Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Artificial Organs Market Outlook

The global artificial organs market reached a value of USD 18.64 billion in 2023. The market is further expected to grow at a CAGR of 6.8% in the forecast period of 2024-2032.

Global Artificial Organs Market

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Rising Demand for Kidney Transplantation to Boost the Demand for Artificial Organs

Based on type, the growing demand for the transplantation of internal organs, particularly kidney, is driving the growth of the market. This is supported by the growing cases of diabetes, and high blood pressure across the globe as these are the leading causes of kidney failure. The rising awareness regarding the availability of treatment options and escalating disposable incomes are aiding the growth of the segment.

North America to Significantly Contribute to the Artificial Organs Industry Growth

Region-wise, North America accounted for a significant share in the industry owing to a rise in the number of transplantation procedures being performed in the region, coupled with the growing prevalence of various lifestyle related disorders like obesity and diabetes. Moreover, the availability of well-developed healthcare infrastructure and the growing penetration of leading biotechnology and medical device companies in developed nations like the United States are significantly contributing to the industry growth. The other significant regions for the product include the Asia Pacific and Europe. Within the Asia Pacific, the improving healthcare facilities and the rising demand from economies like China, India, and Japan are expected to aid the market growth in the forecast period.

Artificial Organs: Market Segmentation

Artificial organs are engineered devices or tissues that are developed to mimic natural organs and support a specific function or some functions, so that the patient suffering from organ failure may return to a normal life. These organs are implanted or integrated into a human body, further interfacing with living tissues. They perform active biological or mechanical functions.

Global Artificial Organs Market By Technology

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Based on classification, the market is bifurcated into:

  • Temporary Artificial Organs
  • Permanent Artificial Organs

Based on type, the industry can be segmented into:

  • Skin or Soft Tissue
    • Skin
    • Muscles
    • Breasts
    • Others
  • Internal Organs
    • Heart
    • Kidney
    • Pancreas
    • Liver
    • Blood Vessels
    • Others
  • Sensory Organs
    • Ears
    • Eyes

The various technologies available in the industry include:

  • Mechanical
  • Electronic

By fixation, the industry can be bifurcated into:

  • Implantable
  • Externally Worn

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Artificial Organs Market By Region

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Increase in the Number of Organ Transplantation Surgeries and Lack of Donors to Bolster the Artificial Organs Industry Growth

The rising awareness among consumers regarding organ transplantation and the lack of suitable donors and organ shortage are driving the demand for artificial organs, which is pushing the growth of the industry. With the growing need for organ transplantation, scientists are focusing on innovating safer and cheaper ways to manufacture artificial organs. Further, the growing incidence of lifestyle-related disorders and chronic diseases, along with the increasing geriatric population across the globe, is also invigorating the market growth. Other factors aiding the market expansion include favourable government initiatives and growing R&D activities, advancements in technology, escalating disposable incomes, and developing healthcare sector. Over the forecast period, advancements in the field of 3D bioprinting, which is used to develop artificial organs, and the growing integration of artificial intelligence in the healthcare sector are expected to further boost the industry growth.

Key Industry Players in the Global Artificial Organs Market

The report gives a detailed analysis of the following key players in the global artificial organs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • SynCardia Systems, LLC
  • Berlin Heart GmbH
  • Carmat SA
  • Cochlear Ltd.
  • B. Braun Melsungen AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Classification
  • Type
  • Technology
  • Method of Fixation
  • Region
Breakup by Classification
  • Temporary Artificial Organs
  • Permanent Artificial Organs
Breakup by Type
  • Skin or Soft Tissue
  • Internal Organs
  • Sensory Organs
Breakup by Technology
  • Mechanical
  • Electronic
Breakup by Method of Fixation
  • Implantable
  • Externally Worn
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SynCardia Systems, LLC
  • Berlin Heart GmbH
  • Carmat SA
  • Cochlear Ltd.
  • B. Braun Melsungen AG
  • Others
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Artificial Organs Market Report Snapshots

Artificial Organs Market Size

Artificial Organs Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market size attained a value of approximately USD 18.64 billion.

The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.

The major drivers of the industry, such as the growing demand for organ transplantation, lack of suitable donors, growing healthcare sector, rising disposable incomes, growing occurrence of lifestyle-related disorders and chronic diseases, increasing R&D activities, technological advancements, and rising geriatric population, are expected to aid the market growth.

The key market trends guiding the growth of the industry include advancements in the field of 3D bioprinting and the growing adoption of artificial intelligence in the healthcare sector.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading classifications of artificial organs in the market are temporary artificial organs and permanent artificial organs.

The significant types of artificial organs in the market are skin or soft tissue, internal organs, and sensory organs.

The major technologies in the market are mechanical and electronic.

The leading fixations of artificial organs in the market are implantable and externally worn.

The major players in the global artificial organs market are SynCardia Systems, LLC, Berlin Heart GmbH, Carmat SA, Cochlear Ltd., and B. Braun Melsungen AG, among others.

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