Artificial Organs Bionic Implants Market
Artificial Organs Bionic Implants Market
Artificial organs bionic implants market revenue to generate USD 94.2 Billion by 2033, according to KDMI analyst’s growth analysis. The market is segmented by product, by method of fixation, by technology, by end-user, and by Region.
Artificial Organs Bionic Implants Market Size Survey Report – In a Glance
As per the survey report on global Artificial organs bionic implants market, the market is projected to foresee a CAGR of 6.6% between 2024-2033, and further generate a market size of USD 94.2 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 52.3 billion revenue.
- The global artificial organs bionic implants market is projected to grow on account of the increasing incidence of organ failure.
- In Japan, the artificial organs bionic implants market growth can be attributed to the increasing geriatric population.
- KDMI analyst’s growth analysis foresees high cost of implants to challenge the market growth.
- North America, having the highest market share in the artificial organs bionic implants market, is projected to dominate the global market.
Artificial Organs Bionic Implants Market Analysis
An artificial organ is a human-made device engineered to replicate or mimic the activity of a natural organ whereas a bionic implant is a similar high-tech device implanted in the body to restore or strengthen the body’s functional or sensory capabilities. The rising prevalence of organ failure is a major catalyst for the artificial organs and bionic implants market expansion. In recent years, multi organ failure (MOF) has reached alarming levels in most intensive care units and is rapidly turning into the top cause of death due to the shortage of the number of organ donors which result in longer waiting and finally death. Statistics revealed that around 103,223 people are waiting for transplants and near about 17 people succumb to death each day waiting for an organ transplant. It has also been reported that in 2023, almost 46,000+ transplants were carried out.
Pancreum, Inc. (U.S.), Beta Bionics Inc. (U.S.), Integra LifeSciences (U.S.), are some of the significant parties in the global market for artificial organs bionic implants.
Analyst’s Observation on Japan Artificial Organs Bionic Implants Market Survey
In Japan, the market growth for artificial organs and bionic implants can be attributed to the increasing geriatric population. The surge in organ failure in the aging population of the country is creating a higher need for artificial organs and bionic implants. As people age, organs naturally become less functional or deteriorate resulting in fatal conditions like organ failure. Artificial organs or bionic implants have the capability to provide improved body functionality and overall health, eventually leading to the progression of the artificial organs bionic implants market across the nation. Moreover, the country is turning greyer over time containing more people of 65 years of age impacting the global elderly demographic. Report states that greater than 1 in 10 people in Japan fall in the age group of 80 or above holding the position of having the world's oldest population worldwide. Terumo Corporation (Japan), Nipro Europe Group Companies (Japan), Asahi Kasei Corporation (Japan), are some of the significant parties in the market for artificial organs bionic implants in Japan.
Artificial Organs Bionic Implants Market: Report Scope |
|
Base Year |
2023 |
Estimated Market Size |
USD 52.3 Billion in 2024 |
Forecast Year |
2024-2033 |
Projected Market Size |
USD 94.2 Billion in 2033 |
CAGR Value |
6.6% |
Artificial organs bionic implants Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Artificial organs bionic implants Market Segmentation |
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Artificial organs bionic implants Market Key Players |
CONMED Corporation (U.S.), Wright Medical Group N.V. (U.S.), Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (U.K.), and others. |
Artificial Organs Bionic Implants Market Growth Driver and Challenges
Growth Driver
Increasing accidents and injuries:
One of the key growth drivers that thrust the medical bionic implant and artificial organs business is the increasing number of accidents and injuries. Millions of people lose their lives each year due to road accidents and many suffer injuries including disabilities, causing economic losses. According to the Global status report on road safety 2023, around 50% of road traffic deaths occur among at-risk road users (pedestrians, motorcyclists, and cyclists), with drivers and passengers of four-wheeled vehicles being responsible for 40% of mortalities.Generally, severe accidents are coupled with severe trauma and damaged organs, tissues or limbs which create the demand for artificial organs or bionic implants to replace the body functionality lost due to injury.
Restraint
High cost of implants:
Artificial organs and bionic implants are preferred by a limited number of people due to the high cost associated with an organ-transplant surgery. The high cost is mainly due to the application of advanced technology and the expensive production process involved. It was found that the average kidney transplant cost was US$442,500 in 2020. Currently, bioengineers are focused on developing artificial limbs that possess the ability to do all daily activities normally with the help of artificial intelligence (AI) and robotics. The evolving advanced innovations from the development of drugs and vaccines, to improving medical diagnosis and treatment with the help of artificial intelligence (AI) and machine learning will make the overall artificial organs and bionic implant transplantation surgery costlier, eventually hindering the market growth globally.
