South Africa Artificial Organs And Bionics Market Size & Outlook
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South Africa artificial organs and bionics market highlights
- The South Africa artificial organs and bionics market generated a revenue of USD 419.4 million in 2022 and is expected to reach USD 809.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.6% 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.
Artificial organs and bionics market data book summary
| Market revenue in 2022 | USD 419.4 million |
| Market revenue in 2030 | USD 809.7 million |
| Growth rate | 8.6% (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 |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% 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 Middle East & Africa, South Africa artificial organs and bionics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 723.6 million by 2030.
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Artificial Organs And Bionics Market Scope
Artificial Organs And Bionics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SynCardia Systems | View profile | 101-250 | Tucson, Arizona, United States, North America | http://www.syncardia.com/ |
| Berlin Heart GmbH | View profile | 501-1000 | Berlin, Berlin, Germany, Europe | http://www.berlinheart.de/ |
| Symbotic Inc Ordinary Shares - Class A | View profile | 1300 | 200 Research Drive, Wilmington, MA, United States, 01887 | https://www.symbotic.com |
| Edwards Lifesciences Corp | View profile | 19800 | One Edwards Way, Irvine, CA, United States, 92614 | https://www.edwards.com |
| Cochlear Ltd | View profile | 4773 | 1 University Avenue, Macquarie University, Sydney, NSW, Australia, 2109 | https://www.cochlear.com |
| Ekso Bionics Holdings Inc | View profile | 72 | 101 Glacier Point, Suite A, San Rafael, CA, United States, 94901 | https://www.eksobionics.com |
| Zimmer Biomet Holdings Inc | View profile | 18000 | 345 East Main Street, Warsaw, IN, United States, 46580 | https://www.zimmerbiomet.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
South 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 70.27% in 2022. Horizon Databook has segmented the South Africa artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
Lack of organ donations in the country is a major restraint on South Africa’s market. Factors contributing to low transplantation rates include ethical issues, low awareness, and distrust in the health system. According to a survey conducted by the Organ Donor Foundation (ODF) in 2017, an estimated 4,300 patients were awaiting organ donation, with only 0.2% of registered donors in the country.
ODF further stated that only 370 organ transplantation procedures were performed in the country in the same year compared to 139,024 global transplantations. To address the lack of organ donations in the country, a nonprofit organization called Organ Donor Foundation conducts awareness and education campaigns to address the critical shortage of organ & tissue donors.
Surgeons in the country are pioneering HIV-positive transplants, where 51 kidneys from HIV-positive donors have been transplanted into HIV-positive patients in South Africa over 10 years. These factors are likely to create growth opportunities in the South Africa artificial organ and bionics market over the coming years.
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Target buyers of South Africa artificial organs and bionics market databook
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Our clientele includes a mix of artificial organs and bionics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into South Africa artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa artificial organs and bionics market size, by technology, 2018-2030 (US$M)
South Africa Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)
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