Bioartificial Organ Manufacturing Market to Reach $42.03 Billion by the End of 2030
Data Bridge Market Research Published Latest Global Bioartificial Organ Manufacturing Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the study considers important factors such as an analysis of the market, a definition of the market, market segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology.
Data Bridge Market Research analyses that the bioartificial organ manufacturing market which was USD 23.13 billion in 2022, is expected to reach USD 42.03 billion by 2030, at a CAGR of 7.75% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Healthcare surgery treatment for patients with tissue loss or end-stage organ failure is becoming more common as the global population ages and pathologies limit or affect organ functionality progress. According to the American Transplant Foundation, there are approximately 114,000 people on the waiting list for organ transplantation, with approximately 20 deaths due to organ shortages. With such an increase in demand for organ transplants, the market is expected to expand significantly as bioartificial organs help to alleviate donor organ shortages.
Market Overview:
Bioartificial organ manufacturing technologies are a series of enabling techniques that can produce human organs based on bionic principles. Organ manufacturing technologies can be divided into three main groups: (1) fully automated, (2) semi-automated, and (3) handworked (or handmade). One of the most promising bioartificial organ manufacturing technologies is combining multi-nozzle three-dimensional printing techniques to assemble personal cells and other biomaterials to build exclusive organ substitutes for defective/failed human organs.
Drivers
• Increased R&D activities
Factors such as increased product launches increased R&D activities, and key market players’ strategies will drive the growth of the studied segment. Furthermore, the segment’s growth is expected to be fuelled by new product approvals and ongoing government support. In February 2020, the U.S. Food and Drug Administration (FDA) granted Abbott Breakthrough Device designation for its in-development fully implantable left ventricular assist system. In March 2021, Penn State Health Milton S. Hershey Medical Center became the country’s second hospital to implant a newly designed EvaHeart2 Left Ventricular Assist System (LVAS) in a patient with severe heart failure. These all are certain factors that propel the growth of the market.
• Increasing prevalence of organ failure
The rising prevalence of organ failure caused by severe infections, cardiovascular disease, and trauma increases the number of organ transplant surgeries. In 2019, the World Health Organization reported approximately 48.9 million cases of sepsis. Adopting bad habits like drinking and smoking leads to liver and heart failure. As the prevalence of such illnesses rises, so does the risk of organ failure, driving up demand for bioartificial organs.
Some of the major players operating in the bioartificial organ manufacturing market are:
- B. Braun SE (Germany)
- Boston Scientific Corporation (U.S.)
- Getinge AB. (Sweden)
- ABIOMED. (U.S.)
- Asahi Kasei Corporation (Japan)
- Berlin Heart (Gemany)
- CARMAT (France)
- Jarvik Heart, Inc. (U.S.)
- Terumo Corporation (Japan)
- SynCardia Systems, LLC (U.S.)
- Nipro Europe Group Companies (Japan)
- Medtronic (U.S.)
- Organovo Holdings Inc. (U.S.)
- NexImmune (U.S.)
- Diabeloop SA (France)
- Admetsys (U.S.)
- Defymed (France)
- Pancreum, Inc. (U.S.)
- Beta Bionics Inc. (U.S.)
- Integra LifeSciences (U.S.)
To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@ https://www.databridgemarketresearch.com/reports/global-bioartificial-organ-manufacturing-market?Shri
Bioartificial Organ Manufacturing Market Regional Analysis/Insights
The bioartificial organ manufacturing market is analysed and market size insights and trends are provided by country, degree of automation, materials, and process as referenced above.
The countries covered in the bioartificial organ manufacturing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bioartificial organ manufacturing market because of the region’s well-developed healthcare infrastructure and favourable reimbursement policies.
Bioartificial Organ Manufacturing Market Scope
Degree of Automation
- Semi- Automated
- Fully Automated
- Handworked
Materials
- Mechanical
- Biomechanical
- Biological
Process
- Architectural Predesign
- Preparation of Materials and Construction Tools
- Homogeneous/Heterogeneous Cell Assembling
- Post Multi-Tissue Maturation
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Browse Detailed Summary of Research Report with TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-bioartificial-organ-manufacturing-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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