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2021
Artificial Organs And Bionics Market

Artificial Organs and Bionics Market by Type (Artificial Bionics, Artificial Organs), by Technology (Electronic Bionics, and Mechanical Bionics), and by Application (Clinical Research Institutions, Hospitals, Academic Centers): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

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Artificial organs are organs made by humans. These organs are inserted in human bodies with living tissues, and they can perform similar tasks of human body parts. Bionics refers to the improvement or replacement of body parts by mechanical kinds. Artificial organs are made of plastic and are planted with stem cells from the relocated receiver that is why the body’s immune system does not discard the artificial organs. 
Bionics and artificial organs are developed for increasing the life expectancy rate of an individual, but on the flip side, they cannot repair the physical damage like brain pacemaker, shivering of Parkinson’s disease, neural network diseases. 

Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2021–2030

  Base year considered

  2020

 Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Type, Technology, Application, and Region

 Geographies covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies covered

Major players analyzed include ABIOMED, INC, Berlin Heart GmbH, Boston Scientific Corporation, Asahi Kasei Medical Co. Ltd, Baxter International Inc., Biomet, Inc, Roche Holding AG, Edward Lifesciences Corporation, Ekso Bionics, Heartware International, Inc., Iwalk, Inc., Jarvik Heart, Inc., SynCardia Systems, LLC., Nipro Corporation, Zimmer Biomet, Medtronic, Abbott, Getinge AB, Ѕоrіn Ѕ.Р.А., and Orthofix Holdings.

 

COVID-19 Scenario Analysis: 

  • The outbreak of COVID-19 is likely to have a moderate impact on the market in the forecast period. Research and development activities to identify the threat of SARS-CoV-2 virus on the patients suffering are likely to slow the artificial organs and bionics market growth.
  • COVID-19 has brought about a significant burden on the healthcare industry globally, with disruption in the treatment of non-communicable diseases. Challenges exist in providing effective care.
  • Realizing the disturbing healthcare trends, governments globally are making efforts to provide excellent quality healthcare to patients globally.
  • Nationwide lockdowns, canceled or postponed elective surgeries, denied wound care services, rise in skin injuries may lead to a decline during the forecast timeline. However, on the flip side, the latter half of the forecast is predicted to show a drastic rise.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Artificial organs dominated the market. Rising demand for lungs, heart, kidney, and liver transplants are contributing to the growth of the segment. The average median time for transplantation of a kidney in the U.S. is 5 years. Many factors such as blood type, the severity of illness, body size, and blood type are considered. Thus, there is a challenge for the fulfillment of the unmet demands that have urged the manufacturers to develop artificial pancreas, wearable artificial kidneys, and bio-lungs.

The artificial bionics segment is predicted to witness a steep rise in the market due to factors like rising demand for cochlear implants, exoskeleton, vision, brain, and limb bionics. Favorable policies by the government like reimbursement and FDA approvals for technologically advanced products are likely to fuel the artificial organs and bionics market growth.

Mechanical bionics is found dominating the market in terms of technology due to increasing incidences like organ failure and less cost of mechanical bionics. The mechanical artificial heart has long duration lasting capacity in comparison with other options, likely to create a lucrative demand. Other factors like increasing FDA approvals and reimbursement policies are to act as fuel for the growing market. For example, in 2018, the world's smallest mechanical heart valve by Abbott was approved by FDA. The device is designed for the treatment of toddlers and babies who require aortic & mitral heart valves.

As per the Human Resource and Services Administration (HRSA), there are nearly 112,000 individuals on the national waiting list in the year 2020. As per the HRSA report, every 10 minutes an individual gets added tothe transplant waiting list in U.S., and this causes rising demand for artificial medical devices. 

The rising number of road accidents, increasing prevalence of amputees, and babies born without limbs are predicted to create demand for electronic bionics. In most developing countries, the financial and logistical barriers remain at a height. The only option for the disabled is to get prosthetics like artificial legs and hands and these prosthetics have electronic and battery systems that are myoelectric-controlled and create a moment of nerves through sensors.
Asia-Pacific is likely to witness lucrative growth during the forecast timeline. Countries like India, China, and Japan have huge populations have large incidences of chronic diseases, which lead to organ failures, which are expected to prosper the artificial organ and bionics devise growth.

Key Segments Covered:

Segments

Sub-segments

Type


• Artificial Bionics
• Artificial Organs

Technology

• Electronic Bionics
• Mechanical Bionics

Application

• Clinical Research Institutions
• Hospitals
• Academic Centers

Industry Vertical

  • Healthcare
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global artificial organs and bionics market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global artificial organs and bionics market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global artificial organs and bionics market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global artificial organs and bionics market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Artificial Organs and Bionics Market Research Report:

  • What are the leading market players active in the artificial organs and bionics market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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