Artificial Organ And Bionics Market Forecast, Applications & Types
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<strong>Artificial</strong> <strong>Organ</strong> and <strong>Bionics</strong> <strong>Market</strong> <strong>Forecast</strong>, <strong>Applications</strong> &<br />
<strong>Types</strong><br />
“Global <strong>Artificial</strong> <strong>Organ</strong> and <strong>Bionics</strong> <strong>Market</strong> report includes in-depth analysis<br />
of industry by recent technologies, trends, opportunities, challenges, key<br />
players and business strategies considering types, segment and future<br />
outlook.”<br />
The global <strong>Artificial</strong> <strong>Organ</strong>s and <strong>Bionics</strong> <strong>Market</strong> size worth USD 38.75 billion by 2020 which is<br />
anticipated to grow at a CAGR of more than 9.3% during the forecast period. An artificial organ<br />
is a medical device that can be implanted or integrated in the human body for the purpose of<br />
restoring the target function by replacing the natural organ. Biomaterials are used to fabricate<br />
body implants or interfaces. Processing abilities which do not occur naturally can be installed<br />
and constructed with the help of artificial organs. The study and application of mechanics and<br />
electronics in order to replace a part of the functional organ that is mechanically powered or<br />
limb is known as medical bionics. A rapid development pertaining to the biomedical science field<br />
has led to the evolution of organ transplantation. Further, new organs that are used for humans<br />
can be artificially grown either in the lab, with the help of stem cells, manufactured using a<br />
machine or cyborgistation, xenotransplantation or in animals that are genetically modified.<br />
All artificial organs are not used to repair the damage that is physical, for instance, brain<br />
pacemaker helps to relieve epilepsy, shivering caused due to the Parkinson’s disease and neural<br />
network diseases. Even though they are expensive, artificial organs are widely used to prevent<br />
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death and enhance patient’s physiological function. There is an ongoing research in the fields of<br />
memory, vision and information processing. Presently, researchers are working so that they can<br />
make the bionic organs permanent along with commissioning on sensory and natural feel of the<br />
devices in order to replicate the original instruments and organs such as 3D printing of bionic<br />
organs, another type of organs such as artificial skin and others are anticipated to emerge in the<br />
future.<br />
Owing to growing R&D expenditure new products such as bionic eye, exoskeleton and bionic<br />
orthopedics have been developed. Growing prevalence of acute renal failure and renal disorders<br />
because of the lifestyle of the population, increasing organ failures due to aging and age-related<br />
disorders, increase in accidents and injuries are expected to promote growth in the number of<br />
people undergoing organ transplants and in turn drive market growth.<br />
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Product Insights<br />
The product segments that are covered in the report comprises of artificial organs, which can<br />
be segregated into artificial liver, artificial lungs, artificial heart, artificial pancreas, artificial<br />
kidney, whereas bionics can be categorized into cochlear implants, cardiac bionics, brain bionics,<br />
exoskeletons, bionic limbs and vision bionics.<br />
Among the artificial organs segment, artificial lungs and kidney are expected to experience a<br />
lucrative growth during the forecast period, owing to the increase in patient pool. Further, heart<br />
bionics are expected to account for the largest share in the bionics market due to the growing<br />
population base that are suffering from disease related to heart.<br />
Regional Insight<br />
On the basis of geography, the global artificial vital organs and medical bionics market can be<br />
categorized into North America, Europe, Asia-Pacific and Rest of the World (RoW) regions. North<br />
America accounted for the largest market share in the medical bionic implant space and the<br />
artificial organ, followed by Europe. The rise in population along with the rising awareness<br />
among the patients and players is anticipated to drive the growth of the market. In addition,
growing levels of income, increase in the healthcare expenditure, less competition as compared<br />
to the mature countries are some of the other factors that are responsible to increase the<br />
interest of the market players in the developing markets. Asia-Pacific region is anticipated to be<br />
the rapidly growing segment in the future due to the rising medical tourism, enhanced<br />
healthcare infrastructure and others.<br />
Competitive Insights<br />
Some of the players in the bionic implant or artificial organ market comprises of Asahi Kasei<br />
Kuraray Medical Co. Ltd., WorldHeart Corp., Biomet Inc., Berlin Heart Gmbh, Medtronic Inc.,<br />
Lifenet Health, Jarvik Heart Inc., Boston Scientific Corporation, Abiomed Inc., Thoratec<br />
Corporation, Gambro AB, Cochlear Ltd, Ekso Medical bionics, Heartware International Inc., Walk<br />
Inc. Ossur, Sorin S.P.A., and others.<br />
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