Artificial Organ Market, By Organ Type (Artificial Heart [Prosthetic Heart Valves, Ventricular Assist Devices, and Cardiac Pacemakers], Artificial Kidney, Artificial Pancreas, Artificial Lungs, Cochlear Implants, and Other Organ Types), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI409720 | Publish Date: April 2024 | No. of Pages: 182

Global Artificial Organ Market By Overview

Artificial Organ was valued at US$ 29.7 Billion in 2024 and is projected to grow at a CAGR of 7.10% to reach US$ 55.5 Billion by 2034.

An artificial organ is a medical device that is implanted or integrated into the body to replicate or augment the natural function of the organ. Artificial organs include implantable devices, such as fully artificial hearts and pacemakers, along with organ support machines, such as dialysis and extracorporeal membrane oxygenation (ECMO) machines. Artificial organ could be whole or a part of organ and it designs in way that it should be biocompatible and do not elicit any inflammation to surrounding organ and tissues.   

Global Artificial Organ Market By Dynamics

The ability of artificial organs to retain normal functioning of human organs, either temporarily or permanently, will continue to be the strongest factor driving the demand for the global artificial organs market across the globe. Increasing prevalence of chronic disorders that affect one or multiple vital organs is expected to be another demand for artificial organs. Technological advancements and rising acceptance of organ transplant technology worldwide, will collectively boost the global market growth further. Moreover, increasing awareness among population will mark remarkable growth over forecast periodHowever, certain prosthetic devices, including brain pacemaker, can hardly be repaired or restored by artificial organs. Unaffordable costs of artificial organs and the entire organ implant procedure may remain longstanding restraints to rapid market growth. Several developing regions are still facing a challenge due to uncertain reimbursement policies, which is expected to restrict the market penetration in near future. Moreover, relatively lower awareness about artificial organs and organ transplant, in addition to limited knowledge about the associated surgical procedures will also impede the growth of artificial organs market. Furthermore, maintaining efficiency and quality of artificial organs in the long run is major challenge for the existing medical sector. This will continue to deter the market growth over the next few years as well.

Global Artificial Organ Market By Segmentation

The artificial organ market is segmented based on product, organ type, usability, application, and region.

Based on organ type, the global artificial organ is segmented into artificial heart, artificial kidney, artificial pancreas, artificial lungs, cochlear implants, and other organ types. Artificial kidney is expected to hold its highest market share in the organ type. More than 650,000 patients, per year, in the United States and an estimated 2 million patients worldwide are affected by end-stage renal disease (ESRD). Artificial heart is further is sub segmented into prosthetic heart valves, ventricular assist devices, and cardiac pacemakers.

Based on the region the global artificial organ market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America currently dominates the market for artificial organs, and is expected to continue its stronghold for a few more years. According to the recent report of the Organization for Economic Co-operation and Development (OECD), 2018, about 18% of the GDP is spent on healthcare. Out of this, a substantial part goes into transplants being performed in the United States. Therefore, the United States holds the largest share in the artificial organ market in the North American region.

Artificial Organ Market, By Organ Type:

  • Artificial Heart
    • Prosthetic Heart Valves
    • Ventricular Assist Devices
    • Cardiac Pacemakers
  • Artificial Kidney
  • Artificial Pancreas
  • Artificial Lungs
  • Cochlear Implants
  • Other Organ types

Artificial Organ Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Farm Animal Healthcare Market, By Product
      • Middle East & Africa Farm Animal Healthcare Market, By Animal Type  
      • Middle East & Africa Farm Animal Healthcare Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Farm Animal Healthcare Market, By Product
      • Latin America Farm Animal Healthcare Market, By Animal Type  
      • Latin America Farm Animal Healthcare Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Farm Animal Healthcare Market, By Product
      • Asia Pacific Farm Animal Healthcare Market, By Animal Type  
      • Asia Pacific Farm Animal Healthcare Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • Europe Farm Animal Healthcare Market, By Product
      • Europe Farm Animal Healthcare Market, By Animal Type  
      • Europe Farm Animal Healthcare Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Farm Animal Healthcare Market, By Product
    • North America Farm Animal Healthcare Market, By Animal Type  
    • North America Farm Animal Healthcare Market, By Country
      • U.S.
      • Canada

Global Artificial Organ Market By Key Players

The key players operating the global artificial organ market involves B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corporation, Getinge AB, Medtronic PLC, Thoratec Corporation, Biomet, Inc., Berlin Heart GmbH, ABIOMED, Inc., and HeartWare, Inc... Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in January 2020, Medtronic Receives CE Mark for Cobalt™ and Crome™ Portfolio of BlueSync™-Enabled Implantable Defibrillators, Cardiac Resynchronization Therapy-Defibrillators. ICDs monitor heart rhythms and deliver therapy to correct heart rates that are too fast and can lead to sudden cardiac arrest.

Global Artificial Organ Market By Company Profile

  • Baxter International Inc
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Getinge AB
  • Medtronic PLC
  • Thoratec corporation
  • Biomet, Inc.
  • Berlin Heart GmbH
  • ABIOMED, Inc.
  • HeartWare, Inc.

 “*” marked represents similar segmentation in other categories in the respective section

Global Artificial Organ Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Artificial Organ Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Organ Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Organ Type, 2024 – 2034, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Artificial Heart
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
        • Prosthetic Heart Valves
        • Ventricular Assist Devices
        • Cardiac Pacemakers
    • Artificial Kidney
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
    • Artificial Pancreas
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
    • Artificial Lungs
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
    • Cochlear Implants
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
    • Other Organ types
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
  6. Global Market, By Region, 2024 – 2034, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Organ Type, 2024 – 2034
      • Market Size and Forecast (US$ Mn), By Region, 2024 – 2034
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Organ Type, 2024 – 2034
      • Market Size and Forecast (US$ Mn), By Region, 2024 – 2034
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Organ Type, 2024 – 2034
      • Market Size and Forecast (US$ Mn), By Region, 2024 – 2034
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Organ Type, 2024 – 2034
      • Market Size and Forecast (US$ Mn), By Region, 2024 – 2034
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Organ Type, 2024 – 2034
      • Market Size and Forecast (US$ Mn), By Region, 2024 – 2034
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles 
  • Baxter International Inc.
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Getinge AB
  • Medtronic PLC
  • Thoratec corporation
  • Biomet, Inc.
  • Berlin Heart GmbH
  • ABIOMED, Inc.
  • HeartWare, Inc. 

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Artificial Organ was valued at US$ 29.7 Billion in 2024 and is projected to grow at a CAGR of 7.10% to reach US$ 55.5 Billion by 2034.

The Artificial Organ Market is projected to increase at a CAGR of 7.10% during the forecast period.

The ability of artificial organs to retain normal functioning of human organs, either temporarily or permanently, will continue to be the strongest factor driving the demand for the global artificial organs market across the globe.

Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market

North America held the largest share in the artificial organ implant market, followed by Europe.

Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.