Market revenue in 2022 | USD 8,228.5 million |
Market revenue in 2030 | USD 16,603.6 million |
Growth rate | 9.2% (CAGR from 2022 to 2030) |
Largest segment | Artificial organ |
Fastest growing segment | Artificial bionics |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Artificial Organ, Artificial bionics |
Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial organs and bionics market will help companies and investors design strategic landscapes.
Artificial organ was the largest segment with a revenue share of 70.55% in 2022. Horizon Databook has segmented the Europe artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
According to a report published by the NHS Blood and Transplant, during 2018-2019, around 3,951 transplant procedures were performed in the UK. The presence of a large number of organ donors in Europe is boosting the organ support system in the region.
Advancements in transplantation technology and highly developed healthcare infrastructure in most European countries have driven the demand for artificial organs. Growing demand for artificial organs can be attributed to an increase in the number of chronic diseases, including cancers, renal diseases, and COPDs, which may lead to organ failures.
Increasing healthcare expenditure and the strong local presence of key players are further increasing the demand in the region. Technological advancements in the field of 3D printing is also boosting the demand for artificial organs in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe artificial organs and bionics market, including forecasts for subscribers. This continent databook contains high-level insights into Europe artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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