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North America Artificial Organs and Bionics Market Research Report - Segmented By Product, Technology, Fixation Type & Country (United States, Canada & Rest of North America) - Industry Analysis, Size, Share, Growth, Trends & Forecasts (2022 to 2027)

Published: January, 2022
ID: 1580
Pages: 145

North America Artificial Organs and Bionics Market Size & Growth (2022 to 2027):

The North American Artificial Organs and Bionics Market Size is valued at USD 7.33 billion in 2022 and is poised to reach USD 11.37 billion by 2027, showcasing a CAGR of 9.2% during the forecast period 2022 to 2027.

The rising prevalence of impairments and organ failures, technical advancements, and the high incidence of amputations due to traffic accidents contribute to the growth of the artificial organs and bionics market in North America. In addition, rising healthcare expenditures, rising income levels, a growing preference for bionics due to better and faster recovery than prosthetics, an increase in surgical procedures in place of medical tourism, and less competition than mature countries have stimulated market players' interest in emerging markets.

Growth in the number of transplants and the number of people waiting for donors drive the market for artificial organs and bionics. In 2020, the Human Resource and Services Administration (HRSA) estimated that there would be over 112,000 people on the national waiting list in the United States. According to the HRSA report, a person is added to the transplant waiting list every 10 minutes in the United States, increasing the demand for artificial medical devices. In addition, loss of blood, drug misuse, traumatic trauma, and other acute disorders are significant causes of organ failure.

Additionally, lifestyle diseases such as poor eating habits, smoking, excessive alcohol consumption, and a lack of exercise are vital causes of organ failure. Furthermore, advancements in healthcare facilities and the availability of improved artificial support systems are likely to enhance the demand for artificial organs and bionics.

Advances in the science of 3D bioprinting, which is used to manufacture artificial organs, have proven to be vital in organ transplantation. 3D bioprinting is in increasing demand since it reduces the risk of organ rejection. Furthermore, artificial intelligence is on the verge of reshaping artificial device trends.

Fear of device malfunction, risk of artificial organ compatibility, and their consequences, among other factors, may impact market growth. Some of the constraining aspects expected to hinder the market's growth include the high costs of organ transplantation procedures and the rising prices of medical bionic implants.

This research report on the North America 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:

  • United States
  • Canada
  • Rest of North America

Geographically, the North American region leads the global artificial organs and bionics market due to an increase in injuries and organ failures in the North American area. In addition, rising income levels and increased healthcare spending are also contributing to the market's expansion.

The U.S artificial organs and bionics market has the most significant market share in the North American region. The dominance of the North American area in the artificial organs and bionics market is aided by the increased frequency of chronic diseases and the growing desire for non-invasive surgical treatments.

The Canadian artificial organs and bionics market is projected to be boosted by the availability of well-developed healthcare infrastructure & technological advancements such as electrical bionics and mechanical bionics.

KEY MARKET PLAYERS

Promising Companies dominating the North American Artificial Organs and Bionics Market Profiled in the Report are Jarvik Heart Inc, Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Orthofix International N.V., Biomet, 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

                                                5.1.3.2 Ear bionics

                                                5.1.3.3 Orthopedic bionic

                                                5.1.3.4 Cardiac Bionics

                                                5.1.3.5 Brain bionics                       

                                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 United States                            

                6.3 Canada                         

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

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