The Artificial Organ Global Market Report 2023, provides comprehensive information on the artificial organ market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.



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As per The Business Research Company’s Artificial Organ Global Market Report 2023, the global artificial organ market size is expected to grow from $20.37 billion in 2022 to $22.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global artificial organ market size is expected to grow to $31.00 billion in 2027 at a CAGR of 8.7%.

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Product innovations are a key trend in gaining popularity in the artificial organ market. Major companies operating in the artificial organ market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, ALung Technologies, a US-based medical equipment manufacturer announced that its Hemolung respiratory support system, an artificial lung received approval from the Food and Drug Administration, a US-based regulatory organization. This artificial lung device is developed to treat COVID-19 patients avoiding ventilator use and further damage to their already stressed lungs and to control their respiratory and metabolic function. It is simple, safe, and effective and can be used for a range of applications such as cystic fibrosis and asthma.

The artificial organ market is segmented:
1) By Organ Type: Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Other Organ Types

2) By Material: Silicone, Plastic, Steel, Biomaterials

3) By Fixation: Implantable, External

4) By End Users: Hospitals, Ambulatory Surgical Centers, Laboratories And Diagnostic Centers, Research And Academic Institute, Other End Users

North America was the largest region in the artificial organ market in 2022.

The table of contents in TBRC’s artificial organ market report includes:
1. Executive Summary
2. Artificial Organ Market Characteristics
3. Artificial Organ Market Trends And Strategies
4. Artificial Organ Market - Macro Economic Scenario
5. Artificial Organ Market Size And Growth
...........
26. Africa Artificial Organ Market
27. Artificial Organ Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Organ Market
29. Artificial Organ Market Future Outlook and Potential Analysis
30. Appendix
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