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Global Artificial Organs and Bionic Implants Market to reach USD 56.32 billion by the end of 2030

Global Artificial Organs and Bionic Implants Market Size study & Forecast, by Product (Artificial Organs, Artificial Bionics) by Technology (Mechanical bionics, electronic bionics) and Regional Analysis, 2023-2030

Product Code: HLSMDE-43654914
Publish Date: 20-10-2023
Page: 200

Global Artificial Organs and Bionic Implants Market is valued at approximately USD 27.65 billion in 2022 and is anticipated to grow with a growth rate of more than 9.3% over the forecast period 2023-2030. Artificial organs and bionic implants are medical devices that are designed to replace or enhance the function of specific organs or body parts. They are developed to assist individuals with organ failure, physical disabilities, or other medical conditions that affect the normal functioning of their bodies. Artificial organs and bionic implants have significantly advanced in recent years, improving the quality of life for many individuals with medical conditions or disabilities. The Artificial Organs and Bionic Implants market is expanding because of factors such as rising incidence of organ failures and increasing prevalence of Kidney chronic diseases.

The rising prevalence of chronic diseases, such as cardiovascular diseases, kidney failure, diabetes, and organ failures, has created a growing demand for artificial organs and bionic implants. These devices provide a solution for patients who are unable to receive organ transplants or have failed conventional treatments. the Centres for Disease Control and Prevention (CDC) reported that 37 million Americans, or more than 1 in 7 persons, had chronic kidney disease in 2021. Similarly, as per a report by the national health portal of the Indian Government in July 2022, the prevalence of end-stage renal disease (ESRD) in India is leading to a significant rise in the number of new patients, estimated at approximately 2.2 lakh each year. Thus, rising prevelance of kidney chronic disease across the globe is fostering the market growth. Along with these, factors such as the rising rate of organ failures, the high rate of traffic accidents resulting in amputations, the lack of organ donors, and technological improvements will propel market expansion. For example, according to the article “Organ donation in India – There is light at the end of the tunnel” published in April 2022, it is projected that almost 5 lakh Indians suffer from organ failure each year, but only 2%–3% of them obtain a life-saving transplant. It is projected that the burden of organ failure will open up chances for artificial organs and the Indian bionics sector. As a result, it is projected that this would result in the artificial organs and bionics market growth over the projected years. In addition, rising investments and research initiatives and technological advancements in the artificial organ and bionics is creating a lucrative opportunity to the market growth. However, the high cost of artificial organs and bionic implants and regulatory hurdles stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Artificial Organs and Bionic Implants Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the dominance of key market players, rising prevalence of kidney disorders, rising technological advancement and investment for research and development activities in the region. Whereas, Asia Pacific region is projected to have fastest growth owing to factors such as rising prevelance of chronic diseases, rising number of organ transplantation activities, favorable government reimbursement policies in the region.

Major market player included in this report are:
Abiomed Inc
Asahi Kasei Medical Co., Ltd
Baxter International Inc.
Berlin Heart GmbH
Boston Scientific Corporation
Cyberonics Inc.
Ekso Bionics Holdings Inc.
Ossur hf
Getinge AB

Recent Developments in the Market:
Ø In August 2022, The Kidney Innovation Accelerator announced a new prize competition, with the American Society of Nephrology and the US Department of Health and Human Services offering USD 10.5 million in total prize money. In Phase 2 of the Artificial Kidney Prize competition, ideas for developing prototype bioartificial kidneys are being sought after, as well as any innovative tools or components that could enable them.
Ø In January 2022, IIT-Kanpur has begun working on developing a cutting-edge artificial heart. This project was launched in cooperation with a few hospitals in India, and it will be overseen by a team of innovative thinkers with relevant experience who were hand-picked with the help of a task force composed of business executives.

