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Artificial Organ Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Artificial

The “Artificial Organ Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Artificial Organ Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Artificial Organ market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Artificial Organ Market Are:

  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Boston Scientific Corporation
  • Getinge AB
  • Medtronic PLC
  • Abiomed
  • Asahi Kasei Medical Co. Ltd
  • Berlin Heart GmbH
  • Carmat SA
  • Edward Lifesciences Corporation
  • Jarvik Heart Inc.
  • Terumo Corporation

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    Market Overview:

  • The global artificial organ market was valued at USD 29,366.67 million in 2018, and is estimated to be valued at USD 44,899.44 million in 2024, witnessing a CAGR of 7.33%. Factors that are driving the market include the rising geriatric population, scarcity of donor organs, and technological advancements in the artificial organ sector.
  • Advances in medicine and technology and increased awareness about organ donation and transplantation have contributed to a record number of transplants. But the gap between supply and demand continues. According to the US Government Information on Organ Donation and Transplantation, more than 114,000 patients are on the national transplant waiting list, as of December 2018, and on an average, every 10 minutes, another person is added to the waiting list. 34,770 transplants were performed in 2017, and as of November 2018, a total of 33,431 transplants have been performed in 2018. 95% of US adults support organ donation, but only 54% are actually signed up as donors; only three in 1,000 people die in a way that allows for organ donation. The situation is even direr in countries, such as Japan and South Korea, where the organ donation rates are very low. Hence, the scarcity of donor organs is propelling the demand for artificial organs.

    Scope of the Report:

  • 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. As per the , 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 Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Artificial Organ market?
    • What are the key market trends impacting the growth of the global Artificial Organ market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Artificial Organ market?
    • What are the market opportunities and threats faced by the vendors in the global Artificial Organ market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Artificial Organ market?

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    Key Market Trends:

    Artificial Kidney is Expected to hold its Highest Market Share in the Organ Type

    In the organ type segment of the market, an artificial kidney is believed to have the largest market size and is expected to witness a CAGR of 6.21% during the forecast period.

    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). Those who live with ESRD make only 1% of the Medicare-covered population, but account for 7% of the Medicare budget. The number of patients in the United States diagnosed with ESRD is increasing by 5% each year. Mortality rates vary depending on the ESRD treatment. After one year of treatment, those on dialysis have a 20-25% mortality rate, with a five-year survival rate of 35%. People who receive transplants have a 3% mortality rate after five years.

    As the rate of mortality because of dialysis is increasing, there is increased demand for artificial kidneys, which is propelling the growth of this segment.

    North America Dominates the Market and is Expected to Continue its Dominance in the Forecast Period

    North America currently dominates the market for artificial organs, and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to increased demand for artificial organs. The United States spends a significant parentage of its GDP each year on healthcare. 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.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Artificial Organ Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Artificial Organ.

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    Report Objectives:

    • Analyzing the size of the Artificial Organ market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Artificial Organ market.
    • Determining the key dynamics of the Artificial Organ market.
    • Highlighting significant trends of the Artificial Organ market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Artificial Organ market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Artificial Organ market.

    Detailed TOC of Artificial Organ Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Geriatric Population
    4.3.2 Scarcity of Donor Organs
    4.3.3 Technological Advancements in the Artificial Organ Sector
    4.4 Market Restraints
    4.4.1 Expensive Procedures
    4.4.2 Risks Associated With Artificial Organs
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Organ Type
    5.1.1 Artificial Heart
    5.1.1.1 Prosthetic Heart Valves
    5.1.1.2 Ventricular Assist Devices
    5.1.1.3 Cardiac Pacemakers
    5.1.2 Artificial Kidney
    5.1.3 Artificial Pancreas
    5.1.4 Artificial Lungs
    5.1.5 Cochlear Implants
    5.1.6 Other Organ Types
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 United Kingdom
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 B. Braun Melsungen AG
    6.1.2 Baxter International Inc.
    6.1.3 Boston Scientific Corporation
    6.1.4 Getinge AB
    6.1.5 Medtronic PLC
    6.1.6 Abiomed
    6.1.7 Asahi Kasei Medical Co. Ltd
    6.1.8 Berlin Heart GmbH
    6.1.9 Carmat SA
    6.1.10 Edward Lifesciences Corporation
    6.1.11 Jarvik Heart Inc.
    6.1.12 Terumo Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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