Europe Wearable Artificial Organs Market Size & Outlook
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Europe wearable artificial organs market highlights
- The Europe wearable artificial organs market generated a revenue of USD 1,485.7 million in 2020.
- The market is expected to grow at a CAGR of 16.1% from 2021 to 2027.
- In terms of segment, cochlear implant was the largest revenue generating artificial organ in 2020.
- Kidney is the most lucrative artificial organ segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 1,485.7 million |
| Market revenue in 2027 | USD 4,216.0 million |
| Growth rate | 16.1% (CAGR from 2020 to 2027) |
| Largest segment | Cochlear implant |
| Fastest growing segment | Kidney |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kidney, Pancreas, Cochlear implant, Exoskeleton, Bionic Limbs, Brain bionics, Vision Bionics |
| Key market players worldwide | Medtronic PLC, Cochlear Ltd, Ekso Bionics Holdings Inc, MED-EL, Abbott Laboratories, Boston Scientific Corp, Rewalk Robotics Ltd, Ottobock, Lockheed Martin Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.1% of the global wearable artificial organs market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,074.3 million by 2027.
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Wearable Artificial Organs Market Scope
Wearable Artificial Organs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rewalk Robotics Ltd | View profile | 108 | 3 Hatnufa Street, P.O. Box 161, Floor 6, Yokneam Ilit, Israel, 2069203 | https://www.rewalk.com |
| Ottobock | View profile | 1001-5000 | Duderstadt, Niedersachsen, Germany, Europe | http://www.ottobock.com/en/ |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| MED-EL | View profile | 1001-5000 | Innsbruck, Tirol, Austria, Europe | http://www.medel.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 |
| 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 |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Europe wearable artificial organs 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 wearable artificial organs market will help companies and investors design strategic landscapes.
Cochlear implant was the largest segment with a revenue share of 30% in 2020. Horizon Databook has segmented the Europe wearable artificial organs market based on kidney, pancreas, cochlear implant, exoskeleton, bionic limbs, brain bionics, vision bionics covering the revenue growth of each sub-segment from 2016 to 2027.
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Our clientele includes a mix of wearable artificial organs market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe wearable artificial organs market, including forecasts for subscribers. This continent databook contains high-level insights into Europe wearable artificial organs market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe wearable artificial organs market size, by country, 2016-2027 (US$M)
Europe Wearable Artificial Organs Market Share, 2020 & 2027 (US$M)
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