Market revenue in 2022 | USD 863.5 million |
Market revenue in 2030 | USD 1,827.3 million |
Growth rate | 9.8% (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 Italy artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
Major factors driving the market include increasing incidence of organ failure and a large number of people on the waiting list. A significant number of road accidents in the country is further boosting the demand for artificial organs. According to the European Road Safety Observatory report, there were 175,791 accidents in the country in 2016.
Furthermore, increasing healthcare expenditure, coupled with favorable reimbursement policies, is expected to boost the demand for artificial organs over the coming years. According to the Global Observatory Donation and Transplantation, 3,788 transplantation procedures were performed in 2018.
Thus, the abovementioned factors are expected to boost the demand for artificial organs and bionics in the country over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into Italy artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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