United States - 26th September
2019: Artificial Organ And Bionics Market
size worth USD 38.75 billion by 2020 which is anticipated to grow at a CAGR of
more than 9.3% during the forecast period. An artificial organ is a medical
device that can be implanted or integrated in the human body for the purpose of
restoring the target function by replacing the natural organ. Biomaterials are
used to fabricate body implants or interfaces. Processing abilities which do
not occur naturally can be installed and constructed with the help of
artificial organs. The study and application of mechanics and electronics in
order to replace a part of the functional organ that is mechanically powered or
limb is known as medical bionics. A rapid development pertaining to the
biomedical science field has led to the evolution of organ transplantation.
Further, new organs that are used for humans can be artificially grown either
in the lab, with the help of stem cells, manufactured using a machine or
cyborgistation, xenotransplantation or in animals that are genetically
modified.
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All artificial organs are not used to repair the damage that
is physical, for instance, brain pacemaker helps to relieve epilepsy, shivering
caused due to the Parkinson’s disease and neural network diseases. Even though
they are expensive, artificial organs are widely used to prevent death and
enhance patient’s physiological function. There is an ongoing research in the
fields of memory, vision and information processing. Presently, researchers are
working so that they can make the bionic organs permanent along with
commissioning on sensory and natural feel of the devices in order to replicate
the original instruments and organs such as 3D printing of bionic organs,
another type of organs such as artificial skin and others are anticipated to
emerge in the future.
Owing to growing R&D expenditure new products such as
bionic eye, exoskeleton and bionic orthopedics have been developed. Growing
prevalence of acute renal failure and renal disorders because of the lifestyle
of the population, increasing organ failures due to aging and age-related
disorders, increase in accidents and injuries are expected to promote growth in
the number of people undergoing organ transplants and in turn drive market
growth.
Product Insights
The product segments that are covered in the report
comprises of artificial organs, which can be segregated into artificial liver,
artificial lungs, artificial heart, artificial pancreas, artificial kidney,
whereas bionics can be categorized into cochlear implants, cardiac bionics,
brain bionics, exoskeletons, bionic limbs and vision bionics.
Among the artificial organs segment, artificial lungs and
kidney are expected to experience a lucrative growth during the forecast
period, owing to the increase in patient pool. Further, heart bionics are
expected to account for the largest share in the bionics market due to the
growing population base that are suffering from disease related to heart.
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Report with TOC @ https://www.millioninsights.com/industry-reports/artificial-organ-bionics-market
Artificial Organ
Technology Outlook
• Mechanical
bionics
• Electronic
bionics
Artificial Organ
Regional Outlook
• North
America
• Europe
• Asia Pacific
• RoW
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