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.
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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.
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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
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
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.
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Some of the key topics covered in the report include:
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