The Asia-Pacific artificial organs and bionics market is expected to grow at a significant rate during the forecast period, 2024-2028. Increasing cases of organ failures along with shortage of organ donors are expected to facilitate market growth. For example, according to the article titled “Organ Donation in India – There is Light at the End of the Tunnel” published in 2022, it is predicted that every year, approximately 5 lakh Indians face organ failure, still less than 2% -3. % of them receive a life-saving transplant. Moreover, increasing cases of disability or road accidents leading to amputations are increasing the demand for replacement of the damaged part or organ, which, in turn, is fueling the market growth. Growing adoption of advanced technologies such as 3D bioprinting, artificial intelligence and others are fueling the growth of the artificial organs and bionics market in Asia Pacific. However, compatibility issues between an organ donor and a transplant recipient are hindering the growth of the market. Moreover, strict regulations related to artificial organs and bionics are expected to slow down the market growth.
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The Asia-Pacific artificial organs and bionics market is segmented into product, technology, material, end user, company, and country. The product segment is further divided into artificial heart, artificial kidney, artificial thyroid gland, bionic limb and others. Artificial kidneys held the dominant position in 2022, due to the increase in kidney diseases and failures and the increase in the elderly population. By country, Japan holds the maximum market share in the Asia Pacific region. This is attributed to the increase in the number of chronic diseases that lead to organ failure, the increase in the elderly population and the increase in the rate of road accidents and resulting disabilities.
Key players in the Asia-Pacific artificial organs and bionics market include Medtronic plc, Getinge AB, Ekso Bionics Holdings Inc., Boston Scientific Corporation, ABIOMED, Rex Bionics Ltd, Össur hf, ReWalk Robotics, Cyberdyne Inc. and Obara Kogyo Inc. Ltd. Cooperation and joining with medical schools or research organizations is one of the main strategies of companies to maintain and maintain their position in such a highly competitive environment.
Objective of the study:
- To analyze and forecast the market size of the Asia Pacific artificial organs and bionics market.
- To classify and forecast the Asia-Pacific artificial organs and bionics market based on product, technology, material, end user, company and country.
- To identify the drivers and challenges for the Asia-Pacific artificial organs and bionics market.
- To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Asia Pacific Artificial Organs and Bionics market.
- To conduct price analysis for the Asia Pacific Artificial Organs and Bionics Market.
- To identify and analyze the profile of the key players operating in the artificial organs and bionics market in Asia Pacific.
TechSci Research conducted both exhaustive primary and secondary research for this study. Initially, TechSci Research provided a list of hospitals and surgical centers across the globe. TechSci Research then conducted primary research surveys with the identified companies. During the interview, the respondents were also asked about their competitors. Through this technique, TechSci Research can include hospitals and surgical centers that could not be identified due to secondary research limitations. TechSci Research analyzed the hospitals and surgical centers and the presence of all major players across the globe.
TechSci Research calculated the market size of the Asia-Pacific artificial organs and bionics market using a bottom-up approach, where data on various end-user segments were recorded and forecasted for the coming years. TechSci Research obtained these values from industry experts and company representatives and externally validated them by analyzing historical data of these types of products and applications to obtain an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Main target audience:
- Hospitals, surgery centers, organ banks/distributors and other interested parties
- Government bodies such as regulatory authorities and policy makers
- Organizations, forums and alliances related to artificial organs and bionics
- Market research and consulting firms
The study is helpful in providing answers to some critical questions that are important to industry stakeholders such as hospitals and surgical centers, end users, etc., besides allowing them to strategize investments and capitalize on market opportunities.
Scope of report:
In this report, the Asia Pacific Artificial Organs and Bionics market is segmented into the following categories, apart from the industry trends which are also detailed below:
- Asia Pacific Artificial Organs and Bionics Market, by Products:
- Artificial heart
- Artificial kidneys
- Bionic Limb
- Others
- Asia Pacific Artificial Organs and Bionics Market, by Technology:
- Suction technology
- Implanted myoelectric sensor (IMES) technology.
- Socket based technology
- 3D bioprinting
- Others
- Asia Pacific Artificial Organs and Bionics Market, by Material:
o Plastics
o Metal
o Polymer
- Asia Pacific Artificial Organs and Bionics Market, by End User:
- hospital
- Surgical Centers
- Others
- Asia Pacific Artificial Organs and Bionics Market, by Country:
- China
- INDIA
- Japan
- South Korea
- Singapore
- Australia
- Vietnam
- Malaysia
- Indonesia
- Philippines
Competitive landscape
Company Profiles: Detailed analysis of major companies present in the Asia Pacific artificial organs and bionics market.
Table of Contents-
- Summary of the article
1.1. Market definition
1.2. Market Scope
1.2.1. Markets covered
1.2.2. Years considered for study
1.2.3. Main market segments
- Research methodology
2.1. Objective of the Study
2.2. Basic methodology
2.3. Key industry partners
2.4. Primary association and secondary sources
2.5. Forecasting methodology
2.6. Data triangulation and validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Market Overview
3.2. Overview of the main market segments
3.3. Summary of major market players
3.4. Summary of Key Regions/Countries
3.5. Overview of market drivers, challenges, trends
………… toc continued
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About TechSci Research:
TechSci Research is a research-based management consulting firm that provides market research and advisory solutions to its clients worldwide, spanning a variety of industries. TechSci Research’s core values are value, integrity and insight. Led by a dynamic team of industry experts, TechSci Research provides its clients with high-value research and advisory services that help them identify new market opportunities, growth drivers and innovative ways to capture market share. As a result, TechSci’s client leads rather than follows market trends. Unbound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and a growing use of technology as engines of innovation to deliver unique research value. Offered as an alternative to traditional market research, TechSci Research reports not only provide data and insights, but highlight insights in a more usable and interactive format for its clients.
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