Global Artificial Organ Bank to Witness Impressive Growth, Revenue to Surge to USD 63.6 Billion By 2028

18-May-2021 | Zion Market Research

The Global Artificial Organ Bank Market accounted for USD 39.1 Billion in 2020 and is expected to reach USD 63.6 Billion by 2028, growing at a CAGR of around 6.1% between 2021 and 2028. 

The artificial organ bank market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities for the artificial organ bank market along with the impact on the demand over the forecast period.

The report provides a complete view of the artificial organ bank market and encompasses detailed source portfolio and strategic developments of key vendors. To know the competitive landscape of the artificial organ bank market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which source segments are specialized based on the market size, growth rate, and attractiveness.

The report provides a crucial view on the artificial organ bank market by segmenting the market based on product type, technology, and region. On the basis of product type, artificial organ bank market can be categorized into; artificial organs and bionics which are further sub-categorized. Artificial organs are sub-categorized into; total artificial heart, artificial liver, artificial pancreas, artificial lungs and artificial kidney. Bionics is further sub-categorized into; vision bionic, cardiac bionic, ear bionic, brain bionic and bionic limbs.  Based on technology, artificial organ bank market is segmented mechanical bionics and electronic bionics. All the segments have been analyzed based on existing and future trends and the market is projected from 2021 to 2028. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Regionally, North America has been leading the worldwide artificial organ bank market and is expected to continue on the dominant position within the years to return, states the synthetic organ bank market study. Huge funding of healthcare activities by the govt alongside massive investments in the R&D sector is that the main factor behind the dominance of the North American artificial organ bank market. The introduction of the latest technologies in bionics also as artificial organ transplantation across the region alongside an outsized patient population base is another significant factor that's supporting the expansion of the artificial organ bank market in North America.

Key Market Players & Competitive Landscape

Key participants profiled in the report include Berlin Heart Gmbh, Second Sight Medical Product types, Inc., Boston Scientific Corporation, Biomet Inc., Edwards Lifesciences Corporation, Ekso Bionics, Heartware International, Inc., Jarvik Heart Inc., Lifenet Health, Medtronic Inc., Nano Retina, Inc., Asahi Kasei Kuraray Medical Co. Ltd. among others.

Browse the full Artificial Organ Bank Market By Product Type (Artificial Organ And Bionics) By Technology (Mechanical, Electronics): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020-2028.” Report at https://www.zionmarketresearch.com/report/artificial-organ-bank-market

This report segments the artificial organ bank market as follows:

By Product

  • Artificial Organ
    • Total artificial heart
    • Artificial liver
    • Artificial pancreas
    • Artificial lungs
    • Artificial kidney
  • Bionics
    • Vision Bionic
    • Cardiac Bionic
    • Ear Bionic
    • Brain Bionic
    • Bionic Limbs

By Technology

  • Mechanical Bionics
  • Electronic Bionics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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