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What CAGR is Anticipated for the Artificial Organ Market During the Forecast Period, and Why?

The market size of artificial organs has seen robust growth in the recent past. It is projected to expand from $23.78 billion in 2024 to $25.93 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 9.0%. Factors such as the escalating rates of organ failure, growing elderly population, advances in material and biocompatibility, investment in research and development, and heightened awareness are believed to have spurred growth during the historic timeframe.

Expectations for the artificial organ market predict a swift expansion in the coming years, with projections showing a growth to $38.18 billion by 2029, boasting a compound annual growth rate (CAGR) of 10.2%. This growth during the anticipated period is likely driven by increasing organ transplant requirements, expansion of indications, trends towards personalized medicine, enhanced investment in healthcare infrastructure, and heightened societal acceptance and cognizance. The key trends during this forecast period encompass regulatory scenarios, augmented investments, the rise of personalized medicine, the integration of artificial intelligence and machine learning, and collaborations on a global scale.

What Strategic Factors Are Influencing the Accelerated Growth of the artificial organ Market?

The growth of the artificial organ market is predicted to be fueled by an increase in the elderly population. The term “geriatric population” denotes individuals who are 60 years old or more and necessitate medical attention. In a variety of ways, such as offering solutions to health challenges like organ failure that the elderly frequently encounter, artificial organs can significantly enhance their quality of life. For example, the World Health Organization, a specialized health agency based in Switzerland, reported in October 2022 that by 2030, 1 out of every 6 people worldwide will be 60 or older. By 2050, the number of people in this age bracket will have doubled to 2.1 billion. As a result, the artificial organ market will be propelled forward by the increasing geriatric population.

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Which Companies Are Poised to Shape the Future of the Artificial Organ Market?

Major companies operating in the artificial organ market include:

• Medtronic plc_x000D_

• Boston Scientific Services Private Limited._x000D_

• Abbott Laboratories Inc._x000D_

• Zimmer Biomet Holdings Inc._x000D_

• Ekso Bionics Holdings Inc._x000D_

What Are the Latest Innovations and Trends Influencing the Artificial Organ Market?

Prominent entities in the artificial organ sector are employing strategic partnership tactics to incorporate greater technological innovation and broaden their market footprint. A strategic partnership usually denotes a cooperative alliance among two or multiple organizations where they amalgamate their resources, skills, and endeavors to meet mutual aims or targets. For instance, in December 2022, Instalimb, a Japanese venture specializing in the production of 3D-printed prosthetic legs, collaborated with the renowned Jaipur Foot, a company in India that provides orthotics and prosthetics, to leverage advanced 3D printing and AI technology in the creation of reasonably priced, superior prosthetics and orthotics for patients across the globe. In this alliance, Instalimb will supply its 3D-printed sockets to the Jaipur Foot Organization, who will then adapt them to suit their patients.

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How Are Key Segments Defining the Competitive Landscape of the Artificial Organ Market?

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

What Regions Are Contributing Significantly to the Growth of the Artificial Organ Market?

North America was the largest region in the artificial organ market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial organ market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Is the Scope and Reach of the Artificial Organ Market Defined?

An artificial organ is a device that may be implanted or integrated into a human body to replace a natural organ, duplicate or augment a certain function, and allow the patient to return to normal life as quickly as feasible.

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