Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Artificial Organs - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Organs estimated at US$21.6 Billion in the year 2022, is projected to reach a revised size of US$38.9 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030.
Artificial Kidneys, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$20.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Artificial Pancreas segment is readjusted to a revised 7.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 7.1% CAGR
The Artificial Organs market in the U.S. is estimated at US$6.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.
Select Competitors (Total 71 Featured) -
- Abbott Laboratories
- Abiomed Inc.
- Asahi Kasei Medical Co., Ltd.
- Baxter International Inc.
- F.Hoffmann-La Roche Ltd.
- Fresenius Medical Care AG & Co. KGaA
- HeartWare International Inc.
- Jarvik Heart Inc.
- Medtronic Inc.
- Nikkiso Co. Ltd.
- Nipro Corp.
- SynCardia Systems LLC
- Toray Medical Co., Ltd.
- Xenios AG
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 288 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $21.6 Billion |
| Forecasted Market Value (USD) by 2030 | $38.9 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Recent Market Activity
- Artificial Organs Revolutionize Medical Industry
- Growth Drivers
- Growth Inhibitors
- Artificial Organs Poised to Witness Significant Demand
- The United States - A Dominant Force in the Artificial Organs Market
- Artificial Kidneys Garner a Larger Pie in the Artificial Organs Market
- Demand and Supply Imbalance
- Competitive Scenario
- Technological Advancements Spearheading Growth
- Artificial Organs - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Incidence of Cardiovascular Disease Drive the Market for Artificial Heart and VAD
- Higher Development Costs and Lengthy Regulatory Process - Stumbling Blocks for Product Commercialization
- Lack of Requisite Expertise - Hindering Implantation Process
- Xenotransplantation - Other Alternative to Donor Organ Shortage
- Artificial Organs from Cloned Animal Cells - A Promising Trend
- Immunosuppressants Hold Promise in Artificial Organs Market
- Move towards Smaller ImplanTable Devices
- Barriers to Entry Significantly High in Dialyzers Market
- Reuse of Dialyzers - A Major Issue in Dialysis Industry
- Poor Reimbursement Environment Stymies Innovation
- Product Recalls - A Major Blow to the Manufacturers
- Higher Cost of Artificial Organs Hampers Broader Adoption
- Major Issues Related to Artificial Organs
- Financial
- Legal
- Ethical
- Social
- UCLA Researchers Develop Cancer-Fighting Cells
- Production of 3D-like Artificial Organs in a Device that Works like a Cotton Candy Machine
- Harvard Scientists Create Tissue Containing Blood Vessels
- University of Washington Researchers Create Communicating Yeast Cells
- Scientists Define Morphospace to Evaluate Viability of Artificial Organs
- Application of 3D-Printing in the Medical Field
- 3D Printing Revolutionizing the Medical Industry's Artificial Organ Development Segment
- "Soft" 3D Bioprinting Eliminates Concerns of Hard Plastic-based Organ Models
- 3D Printed Organ Models with Sensors Enable Real-time Feedback
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/3yac7x
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