Global Artificial Organs Market 2018-2022 | 10% CAGR Projection Over the Next Four Years | Technavio

Technavio
analysts forecast the global artificial organs market is expected to
grow at a CAGR of around 10% during the period 2018-2022, according to
their latest market research report.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180710005762/en/

Technavio has published a new market research report on the global artificial organs market from 2018-2022. (Graphic: Business Wire)

The emergence of total artificial hearts (TAH) is one of the major
trends being witnessed in the global
artificial organs market 2018-2022. TAH has emerged as an
effective treatment option for patients with end-stage biventricular
heart failure, awaiting orthotopic heart transplantation. Their use as
an intermediate to heart transplantation was recently approved globally.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global artificial organs market is the increasing
prevalence of chronic disorders:

Global artificial organs market: Increasing
prevalence of chronic disorders

The increase in the prevalence of cardiovascular diseases (CVDs) such as
strokes and cardiac diseases, diabetes, chronic kidney diseases, hearing
disorders and rise in aging population are likely to increase the demand
for artificial organs. The rise in physical inactivity and unhealthy
diets has led to an increase in chronic diseases and cardiovascular
disorders leading to an increase in demand for devices such as
pacemakers and total artificial hearts.

According to a senior market research analyst at Technavio, “The
global artificial organs market is highly competitive, and vendors are
offering differentiated novel products to sustain in the market and gain
revenues. Several manufacturers are focusing on developing artificial
organs with improved patient comfort. Manufacturers are also making
significant investments in R&D to cater to the requirements of
end-users. This is expected to result in new developments and clinical
applications of artificial organs.”

Global artificial organs market: Segmentation
analysis

The global artificial organs market research report provides market
segmentation by product (artificial heart, artificial kidney, cochlear
implants, and artificial pancreas), by end-user (hospitals and clinics,
ASCs, dialysis centers, and others), and by region (the Americas, EMEA,
and APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

The hospitals and clinics segment was the largest end-user segment in
2017 with a market share of 45%. Hospitals provide all the treatment
services for chronic diseases with minimally invasive surgeries. Large
hospitals have more than 500 hospital beds and they provide many
inpatient and outpatient medical facilities.

The Americas held the largest share of the market in 2017, accounting
for close to 47% share, followed by the EMEA and APAC respectively.
Although APAC held the smallest share of the market, it is expected to
witness the maximum increase in its market share over the forecast
period owing to the presence of a large patient pool and improvements in
hospital infrastructure. Japan, China, and Australia are the major
revenue contributors in the region.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005762/en/

Leave a Comment