Global Artificial Organs and Bionic Implants Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Technology, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Artificial Organs
Artificial Bionics

By Technology:
Mechanical bionics
Electronic bionics

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Artificial Organs and Bionic Implants Market, by region, 2020-2030 (USD Billion)
1.2.2. Artificial Organs and Bionic Implants Market, by Product, 2020-2030 (USD Billion)
1.2.3. Artificial Organs and Bionic Implants Market, by Technology, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Artificial Organs and Bionic Implants Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Artificial Organs and Bionic Implants Market Dynamics
3.1. Artificial Organs and Bionic Implants Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising incidence of organ failures Increasing prevalence of chronic Kidney diseases.
3.1.2. Market Challenges High Cost of Artificial Organs and Bionic Implants Regulatory Hurdles
3.1.3. Market Opportunities Rising investments and research initiatives Technological advancements in the artificial organ and bionics
Chapter 4. Global Artificial Organs and Bionic Implants Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Artificial Organs and Bionic Implants Market, by Product
5.1. Market Snapshot
5.2. Global Artificial Organs and Bionic Implants Market by Product, Performance – Potential Analysis
5.3. Global Artificial Organs and Bionic Implants Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Artificial Organs and Bionic Implants Market, Sub Segment Analysis
5.4.1. Artificial Organs
5.4.2. Artificial Bionics
Chapter 6. Global Artificial Organs and Bionic Implants Market, by Technology
6.1. Market Snapshot
6.2. Global Artificial Organs and Bionic Implants Market by Technology, Performance – Potential Analysis
6.3. Global Artificial Organs and Bionic Implants Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
6.4. Artificial Organs and Bionic Implants Market, Sub Segment Analysis
6.4.1. Mechanical bionics
6.4.2. Electronic bionics
Chapter 7. Global Artificial Organs and Bionic Implants Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Artificial Organs and Bionic Implants Market, Regional Market Snapshot
7.4. North America Artificial Organs and Bionic Implants Market
7.4.1. U.S. Artificial Organs and Bionic Implants Market Product breakdown estimates & forecasts, 2020-2030 Technology breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Artificial Organs and Bionic Implants Market
7.5. Europe Artificial Organs and Bionic Implants Market Snapshot
7.5.1. U.K. Artificial Organs and Bionic Implants Market
7.5.2. Germany Artificial Organs and Bionic Implants Market
7.5.3. France Artificial Organs and Bionic Implants Market
7.5.4. Spain Artificial Organs and Bionic Implants Market
7.5.5. Italy Artificial Organs and Bionic Implants Market
7.5.6. Rest of Europe Artificial Organs and Bionic Implants Market
7.6. Asia-Pacific Artificial Organs and Bionic Implants Market Snapshot
7.6.1. China Artificial Organs and Bionic Implants Market
7.6.2. India Artificial Organs and Bionic Implants Market
7.6.3. Japan Artificial Organs and Bionic Implants Market
7.6.4. Australia Artificial Organs and Bionic Implants Market
7.6.5. South Korea Artificial Organs and Bionic Implants Market
7.6.6. Rest of Asia Pacific Artificial Organs and Bionic Implants Market
7.7. Latin America Artificial Organs and Bionic Implants Market Snapshot
7.7.1. Brazil Artificial Organs and Bionic Implants Market
7.7.2. Mexico Artificial Organs and Bionic Implants Market
7.8. Middle East & Africa Artificial Organs and Bionic Implants Market
7.8.1. Saudi Arabia Artificial Organs and Bionic Implants Market
7.8.2. South Africa Artificial Organs and Bionic Implants Market
7.8.3. Rest of Middle East & Africa Artificial Organs and Bionic Implants Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Abiomed Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Asahi Kasei Medical Co., Ltd
8.3.3. Baxter
8.3.4. Berlin Heart GmbH
8.3.5. Boston Scientific Corporation
8.3.6. Cyberonics Inc.
8.3.7. Ekso Bionics Holdings Inc.
8.3.8. Ossur
8.3.9. Getinge AB
8.3.10. Medtronic
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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