Artificial organs are engineered devices that are implanted in a human body in order to replace a natural organ or perform a specific function. They are composed of the plastic that is seeded with stem cells from the transplant recipient, hence the body’s immune system does not reject the artificial organ. These devices do not require continuous tethering to a power supply or any other stationary resource and can keep patients with serious organ failure alive and functioning for years. According to IMARC Group’s latest report, titled “Artificial Organs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global artificial organs market reached a value of US$ 13.2 Billion in 2018.
Rapidly ageing global population and a subsequent increase in the number of people suffering from organ failures represent the key factors driving the artificial organs market. Frequent road accidents and injuries leading to amputations coupled with growing public awareness about advancements in the medical technology have resulted in the demand for artificial organs. On the other hand, high implantation cost and limited surgical expertise in most regions are expected to restrain the growth of the market. However, the unavailability and scarcity of organ donors at the time of requirement has encouraged the development of artificial organs technology across the globe. Owing to the aforementioned factors, the market is expected to reach a value of US$ 23.6 Billion by 2024, registering a CAGR of 9.5% during 2019-2024.
The report has segmented the market on the basis of type including artificial kidney, artificial heart, cochlear implants, and artificial pancreas. Amongst these, artificial kidney represents the largest product type. On a regional-basis, the report covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Currently, North America dominates the market, followed by Europe and Asia-Pacific. The report has also analysed the competitive landscape of the market with some of the key players being Abiomed, HeartWare International, Inc., Edwards Lifesciences Corp, Boston Scientific Corporation, and Cochlear Limited.
This report provides a deep insight into the global artificial organs market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the artificial organs industry in any manner.
Key Questions Answered in This Report:
- How has the global artificial organs market performed so far and how will it perform in the coming years?
- What are the key regions in the global artificial organs market?
- Which are the popular product types in the global artificial organs market?
- What are the various stages in the value chain of the global Artificial Organs Market?
- What are the key driving factors and challenges in the global artificial organs Market?
- What is the structure of the global artificial organs market and who are the key players?
- What is the degree of competition in the global artificial organs market?
- How are artificial organs manufactured?
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 Organs Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Region
5.5 Market Forecast
5.6 SWOT Analysis
5.6.1 Overview
5.6.2 Strengths
5.6.3 Weaknesses
5.6.4 Opportunities
5.6.5 Threats
5.7 Value Chain Analysis
5.7.1 Overview
5.7.2 Research and Development
5.7.3 Raw Material Procurement
5.7.4 Manufacturing
5.7.5 Marketing
5.7.6 Distribution
5.7.7 End-Use
5.8 Porters Five Forces Analysis
5.8.1 Overview
5.8.2 Bargaining Power of Buyers
5.8.3 Bargaining Power of Suppliers
5.8.4 Degree of Competition
5.8.5 Threat of New Entrants
5.8.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Artificial Kidney
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Artificial Heart
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Artificial Pancreas
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Cochlear Implants
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Region
7.1 North America
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Europe
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Asia Pacific
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 Competitive Landscape
8.1 Market Structure
8.2 Key Players
8.3 Profiles of Key Players
8.3.1 Abiomed, Inc.
8.3.1.1 Company Overview
8.3.1.2 Description
8.3.1.3 Product Portfolio
8.3.1.4 Financials
8.3.1.5 SWOT Analysis
8.3.2 HeartWare International, Inc.
8.3.2.1 Company Overview
8.3.2.2 Description
8.3.2.3 Product Portfolio
8.3.2.4 Financials
8.3.2.5 SWOT Analysis
8.3.3 Edwards Lifesciences Corp
8.3.3.1 Company Overview
8.3.3.2 Description
8.3.3.3 Product Portfolio
8.3.3.4 Financials
8.3.3.5 SWOT Analysis
8.3.4 Boston Scientific Corporation
8.3.4.1 Company Overview
8.3.4.2 Description
8.3.4.3 Product Portfolio
8.3.4.4 Financials
8.3.4.5 SWOT Analysis
8.3.5 Cochlear Limited
8.3.5.1 Company Overview
8.3.5.2 Description
8.3.5.3 Product Portfolio
8.3.5.4 Financials
8.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Artificial Organs Market: Major Drivers and Challenges
Figure 2: Global: Artificial Organs Market: Sales Value (in Million US$), 2011 & 2018
Figure 3: Global: Artificial Organs Market: Breakup by Type (in %), 2018
Figure 4: Global: Artificial Organs Market: Breakup by Region (in %), 2018
Figure 5: Global: Artificial Organs Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 6: Global: Artificial Organs Industry: SWOT Analysis
Figure 7: Global: Artificial Organs Industry: Value Chain Analysis
Figure 8: Global: Artificial Organs Industry: Porter’s Five Forces Analysis
Figure 9: Global: Artificial Organs (Artificial Kidney) Market: Sales Value (in Million US$), 2011 & 2018
Figure 10: Global: Artificial Organs (Artificial Kidney) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 11: Global: Artificial Organs (Artificial Heart) Market: Sales Value (in Million US$), 2011 & 2018
Figure 12: Global: Artificial Organs (Artificial Heart) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Artificial Organs (Artificial Pancreas) Market: Sales Value (in Million US$), 2011 & 2018
Figure 14: Global: Artificial Organs (Artificial Pancreas) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Artificial Organs (Cochlear Implants) Market: Sales Value (in Million US$), 2011 & 2018
Figure 16: Global: Artificial Organs (Cochlear Implants) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Artificial Organs (Other Types) Market: Sales Value (in Million US$), 2011 & 2018
Figure 18: Global: Artificial Organs (Other Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: North America: Artificial Organs Market: Sales Value (in Million US$), 2011 & 2018
Figure 20: North America: Artificial Organs Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Europe: Artificial Organs Market: Sales Value (in Million US$), 2011 & 2018
Figure 22: Europe: Artificial Organs Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Asia Pacific: Artificial Organs Market: Sales Value (in Million US$), 2011 & 2018
Figure 24: Asia Pacific: Artificial Organs Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Middle East and Africa: Artificial Organs Market: Sales Value (in Million US$), 2011 & 2018
Figure 26: Middle East and Africa: Artificial Organs Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Latin America: Artificial Organs Market: Sales Value (in Million US$), 2011 & 2018
Figure 28: Latin America: Artificial Organs Market Forecast: Sales Value (in Million US$), 2019-2024
List of Tables
Table 1: Global: Artificial Organs Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Artificial Organs Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: Global: Artificial Organs Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 4: Global: Artificial Organs Market Structure
Table 5: Global: Artificial Organs Market: Key Players