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Middle East & Africa Artificial Organs and Bionics Market Research Report - Segmented By Product, Technology, Fixation Type & Country (KSA, UAE, Israel, the rest of GCC Countries, South Africa, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis, Size, Share, Growth, Trends & Forecasts (2022 to 2027)

Published: January, 2022
ID: 1584
Pages: 145

Middle East & Africa Artificial Organs and Bionics Market Size & Growth (2022 to 2027):

As Per the Report, the Size of the Middle East & Africa Artificial Organs and Bionics Market is valued at USD 1.93 Billion in 2022 and is projected to reach USD 3.03 Billion by 2027, growing at a CAGR of 9.45% during the forecast period from 2022 to 2027.

Major factors responsible for the growth of the artificial and bionic organs market include the growing incidence of organ disabilities and failures, genetic disabilities, advancement in technology, and high incidence of traffic accidents resulting in amputations. Furthermore, when left uncontrolled, specific disorders such as diabetes affect organs, causing microorganisms to grow at large, resulting in necrosis and amputation.

As per the report published by the Centers for Disease Control and Diagnosis, diabetes is one of the most common diseases affecting organs. In addition, the increasing prevalence of kidney disorders, acute renal failure, and increasing organ failures due to the aging population are some of the factors driving the market in this region.

Data from the report indicates that the percentage of adults diagnosed with diabetes and their complications has resulted in chronic renal failure. The numbers have increased from 19.8% in 2015-2019 to 28%. In addition, according to the United Nations Department of Economic and Social Affairs, there are approximately 3,171,000 people over the age of 65 in South Africa. Having such a large number of people over 65 is more prone to organ failure.

Therefore, the increasing prevalence of the aging population is likely to impact the segment's growth positively. Another major factor is the shortage of organ donors. The lack of availability of potential organs for transplantation has been a significant problem. Organs such as kidneys, heart, lungs are in high demand for donors than the actual supply. As a result, there is a huge waitlist for people who need organs, especially from chronic kidney failure, stroke, etc.

In particular African region and the Middle East region, there is rapid participation in biomedical sciences where organ transplantation is a more viable option. Further, the development of bionic in the skin, orthopedics, eye, and exoskeleton are driving the market growth. According to the United Nations Department of Economic and Social Affairs, approximately 3,172,000 people over 65 in South Africa are more susceptible to diabetes and, ultimately, organ failure. Therefore, the increasing prevalence of the aging population is likely to impact the studied market's growth positively.

However, factors like fear of device malfunction, the high price of surgeries, the risk of artificial organ compatibility and its consequences, limited customer base may affect the growth of the MEA artificial organs and bionics market. Furthermore, these bionics are expensive and need strict regulatory rules, which has also been limiting the market's growth.

This research report on the Middle East & Africa Artificial Organs and Bionics Market has been segmented and sub-segmented into the following categories.

By Product:

  • Artificial Organs
  • Bionics

By Technology:

  • Electronic Bionics
  • Mechanical Bionics

By Fixation Type:

  • Implantable and Externally Worn
  • Cardiac Bionics and Brain Bionics

By Country:

  • KSA
  • UAE
  • Israel
  • the rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

Geographically, the Middle East dominates MEA artificial organs and bionics market. In the MEA region, the Kingdom of Saudi Arabia has the largest market share. The Saudi Arabia artificial organs and bionics market growth can be attributed to increasing R&D, growing international interest by key market players, technological advancements, and a growing aging population suffering from diabetes. In addition, the presence of developed healthcare infrastructure is also expected to boost the market.

The South Africa artificial organs and bionics market is expected to grow at a CAGR of 3% in the artificial organs and bionics market thanks to improving healthcare infrastructure with growing awareness about artificial organs and bionics. In addition, increased spending, key industry players, and government initiatives will drive market growth in the region.

Other countries in the MEA region like the United Arab Emirates, Kuwait, Bahrain, Oman, and Egypt are also expected to grow in the years to come owing to technological developments and healthcare facilities.

