India Artificial Organs And Bionics Market Size & Outlook

The artificial organs and bionics market in India is expected to reach a projected revenue of US$ 2,972.3 million by 2030. A compound annual growth rate of 12.2% is expected of India artificial organs and bionics market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,183.4
Forecast, 2030 (US$M)
$2,972.3
CAGR, 2023 - 2030
12.2%
Report Coverage
India

India artificial organs and bionics market, 2018-2030 (US$M)

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India artificial organs and bionics market, 2018-2030 (US$M)

India artificial organs and bionics market highlights

  • The India artificial organs and bionics market generated a revenue of USD 1,183.4 million in 2022 and is expected to reach USD 2,972.3 million by 2030.
  • The India market is expected to grow at a CAGR of 12.2% from 2023 to 2030.
  • In terms of segment, artificial organ was the largest revenue generating product in 2022.
  • Artificial bionics is the most lucrative product segment registering the fastest growth during the forecast period.


Artificial organs and bionics market data book summary

Market revenue in 2022USD 1,183.4 million
Market revenue in 2030USD 2,972.3 million
Growth rate12.2% (CAGR from 2022 to 2030)
Largest segmentArtificial organ
Fastest growing segmentArtificial bionics
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationArtificial Organ, Artificial bionics
Key market players worldwideZimmer 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


Other key industry trends

  • In terms of revenue, India accounted for 3.4% of the global artificial organs and bionics market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China artificial organs and bionics market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,972.3 million by 2030.

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Artificial Organs And Bionics Market Companies

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India artificial organs and bionics market outlook

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.

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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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India artificial organs and bionics market size, by product, 2018-2030 (US$M)

India Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)

India artificial organs and bionics market size, by product, 2018-2030 (US$M)

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