Wearable Organs Market Size to Reach USD 20.67 Bn by 2028 | Insufficient Availability of Organ Donors & Increasing Applicability with New Use Cases of Wearable Organs will be the Key Factor Driving the Industry Growth, Says Emergen Research

Major companies operating in Wearable Organs Market include Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Ekso Bionics Holdings Inc., Neurotron Biotechnology, Cochlear Ltd., HDT Global, Inc., AWAK Technology, ReWalk Robotics, and Second Sight Medical Products, Inc.

Vancouver, British Columbia, Feb. 03, 2021 (GLOBE NEWSWIRE) -- The global Wearable Organs Market is projected to reach a market size of USD 20.67 Billion in 2028 and register a substantially high revenue growth rate of 17.5%, during the eight-year forecast period, according to latest analysis by Emergen Research. The growing emergence of artificial, biocompatible, and man-made devices that are designed to be capable of replicating the human organs by interacting directly with the cell and nervous systems of the body are helping in the market growth substantially.

Increasing incidences of organ failure, deficient availability of organ donors, rising importance for improving the quality of the defective organs and technological advancements in biotechnology that leverages possibilities of successfully implanting wearable organs and increasing the success rates for the same, the market is predominantly being driven. The rise in the geriatric population, coupled with an increase in life-threatening & chronic diseases such as cancer, diabetes, respiratory & heart diseases, kidney diseases that over the time substantially heightened the incidences of organ failure, created a supplementary way for the wearable organ market growth.

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Key Highlights of Report

  • In June 2020, Medtronic PLC launched a new version of the advanced and hybrid closed-loop artificial pancreas algorithm based insulin delivery system that help young adults and teenagers with type 1 diabetes.
  • Europe has emerged as a leading business area, accounting for a market share of 36.1% in 2019, and SA represents the bulk of the market share in the revenue. The high prevalence of food-related allergies is projected to increase the dependence on safety checks among consumers in the region.
  • In terms of revenue, the category of meat, poultry, and seafood products dominated the market with a share of 28.9% in 2019. The growth in the segment over the forecast period will be driven by the rising consumption of meat and meat products worldwide and a high risk of disease in red meats.
  • Major companies operating in Wearable Organs Market include Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Ekso Bionics Holdings Inc., Neurotron Biotechnology, Cochlear Ltd., HDT Global, Inc., AWAK Technology, ReWalk Robotics, and Second Sight Medical Products, Inc.

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Emergen Research has segmented the Wearable Organs Market in terms of product, technology, application, and region:

  • Product Outlook (Revenue, USD Billion; 2018–2028)
    • Kidney
    • Pancreas
    • Cochlear Implants
    • Exoskeleton
    • Bionic Limbs
    • Vision Bionics
    • Brain Bionics
    • Others
  • Technology Outlook (Revenue, USD Billion; 2018–2028)
    • Electronics
    • Mechanical
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Organ Replication
    • Organ Efficacy
    • Clinical Testing

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  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East & Africa

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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