KEY MARKET PLAYERS

Key Market Companies dominating the Middle East & Africa Artificial Organs and Bionics Market Profiled in the Report are Orthofix International N.V., Biomet, Inc., Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc., Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Jarvik Heart Inc.,

1.Introduction         

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods  

                1.4 General Study Assumptions                                

2. Research Methodology                  

                2.1 Introduction     

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                            

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                     

                                2.2.4 Expert Validation                  

                2.3 Analysis Design

                2.4 Study Timeline 

3. Overview             

                3.1 Executive Summary                                

                3.2 Key Inferences

                3.3 Epidemiology    

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)             

                4.1 Market Drivers 

                4.2 Market Restraints                                    

                4.3 Key Challenges

                4.4 Current Opportunities in the Market                               

5. Market Segmentation                     

                5.1 Product                                        

                                5.1.1 Introduction                           

                                5.1.2 Artificial Organs                    

       5.1.2.1 Artificial Heart   

       5.1.2.2 Artificial Kidney

       5.1.2.3 Artificial liver      

       5.1.2.4 Artificial pancreas            

       5.1.2.5 Artificial lungs    

                                5.1.3 Bionics                      

       5.1.3.1 Vision bionics     

                       5.1.3.1.1 Bionic eye

       5.1.3.2 Ear bionics           

                       5.1.3.2.1 Cochlear implant

                       5.1.3.2.2 Bone anchored hearing aid (BAHA)

       5.1.3.3 Orthopedic bionic             

                       5.1.3.3.1 Bionic limb

                       5.1.3.3.2 Bionic finger

                       5.1.3.3.3 Electrical bone growth stimulators

                       5.1.3.3.4 Exoskeleton

       5.1.3.4 Cardiac Bionics  

                       5.1.3.4.1 Heart valves

                       5.1.3.4.2 Ventricular assisted device

                       5.1.3.4.3 Pacemaker

       5.1.3.5 Brain bionics       

                       5.1.3.5.1 Deep brain stimulators

                       5.1.3.5.2 Spinal cord stimulators

                       5.1.3.5.3 Vagus nerve stimulators

                                5.1.4  Y-o-Y Growth Analysis, By Product                               

                                5.1.5  Market Attractiveness Analysis, By Product                             

                                5.1.6  Market Share Analysis, By Product                               

                5.2 Technology                                

                                5.2.1 Introduction                           

                                5.2.2 Electronic bionics                 

                                5.2.3 Mechanical bionics                              

                                5.2.4 Y-o-Y Growth Analysis, By Technology                         

                                5.2.5 Market Attractiveness Analysis, By Technology                       

                                5.2.6 Market Share Analysis, By Technology                        

                5.3 Type of fixation                                        

                                5.3.1 Introduction                           

                                5.3.2 Implantable                            

                                5.3.3 Externally worn                    

                                5.3.4  Y-o-Y Growth Analysis, By Type of fixation                

                                5.3.5  Market Attractiveness Analysis, By Type of fixation                              

                                5.3.6  Market Share Analysis, By Type of fixation                               

6. Geographical Analysis                     

                6.1 Introduction     

                                6.1.1 Regional Trends                    

                                6.1.2 Impact Analysis                     

                                6.1.3 Y-o-Y Growth Analysis                        

       6.1.3.1 By Geographical Area     

       6.1.3.2 By Product          

       6.1.3.3 By Technology   

       6.1.3.4 By Type of fixation           

                                6.1.4  Market Attractiveness Analysis                     

       6.1.4.1 By Geographical Area     

       6.1.4.2 By Product          

       6.1.4.3 By Technology   

       6.1.4.4 By Type of fixation           

                                6.1.5  Market Share Analysis                      

       6.1.5.1 By Geographical Area     

       6.1.5.2 By Product          

       6.1.5.3 By Technology   

       6.1.5.4 By Type of fixation           

                6.2 Middle-East       

                6.3 Africa   

7.Strategic Analysis               

                7.1 PESTLE analysis

