+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Artificial Organs Market Report and Forecast 2024-2032

  • PDF Icon

    Report

  • 200 Pages
  • September 2024
  • Region: Global
  • Expert Market Research
  • ID: 6016005
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 and attain a market value of USD 33.7 billion by 2032.

Global Artificial Organs Market Analysis

The global artificial organs market encompasses the development and sale of mechanical devices designed to replace natural organs that have failed or are functioning inadequately. These devices include artificial hearts, kidneys, lungs, livers, and pancreas, among others. The market has seen significant advancements due to the rising prevalence of chronic diseases, the growing ageing population, and technological innovations. Artificial organs are crucial for improving the quality of life and extending the lifespan of patients with severe organ dysfunctions.

Market Drivers

Increasing Prevalence of Chronic Diseases: The rising incidence of chronic diseases such as cardiovascular disorders, diabetes, and renal diseases drives the demand for artificial organs. These conditions often lead to organ failure, necessitating the use of artificial substitutes.

Ageing Population: As the global population ages, the number of individuals suffering from age-related organ failures increases. This demographic shift significantly boosts the demand for artificial organs.

Technological Advancements: Innovations in medical technology, including 3D printing and tissue engineering, have revolutionised the production and functionality of artificial organs. These advancements improve the efficacy and compatibility of artificial organs with the human body.

Shortage of Donor Organs: The persistent shortage of donor organs for transplantation underscores the need for artificial alternatives. Artificial organs offer a viable solution to bridge the gap between demand and supply.

Government Initiatives and Funding: Various governments and health organisations are investing heavily in the research and development of artificial organs. These initiatives aim to reduce healthcare costs and improve patient outcomes.

Market Challenges

High Costs: The development and implementation of artificial organs are expensive, which can limit accessibility, especially in low- and middle-income countries. The high cost of production and the required advanced infrastructure pose significant barriers.

Biocompatibility Issues: Ensuring that artificial organs are biocompatible and do not trigger adverse immune responses remains a critical challenge. Ongoing research aims to address these issues, but biocompatibility remains a hurdle.

Regulatory Hurdles: The stringent regulatory framework governing the approval of artificial organs can delay market entry. Ensuring safety and efficacy through rigorous testing is essential but can be a lengthy process.

Ethical Concerns: The use of artificial organs raises ethical questions regarding their accessibility, the potential for inequality in healthcare, and the long-term implications of artificial life support systems.

Future Opportunities

3D Printing and Bioprinting: Advances in 3D printing and bioprinting technologies present significant opportunities for the artificial organs market. These technologies allow for the precise creation of organ structures and the possibility of customising organs to individual patients' needs.

Emerging Markets: The expansion of healthcare infrastructure in emerging economies presents new opportunities for market growth. As these regions develop, the demand for advanced medical treatments, including artificial organs, is expected to rise.

Regenerative Medicine: The integration of regenerative medicine and artificial organs holds promise for the future. Combining stem cell therapy with artificial organs could enhance organ regeneration and function, reducing the dependency on mechanical devices.

Collaboration and Partnerships: Increased collaboration between medical device companies, research institutions, and healthcare providers can accelerate innovation and market penetration. Strategic partnerships can also help in overcoming regulatory and cost-related challenges.

Artificial Intelligence and Robotics: Incorporating artificial intelligence (AI) and robotics into the design and function of artificial organs can improve their performance and integration with the human body. AI can aid in predictive maintenance and personalised treatment plans, enhancing the overall effectiveness of artificial organs.

Global Artificial Organs Market Trends

The global artificial organs market is experiencing rapid growth due to advancements in medical technology and the increasing need for organ replacement solutions. These trends are shaping the future of the market, providing innovative solutions to address the challenges associated with organ failure.

Market Trends

Rise of Bioprinting Technology: The adoption of bioprinting technology is revolutionising the production of artificial organs. This technology allows for the precise fabrication of complex organ structures using bio-inks, which include living cells and biomaterials. Bioprinting offers the potential for creating fully functional, patient-specific organs, reducing the risk of rejection and improving the integration with the patient’s body.

