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PUBLISHER: IMARC | PRODUCT CODE: 1370546
PUBLISHER: IMARC | PRODUCT CODE: 1370546
Artificial Vital Organs and Medical Bionics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global artificial vital organs and medical bionics market size reached US$ 44.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 63.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.08% during 2023-2028.
Artificial vital organs are engineered devices that can be implanted into the human body for replacing a natural organ. They reduce the harmful impact of damaged organs while patients wait for organ transplants. On the other hand, medical bionics is a multidisciplinary field of research for developing implantable devices, which are designed to provide long-term safety and effective sensory or motor function to nerve or muscle tissues. They are used to develop cloned liver cells that filter toxins from the plasma and secrete albumin proteins and clotting factors like a normal liver. They also assist in designing an intravenous membrane oxygenator (IMO), which is integrated directly within the vena cava system to oxygenate the blood as it returns to the heart before reaching the natural lungs.
Artificial Vital Organs and Medical Bionics Market Trends:
At present, there is a rise in the prevalence of various diseases, such as respiratory ailments, cirrhosis, and heart, kidney, and liver failures. This, along with the burgeoning healthcare industry, represents one of the key factors driving the market. Besides this, the increasing geriatric population that is highly prone to organ disorders across the globe is contributing to the growth of the market. In addition, the growing development of novel products, such as full-functioning artificial hearts, livers, lungs, urethras, windpipes, and livers, is positively influencing the market. Moreover, key market players are extensively investing in research and development (R&D) activities to introduce new techniques of organ regeneration through engineered tissues, which is offering a positive market outlook. Apart from this, the rising demand for artificial organs due to the development of bioartificial organs with improved survival rates and faster recuperation of patients is propelling the growth of the market. Additionally, the implementation of life-saving technologies, such as the bridge to transplant and the bridge to recovery in critical cases, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global artificial vital organs and medical bionics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Artificial Vital Organs
Artificial Liver
Artificial Heart
Artificial Pancreas
Artificial Kidney
Artificial Lungs
Oxygenators
Medical Bionics
Bionic Limbs
Vision Bionics
Ear Bionics
Exoskeletons
Brain Bionics
Heart Valves
Cardiac Bionics
Breakup by Application:
Hospitals
Clinics
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abiomed, BiVACOR Inc, CARMAT, Cirtec Medical, Edwards Lifesciences, Ekso Bionics Holdings Inc., Nikkiso Co. Ltd., Second Sight Medical Products Inc and SynCardia Systems LLC (Picard Medical Inc.).
Key Questions Answered in This Report
- 1. How big is the global artificial vital organs and medical bionics market?
- 2. What is the expected growth rate of the global artificial vital organs and medical bionics market during 2023-2028?
- 3. What are the key factors driving the global artificial vital organs and medical bionics market?
- 4. What has been the impact of COVID-19 on the global artificial vital organs and medical bionics market?
- 5. What is the breakup of the global artificial vital organs and medical bionics market based on the product type?
- 6. What are the key regions in the global artificial vital organs and medical bionics market?
- 7. Who are the key players/companies in the global artificial vital organs and medical bionics market?
Product Code: SR112023A6458
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Artificial Vital Organs and Medical Bionics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Artificial Vital Organs
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Artificial Liver
- 6.1.2.2 Artificial Heart
- 6.1.2.3 Artificial Pancreas
- 6.1.2.4 Artificial Kidney
- 6.1.2.5 Artificial Lungs
- 6.1.2.6 Oxygenators
- 6.1.3 Market Forecast
- 6.2 Medical Bionics
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Bionic Limbs
- 6.2.2.2 Vision Bionics
- 6.2.2.3 Ear Bionics
- 6.2.2.4 Exoskeletons
- 6.2.2.5 Brain Bionics
- 6.2.2.6 Heart Valves
- 6.2.2.7 Cardiac Bionics
- 6.2.3 Market Forecast
7 Market Breakup by Application
- 7.1 Hospitals
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Clinics
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Abiomed
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 BiVACOR Inc
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 CARMAT
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Cirtec Medical
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Edwards Lifesciences
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Ekso Bionics Holdings Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Nikkiso Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Second Sight Medical Products Inc
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 SynCardia Systems LLC (Picard Medical Inc.)
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 SWOT Analysis
- 13.3.1 Abiomed
Product Code: SR112023A6458
List of Figures
- Figure 1: Global: Artificial Vital Organs and Medical Bionics Market: Major Drivers and Challenges
- Figure 2: Global: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Artificial Vital Organs and Medical Bionics Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Artificial Vital Organs and Medical Bionics Market: Breakup by Application (in %), 2022
- Figure 6: Global: Artificial Vital Organs and Medical Bionics Market: Breakup by Region (in %), 2022
- Figure 7: Global: Artificial Vital Organs and Medical Bionics (Artificial Vital Organs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Artificial Vital Organs and Medical Bionics (Artificial Vital Organs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Artificial Vital Organs and Medical Bionics (Medical Bionics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Artificial Vital Organs and Medical Bionics (Medical Bionics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Artificial Vital Organs and Medical Bionics (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Artificial Vital Organs and Medical Bionics (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Artificial Vital Organs and Medical Bionics (Clinics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Artificial Vital Organs and Medical Bionics (Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Artificial Vital Organs and Medical Bionics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Artificial Vital Organs and Medical Bionics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: North America: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: North America: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: United States: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: United States: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Canada: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Canada: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Asia-Pacific: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Asia-Pacific: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: China: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: China: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Japan: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Japan: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: India: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: India: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: South Korea: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: South Korea: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Australia: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Australia: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Indonesia: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Indonesia: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Others: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Others: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Europe: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Europe: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Germany: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Germany: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: France: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: France: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United Kingdom: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United Kingdom: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Italy: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Italy: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Spain: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Spain: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Russia: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Russia: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Others: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Others: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Latin America: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Latin America: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Brazil: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Brazil: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Mexico: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Mexico: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Middle East and Africa: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Middle East and Africa: Artificial Vital Organs and Medical Bionics Market: Breakup by Country (in %), 2022
- Figure 65: Middle East and Africa: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Global: Artificial Vital Organs and Medical Bionics Industry: SWOT Analysis
- Figure 67: Global: Artificial Vital Organs and Medical Bionics Industry: Value Chain Analysis
- Figure 68: Global: Artificial Vital Organs and Medical Bionics Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Artificial Vital Organs and Medical Bionics Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Artificial Vital Organs and Medical Bionics Market: Competitive Structure
- Table 6: Global: Artificial Vital Organs and Medical Bionics Market: Key Players
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