Market revenue in 2022 | USD 15,433.3 million |
Market revenue in 2030 | USD 29,415.6 million |
Growth rate | 8.4% (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 70.31% in 2022. Horizon Databook has segmented the North America artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for the largest share of the artificial organ and bionics market, owing to an increase in the number of organ transplantation procedures and growth in the need for organ transplants due to high incidence of organ failures.
According to the Organ Procurement and Transplantation Network, 118,020 individuals required organ transplantation in the U.S in 2017. With an increasing prevalence of chronic diseases such as cancer, kidney diseases, and cardiac disorders, the incidence of organ failure has also increased. This has led to a high demand for artificial organs, which has further encouraged R&D in this field.
An increase in the number of chronic kidney diseases in the region is likely to boost the demand for artificial organs in the region. Thus, North America’s artificial organ and bionics market is expected to grow at a lucrative rate over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America artificial organs and bionics market, including forecasts for subscribers. This continent databook contains high-level insights into North America artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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