The North America Artificial Organ And Bionics Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
The lack of donors is being addressed by an increase in product releases and rapid FDA approval of these devices. The market for artificial organs and bionics is growing as a result of increased R&D in the area of synthetic human body components. For instance, the early feasibility study of Carmat's artificial heart received approval from the U.S. FDA in February 2020. For those with advanced biventricular heart failure, the device offers an alternative to heart transplantation. Thus, the market is anticipated to have strong growth during the forecast period as a result of rising healthcare spending and quick FDA approval of synthetic human body parts.
The main factors expected to promote the expansion of this market are new and improved technologies, an increase in organ failure due to aging and age-related illnesses, an increase in accidents and injuries resulting in amputations, and an increase in the number of people waiting for organ transplants. Due to the robust prevalence of these factors all over the world, the demand for artificial and bionic organs is increasing. Therefore, the market is estimated to witness significant demand in the coming years.
In the United States, there is a significant prevalence of liver diseases. Any illnesses that can damage the liver of a person are referred as liver diseases. Cirrhosis can develop from liver illness over time. The liver can no longer function normally when more scar tissue takes the place of good liver tissue. Liver failure as well as liver cancer can result from untreated liver illness. According to the Cleveland Clinic, 30 million Americans, or one in ten, have some form of liver illness. Cirrhosis, often known as chronic liver disease, affects about 5.5 million Americans.
Because they are linked to rising obesity rates, some kinds of liver diseases are becoming more prevalent in the United States. Nonalcoholic fatty liver disease, which affects 20 to 30% of individuals, is characterized by excess fat in the liver (NAFD). To better highlight its connection to metabolic syndrome and diseases including diabetes, high blood pressure, high cholesterol, and obesity, this disorder might be termed metabolic-associated fatty liver disease (MAFLD).
The US market dominated the North America Artificial Organ And Bionics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,386.7 million by 2028. The Canada market is experiencing a CAGR of 11.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 10.7% during (2022 - 2028).
Based on Product, the market is segmented into Artificial Organs (Kidney, Heart, Lungs, Liver, and Pancreas) and Artificial Bionics (Cochlear Implant, Bionic limbs, Exoskeleton, Vision bionics, and Brain bionics). Based on Technology, the market is segmented into Mechanical and Electronic. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Artificial Organ And Bionics Market is Predict to reach $39.5 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abiomed, Inc., Berlin Heart GmbH, Zimmer Biomet Holdings, Inc., Boston Scientific Corporation, Cochlear Ltd., Ekso Bionics Holdings, Inc., Jarvik Heart, Inc., Medtronic PLC, iWALKFree, Inc., and Edwards Lifesciences Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Artificial Organs
- Kidney
- Heart
- Lungs
- Liver
- Pancreas
- Artificial Bionics
- Cochlear Implant
- Bionic limbs
- Exoskeleton
- Vision bionics
- Brain bionics
By Technology
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Abiomed, Inc.
- Berlin Heart GmbH
- Zimmer Biomet Holdings, Inc.
- Boston Scientific Corporation
- Cochlear Ltd.
- Ekso Bionics Holdings, Inc.
- Jarvik Heart, Inc.
- Medtronic PLC
- iWALKFree, Inc.
- Edwards Lifesciences Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Artificial Organ And Bionics Market, by Product
1.4.2 North America Artificial Organ And Bionics Market, by Technology
1.4.3 North America Artificial Organ And Bionics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Artificial Organ And Bionics Market by Product
3.1 North America Artificial Organs Market by Country
3.2 North America Artificial Organ And Bionics Market by Artificial Organs Type
3.2.1 North America Kidney Market by Country
3.2.2 North America Heart Market by Country
3.2.3 North America Lungs Market by Country
3.2.4 North America Liver Market by Country
3.2.5 North America Pancreas Market by Country
3.3 North America Artificial Bionics Market by Country
3.4 North America Artificial Organ And Bionics Market by Artificial Bionics Type
3.4.1 North America Cochlear Implant Market by Country
3.4.2 North America Bionic limbs Market by Country
3.4.3 North America Exoskeleton Market by Country
3.4.4 North America Vision bionics Market by Country
3.4.5 North America Brain bionics Market by Country
Chapter 4. North America Artificial Organ And Bionics Market by Technology
4.1 North America Mechanical Market by Country
4.2 North America Electronic Market by Country
Chapter 5. North America Artificial Organ And Bionics Market by Country
5.1 US Artificial Organ And Bionics Market
5.1.1 US Artificial Organ And Bionics Market by Product
5.1.1.1 US Artificial Organ And Bionics Market by Artificial Organs Type
5.1.1.2 US Artificial Organ And Bionics Market by Artificial Bionics Type
5.1.2 US Artificial Organ And Bionics Market by Technology
5.2 Canada Artificial Organ And Bionics Market
5.2.1 Canada Artificial Organ And Bionics Market by Product
5.2.1.1 Canada Artificial Organ And Bionics Market by Artificial Organs Type
5.2.1.2 Canada Artificial Organ And Bionics Market by Artificial Bionics Type
5.2.2 Canada Artificial Organ And Bionics Market by Technology
5.3 Mexico Artificial Organ And Bionics Market
5.3.1 Mexico Artificial Organ And Bionics Market by Product
5.3.1.1 Mexico Artificial Organ And Bionics Market by Artificial Organs Type
5.3.1.2 Mexico Artificial Organ And Bionics Market by Artificial Bionics Type
5.3.2 Mexico Artificial Organ And Bionics Market by Technology
5.4 Rest of North America Artificial Organ And Bionics Market
5.4.1 Rest of North America Artificial Organ And Bionics Market by Product
5.4.1.1 Rest of North America Artificial Organ And Bionics Market by Artificial Organs Type
5.4.1.2 Rest of North America Artificial Organ And Bionics Market by Artificial Bionics Type
5.4.2 Rest of North America Artificial Organ And Bionics Market by Technology
Chapter 6. Company Profiles
6.1 Medtronic PLC
6.1.1 Company overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 Boston Scientific Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 SWOT Analysis
6.3 Abiomed, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Research & Development Expenses
6.4 Berlin Heart GmbH
6.4.1 Company Overview
6.5 Jarvik Heart, Inc.
6.5.1 Company Overview
6.6 Zimmer Biomet Holdings, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Cochlear Ltd.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Research & Development Expense
6.8 Ekso Bionics Holdings, Inc.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.9 iWALKFree, Inc.
6.9.1 Company Overview
6.10. Edwards Lifesciences Corporation
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expenses
TABLE 1 North America Artificial Organ And Bionics Market, 2018 - 2021, USD Million
TABLE 2 North America Artificial Organ And Bionics Market, 2022 - 2028, USD Million
TABLE 3 North America Artificial Organ And Bionics Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Artificial Organ And Bionics Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Artificial Organs Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Artificial Organs Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Artificial Organ And Bionics Market by Artificial Organs Type, 2018 - 2021, USD Million
TABLE 8 North America Artificial Organ And Bionics Market by Artificial Organs Type, 2022 - 2028, USD Million
TABLE 9 North America Kidney Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Kidney Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Heart Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Heart Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Lungs Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Lungs Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Liver Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Liver Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Pancreas Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Pancreas Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Artificial Bionics Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Artificial Bionics Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Artificial Organ And Bionics Market by Artificial Bionics Type, 2018 - 2021, USD Million
TABLE 22 North America Artificial Organ And Bionics Market by Artificial Bionics Type, 2022 - 2028, USD Million
TABLE 23 North America Cochlear Implant Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Cochlear Implant Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Bionic limbs Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Bionic limbs Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Exoskeleton Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Exoskeleton Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Vision bionics Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Vision bionics Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Brain bionics Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Brain bionics Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Artificial Organ And Bionics Market by Technology, 2018 - 2021, USD Million
TABLE 34 North America Artificial Organ And Bionics Market by Technology, 2022 - 2028, USD Million
TABLE 35 North America Mechanical Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Mechanical Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Electronic Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Electronic Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Artificial Organ And Bionics Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Artificial Organ And Bionics Market by Country, 2022 - 2028, USD Million
TABLE 41 US Artificial Organ And Bionics Market, 2018 - 2021, USD Million
TABLE 42 US Artificial Organ And Bionics Market, 2022 - 2028, USD Million
TABLE 43 US Artificial Organ And Bionics Market by Product, 2018 - 2021, USD Million
TABLE 44 US Artificial Organ And Bionics Market by Product, 2022 - 2028, USD Million
TABLE 45 US Artificial Organ And Bionics Market by Artificial Organs Type, 2018 - 2021, USD Million
TABLE 46 US Artificial Organ And Bionics Market by Artificial Organs Type, 2022 - 2028, USD Million
TABLE 47 US Artificial Organ And Bionics Market by Artificial Bionics Type, 2018 - 2021, USD Million
TABLE 48 US Artificial Organ And Bionics Market by Artificial Bionics Type, 2022 - 2028, USD Million
TABLE 49 US Artificial Organ And Bionics Market by Technology, 2018 - 2021, USD Million
TABLE 50 US Artificial Organ And Bionics Market by Technology, 2022 - 2028, USD Million
TABLE 51 Canada Artificial Organ And Bionics Market, 2018 - 2021, USD Million
TABLE 52 Canada Artificial Organ And Bionics Market, 2022 - 2028, USD Million
TABLE 53 Canada Artificial Organ And Bionics Market by Product, 2018 - 2021, USD Million
TABLE 54 Canada Artificial Organ And Bionics Market by Product, 2022 - 2028, USD Million
TABLE 55 Canada Artificial Organ And Bionics Market by Artificial Organs Type, 2018 - 2021, USD Million
TABLE 56 Canada Artificial Organ And Bionics Market by Artificial Organs Type, 2022 - 2028, USD Million
TABLE 57 Canada Artificial Organ And Bionics Market by Artificial Bionics Type, 2018 - 2021, USD Million
TABLE 58 Canada Artificial Organ And Bionics Market by Artificial Bionics Type, 2022 - 2028, USD Million
TABLE 59 Canada Artificial Organ And Bionics Market by Technology, 2018 - 2021, USD Million
TABLE 60 Canada Artificial Organ And Bionics Market by Technology, 2022 - 2028, USD Million
TABLE 61 Mexico Artificial Organ And Bionics Market, 2018 - 2021, USD Million
TABLE 62 Mexico Artificial Organ And Bionics Market, 2022 - 2028, USD Million
TABLE 63 Mexico Artificial Organ And Bionics Market by Product, 2018 - 2021, USD Million
TABLE 64 Mexico Artificial Organ And Bionics Market by Product, 2022 - 2028, USD Million
TABLE 65 Mexico Artificial Organ And Bionics Market by Artificial Organs Type, 2018 - 2021, USD Million
TABLE 66 Mexico Artificial Organ And Bionics Market by Artificial Organs Type, 2022 - 2028, USD Million
TABLE 67 Mexico Artificial Organ And Bionics Market by Artificial Bionics Type, 2018 - 2021, USD Million
TABLE 68 Mexico Artificial Organ And Bionics Market by Artificial Bionics Type, 2022 - 2028, USD Million
TABLE 69 Mexico Artificial Organ And Bionics Market by Technology, 2018 - 2021, USD Million
TABLE 70 Mexico Artificial Organ And Bionics Market by Technology, 2022 - 2028, USD Million
TABLE 71 Rest of North America Artificial Organ And Bionics Market, 2018 - 2021, USD Million
TABLE 72 Rest of North America Artificial Organ And Bionics Market, 2022 - 2028, USD Million
TABLE 73 Rest of North America Artificial Organ And Bionics Market by Product, 2018 - 2021, USD Million
TABLE 74 Rest of North America Artificial Organ And Bionics Market by Product, 2022 - 2028, USD Million
TABLE 75 Rest of North America Artificial Organ And Bionics Market by Artificial Organs Type, 2018 - 2021, USD Million
TABLE 76 Rest of North America Artificial Organ And Bionics Market by Artificial Organs Type, 2022 - 2028, USD Million
TABLE 77 Rest of North America Artificial Organ And Bionics Market by Artificial Bionics Type, 2018 - 2021, USD Million
TABLE 78 Rest of North America Artificial Organ And Bionics Market by Artificial Bionics Type, 2022 - 2028, USD Million
TABLE 79 Rest of North America Artificial Organ And Bionics Market by Technology, 2018 - 2021, USD Million
TABLE 80 Rest of North America Artificial Organ And Bionics Market by Technology, 2022 - 2028, USD Million
TABLE 81 Key Information – Medtronic PLC
TABLE 82 key Information – Boston Scientific Corporation
TABLE 83 Key Information – ABIOMED, Inc.
TABLE 84 Key Information – Berlin Heart GmbH
TABLE 85 Key Information – JARVIK HEART, INC.
TABLE 86 key Information – Zimmer Biomet Holdings, Inc.
TABLE 87 key Information – Cochlear Ltd.
TABLE 88 Key Information – Ekso Bionics Holdings, Inc.
TABLE 89 Key Information – iWALKFree, Inc.
TABLE 90 Key Information – Edwards Lifesciences Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Boston Scientific Corporation