APAC Artificial Organs and Bionics Market to Witness Robust Growth until 2025
Increasing cases of organ failures, disabilities, road
accidents leading to amputations and surging technological advancements to
drive APAC artificial organs and bionics market
According
to TechSci Research report, “APAC
Artificial Organs and Bionics Market, By Products (Artificial heart,
Artificial Kidneys, Artificial Thyroid Gland, Bionic Limb, Ear Bionic,
Artificial Lung, Artificial Womb, Ear Bionics and Others), By Technology
(Suction Technology, Implanted myoelectric sensor (IMES) technology,
Socket-Based Technology, 3D Bioprinting and Others), By Material (Mechanical
(Plastics, Metal), Biomechanical (Living matter and polymer), Biological), By
End-User (Hospitals, Surgical Centers and Others), By Country, Forecast &
Opportunities, 2025”, the APAC artificial organs and bionics market is expected
to grow at substantial rate during the forecast period on account of rising cases
of disabilities, organ failures and road accidents leading to amputations. Additionally,
growing technological advancements in the fields of biotechnology, medical
sciences and R&D sector coupled with incessant efforts of government to
maintain a healthy environment across the region are the major factors
contributing to the growth of the market. Moreover, the technological advancements have
made it feasible to replace any damaged or missing organ with an artificial
one. Artificial organs of humans can be grown artificially by many methods such
as in laboratories (in vitro), using stem cells (in vivo), by cyborgisation,
xenotransplantation, etc. However, there
are many restraining factors associated with the market such as scarcity and
cost-expensiveness of the desired organs that need to be transplanted. Also,
artificial organ transplantation comes along with the fear of loss of life even
if slightly mishandled, which discourages the people to go for artificial
transplantations.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on"APAC Artificial Organs and Bionics Market"
https://www.techsciresearch.com/report/apac-artificial-organs-and-bionics-market/4563.html
The APAC artificial organs and bionics market is
segmented based on product, technology, material, end-user, company and country.
The product segment is further divided into artificial heart, artificial
kidney, artificial thyroid gland, bionic limb, ear bionic, artificial lung,
artificial womb and others. As of 2019, Artificial kidneys held the maximum
share followed by artificial heart on the back of increasing renal disorders.
Kidney failures lead to failure of blood filtration and thus, the blood gets
polluted with extra water and other waste products. Since, blood is one of the
most important assets of the human body and thus, it is necessary to keep it
clean and filtered, which can only be done with the help of kidneys. This factor
is anticipated to elevate the demand for artificial kidneys through 2025, as
they assist in doing the same.
Based on country, the APAC artificial organs and
bionics market can be segregated into China, India, Japan, South Korea,
Singapore and Australia. Among these, Japan held the largest market share in
the year 2019, as it is one of the highly developed nations in the region,
which has the technology and infrastructure to carry out the transplantations
easily. However, India is likely to be the fastest growing sector as the
economy of the country is gradually improving, which will make it capable
enough to afford the expensive transplantations. Also, the growth of artificial
organs and bionics market in India can be attributed to the increasing cases of
organ failures and disabilities.
Some of the major players in India artificial organs
and bionics market include Medtronic,
Getinge AB, Ekso Bionics Holdings Inc., Boston Scientific Corporation, A
biomed, Rex Bionics, Ossur, ReWalk, Cyberdyne Inc., Blatchford, Obara Kogyo
Inc. Ltd., Artificial Limbs Manufacturing Corporation of India, Otto Bock, Jarvik
Heart, SynCardia Systems, Zimmer Biomet, Cochlear Limited, Roche Holding AG, Gembro
AB, Lifenet Health, and many others. One of the prominent strategies adopted by major players is
to form an alliance with research organizations or medical schools in order to
remain competitive in the artificial organs and bionics market. For instance,
in February 2018, Jikei University School of Medicine and Asahi Kasei Corp of
Japan formed a joint venture for an abdominal aortic aneurysm stent graft.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4563
Customers can also request for 10% free customization on
this report.
“The market for APAC artificial organs and bionics market is expected
to grow at a robust rate until 2025. Increasing cases of kidney failures, heart
failures and heart attacks have paved a way for the extensive growth of the
market. Additionally, unhealthy lifestyle of today’s generation is responsible
for the rise in the cholesterol and blood sugar levels in the body, which
eventually may lead to heart failures.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“APAC
Artificial Organs and Bionics Market, By Products (Artificial heart, Artificial
Kidneys, Artificial Thyroid Gland, Bionic Limb, Ear Bionic, Artificial Lung,
Artificial Womb, Ear Bionics and Others), By Technology (Suction Technology,
Implanted myoelectric sensor (IMES) technology, Socket-Based Technology, 3D
Bioprinting and Others), By Material (Mechanical (Plastics, Metal),
Biomechanical (Living matter and polymer), Biological), By End-User (Hospitals,
Surgical Centers and Others), By Country, Forecast & Opportunities, 2025”, has evaluated the future growth potential of APAC artificial
organs and bionics market and provides statistics & information on market
size, structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in APAC artificial organs and
bionics market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]