The Business Research Company’s Artificial Organ Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Artificial Organ Global Market Report 2023 evaluates artificial organ market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global artificial organ market size is expected to grow from $20.37 billion in 2022 to $22.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global artificial organ market size is expected to grow to $31.00 billion in 2027 at a CAGR of 8.7%
The artificial organ market segments in the report are:
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
North America was the largest region in the artificial organ market in 2022.
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The table of contents in TBRC’s artificial organ market report includes:
1. Executive Summary
2. Artificial Organ Market Characteristics
3. Artificial Organ Market Trends And Strategies
4. Artificial Organ Market - Macro Economic Scenario
5. Artificial Organ Market Size And Growth.
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26. Africa Artificial Organ Market
27. Artificial Organ Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Organ Market
29. Artificial Organ Market Future Outlook and Potential Analysis
30. Appendix
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Industry InsightsThe global artificial organs and bionics market size worth USD 38.75 billion by 2020 which is anticipated to grow at a CAGR of more than 9.3% during the forecast period.
An artificial organ is a medical device that can be implanted or integrated in the human body for the purpose of restoring the target function by replacing the natural organ.
Biomaterials are used to fabricate body implants or interfaces.
Processing abilities which do not occur naturally can be installed and constructed with the help of artificial organs.
Further, new organs that are used for humans can be artificially grown either in the lab, with the help of stem cells, manufactured using a machine or cyborgistation, xenotransplantation or in animals that are genetically modified.Request a Free Sample Copy of Artificial Organ And Bionics Market Report @ https://www.millioninsights.com/industry-reports/artificial-organ-bionics-market/request-sample All artificial organs are not used to repair the damage that is physical, for instance, brain pacemaker helps to relieve epilepsy, shivering caused due to the Parkinson’s disease and neural network diseases.
Presently, researchers are working so that they can make the bionic organs permanent along with commissioning on sensory and natural feel of the devices in order to replicate the original instruments and organs such as 3D printing of bionic organs, another type of organs such as artificial skin and others are anticipated to emerge in the future.Owing to growing R expenditure new products such as bionic eye, exoskeleton and bionic orthopedics have been developed.
