Market revenue in 2022 | USD 1,183.4 million |
Market revenue in 2030 | USD 2,972.3 million |
Growth rate | 12.2% (CAGR from 2022 to 2030) |
Largest segment | Artificial organ |
Fastest growing segment | Artificial bionics |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 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 70.61% in 2022. Horizon Databook has segmented the India artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
India’s market is expected to show a high growth rate over the coming years, owing to an increasing patient population, unmet patient needs, and favorable government initiatives. The high prevalence of obesity and diabetes in the Indian population enhances the requirement for organ donation.
According to WHO, around 0.01% of the Indian population donates organs after death. WHO also stated that an estimated 250,000 people require a kidney transplant, 80,000 require a liver transplant, 50,000 need a heart transplant, and 100,000 need a cornea transplant each year.
Organizations such as Indo American Health assist medical travelers in finding the best hospitals for treatment. According to officials at the India Virtual Hospital, India is a global platform for patients, as the country offers medical treatment at nearly 1/10th of the average cost in the UK and the U.S.
Horizon Databook provides a detailed overview of country-level data and insights on the India artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into India artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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