Vascodagama Online Journal

Artificial Organ And Bionics | Market Research Report: Exhibiting Steadfast CAGR Of 9.6% Would Reach USD 54 Billion By 2027 | Grand View Research, Inc.

 Breaking News
  • No posts were found

Artificial Organ And Bionics | Market Research Report: Exhibiting Steadfast CAGR Of 9.6% Would Reach USD 54 Billion By 2027 | Grand View Research, Inc.

November 22
17:57 2021
Artificial Organ And Bionics | Market Research Report: Exhibiting Steadfast CAGR Of 9.6% Would Reach USD 54 Billion By 2027 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, key drivers of the market for artificial organ and bionics are increasing number of transplants coupled with rising number of people waiting for donors.

The global artificial organ and bionics market size is expected to reach USD 53.9 billion by the year 2027, expanding at a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Growing incidence of organ failure has resulted in massive growth in the human made organ and bionics devices. Rising demand for donors to transplant kidney, heart, lungs, liver, and pancreas is a major factor boosting market growth. Moreover, many biotechnology and medical device companies have begun to concentrate on the development of 3D printed bionic. These devices use myoelectric technology and sensory electric technology that enables mobility of synthetic human body parts.

Increasing number of product launches and speedy FDA approval of these devices are bridging the shortage of donors. Rising R&D in the field of synthetic human body parts is also boosting artificial organs and bionics market growth. For instance, February 2020, the U.S. FDA approved Carmat’s early feasibility study of its artificial heart. The device is an alternative for heart transplant for people suffering from end stage biventricular heart failure. Thus, with increasing healthcare expenditure and speedy FDA approval of synthetic human body parts, the market is expected to see robust growth during the forecast period. 

Artificial Organ And Bionics Market Report Highlights

 Artificial organs segment was the largest revenue-generating amongst others due to escalating number of transplant procedures

The bionics segment is also expected to witness the highest CAGR owing to advancement in products

The kidney segment accounted for the largest market share of approximately 57.0% in the year 2019

The cochlear implant segment is expected to register highest growth rate owing to increasing geriatric population

North America was the leading regional segment in 2019 and is expected to maintain its position during the forecast period owing to presence of advance healthcare facilities.

Existence of large number of research laboratories, biotechnology, and medical device companies in North America is the major factor contributing to its large share.

 

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/artificial-organ-and-bionics/request/rs15

 

Artificial Organ And Bionics Market Segmentation

Grand View Research has segmented the global artificial organ and bionics market on the basis of product, technology, and region:

Artificial Organ And Bionics Product Outlook (Revenue, USD Million, 2016 – 2027)    

• Artificial Organs             

  • Kidney             

  • Heart             

  • Lungs             

  • Liver             

  • Pancreas     

• Artificial Bionics            

  • Cochlear implant             

  • Exoskeleton             

  • Bionic limbs             

  • Vision bionics            

  • Brain bionics

Artificial Organ And Bionics Technology Outlook (Revenue, USD Million, 2016 – 2027)    

• Mechanical bionics     

• Electronic bionics

Artificial Organ And Bionics Regional Outlook (Revenue, USD Million, 2016 – 2027)     

North America        

  • The U.S.         

  • Canada     

• Europe         

  • Germany         

  • The U.K.         

  • Spain         

  • Italy         

  • France     

• Asia Pacific         

  • China         

  • India         

  • Japan         

  • South Korea         

  • Australia     

• Latin America         

  • Brazil         

  • Mexico  

  • Colombia         

  • Argentina     

• MEA         

  • Saudi Arabia         

  • South Africa     

  • UAE

List of Key Players of Artificial Organ And Bionics Market     

Zimmer Biomet     

Medtronic     

Abbott     

ABIOMED, INC     

Berlin Heart Gmbh     

Biomet, Inc     

Boston Scientific Corporation

 

Fill the Pre-Order Enquiry Form for the Report @ https://www.grandviewresearch.com/inquiry/410/ibb

 

Browse Related Reports:

Wearable Artificial Organs MarketSize, Share & Trends Analysis Report By Product (Kidney, Cochlear Implant, Exoskeleton, Vision Bionics, Brain Bionics), By Technology (Mechanical, Electronic), By Region, And Segment Forecasts, 2020 – 2027.

 

Bionic Eye MarketSize, Share & Trends Analysis Report By Type (External, Implanted), By Technology (Electronic, Mechanical), By End Use (Hospitals, Ophthalmic Clinics), By Region, And Segment Forecasts, 2020 – 2027.

 

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/artificial-organ-and-bionics