The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s artificial organ and bionics market report forecasts the artificial organ and bionics market size to grow to $45.40 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

Learn More On The Artificial Organ And Bionics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/artificial-organ-and-bionics-global-market-report

Artificial Organ And Bionics Market Size Forecast
The global artificial organ and bionics market is expected to grow from $27.22 billion in 2022 to $30.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global artificial organ and bionics market size is expected to reach $45.40 billion in 2027 at a CAGR of 10.6%.

North America held the largest artificial organ and bionics market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Artificial Organ And Bionics Market Driver ­– Increase In Number Of Transplants
According to the United Network for Organ Sharing, a non-profit, scientific and educational organisation based in the United States, 42,887 organ transplants will be performed in the United States in 2022, a 3.7% increase over 2021, and more than 25,000 kidney transplants will be performed, a 3.4% increase over 2021. As a result, the growing number of transplants is predicted to propel the artificial organ and bionics industry forward.

Request for A Sample Of The Global Artificial Organ And Bionics Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10108&type=smp

Key Artificial Organ And Bionics Market Trend – Product Innovations
To maintain their market position, major firms in the artificial organ and bionics sector are producing new products. CARMAT, a US-based inventor and developer of the world’s most advanced total artificial heart, for example, launched the first implant of its bioprosthetic artificial heart, Aeson, in a female patient in September 2021. The gadget is small enough to fit within women’s smaller chest cavities, increasing the odds of success.

Artificial Organ And Bionics Market Segment
1) By Product: Artificial Organs, Artificial Bionics
2) By Fixation Type: Implantable And Externally-Worn, Cardiac Bionics And Brain Bionics
3) By Technology: Mechanical Bionics, Electronic Bionics

Artificial Organ And Bionics Market Major Players and Strategies
Major players in the artificial organ and bionics market are Abiomed Inc, Baxter International Inc, Berlin Heart GmbH, Boston Scientific Corporation, Ekso Bionics Holdings Inc, Ossur hf, Medtronic plc, Zimmer Biomet, Abbott Laboratories, Edward Lifesciences Corporation, Iwalk Inc, Jarvik Heart Inc, SynCardia Systems LLC, Nipro Corporation, Open Bionics Ltd, and Second Sight Medical Products Inc.

Johnson & Johnson, a healthcare goods corporation based in the United States, paid an undisclosed sum to buy Abiomed Inc in December 2022. This acquisition will assist Johnson & Johnson in accelerating growth in the delivery of new medical technologies and the MedTech business globally. Abiomed Inc is a firm established in the United States that specialises in artificial organs and bionics.

The Artificial Organ And Bionics Global Market Report 2023 covers regional data on artificial organ and bionics market size, artificial organ and bionics market trends and drivers, opportunities, strategies, and artificial organ and bionics market competitor analysis. The countries covered in the artificial organ and bionics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Artificial organs and bionics refer to any equipment or device that has been utilised to replace the functions of a faulty or missing organ of the body, while bionics is the science of building artificial systems with few traits of live systems. The purpose of using artificial organs is to extend a person’s life.

View More Reports Related To The Artificial Organ And Bionics Market –
Artificial Organ Global Market Report 2023
Organic Pigments Global Market Report 2023
Organic Substrate Packaging Material Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: