Artificial Organs Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44011
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The artificial organs market value is projected to grow by $ 10.90 bn at a CAGR of 9% during 2021-2025.

This artificial organs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Product (Artificial heart, Artificial kidney, Cochlear implants, and Artificial pancreas) and Geography (North America, Europe, Asia, and ROW). The artificial organs market report also offers information on several market vendors, including Abbott Laboratories, Asahi Kasei Corp., B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., Cochlear Ltd., F. Hoffmann-La Roche Ltd., Fresenius Medical Care AG and Co. KGaA, Medtronic Plc, and Nipro Europe Group Companies among others.

What will the Artificial Organs Market Size be in 2021?

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Artificial Organs Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the increasing prevalence of chronic disorders are notably supporting the artificial organs market growth. On the other hand, factors such as complications and limitations of artificial organs have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic artificial organs market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Artificial Organs Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Abbott Laboratories
  • Asahi Kasei Corp.
  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Boston Scientific Corp.
  • Cochlear Ltd.
  • F. Hoffmann-La Roche Ltd.
  • Fresenius Medical Care AG and Co. KGaA
  • Medtronic Plc
  • Nipro Europe Group Companies

The artificial organs market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full artificial organs market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

Download a free sample of the artificial organs market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Artificial Organs Market?

Artificial Organs Market Share by Geography

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US, Germany, UK, Japan, and France are the key markets for artificial organs market in North America. Learn about the key, emerging, and untapped markets from our artificial organs market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 46% of the market’s growth will originate from North America during the forecast period.

North America has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in North America is shortage of organ donors. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Artificial Organs Market?

Artificial Organs Market Share by Product

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The artificial organs market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The artificial organs market share growth by the __ segment has been significant and is expected to provide significant growth opportunities to market vendors.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the artificial organs market size.

Artificial Organs Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 10.90 billion

Market structure

Fragmented

YoY growth (%)

8.40

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 46%

Key consumer countries

US, Germany, UK, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, Asahi Kasei Corp., B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., Cochlear Ltd., F. Hoffmann-La Roche Ltd., Fresenius Medical Care AG and Co. KGaA, Medtronic Plc, and Nipro Europe Group Companies

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Artificial Organs Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive artificial organs market growth during the next five years
  • Precise estimation of the artificial organs market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial organs market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial organs market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The artificial organs market growth will increase by $11073.00 million during 2019-2024.
The artificial organs market is expected to grow at a CAGR of 8.99% during 2019-2024.
Technavio has segmented the artificial organs market by product (Artificial heart, Artificial kidney, Cochlear implants, and Artificial pancreas) and geographic (North America, Europe, APAC, and ROW).
Abbott Laboratories, Asahi Kasei Corp., B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., Cochlear Ltd., F. Hoffmann-La Roche Ltd., Fresenius Medical Care AG & Co. KGaA, Medtronic Plc, Nipro Corp. are a few of the key vendors in the artificial organs market.
North America will register the highest growth rate of 34.58% among the other regions. Therefore, the artificial organs market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • Japan
  • Canada
  • UK
  • France
The key factors driving the artificial organs market growth are:
  • Increasing prevalence of chronic disorders
The artificial organs market vendors should focus on grabbing business opportunities from the artificial heart segment as it accounted for the largest market share in the base year.
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