Artificial Organs Market by Product Type (Vision Bionics, Ear Bionics, Orthopedic Bionics, Heart Bionics, and Others) and by Technology Type (Mechanical and Electronic) Industry Analysis, Trends, and Forecast 2018–2024
Artificial Organs Market: Forecasts by Product Type (Vision Bionics, Ear Bionics, Orthopedic Bionics, Heart Bionics, and Others) and by Technology Type (Mechanical and Electronic) Leading manufacturer and Regional Market: Global Industry overview, Comprehensive Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2024”. According to the report, developing economies are the most attractive market for market during the forecast period 2018-2024.
Introduction to Artificial Organs Industry:
Artificial organs are mechanically or electronically engineered device and tissue, which are used to integrate into the human body to interface with living tissue or to replace with damaged organs or to augment specific organs function. An artificial organ helps to provide life support during transplantation improves patient ability for self-care and improves quality of life. In future, with technological advancement number of medical device manufacturer will come up with which are inexpensive, reliable and easily available.
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Increasing demand of is one of the key drivers for market. Worldwide, there is a huge gap between organ donor and organ receiver. Numbers of organ donor are very less in number as compared to organ receiver. According to British Heart Foundation, there is 162% growth in heart transplant in the United Kingdom. Moreover, the market is driven by technological advancement in the treatment of chronic disease. Now these days, globally road accidents are increasing very rapidly and this is one of the very serious issues. Thus, global market is growing with significant growth rate due to increasing road accidents. However, the market growth is affecting by stringent rules & regulation and high cost of. Nonetheless, untapped market and increasing investment in research and development are expected to generate new opportunity in forecast period.
The global market is estimated to register a CAGR of 7.8% between 2018 and 2024. The regions covered in this report are North America, Europe, Asia-Pacific and Rest of the World. North America dominates the market with highest market share due to increased demand for. In forecast period, North America market is expected to generate new opportunity with new technological advancement and increased investment in research and development. Asia Pacific market is witnessed with strong growth rate due to increased government initiatives for public health awareness.
This Report Segment of Global Market as Follows:
By Product Type
- Vision Bionics
- Ear Bionics
- Orthopedic Bionics
- Heart Bionics
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- The Middle East and Africa
- Rest of MEA
- Orthofix International N.V.
- Biomet, Inc.
- Medtronic, Inc.
- Cochlear Ltd.
- Second Sight Medical Products, Inc.
- Ekso Bionics
- Jude Medical, Inc.
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