Global Artificial Vital Organs and Medical Bionics Market Growth, Share, Size, Trends and Forecast (2022 - 2028)
Segmented by Product;
Artificial vital organs - Artificial heart, Artificial kidney, Artificial liver, Artificial pancreas and Artificial lungs[Heart-lung bypass machines and Oxygenators], - Medical bionics[Ear bionics (cochlear Implants)], - Vision bionics and Exoskeletons[Bionic limb and Bionic leg], - Brain bionics(Deep Brain Stimulators and Vagus Nerve Stimulators)[Spinal cord stimulators], (Deep Brain Stimulators and Vagus Nerve Stimulators)( Left ventricular assist devices and Right ventricular assist devices)[Ventricular assist device (VAD)], (Mechanical heart valves, Biological Tissue Valves and Transcatheter heart valves)( Left ventricular assist devices and Right ventricular assist devices), (Mechanical heart valves, Biological Tissue Valves and Transcatheter heart valves).Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2018 - 2028).Introduction
Global Artificial Vital Organs and Medical Bionics Market (USD Million), 2018 - 2028
# | Global |
---|---|
2018 | 72.6 |
2019 | 77.7 |
2020 | 91.5 |
2021 | 93.8 |
2022 | 98.7 |
2023 | 118.1 |
2024 | 137.8 |
2025 | 140.0 |
2026 | 147.0 |
2027 | 165.0 |
2028 | 167.7 |
In the year 2021, the Global Artificial Vital Organs and Medical Bionics Market was valued at USD 42,606.39 million. The size of this market is expected to increase to USD 80,937.28 million by the year 2028, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.
Global Artificial Vital Organs and Medical Bionics Market Report Snapshot
Parameters | Description |
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Market | Global Artificial Vital Organs and Medical Bionics Market |
Study Period | 2018 - 2028 |
Base Year (for Artificial Vital Organs and Medical Bionics Market Size Estimates) | 2021 |
Study Scope |
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Market Segmentation |
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Geographical Coverage |
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Company Coverage |
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Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Artificial Vital Organs and Medical Bionics Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Artificial Vital Organs and Medical Bionics Market Analysis
In this report, the Global Artificial Vital Organs and Medical Bionics Market has been segmented by Product and Geography.
Global Artificial Vital Organs and Medical Bionics Market , Segmentation by Product
The Global Artificial Vital Organs and Medical Bionics Market has been segmented by Product into and Artificial vital organs . The complete Global Artificial Vital Organs and Medical Bionics Market segmentation by Product can be seen below:
- Global Artificial Vital Organs and Medical Bionics Market, By Product
- Artificial vital organs
- Artificial heart
- Artificial kidney
- Artificial liver
- Artificial pancreas
- Artificial lungs
- Heart-lung bypass machines
- Oxygenators
- Medical bionics
- Ear bionics (cochlear Implants)
- Vision bionics
- Exoskeletons
- Bionic limb
- Bionic leg
- Brain bionics
- Spinal cord stimulators
- Deep Brain Stimulators
- Vagus Nerve Stimulators
- Spinal cord stimulators
- Cardiac bionics
- Ventricular assist device (VAD)
- Left ventricular assist devices
- Right ventricular assist devices
- Heart Valves
- Mechanical heart valves
- Biological Tissue Valves
- Transcatheter heart valves
- Ventricular assist device (VAD)
- Artificial vital organs
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Products mentioned above for historic (2018 - 2021) and forecast (2022 - 2028) periods with 2021 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Product is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Artificial Vital Organs and Medical Bionics Market , by Product (USD Million), 2018 - 2028
# | Artificial vital organs |
---|---|
2018 | 58.6 |
2019 | 59.9 |
2020 | 61.1 |
2021 | 72.9 |
2022 | 78.9 |
2023 | 79.8 |
2024 | 84.6 |
2025 | 95.9 |
2026 | 96.0 |
2027 | 103.2 |
2028 | 120.1 |
Global Artificial Vital Organs and Medical Bionics Market, Segmentation by Geography
In this report, the Global Artificial Vital Organs and Medical Bionics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Artificial Vital Organs and Medical Bionics Market Share (%), by Geographical Region, 2021
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Artificial Vital Organs and Medical Bionics Market in all the Regions and Countries (specified above) for historic (2018 - 2021) and forecast (2022 - 2028) Periods with 2021 considered as the base year.