Integration of Artificial Intelligence (AI): AI is increasingly being integrated into the design and functionality of artificial organs. AI algorithms can optimise the performance of these devices by monitoring their function, predicting potential failures, and personalising treatment plans based on individual patient data. This integration enhances the reliability and effectiveness of artificial organs, making them more adaptive to the patient's needs.

Development of Wearable Artificial Organs: Wearable artificial organs are gaining popularity due to their portability and convenience. Innovations in miniaturisation and battery technology have enabled the development of compact, wearable devices that can perform the functions of traditional, larger artificial organs. These wearable devices improve the quality of life for patients by offering greater mobility and independence.

Focus on Regenerative Medicine: The convergence of regenerative medicine and artificial organs is a significant trend. Researchers are exploring the use of stem cells and tissue engineering to enhance the regenerative capabilities of artificial organs. This approach aims to not only replace damaged organs but also to stimulate the body’s natural healing processes, potentially reducing the long-term dependency on mechanical devices.

Increasing Investment and Funding: There is a growing trend of increased investment and funding in the artificial organs market. Governments, private investors, and healthcare organisations are allocating substantial resources to the research and development of advanced artificial organ technologies. This influx of funding is accelerating innovation and bringing new products to market more quickly.

Patient-Centric Designs: The design of artificial organs is becoming increasingly patient-centric. Manufacturers are focusing on creating devices that are tailored to individual patient needs, considering factors such as biocompatibility, ease of use, and aesthetic appeal. This trend aims to improve patient acceptance and adherence to artificial organ solutions, enhancing overall treatment outcomes.

Global Artificial Organs Market Segmentation

Market Breakup by Type

  • Skin or Soft Tissue
  • Skin
  • Muscles
  • Breasts
  • Others
  • Internal Organs
  • Heart
  • Kidney
  • Pancreas
  • Liver
  • Blood Vessels
  • Others
  • Sensory Organs
  • Ears
  • Eyes
  • Others
The artificial organs market, segmented by type, includes skin or soft tissue, internal organs, and sensory organs. Key drivers include rising chronic disease prevalence, technological advancements, and the ageing population. Skin and soft tissue replacements, such as artificial skin, muscles, and breasts, address cosmetic and reconstructive needs. Internal organs like artificial hearts, kidneys, pancreas, liver, and blood vessels are crucial for life-saving interventions. Sensory organ replacements, including ears and eyes, enhance quality of life for sensory impairments. Future growth is driven by innovations in bioprinting and AI, positioning these segments to significantly propel market expansion during the forecast period.

Market Breakup by Classification

  • Temporary Artificial Organs
  • Permanent Artificial Organs
The artificial organs market, segmented by classification, includes temporary and permanent artificial organs. Market drivers encompass the increasing prevalence of chronic diseases, technological advancements, and a growing ageing population. Temporary artificial organs, such as ventricular assist devices and dialysis machines, provide crucial support during acute organ failure or while awaiting transplantation. Permanent artificial organs, like artificial hearts and cochlear implants, offer long-term solutions for chronic organ failures and sensory impairments. Future growth is anticipated from ongoing innovations and increasing investment in healthcare technology, with these segments poised to drive significant market expansion in the forecast period.

Market Breakup by Technology

  • Mechanical
  • Electronic
The artificial organs market, segmented by technology, includes mechanical and electronic artificial organs. Market drivers include the increasing prevalence of chronic diseases, technological advancements, and a growing ageing population. Mechanical artificial organs, such as heart valves and prosthetic limbs, provide structural and functional support through engineering solutions. Electronic artificial organs, like cochlear implants and retinal implants, utilise advanced electronics to restore sensory and functional capabilities. Future growth is driven by innovations in bioprinting, AI, and wearable technologies, with these segments expected to significantly propel market expansion in the forecast period.

Market Breakup by Method of Fixation

  • Implantable
  • Externally Worn
The artificial organs market, segmented by method of fixation, includes implantable and externally worn artificial organs. Market drivers include the rising prevalence of chronic diseases, technological advancements, and an ageing population. Implantable artificial organs, such as artificial hearts and cochlear implants, are surgically placed within the body to provide long-term functionality and integration. Externally worn artificial organs, like dialysis machines and wearable insulin pumps, offer non-invasive solutions for ongoing medical support. Future growth is driven by innovations in miniaturisation, biocompatibility, and patient-centric designs, positioning these segments to drive significant market expansion during the forecast period.

