Global Artificial Vital Organs and Medical Bionics Market 2024 by Company, Regions, Type and Application, Forecast to 2030
According to our (Global Info Research) latest study, the global Artificial Vital Organs and Medical Bionics market size was valued at USD 45710 million in 2023 and is forecast to a readjusted size of USD 75190 million by 2030 with a CAGR of 7.4% during review period.
The artificial organs are devices implanted or integrated into a human body in order to replace a natural organ, for the purpose of duplicating or augmenting a specific function or a group of related functions for the patient to return to a normal life as soon as possible, whereas bionics is the application of biological methods and systems found in nature to the study and design of engineering systems and modern technology. The increasing mortality rate of patients awaiting organ transplant has intensified the demand for artificial organs. The artificial vital organs and medical bionics market is undergoing impressive growth across the globe due to increase in the gap between patients awaiting organ transplant and the availability of donor organs.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
The Global Info Research report includes an overview of the development of the Artificial Vital Organs and Medical Bionics industry chain, the market status of Hospitals (Artificial Vital Organs, Bionics), Clinics (Artificial Vital Organs, Bionics), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Artificial Vital Organs and Medical Bionics.
Regionally, the report analyzes the Artificial Vital Organs and Medical Bionics markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Artificial Vital Organs and Medical Bionics market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Artificial Vital Organs and Medical Bionics market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Artificial Vital Organs and Medical Bionics industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Artificial Vital Organs, Bionics).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Artificial Vital Organs and Medical Bionics market.
Regional Analysis: The report involves examining the Artificial Vital Organs and Medical Bionics market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Artificial Vital Organs and Medical Bionics market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Artificial Vital Organs and Medical Bionics:
Company Analysis: Report covers individual Artificial Vital Organs and Medical Bionics players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Artificial Vital Organs and Medical Bionics This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Hospitals, Clinics).
Technology Analysis: Report covers specific technologies relevant to Artificial Vital Organs and Medical Bionics. It assesses the current state, advancements, and potential future developments in Artificial Vital Organs and Medical Bionics areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Artificial Vital Organs and Medical Bionics market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Artificial Vital Organs and Medical Bionics market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Artificial Vital Organs
Bionics
Market segment by Application
Hospitals
Clinics
Others
Market segment by players, this report covers
Abbott
Abiomed, Inc.
Asahi Kasei Medical Co., Ltd.
Baxter
Cyberonics, Inc.
Edwards
Ekso Bionics
Roche
Fresenius
Baxter International
Iwalk
Jarvik Heart
Medtronic
Micromed Cardiovascular
Nikkiso
Ossur Hf
Ottobock
Second Sight Medical Products, Inc.
Syncardia Systems, Inc.
Thoratec Corporation
Touch Bionics, Inc.
Vital Therapies, Inc.
WorldHeart Corporation
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Artificial Vital Organs and Medical Bionics product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Artificial Vital Organs and Medical Bionics, with revenue, gross margin and global market share of Artificial Vital Organs and Medical Bionics from 2019 to 2024.
Chapter 3, the Artificial Vital Organs and Medical Bionics competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Artificial Vital Organs and Medical Bionics market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Artificial Vital Organs and Medical Bionics.
Chapter 13, to describe Artificial Vital Organs and Medical Bionics research findings and conclusion.