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Artificial Organ Bank Market (Product Type - Kidney, Heart, Liver, Pancreas, Blood Vessels, Eyes, and Ears; Technology - Electrical and Mechanical; Bionics - Vision Bionic, Ear Bionic, Cardiac Bionic, Brain Bionic, and Limbs Bionic): Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • Published : August, 2018

  • Rep Id : HC0337

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Artificial Organ Bank Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Artificial Organ Bank Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Artificial Organ Bank Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the artificial organ bank market provides an in-depth analysis of segments and sub-segments in the global as well as regional artificial organ bank market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional artificial organ bank market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global artificial organ bank market. According to the report, the global artificial organ bank market is projected to grow at a CAGR of 6.9% over the forecast period of 2018-2024.


Artificial Organ Bank Market

 

Market Insight

An artificial organ is a human-made device or tissue that is implanted into a human being for alliancing with living tissue to replace a natural organ that is damaged for the purpose of reinstating the functions related to it so the person may return to his normal life as early as possible. The material used to develop artificial organs is biomaterials which are accepted by the human body.

 

The artificial organ bank market is projected to witness noteworthy growth owing to growing accident incidences which upsurge the demand for artificial organs and hence the growth of this market. Growth in the aged population and increasing life expectation joined with the growing adoption of artificial organs are also estimated to boost the artificial organ bank market. Furthermore, the upsurge in the number of people waiting for organ transplantation and the scarcity of organ donor is also responsible for the growth of this market. Additionally, with numerous technological developments in artificial organs, scientists are carrying out several studies on biofuel cells that can utilize the oxygen and glucose from the human body to generate electricity and these factors create an opportunity in the future for artificial organ market. On the contrary high implantation cost and limited surgical expertise are anticipated to restrain the growth of the market. However, the inaccessibility and scarcity of organ donors at the time of necessity have fortified the growth of artificial organs technology across the world.

 

Among the geographic, North America region has dominated the growth in artificial organ bank market followed by the Asia-Pacific and Europe. The growth in North America is owing to increased healthcare expenses on artificial organs and rapid technological innovations joined with a huge investment in research and development are some factors driving the growth of this market. Factors boosting the growth of artificial organ bank market in the Asia-Pacific region are due to the growing aged population and high disposable income.

 

Segment Covered

The report on global artificial organ bank market covers segments such as product type, technology, and bionics. On the basis of product type, the global artificial organ bank market is categorized into kidney, heart, liver, pancreas, blood vessels, eyes, and ears. On the basis of technology, the global artificial organ bank market is categorized into electrical and mechanical. On the basis of bionics, the global artificial organ bank market is categorized into vision bionic, ear bionic, cardiac bionic, brain bionic and limbs bionic.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global artificial organ bank market such as Abiomed, Inc., Berlin Heart GmbH, Biomet, Inc., Boston Scientific Corporation, Cochlear, Ltd., Edwards Lifesciences Corporation, Ekso Bionics, HeartWare International, Inc., iWALK, Inc. and Jarvik Heart, Inc.

 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global artificial organ bank market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of artificial organ bank market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the artificial organ bank market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the artificial organ bank market to understand the present and future trends in this market and formulate their strategies accordingly.


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