United States Artificial Organs Market to Witness Substantial Growth through 2025
Technological advancements
in artificial organ industry and growing geriatric population to drive United
States artificial organs market
According
to TechSci Research report, “United
States Artificial Organs Market By
Organ Type (Artificial Heart (Prosthetic Heart Valves, Ventricular Assist
Devices, Cardiac Pacemakers), Artificial Kidney, Artificial Pancreas,
Artificial Lungs, Cochlear Implants, Others), By Technology (Electronic
Bionics, Mechanical), By Type of Fixation (Wearable, Implantable), By Material
Type (Silicon, Plastic, Steel), By Region, Forecast & Opportunities, 2025”, the United
States artificial organs market is expected to witness substantial growth rate
during the forecast period owing to the increasing technological and medical
advancements in artificial organ manufacturing industry in the country. The
country has world’s most advanced healthcare facilities, which is serving as
one of the major factors for the growth of this market. Moreover, growing
awareness towards health and rising per capita income of the country is also
enabling patients to opt for artificial organ transplants. With increasing
funding from government in healthcare sector, the artificial organ market in
United States is anticipated to witness significant growth over the coming
years. Additionally, lack of sufficient number of organ donors is a major
concern for United States, thereby fueling the market. Adding to this, growing
geriatric population is also acting as a key driving factor for the market as it
is more prone to organ failures compared to youths and other tender aged
population. Furthermore, increasing cases of chronic disorders affecting one or
multiple vital organs is also creating demand for artificial organ transplant
in United States. Moreover, manufacturers are now using bioartificial materials,
which has led to wide acceptance of artificial organs in the country.
However, United States artificial organs market is
also facing some major challenges. Significant rise in cases of product failure
after transplantation and organs susceptibility to infections are some major
factors hampering the growth of artificial organs market in the country. Also,
high cost of artificial organs is further expected to limit the growth of the
market.
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The United
States artificial organs market is segmented based on organ type, technology,
type of fixation, material type and region. Based on material type, the United
States artificial organs market is categorized into silicon, plastic and steel.
Among these, the silicon segment is expected to dominate the market during
forecast period owing to its increasing acceptance as it is capable of enduring
high temperature. Additionally, the manufacturers are also using silicon as the
key material for artificial organs. Based on organ type, the United States
artificial organs market is segmented into artificial heart, artificial kidney,
artificial pancreas, artificial lungs, cochlear implants and others. Out of
these, the artificial heart segment is further categorized into prosthetic
heart valves, ventricular assist devices and cardiac pacemakers. Among them, artificial
kidney segment is expected to register highest demand and expected to undergo fastest
growth in the country until 2025 owing to the growing number of patients
suffering from kidney disorders.
Major players operating in the United
States artificial organs market include B. Braun Medical, Inc. , Abiomed, Inc.,
Baxter International, Inc. , Jarvik Heart, Inc., Medtronic, Inc., HeartWare
International, Inc., SynCardia Systems, LLC , Boston Scientific Corporation,
Terumo Medical Corporation, Edwards Lifesciences Corporation and others. The
companies are consistently focusing on new product launches to enhance their
product portfolios. They are also adopting other growth strategies such as
mergers & partnerships to increase their market share.
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“United
States is a leading market for artificial organs compared to other countries.
The country with its more aware population and world-class healthcare
facilities is a center for artificial organ transplants. The country is also
home to some of the world’s leading artificial organ manufacturers. With Trump administrations’ focus on
investing more on healthcare, the market is expected to undergo formidable
growth in the years to come, ” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United States Artificial Organs Market By Organ Type
(Artificial Heart (Prosthetic Heart Valves, Ventricular Assist Devices, Cardiac
Pacemakers), Artificial Kidney, Artificial Pancreas, Artificial Lungs, Cochlear
Implants, Others), By Technology (Electronic Bionics, Mechanical), By Type of
Fixation (Wearable, Implantable), By Material Type (Silicon, Plastic, Steel),
By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United
States artificial organs 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 United States artificial
organs market.
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