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How has the artificial organ market size evolved in recent years?

The size of the artificial organ market has seen significant expansion lately. It’s projected to escalate from a value of $23.78 billion in 2024, to approximately $25.93 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.0%. Factors that have contributed to this growth during the historic period include the escalating instance of organ failure, a rising elderly population, enhancements in materials and biocompatibility, investments in research and development, and heightened public awareness.

What are the predictions for the artificial organ market size in the coming years?

The size of the artificial organ market is predicted to expand at a quick pace in the coming years, reaching $38.18 billion in 2029 with a compound annual growth rate (CAGR) of 10.2%. The surge during this forecast period is tied to the increasing need for organ transplants, the broadening of indications, the trend towards personalized medicine, higher investment in healthcare infrastructure, as well as the rise in acceptance and societal awareness. Significant trends throughout the forecast period include regulatory setting, augmented investment, personalized medicine, the incorporation of AI and machine learning, and worldwide collaboration.

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What key factors are fueling the growth of the artificial organ market?

The growth of the artificial organ market is anticipated to be fuelled by the increasing elderly population. This pertains to individuals aged 60 and above who require medical attention. Artificial organs can significantly improve the lives of seniors by offering solutions to health issues they commonly confront, such as organ failure. For example, predictions from the World Health Organization, a specialized health agency based in Switzerland, in October 2022 suggest that by 2030, 1 in 6 people worldwide will be aged 60 or more. Moreover, the number of people in this age category is expected to double, reaching 2.1 billion by 2050. Hence, the expanding geriatric populace is expected to stimulate the artificial organ market.

How is the global artificial organ market divided into key segments?

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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Who are the key firms paving the way for growth in the artificial organ market?

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

Which trends are expected to transform the artificial organ market?

Leading corporations in the artificial organ market are employing a strategic partnership approach to improve technology integration and broaden their market presence. This approach typically involves a joint venture between two or more companies, where they merge their resources, skills, and efforts to realize shared goals or objectives. For example, in December 2022, Instalimb, a firm from Japan that manufactures 3D-printed prosthetic legs, forged a partnership with the respected Jaipur Foot, a company from India specialized in orthotics and prosthetics. With this collaboration, they aim to use advanced 3D printing and artificial intelligence technology to produce cost-effective, superior-quality prosthetics and orthotics for patients globally. In this partnership, Instalimb will supply its 3D-printed sockets to the Jaipur Foot Organization who will then fit them to their patients.

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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

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