This report also provides an analysis of why the market size of Artificial Vital Organs and Medical Bionics in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Artificial Vital Organs and Medical Bionics Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The factors driving the growth of Global Artificial Vital Organs and Medical Bionics Market will be discussed in detail in the full report.
- The factors hindering the growth of Global Artificial Vital Organs and Medical Bionics Market will be discussed in detail in the full report.
- The new opportunities in Global Artificial Vital Organs and Medical Bionics Market will be discussed in detail in the full report.
- Global Artificial Vital Organs and Medical Bionics Market Drivers will be discussed in detail in the full report.
- Global Artificial Vital Organs and Medical Bionics Market Restraints will be discussed in detail in the full report.
- Global Artificial Vital Organs and Medical Bionics Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for Artificial Vital Organs and Medical Bionics Market. The opportunity map (by market segments; Product) is calculated based on current year market estimates, CAGR and collective revenue artificial organ research over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently bionic organs considers all the aforementioned factors impacting the market. The bubble size reflects bionic implants the estimated medical bionics opportunity for a particular segment or region,artificial organ companies therefore, bigger the bubble size, bionic liver, larger the opportunity.
Global Artificial Vital Organs and Medical Bionics Market, Opportunity Map, By Region (2018 - 2028)
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Artificial Vital Organs and Medical Bionics Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Artificial Vital Organs and Medical Bionics Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Artificial Vital Organs and Medical Bionics Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Suppliers
Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Artificial Vital Organs and Medical Bionics Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
---|---|---|---|---|
10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Artificial Vital Organs and Medical Bionics Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
---|---|---|---|---|
20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Artificial Vital Organs and Medical Bionics Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
---|---|---|---|---|---|
2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Artificial Vital Organs and Medical Bionics Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
---|---|---|---|---|
5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Artificial Vital Organs and Medical Bionics Market include, Abiomed Inc., Touch Bionics Inc., F. Hoffmann-La Roche AG, Baxter Inc, Medtronic Plc., MicroMed Cardiovascular, Inc., Edwards Life Sciences Corporation, Frensenius Kabi. and Heartware International Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
---|---|---|---|---|---|---|---|---|---|---|
Product 1/Service 1 | ||||||||||
Product 2/Service 2 | ||||||||||
Product 3/Service 3 | ||||||||||
Product 4/Service 4 | ||||||||||
Product 5/Service 5 | ||||||||||
Product 6/Service 6 | ||||||||||
Product 7/Service 7 | ||||||||||
Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Region
- Market Opportunity Map
- Global Artificial Vital Organs and Medical Bionics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Pipeline Analysis/Technological Advancements
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Artificial Vital Organs and Medical Bionics Market, By Product, 2018 - 2028 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Artificial vital organs
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Artificial heart
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Artificial kidney
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Artificial liver
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Artificial pancreas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Artificial lungs
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Heart-lung bypass machines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Oxygenators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Heart-lung bypass machines
- Medical bionics
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Ear bionics (cochlear Implants)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Ear bionics (cochlear Implants)
- Vision bionics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Exoskeletons
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Bionic limb
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Bionic leg
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Bionic limb
- Brain bionics
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Spinal cord stimulators
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Deep Brain Stimulators
- Vagus Nerve Stimulators
- Spinal cord stimulators
- Cardiac bionics
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Ventricular assist device (VAD)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Left ventricular assist devices
- Right ventricular assist devices
- Heart Valves
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Mechanical heart valves
- Biological Tissue Valves
- Transcatheter heart valves
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Ventricular assist device (VAD)
- Artificial heart
- Artificial vital organs
- Global Artificial Vital Organs and Medical Bionics Market, By Geography, 2018 - 2028 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Japan
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- GCC
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
- Brazil
- North America
- Global Artificial Vital Organs and Medical Bionics Market, By Product, 2018 - 2028 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Abiomed Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Touch Bionics Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- F. Hoffmann-La Roche AG
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Baxter Inc
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Medtronic Plc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- MicroMed Cardiovascular, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Edwards Life Sciences Corporation
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Frensenius Kabi.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Heartware International Inc
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Abiomed Inc.
- Analyst Views
- Future Outlook of the Market
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