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Artificial Vital Organs and Medical Bionics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701062
The global artificial vital organs and medical bionics market size reached US$ 44.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 63.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.08% during 2023-2028.

Artificial vital organs are engineered devices that can be implanted into the human body for replacing a natural organ. They reduce the harmful impact of damaged organs while patients wait for organ transplants. On the other hand, medical bionics is a multidisciplinary field of research for developing implantable devices, which are designed to provide long-term safety and effective sensory or motor function to nerve or muscle tissues. They are used to develop cloned liver cells that filter toxins from the plasma and secrete albumin proteins and clotting factors like a normal liver. They also assist in designing an intravenous membrane oxygenator (IMO), which is integrated directly within the vena cava system to oxygenate the blood as it returns to the heart before reaching the natural lungs.

Artificial Vital Organs and Medical Bionics Market Trends:

At present, there is a rise in the prevalence of various diseases, such as respiratory ailments, cirrhosis, and heart, kidney, and liver failures. This, along with the burgeoning healthcare industry, represents one of the key factors driving the market. Besides this, the increasing geriatric population that is highly prone to organ disorders across the globe is contributing to the growth of the market. In addition, the growing development of novel products, such as full-functioning artificial hearts, livers, lungs, urethras, windpipes, and livers, is positively influencing the market. Moreover, key market players are extensively investing in research and development (R&D) activities to introduce new techniques of organ regeneration through engineered tissues, which is offering a positive market outlook. Apart from this, the rising demand for artificial organs due to the development of bioartificial organs with improved survival rates and faster recuperation of patients is propelling the growth of the market. Additionally, the implementation of life-saving technologies, such as the bridge to transplant and the bridge to recovery in critical cases, is bolstering the growth of the market.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global artificial vital organs and medical bionics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product Type:

  • Artificial Vital Organs
  • Artificial Liver
  • Artificial Heart
  • Artificial Pancreas
  • Artificial Kidney
  • Artificial Lungs
  • Oxygenators
  • Medical Bionics
  • Bionic Limbs
  • Vision Bionics
  • Ear Bionics
  • Exoskeletons
  • Brain Bionics
  • Heart Valves
  • Cardiac Bionics

Breakup by Application:

  • Hospitals
  • Clinics
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abiomed, BiVACOR Inc, CARMAT, Cirtec Medical, Edwards Lifesciences, Ekso Bionics Holdings Inc., Nikkiso Co. Ltd., Second Sight Medical Products Inc and SynCardia Systems LLC (Picard Medical Inc.).

Key Questions Answered in This Report

1. How big is the global artificial vital organs and medical bionics market?
2. What is the expected growth rate of the global artificial vital organs and medical bionics market during 2023-2028?
3. What are the key factors driving the global artificial vital organs and medical bionics market?
4. What has been the impact of COVID-19 on the global artificial vital organs and medical bionics market?
5. What is the breakup of the global artificial vital organs and medical bionics market based on the product type?
6. What are the key regions in the global artificial vital organs and medical bionics market?
7. Who are the key players/companies in the global artificial vital organs and medical bionics market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Artificial Vital Organs and Medical Bionics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Artificial Vital Organs
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Artificial Liver
6.1.2.2 Artificial Heart
6.1.2.3 Artificial Pancreas
6.1.2.4 Artificial Kidney
6.1.2.5 Artificial Lungs
6.1.2.6 Oxygenators
6.1.3 Market Forecast
6.2 Medical Bionics
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Bionic Limbs
6.2.2.2 Vision Bionics
6.2.2.3 Ear Bionics
6.2.2.4 Exoskeletons
6.2.2.5 Brain Bionics
6.2.2.6 Heart Valves
6.2.2.7 Cardiac Bionics
6.2.3 Market Forecast
7 Market Breakup by Application
7.1 Hospitals
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Clinics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Abiomed
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 BiVACOR Inc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 CARMAT
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Cirtec Medical
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Edwards Lifesciences
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Ekso Bionics Holdings Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Nikkiso Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Second Sight Medical Products Inc
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 SynCardia Systems LLC (Picard Medical Inc.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 SWOT Analysis
List of Figures
Figure 1: Global: Artificial Vital Organs and Medical Bionics Market: Major Drivers and Challenges
Figure 2: Global: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Artificial Vital Organs and Medical Bionics Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Artificial Vital Organs and Medical Bionics Market: Breakup by Application (in %), 2022
Figure 6: Global: Artificial Vital Organs and Medical Bionics Market: Breakup by Region (in %), 2022
Figure 7: Global: Artificial Vital Organs and Medical Bionics (Artificial Vital Organs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Artificial Vital Organs and Medical Bionics (Artificial Vital Organs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Artificial Vital Organs and Medical Bionics (Medical Bionics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Artificial Vital Organs and Medical Bionics (Medical Bionics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Artificial Vital Organs and Medical Bionics (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Artificial Vital Organs and Medical Bionics (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Artificial Vital Organs and Medical Bionics (Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Artificial Vital Organs and Medical Bionics (Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Artificial Vital Organs and Medical Bionics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Artificial Vital Organs and Medical Bionics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: United States: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: United States: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Canada: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Canada: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Asia-Pacific: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Asia-Pacific: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: China: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: China: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Japan: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Japan: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: India: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: India: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: South Korea: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: South Korea: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Australia: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Australia: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Indonesia: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Indonesia: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Others: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Others: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Europe: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Europe: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Germany: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Germany: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: France: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: France: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United Kingdom: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United Kingdom: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Italy: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Italy: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Spain: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Spain: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Russia: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Russia: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Latin America: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Latin America: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Brazil: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Brazil: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Mexico: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Mexico: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Middle East and Africa: Artificial Vital Organs and Medical Bionics Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Middle East and Africa: Artificial Vital Organs and Medical Bionics Market: Breakup by Country (in %), 2022
Figure 65: Middle East and Africa: Artificial Vital Organs and Medical Bionics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Global: Artificial Vital Organs and Medical Bionics Industry: SWOT Analysis
Figure 67: Global: Artificial Vital Organs and Medical Bionics Industry: Value Chain Analysis
Figure 68: Global: Artificial Vital Organs and Medical Bionics Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Artificial Vital Organs and Medical Bionics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Artificial Vital Organs and Medical Bionics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Artificial Vital Organs and Medical Bionics Market: Competitive Structure
Table 6: Global: Artificial Vital Organs and Medical Bionics Market: Key Players

Companies Mentioned

  • Abiomed
  • BiVACOR Inc
  • CARMAT
  • Cirtec Medical
  • Edwards Lifesciences
  • Ekso Bionics Holdings Inc.
  • Nikkiso Co. Ltd.
  • Second Sight Medical Products Inc
  • SynCardia Systems LLC (Picard Medical Inc.).

Methodology

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Table Information