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Artificial Organs Market Trends

Report ID: GMI3447
Published Date: Oct 2020
Report Format: PDF

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Artificial Organs Market Trends

Artificial heart market will showcase growth of around 9.7% till 2026. Since last few years, there has been significant increase in total artificial heart implantations. Moreover, advancements including organ development with stem cells and 3D printed hearts will increase its adoption among patients.

According to the Centres for Disease Control and Prevention, about 6.2 million adults suffer through heart failure. Although several non-profit and government organizations are undertaking awareness initiatives regarding organ donation, significantly rising number of heart failures creates organ scarcity resulting into untreated conditions and deaths. Advantage of artificial hearts to increase life-saving treatment accessibility will impact its revenue.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global artificial organs market size is likely to grow at 8.9% CAGR through 2026, having recorded USD 18 billion in 2019, driven by efforts by researchers on innovative development of artificial organs to enhance their acceptance chances.

Artificial heart segment will witness 9.7% CAGR through 2026, propelled by massive increase in the number of artificial heart implantations.

Plastic segment held 22% market share and will depict appreciable growth as the material has several advantages such as cost-effectivity in manufacturing and biocompatibility.

Europe accounted for 25% of the artificial organs industry share and will depict massive growth driven by rising burden of heart disease and lung disorders.