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Artificial Organ Bank Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Organ necessity is surpassing the supply of donated organs. Even today there are loads of patients waiting for organ transplant but not everyone can get it done due to the low supply of organ transplant.According to the American Transplant Foundation in United States about 123,000 patients are waiting for organ transplantation and nearly 21 people die every day due to the scarcity of organ transplant. Not only the organ scarcity is an issue but also finding a right organ for the body is a major concern. To resolve this issue biomedicine is a growing shift in the science world.Biomedicine is a division of medical science which seeks biological and other natural-science values to clinical practice for developing artificial organs. Due to biomedicine right organ can be delivered to the patient at a right time. Thus biomedicine is a ray of hope to the ones who are suffering from organ failure. 

An artificial organ is a human made device or machine which is inserted into human being to substitute the natural organ which is damaged, for the purpose of restoring the functions related to it, so that the patient may return to his normal life as early as possibleThe special materials used to develop artificial organs are biomaterials which are accepted by our body. 

Artificial organ bank market is segmented into four types artificial organs (product type), technology, bionics and geography. The artificial organ market includes organs such as kidney, heart, liver, pancreas, blood vessels, eyes and ears.Heart and Kidney are the most developed and widely used artificial organs.Technology is segmented into electrical and mechanical. The market for bionics can be classified into vision bionic, ear bionic, cardiac bionic, brain bionic and bionic limbs.On the basis of the geography, the artificial organ market can be segmented into North America), Europe, Asia Pacific, Latin America and Rest of the World. North America dominates the market followed by the European region. 

The increasing number of dialysis,renal failure due to faulty lifestyle, rapid aging population and disorders, increase in the number of accidents, increase in the number of people waiting for organ transplantation are the main factors responsible to drive the market. The various technological development in artificial organ, scientist are carrying out various studies on biofuel cells which can utilize the glucose and oxygen from human body to generate electricity. These factors create an opportunity for artificial organ market. Theinadequate battery life, regulatory requirements of an artificial organ, high pricing of these products to the patients. Also the patient with the artificial organ cannot undergo other medical examination due to the magnetic reaction between the artificial organ and metal takes place. All these factors are responsible for hampering the growth of global artificial organ bank market 

Some of the major players in the artificial organ bank market are ABIOMED, Inc., Thoratec Corporation, Biomet Inc., Asahi Kasei Medical Co., Ltd., HeartWare, Inc.and Berlin Heart GmbH. 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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