(MENAFN- GetNews) Demand for artificial organs is likely to grow significantly owing to the rise in lifestyle diseases
Recently added report by Fact.MR has provided unique Insights about Artificial organ Market Outlook for the 2018 to 2028 period. One of the main objectives of this report is to categorize the various dynamics & Demand of the market and to offer the latest updates such as mergers and acquisitions, Sales Growth, Trends , various technological developments, new entrants in market , which make an impact on different segments.
The ” Artificial organ Market Analysis is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The Survey report aims to provide an overview of Artificial organ market Sales with detailed segmentation by type, display type, and geography.
Artificial Organs Market Introduction
Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs.
Artificial organs are surgically implanted or are extra corporeal, where blood is temporarily processed outside patient's body. The range of devices that form artificial organs are at present limited in use
However, research and development activities have involved devices that have active biologic, or mechanical functions. Temporary and permanent artificial organs include skin or soft tissue replacement, joint or bone replacement, sensory organs, and internal organs.
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The readability score of the Artificial Organ Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
The Demand study on the Artificial Organ market provides a comprehensive analysis that shape the competitive landscape & Sales Revenues.
The Key trends Analysis of Artificial Organ Market also provides dynamics that are responsible for influencing the future Sales and Demand of over the forecast period.
Artificial Organs Market: Notable Highlights
- Owing to high fatalities on account of kidney disease, the Trump administration is focusing on improving kidney disease care, along with exploring the development of artificial kidneys. The Department of Health and Human Services will also focus on how more organs can be provided for kidney transplants.
- The team of scientists in Germany from Friedrich-Alexander-Universität Erlangen-Nürnberg (FAU) has created artificial organs for cancer patients to replace damaged organs due to chemotherapy. The artificial ovaries created by the team has been created using biodegradable material and gelatine that can mimic the natural organ and can also restore fertility in women.
- CARMAT recently announced update on its clinical progress and latest developments. The company announced positive results for first part of Pivotal study, on-going enrollment of second cohort of patients, and the company is also assuming the FDA validates its application- the launch of implants in patients in America by 2019 end.
- Fresenius Medical Care has acquired NxStage Medical, a home dialysis device maker for $2 billion in order to accelerate its move towards home treatment.
Some of the leading players in the artificial organs market are Cochlear Ltd., Boston Scientific Corporation, Dexcom, Inc., CARMAT, Oticon Medical, Advanced Bionics AG and affiliates, Fresenius Medical Care AG & Co. KGaA, MED-EL, Medtronic plc, SynCardia Systems, LLC, and Retina Implant AG.
Questionnaire answered in the Market outlook Report of Artificial Organ include:
- What is the key strategy deployed by large players to maximize Artificial Organ Market growth?
- What are the main challenges faced by players in the Artificial Organ market Demand?
- With the advent of technological advancement, how will the Artificial Organ market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Artificial Organ market size?
This Artificial Organ market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Artificial Organ along with key stakeholders as well as emerging players associated with the manufacturing of product.
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Natural biomaterials including collagen, silk, processed human and animal tissues are also being used on a large scale. The emergence of tissue engineering targets the regeneration of damaged tissue in body by combining cells in body with high porous scaffold made using the biomaterials.
3D printing for biomaterials to make artificial organs is also gaining traction. Rather than using mechanical components for artificial organs, new organs are being developed from lab cultured cells.
High Cost of Artificial Organs to Challenge Artificial Organs Market Growth
Despite remarkable advances in transplantation and artificial organs, the high of the artificial organs including engineered devices and tissues is likely to restrain the growth of artificial organs.
The cost of artificial organs include the cost of device, surgical procedure, and continue medical surveillance. However, researchers are focusing on developing new artificial organs with better materials and advanced process to reduce the manufacturing cost.
Obtaining clear data on cost-effectiveness for artificial organs is difficult owing to the recent advances and most of these devices undergo clinical trials on the patients who are typically more expensive to treat. Moreover, need for significant resources to develop artificial organs also adds to the cost of these organs, thereby, hampering the growth of the artificial organs market.
The detailed Artificial Organ market Sales estimations cover the following:
- Year-over-year growth of various segments
- Shares and size of the leading regional market
- CAGR of various key regional markets and their shares in the global market
Artificial Organs Market Segmentation
Based on the type, the artificial organs market is segmented into
- Artificial Heart
- Artificial Eye
- Artificial Pancreas
- Artificial Ear
- Artificial Urinary Bladder
On the basis of technology, the artificial organs market is segmented into
- Implantable Technology
- Wearable Technology
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Artificial Organs Market Dynamics
From several years now, replacing the failing human organ has been an important element in healthcare. With modern medical techniques, organ transplantation has overcome major limitations and achieved success.
However, one limitation in organ transplantation is the lack of suitable donors and organ shortage is the biggest challenge. According to the American Transplant Foundation, around 115,000 people in the US are currently on the list for a lifesaving organ transplant.
With the rise in the number of people for organ transplant, scientists are focusing on developing safer and cheaper pathways to create artificial organs that can reduce the wait for organ transplant for patients.
Demand for artificial organs is likely to grow significantly owing to the rise in lifestyle diseases that lead to the need for organ transplantation in particular for heart and kidney.
Increasing Use of Advanced Biomaterials in Artificial Organs
Artificial organs have become imperative with a worldwide rise in organ transplants exceeding available organ donors. Recent advances in biomaterials have generated range of devices and materials for use through the implantation or outside the body to replace the organ that may have been lost due to injury or disease.
Most commonly used biomaterials are nanocomposits, polymers, and ceramics. However, with advanced technologies and materials new biomaterials are being developed in the artificial organs market.
How will be insights and estimations provided in the Fact.MR report on the Demand Of Artificial Organ make a difference:
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of the Artificial Organ market Size and shares.
- Provides scrutiny of the the Artificial Organ market industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the Sales and size of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Artificial Organ Market demand.
- Analyzes how collaborations and partnerships among players from different industries shape the the Artificial Organ market growth dynamics in the near future
- Evaluates the role of various stages of funding on Artificial Organ market Sales avenues in key regional markets.
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