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                      

                7.2 Porter’s Five analysis     

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services               

                                7.2.5 Competitive Rivalry within the Industry                      

8.Market Leaders' Analysis                 

                8.1 Orthofix International N.V.                                  

                                8.1.1 Overview                

                                8.1.2 Product Analysis                   

                                8.1.3 Financial analysis                  

                                8.1.4 Recent Developments                       

                                8.1.5 SWOT analysis                       

                                8.1.6 Analyst View                          

                8.2 Biomet, Inc.                                

                8.3 Medtronic, Inc.

                8.4 Cochlear Ltd.    

                8.5 Second Sight Medical Products, Inc.                                 

                8.6 Ossur   

                8.7 Ekso Bionics                               

                8.8 St. Jude Medical, Inc.     

                8.9 Baxter International, Inc.                                      

                8.10 Abiomed Inc.  

                8.11 Asahi Kasei Medical Co., Ltd     

                8.12 Berlin Heart GmbH                               

                8.13 Boston Scientific Corporation  

                8.14 F Hoffman-La Roche Ltd                                     

                8.15 Worldheart Corporation                                     

                8.16 Thoratec Corporation 

                8.17 Gambro AB     

                8.18 Lifenet Health

                8.19 Jarvik Heart Inc.                                     

9.Competitive Landscape                   

                9.1 Market share analysis   

                9.2 Merger and Acquisition Analysis                                        

                9.3 Agreements, Collaborations, and Joint Ventures 

                9.4 New Product Launches 

10.Market Outlook and Investment Opportunities                                                           

Appendix                  

                a) List of Tables                                

                b) List of Figures     

  1. Middle East & Africa Artificial Organs and Bionics Market By Product, From 2022 - 2027( USD Billion )
  2. Middle East & Africa Artificial Organs Market By Region, From 2022 - 2027( USD Billion )
  3. Middle East & Africa Bionics market Market By Region, From 2022 - 2027( USD Billion )
  4. Middle East & Africa Artificial Organs and Bionics Market By Technology, From 2022 - 2027( USD Billion )
  5. Middle East & Africa Electronic bionics Market By Region, From 2022 - 2027( USD Billion )
  6. Middle East & Africa Mechanical bionics Market By Region, From 2022 - 2027( USD Billion )
  7. Middle East & Africa Artificial Organs and Bionics Market By Type of fixation, From 2022 - 2027( USD Billion )
  8. Middle East & Africa Implantable Market By Region, From 2022 - 2027( USD Billion )
  9. Middle East & Africa Externally worn Market By Region, From 2022 - 2027( USD Billion )
  10. Middle East Artificial Organs and Bionics Market By Product, From 2022 - 2027( USD Billion )
  11. Middle East Artificial Organs and Bionics Market By Technology, From 2022 - 2027( USD Billion )
  12. Middle East Artificial Organs and Bionics Market By Type of fixation, From 2022 - 2027( USD Billion )
  13. Africa Artificial Organs and Bionics Market By Product, From 2022 - 2027( USD Billion )
  14. Africa Artificial Organs and Bionics Market By Technology, From 2022 - 2027( USD Billion )
  15. Africa Artificial Organs and Bionics Market By Type of fixation, From 2022 - 2027( USD Billion )
  16. Middle East & Africa Artificial Organs Market By Artificial Organs, From 2022 - 2027( USD Billion )
  17. Middle East & Africa Artificial Heart Market By Region, From 2022 - 2027( USD Billion )
  18. Middle East & Africa Artificial Kidney Market By Region, From 2022 - 2027( USD Billion )
  19. Middle East & Africa Artificial liver Market By Region, From 2022 - 2027( USD Billion )
  20. Middle East & Africa Artificial pancreas Market By Region, From 2022 - 2027( USD Billion )
  21. Middle East & Africa Artificial lungs Market By Region, From 2022 - 2027( USD Billion )
  22. Middle East Artificial Organs Market By Artificial Organs, From 2022 - 2027( USD Billion )
  23. Africa Artificial Organs Market By Artificial Organs, From 2022 - 2027( USD Billion )
  24. Middle East & Africa Bionics Market By Bionics, From 2022 - 2027( USD Billion )
  25. Middle East & Africa Vision bionics Market By Region, From 2022 - 2027( USD Billion )
  26. Middle East & Africa Ear bionics Market By Region, From 2022 - 2027( USD Billion )
  27. Middle East & Africa Orthopedic bionic Market By Region, From 2022 - 2027( USD Billion )
  28. Middle East & Africa Cardiac Bionics Market By Region, From 2022 - 2027( USD Billion )
  29. Middle East & Africa Brain bionics Market By Region, From 2022 - 2027( USD Billion )
  30. Middle East Bionics Market By Bionics, From 2022 - 2027( USD Billion )
  31. Africa Bionics Market By Bionics, From 2022 - 2027( USD Billion )

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