Artificial Organs Market Size By Organ Type (Artificial Kidney, Artificial Liver, Artificial Lungs, Artificial Pancreas, Artificial Heart), By Material Type (Silicon, Plastic, Steel), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Artificial Organs Market Size By Organ Type (Artificial Kidney, Artificial Liver, Artificial Lungs, Artificial Pancreas, Artificial Heart), By Material Type (Silicon, Plastic, Steel), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Artificial Organs Market Size

Artificial Organs Market size valued at USD 18 billion in 2019 and is estimated to grow at over 8.9% CAGR from 2020 to 2026. Manufacturers and researchers are continuously focusing on development of artificial organs to improve its chances of acceptance by the receiver. Innovation in artificial organs delivers equally effective treatment solutions to patients that do not qualify for conventional organ transplants. Technological advancements in production process such as bioartificial organ manufacturing, standardization and automation will further stimulate the industry growth.
 

Artificial organs reduce probability of organ rejection and provides advantage of mass production. According to the American Transplant Foundation, about 114,000 people are in the waiting list for organ transplantation and approximately 20 people die due to unavailability of organs. With such increasing demand for the organ transplants, the market will witness significant growth as artificial organs help minimize donor organ’s dearth.
 

Product innovations aiming to manage drawback of organ scarcity

Rising cases of organ failure owing to severe sepsis, cardiovascular diseases and trauma incidence drives the number of organ transplant procedures. According to the World Health Organization, about 48.9 million sepsis cases were estimated in 2017. Changing lifestyle and adoption of unhealthy habits such as alcohol consumption and smoking result into liver and heart failure. With growing prevalence of such conditions, the risk of organ dysfunction also increases that will ultimately boost the market demand.
 

Technological advancements will primarily propel the artificial organs market growth in coming years. The BiVACOR has developed total artificial heart (TAH) device providing innovative option to with end-stage heart failure patients that are unable to qualify for transplants. In addition, SynCardia Systems has introduced temporary implantable total artificial heart device that can perform heart functions for patients with end-stage biventricular heart failure. Thus, launch of advanced innovative products offering beneficial solutions will offer immense opportunities for market expansion.
 

However, risk associated with organ rejection and significant cost associated with artificial organs can hamper the product demand up to some extent.
 

Artificial Organs Market Trends

Artificial heart market will showcase growth of around 9.7% till 2026. Since last few years, there has been significant increase in total artificial heart implantations. Moreover, advancements including organ development with stem cells and 3D printed hearts will increase its adoption among patients.
 

According to the Centres for Disease Control and Prevention, about 6.2 million adults suffer through heart failure. Although several non-profit and government organizations are undertaking awareness initiatives regarding organ donation, significantly rising number of heart failures creates organ scarcity resulting into untreated conditions and deaths. Advantage of artificial hearts to increase life-saving treatment accessibility will impact its revenue.  
       

Artificial Organs Market Analysis

Plastic artificial organs market accounted for more than 22% share in 2019 led by its advantages including biocompatibility and cost-effectivity in manufacturing. With wide adoption of high polymers in artificial organ replacement, the segment will continue to observe growth during the forecast timeline.
 

Europe artificial organs market held over 25% of revenue share in 2019. During 2019, about 150,000 registrations were reported on organ waiting lists in the region, according to the European registry. Approximately, 41,000 organ transplantations occur every year and 48,000 new registrations are added on the waiting list. Growing burden of heart disease, end-stage kidney and lung disorders will thus continue to provide demand for artificial organs in European countries.
 

Artificial Organs Market Share

Some of the prominent business participants operating in the artificial organs market include

• Medtronic Plc
• Ekso Bionics Holdings, Inc.
• Baxter
• Cochlear
• Boston Scientific Corporation

 These leaders are adopting various inorganic growth strategies to gain market share and sustainable competitive advantage.
 

Some of the recent industry developments

• In November 2019, Baxter and Ayogo Health Inc. announced CKD&me application in field Of Nephrology. This app helped company to enter digital diagnostic market that will generate revenue and attract the home device users, physicians for easy analysis.
   
• In September 2019, Zimmer Biomet received FDA clearance for Juggerstitch meniscal repair device. The product provides a less invasive solution for meniscal repair treatment. This has offered business expansion opportunities to the firm.
   
• In June 2018, Medtronic received CE mark for the MiniMed 670G system. The system delivers personalized and automated dosage of basal insulin. This approval helped the company to market their products in European countries and provided lucrative opportunities to increase their revenue generation.
   

This market research report on artificial organs includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments

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Market, By Organ Type

• Artificial Kidney
• Artificial Liver
• Artificial Lungs
• Artificial Pancreas
• Artificial Heart
• Others

Market, By Material Type

• Silicon
• Plastic
• Steel
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Turkey
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia