2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Drivers Are Shaping the Growth and Development of theArtificial Organ Market?

The anticipated increase in the elderly population is set to fuel the expansion of the artificial organ market. The term geriatric population refers to individuals aged 60 years and above who require medical attention. Artificial organs can offer considerable assistance to the elderly by addressing health complications such as organ failure which often afflicts this age group, thereby enhancing their quality of life. As an example, the World Health Organization, a specialized health agency rooted in Switzerland, reported in October 2022 that by 2030, globally, one in every six individuals will be aged 60 or over, and by 2050, the number of people in this demographic is anticipated to double to 2.1 billion. Consequently, the rise in the elderly population is bound to influence the progression of the artificial organ market.

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#What Growth Opportunities Will Drive the Artificial Organ Market’s CAGR Through 2034?

The market for artificial organs has seen impressive expansion in recent years. The size of the market is projected to expand from $23.78 billion in 2024 to $25.93 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. This significant growth during the historical period can be attributed to factors such as the rising incidence of organ failure, an aging population, enhancements in material qualities and biocompatibility, investments in research and development, and heightened awareness.

The market for artificial organs is predicted to experience a significant expansion in the coming years, reaching a value of $38.18 billion by 2029 with a compound annual growth rate (CAGR) of 10.2%. This expected growth in the mentioned timeframe can be credited to factors such as rising organ transplant demand, broadening of indications, trends towards personalized medicine, enhanced investment in healthcare infrastructure, and wider acceptance and societal awareness. Key trends expected to prevail during this forecast period encompass regulatory framework changes, heightened investment, personalized medicine advancements, incorporation of artificial intelligence and machine learning, and global cooperation.

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Which Cutting-Edge Market Trends Are Expected to Drive theArtificial Organ Market’s Growth?

Major corporations engaged in the artificial organ sector are leveraging strategic alliances to bolster technological integration and broaden their market presence. A strategic alliance generally pertains to a partnership between two or more entities, pooling their resources, know-how, and efforts to attain shared aims or objectives. For instance, in December 2022, Instalimb, a firm based in Japan that manufactures 3D-printed prosthetic legs, formed a partnership with the reputable Jaipur Foot, an orthotics and prosthetics enterprise based in India. This collaboration will apply advanced 3D printing and machine learning (AI) techniques to produce affordable, premium-quality prosthetics and orthotics for patients all over the globe. In this alliance, Instalimb will be supplying its 3D-printed sockets to the Jaipur Foot Organization for fitting on their patients.

What Are the Leading Market Players Impacting theArtificial Organ Market’s Growth Trend?

Major companies operating in the artificial organ market include Medtronic plc, Boston Scientific Services Private Limited., Abbott Laboratories Inc., Zimmer Biomet Holdings Inc., Ekso Bionics Holdings Inc., Cochlear Limited, Cyberonics Inc., LIVANOVA plc, NeuroPace Inc., Ossur India Private Limited, Vivani Medical Inc., St Jude Medical India Private Limited, LifeNet Health Inc., Ottobock SE & Co. KGaA, Edwards Lifesciences India Pvt. Ltd., SynCardia Systems LLC, Demant A/S, Berlin Heart GmbH, Conmed Devices Private Limited, Wright Medical Group N.V., Baxter International Inc., B. Braun Melsungen AG, ABIOMED Inc., Carmat SA, Jarvik Heart Inc., Terumo Corporation, F. Hoffmann-La Roche Ltd., Tissium SAS, Organovo Holdings Inc., Satellite Bio, HeartWare plc, Arthrex Inc., Novartis AG, Stryker Corporation

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How Are the Key Segments of the Artificial Organ Market Driving Opportunities and Innovations?

The artificial organ market covered in this report is segmented –

1) By Organ Type: Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Other Organ Types

2) By Material: Silicone, Plastic, Steel, Biomaterials

3) By Fixation: Implantable, External

4) By End Users: Hospitals, Ambulatory Surgical Centers, Laboratories And Diagnostic Centers, Research And Academic Institute, Other End Users

Subsegments:

1) By Artificial Heart: Total Artificial Heart, Ventricular Assist Devices (VADs)

2) By Artificial Kidney: Hemodialysis Systems, Peritoneal Dialysis Devices

3) By Artificial Liver: Bioartificial Liver Devices, Liver Support Systems

4) By Artificial Pancreas: Closed-Loop Insulin Delivery Systems, Bionic Pancreas Systems

5) By Other Organ Types: Artificial Lungs, Artificial Skin, Bionic Eyes

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https://www.thebusinessresearchcompany.com/customise?id=9430&type=smpGlobal Artificial Organ Market, Global Artificial Organ Market Report, Global Artificial Organ Market Trends, Global Artificial Organ Market Size

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