AP NEWS

The Worldwide Artificial Organ Market: Segmented by Organ Type and Geography - Growth, Trends and Forecast (2019-2024) - ResearchAndMarkets.com

January 22, 2019

DUBLIN--(BUSINESS WIRE)--Jan 22, 2019--The “Artificial Organ Market - Segmented by Organ Type and Geography - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

Key Highlights

Scarcity of Donor Organs Expensive Procedures North America to Dominate the Market

The global artificial organ market is expected to register a CAGR of 9% during the forecast period of 2018-2023.

The lack of availability of potential organs to transplant has been a major issue of concern. There is an ever-increasing demand for organ donors, and this demand is very high when compared to the actual supply. It has been estimated that, owing to the scarcity of donor organs, among all the patients who need organ transplantation, only 10% are able to undergo the process.

In the United States, more than 119,000 patients are on the waiting list for organ transplantation. Around 22 patients die each year, due to the lack of available organs for transplantation. In Europe, by the end of 2015, more than 143,000 patients were waiting for an organ transplantation. In this region, 18 patients die each year, due to lack of available organs for transplantation.

The increased incidence of disabilities and organ failures, technological advancements in the artificial organs sector, and rapidly aging population are some other drivers of the market.

Market Dynamics

Drivers

Scarcity of Donor Organs Increased Incidence of Disabilities & Organ Failures Technological Advancements in the Artificial Organ Sector Rapidly Aging Population

Restraints

Expensive Procedures Fear of Device Malfunction and its Consequences

Opportunities

Emerging Application in Clinical Diagnostics & Proteomics

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

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

7. Market Segmentation

8. Competitive Landscape

9. Company Profiles

Abiomed Edward Lifesciences Corporation Asahi Kasei Medical Co. Ltd. Jarvik Heart Inc. Boston Scientific Corporation Berlin Heart GmbH CARMAT Medtronic Lifenet Health

10. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/5wm894/the_worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190122005498/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Biomaterials

KEYWORD:

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/22/2019 07:28 AM/DISC: 01/22/2019 07:28 AM

http://www.businesswire.com/news/home/20190122005498/en

AP RADIO
Update hourly