Market Breakup by Region

  • North America 
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
The artificial organs market, segmented by region, includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Market drivers include technological advancements, increasing prevalence of chronic diseases, and improving healthcare infrastructure. North America and Europe lead the market due to high healthcare expenditure and advanced medical technologies. Asia Pacific is witnessing rapid growth due to economic development and increasing healthcare investments. Latin America and the Middle East and Africa show promising potential with expanding healthcare access and rising awareness. Future growth is expected across all regions, driven by continuous innovations and increasing demand for artificial organ solutions.

Global Artificial Organs Market Competitive Landscape

The competitive landscape of the global artificial organs market features key players such as SynCardia Systems, LLC, Berlin Heart GmbH, Carmat SA, Cochlear Ltd., Organovo, and BiVACOR. These companies are actively engaged in various market activities to strengthen their positions. Common activities include mergers and acquisitions to expand market reach and capabilities, as well as substantial research initiatives aimed at technological advancements and product innovation. Product introductions are frequent, with companies launching next-generation artificial organs and devices to meet growing demand. Partnerships and collaborations with research institutions and healthcare providers are also prominent, facilitating the development and commercialisation of cutting-edge artificial organ technologies. This dynamic environment underscores the competitive nature of the market and the continuous efforts of these key players to drive growth and innovation.

Key Questions Answered in the Report

  • What is the current and future performance of the global artificial organs market?
  • What are the main challenges facing the global artificial organs market?
  • What are the key drivers of the global artificial organs market?
  • What emerging trends are shaping the future of the global artificial organs market?
  • How can artificial intelligence and robotics enhance the performance of artificial organs?
  • How is the patient-centric design trend improving acceptance and outcomes of artificial organs?
  • How do artificial internal and sensory organs contribute to life-saving interventions and quality of life?
  • How do temporary artificial organs support patients during acute organ failure or transplantation wait times?
  • How do electronic artificial organs and emerging technologies drive future market growth?
  • How do externally worn artificial organs and innovations contribute to future market growth?
  • What are the common strategies used by key players in the global artificial organs market?

Key Benefits for Stakeholders

  • The industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the global artificial organs market from 2017-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global artificial organs market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the global artificial organs industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.


