Middle East & Africa Artificial Organs And Bionics Market Size & Outlook
Middle East & Africa artificial organs and bionics market, 2018-2030 (US$M)
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MEA artificial organs and bionics market highlights
- The MEA artificial organs and bionics market generated a revenue of USD 1,590.9 million in 2022.
- The market is expected to grow at a CAGR of 9.6% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,590.9 million |
| Market revenue in 2030 | USD 3,320.7 million |
| Growth rate | 9.6% (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 |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.6% of the global artificial organs and bionics market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,916.9 million by 2030.
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Artificial Organs And Bionics Market Scope
Artificial Organs And Bionics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 70.52% in 2022. Horizon Databook has segmented the Middle East & Africa artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA consists of countries such as South Africa and Saudi Arabia. This region consists of countries that are economically developed and thus a large number of surgical procedures are reported in the region. Saudi Arabia’s Center for Organ Transplantation has performed a large number of organ transplants and donations.
The center facilitates the process of organ donation between donor hospitals and transplant centers by managing the coordination, teams, and assuring consent between organ donors & receivers. South Africa faces cultural and religious issues concerning organ donation. This obstructs the growth of the transplantation market in the country.
According to the NCBI, the majority of individuals are not willing to donate organs unless they are donating to close relatives. Thus, the growth of the market is comparatively slow in the region; however, there are various nonprofit organizations such as the Organ Donor Foundation, which help raise awareness and facilitate organ donations in the country.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa artificial organs and bionics market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA artificial organs and bionics market size, by country, 2018-2030 (US$M)
Middle East & Africa Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)
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