Artificial Organ and Bionics, by Regions and Country
9.1.1. North America Forecasted Consumption of Artificial Organ and Bionics by Country
9.1.2. Europe Market Forecasted Consumption of Artificial Organ and Bionics by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Artificial Organ and Bionics by Region
9.1.4. Latin America Forecasted Consumption of Artificial Organ and Bionics by Country
9.1.5. Middle East and Africa Forecasted Consumption of Artificial Organ and Bionics by Country
10. Global Artificial Organ and Bionics Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Artificial Organ and Bionics by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Artificial Organ and Bionics by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Type
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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