This product will be delivered within 5-7 business days.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Artificial Organs Market Overview
3.1 Global Artificial Organs Market Historical Value (2017-2023)
3.2 Global Artificial Organs Market Forecast Value (2024-2032)
4 Vendor Positioning Analysis
4.1 Key Vendors
4.2 Prospective Leaders
4.3 Niche Leaders
4.4 Disruptors
5 Global Artificial Organs Market Landscape*
5.1 Global Artificial Organs: Developers Landscape
5.1.1 Analysis by Year of Establishment
5.1.2 Analysis by Company Size
5.1.3 Analysis by Region
5.2 Global Artificial Organs: Product Landscape
5.2.1 Analysis by Type
5.2.2 Analysis by Classification
5.2.3 Analysis by Technology
5.2.4 Analysis by Method of Fixation
6 Global Artificial Organs Market Dynamics
6.1 Market Drivers and Constraints
6.2 SWOT Analysis
6.2.1 Strengths
6.2.2 Weaknesses
6.2.3 Opportunities
6.2.4 Threats
6.3 PESTEL Analysis
6.3.1 Political
6.3.2 Economic
6.3.3 Social
6.3.4 Technological
6.3.5 Legal
6.3.6 Environment
6.4 Porter’s Five Forces Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Rivalry
6.5 Key Demand Indicators
6.6 Key Price Indicators
6.7 Industry Events, Initiatives, and Trends
6.8 Value Chain Analysis
7 Global Artificial Organs Market Segmentation (2017-2032)
7.1 Global Artificial Organs Market (2017-2032) by Type
7.1.1 Market Overview
7.1.2 Skin or Soft Tissue
7.1.2.1 Skin
7.1.2.2 Muscles
7.1.2.3 Breasts
7.1.2.4 Others
7.1.3 Internal Organs
7.1.3.1 Heart
7.1.3.2 Kidney
7.1.3.3 Pancreas
7.1.3.4 Liver
7.1.3.5 Blood Vessels
7.1.3.6 Others
7.1.4 Sensory Organs
7.1.4.1 Ears
7.1.4.2 Eyes
7.1.4.3 Others
7.2 Global Artificial Organs Market (2017-2032) by Classification
7.2.1 Market Overview
7.2.2 Temporary Artificial Organs
7.2.3 Permanent Artificial Organs
7.3 Global Artificial Organs Market (2017-2032) by Technology
7.3.1 Market Overview
7.3.2 Mechanical
7.3.3 Electronic
7.4 Global Artificial Organs Market (2017-2032) by Method of Fixation
7.4.1 Market Overview
7.4.2 Implantable
7.4.3 Externally Worn
7.5 Global Artificial Organs Market (2017-2032) by Region
7.5.1 Market Overview
7.5.2 North America
7.5.3 Europe
7.5.4 Asia Pacific
7.5.5 Latin America
7.5.6 Middle East and Africa
8 North America Artificial Organs Market (2017-2032)
8.1 North America Artificial Organs Market (2017-2032) by Type
8.1.1 Market Overview
8.1.2 Skin or Soft Tissue
8.1.2.1 Skin
8.1.2.2 Muscles
8.1.2.3 Breasts
8.1.2.4 Others
8.1.3 Internal Organs
8.1.3.1 Heart
8.1.3.2 Kidney
8.1.3.3 Pancreas
8.1.3.4 Liver
8.1.3.5 Blood Vessels
8.1.3.6 Others
8.1.4 Sensory Organs
8.1.4.1 Ears
8.1.4.2 Eyes
8.1.4.3 Others
8.2 North America Artificial Organs Market (2017-2032) by Classification
8.2.1 Market Overview
8.2.2 Temporary Artificial Organs
8.2.3 Permanent Artificial Organs
8.3 North America Artificial Organs Market (2017-2032) by Country
8.3.1 United States of America
8.3.2 Canada
9 Europe Artificial Organs Market (2017-2032)
9.1 Europe Artificial Organs Market (2017-2032) by Type
9.1.1 Market Overview
9.1.2 Skin or Soft Tissue
9.1.2.1 Skin
9.1.2.2 Muscles
9.1.2.3 Breasts
9.1.2.4 Others
9.1.3 Internal Organs
9.1.3.1 Heart
9.1.3.2 Kidney
9.1.3.3 Pancreas
9.1.3.4 Liver
9.1.3.5 Blood Vessels
9.1.3.6 Others
9.1.4 Sensory Organs
9.1.4.1 Ears
9.1.4.2 Eyes
9.1.4.3 Others
9.2 Europe Artificial Organs Market (2017-2032) by Classification
9.2.1 Market Overview
9.2.2 Temporary Artificial Organs
9.2.3 Permanent Artificial Organs
9.3 Europe Artificial Organs Market (2017-2032) by Country
9.3.1 United Kingdom
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Others
10 Asia Pacific Artificial Organs Market (2017-2032)
10.1 Asia Pacific Artificial Organs Market (2017-2032) by Type
10.1.1 Market Overview
10.1.2 Skin or Soft Tissue
10.1.2.1 Skin
10.1.2.2 Muscles
10.1.2.3 Breasts
10.1.2.4 Others
10.1.3 Internal Organs
10.1.3.1 Heart
10.1.3.2 Kidney
10.1.3.3 Pancreas