Artificial Organs Bionic Implants Market Segmentation
Our experts at KD Market Insights have segmented the global artificial organs bionic implants market research report as:
By Product |
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By Method of fixation |
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By Technology |
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By End-user |
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By Region |
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Artificial Organs Bionic Implants Market Regional Synopsis
The North America Artificial organs bionic implants market is majorly driven by the existence of advanced medical infrastructure, a high occurrence and prevalence of chronic diseases, and continuous technological advancements in healthcare. The increasing burden of chronic diseases and the aging population are also increasing the demand for organ transplants, resulting in the artificial organs bionic implants market growth in North America. In addition, the presence of top-tier companies, ongoing research and development (R&D) activities, and favorable government initiatives further strengthen the region’s market standing. Although a recent spike has been observed in the number of donors, this increase has failed to match the growing need for transplant organs. In 2023, a record 46,632 transplants were carried out in the United States alone.
The Asia-Pacific region is forecasted to yield the fastest growth rate during the prediction time-frame. This growth is triggered by the increasing incidence of chronic diseases, growing healthcare spending, and rising awareness of organ transplantation in emerging economies such as China, Japan, and India. The region's vast demographic base, together with the rising burden of chronic diseases such as diabetes and cardiovascular conditions, is generating a strong demand for artificial organs. Moreover, the growing middle-class population, well-established healthcare infrastructure, and increasing government initiatives to endorse organ donation play an important role in the Asia-Pacific artificial organs and bionic implants market growth.
As per our analysts at KD Market Insights, the following five players lead the North America Artificial organs bionic implants market growth:
- Globus Medical (U.S.)
- DJO, LLC (U.S.)
- NuVasive, Inc. (U.S.)
- ORTHOPAEDIC IMPLANT CO. (U.S.)
- Aesculap Inc. (U.S.)
Artificial Organs Bionic Implants Market Competitive Landscape
Some of the key players who top the global artificial organs bionic implants market share:
- Medtronic
- Boston Scientific
- Roche
- Zimmer Biomet
- Asahi Kasei Medical
- Baxter International
- Abiomed
- Berlin Heart
- Thoratec
- Gambro AB
- Jarvik Heart
- CONMED Corporation (U.S.)
- Wright Medical Group N.V. (U.S.)
- Executive Summary
- Market Overview
- Key Findings
- Market Trends
- Market Outlook
- Introduction
- Scope of the Report
- Research Methodology
- Definitions and Assumptions
- Acronyms and Abbreviations
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Global Artificial Organs Bionic Implants Market
- Market Overview
- Market Size and Forecast
- Market Segmentation
- By Product
- By Method of fixation
- By Technology
- By End-user
- By Region
- Market Segmentation by Product
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- Vision Bionics
- Ear Bionics
- Orthopaedic Bionics
- Heart Bionics
- Neural/Brain Bionics
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- Market Segmentation by Method of fixation
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- Implantable
- Externally Worn
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- Market Segmentation by Technology
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- Electronic
- Mechanical
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- Market Segmentation by End-user
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- Hospital and clinics
- Research and Academic Institutes
- Others
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- Regional Analysis
- North America
- United States
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Canada
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Mexico
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- United States
- Europe
- United Kingdom
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Germany
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- France
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Italy
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Spain
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Rest of Europe
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- United Kingdom
- Asia Pacific
- China
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Japan
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- India
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Australia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- South Korea
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Rest of Asia Pacific
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- China
- Latin America
- Brazil
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Argentina
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Colombia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Rest of Latin America
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Brazil
- Middle East & Africa
- South Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Saudi Arabia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- UAE
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- Rest of Middle East & Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, Method of fixation, Technology and End-user
- South Africa
- North America
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- Medtronic (Ireland)
- IBM
- Apple Inc.
- Siemens Medical Solutions
- Pepperl+Fuchs
- Cisco
- GE Healthcare
- Strategic Recommendations
- Appendix
- List of Tables
- List of Figures
- References
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Request for Customized Report- Publication date: 4th February 2025
- Base year: 2023
- Forecast year: 2024-2033
- Format: PDF, PPT,Word,Excel
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