10.1.3.4 Liver
10.1.3.5 Blood Vessels
10.1.3.6 Others
10.1.4 Sensory Organs
10.1.4.1 Ears
10.1.4.2 Eyes
10.1.4.3 Others
10.2 Asia Pacific Artificial Organs Market (2017-2032) by Classification
10.2.1 Market Overview
10.2.2 Temporary Artificial Organs
10.2.3 Permanent Artificial Organs
10.3 Asia Pacific Artificial Organs Market (2017-2032) by Country
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 ASEAN
10.3.5 Australia
10.3.6 Others
11 Latin America Artificial Organs Market (2017-2032)
11.1 Latin America Artificial Organs Market (2017-2032) by Type
11.1.1 Market Overview
11.1.2 Skin or Soft Tissue
11.1.2.1 Skin
11.1.2.2 Muscles
11.1.2.3 Breasts
11.1.2.4 Others
11.1.3 Internal Organs
11.1.3.1 Heart
11.1.3.2 Kidney
11.1.3.3 Pancreas
11.1.3.4 Liver
11.1.3.5 Blood Vessels
11.1.3.6 Others
11.1.4 Sensory Organs
11.1.4.1 Ears
11.1.4.2 Eyes
11.1.4.3 Others
11.2 Latin America Artificial Organs Market (2017-2032) by Classification
11.2.1 Market Overview
11.2.2 Temporary Artificial Organs
11.2.3 Permanent Artificial Organs
11.3 Latin America Artificial Organs Market (2017-2032) by Country
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Mexico
11.3.4 Others
12 Middle East and Africa Artificial Organs Market (2017-2032)
12.1 Middle East and Africa Artificial Organs Market (2017-2032) by Type
12.1.1 Market Overview
12.1.2 Skin or Soft Tissue
12.1.2.1 Skin
12.1.2.2 Muscles
12.1.2.3 Breasts
12.1.2.4 Others
12.1.3 Internal Organs
12.1.3.1 Heart
12.1.3.2 Kidney
12.1.3.3 Pancreas
12.1.3.4 Liver
12.1.3.5 Blood Vessels
12.1.3.6 Others
12.1.4 Sensory Organs
12.1.4.1 Ears
12.1.4.2 Eyes
12.1.4.3 Others
12.2 Middle East and Africa Artificial Organs Market (2017-2032) by Classification
12.2.1 Market Overview
12.2.2 Temporary Artificial Organs
12.2.3 Permanent Artificial Organs
12.3 Middle East and Africa Artificial Organs Market (2017-2032) by Country
12.3.1 Saudi Arabia
12.3.2 United Arab Emirates
12.3.3 Nigeria
12.3.4 South Africa
12.3.5 Others
13 Regulatory Framework
13.1 Regulatory Overview
13.2 US FDA
13.3 EU EMA
13.4 INDIA CDSCO
13.5 JAPAN PMDA
13.6 Others
14 Strategic Initiatives
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership and Collaborations
14.3 Analysis by Joint Ventures
14.4 Analysis by Leading Players
14.5 Analysis by Geography
15 Supplier Landscape
15.1 Market Share Analysis, By Region (Top 5 Companies)
15.1.1 Market Share Analysis: Global
15.1.2 Market Share Analysis: North America
15.1.3 Market Share Analysis: Europe
15.1.4 Market Share Analysis: Asia Pacific
15.1.5 Market Share Analysis: Others
15.2 SynCardia Systems, LLC
15.2.1 Financial Analysis
15.2.2 Product Portfolio
15.2.3 Demographic Reach and Achievements
15.2.4 Mergers and Acquisitions
15.2.5 Certifications
15.3 Berlin Heart GmbH
15.3.1 Financial Analysis
15.3.2 Product Portfolio
15.3.3 Demographic Reach and Achievements
15.3.4 Mergers and Acquisitions
15.3.5 Certifications
15.4 Carmat SA
15.4.1 Financial Analysis
15.4.2 Product Portfolio
15.4.3 Demographic Reach and Achievements
15.4.4 Mergers and Acquisitions
15.4.5 Certifications
15.5 Cochlear Ltd.
15.5.1 Financial Analysis
15.5.2 Product Portfolio
15.5.3 Demographic Reach and Achievements
15.5.4 Mergers and Acquisitions
15.5.5 Certifications
15.6 Organovo
15.6.1 Financial Analysis
15.6.2 Product Portfolio
15.6.3 Demographic Reach and Achievements
15.6.4 Mergers and Acquisitions
15.6.5 Certifications
15.7 BiVACOR
15.7.1 Financial Analysis
15.7.2 Product Portfolio
15.7.3 Demographic Reach and Achievements
15.7.4 Mergers and Acquisitions
15.7.5 Certifications
16 Global Artificial Organs Market - Distribution Model (Additional Insight)
16.1 Overview
16.2 Potential Distributors
16.3 Key Parameters for Distribution Partner Assessment
17 Key Opinion Leaders (KOL) Insights (Additional Insight)

Companies Mentioned

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

Methodology

Loading
LOADING...