Netherlands Artificial Organs & Bionic Implants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.58 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Artificial Organs & Bionic Implants Market Analysis
The Netherlands Artificial Organs & Bionic Implants Market is expected to grow with a CAGR of 11.58% during the forecast period. The growth of the market can be attributed to the increasing prevalence of disabilities and organ failures and rising healthcare expenditure. Furthermore, the technological advancements and growing awareness of bionics and artificial organs is further boosting the market growth.
In the Netherlands, ischemic heart disease is found to be the leading cause of death for a long time. Based on self-reported data from the European Health Interview Survey (EHIS), one in six people in the Netherlands lives with hypertension which is a major risk factor for cardiovascular disease. Cardiovascular diseases are thus found to have a major share in the deaths of the country that has increased cardiovascular disease patients. With the increase in cardiovascular disease patients, there is a high demand for cardiac bionics that helps in boosting the market growth.
Netherlands Artificial Organs & Bionic Implants Market Trends
This section covers the major market trends shaping the Netherlands Artificial Organs & Bionic Implants Market according to our research experts:
Orthopedic Bionic Segment is Expected to Have a Significant Growth in the Forecast Period
The expected growth of the segment is attributed to the increasing number of road accidents and injuries requiring more amputations. Furthermore, the increasing geriatric population requiring, knee transplants, and other joint replacements are also boosting the segment growth.
According to 2020, Statistics Netherlands (Centraal Bureau Voor de Statistiek), in 2018, 678 people were killed on roads in the Netherlands and many have been disabled or severely injured due to the accidents. The total knee replacements and hip replacement surgeries that are taking place in a huge number in the country as the geriatric population is also increasing which is boosting the segment growth.
For instance, 29,370 total replacement surgeries had taken place in the Netherlands for the year 2017. Furthermore, the growing patient pool and the developing healthcare facilities and upcoming new players in the country are propelling the growth of the artificial organs & bionic implants market.
Netherlands Artificial Organs & Bionic Implants Industry Overview
The Netherlands Artificial Organs & Bionic Implants Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players in the market are Orthofix International N.V, Boston Scientific Corporation, Otto Bock Holding GmbH & Co. KG, Medtronic plc , Reboocon Bionics B.V., Ossur hf.
Netherlands Artificial Organs & Bionic Implants Market Leaders
Boston Scientific Corporation
Medtronic plc
Reboocon Bionics B.V.
Otto Bock Holding GmbH & Co. KG
Ossur
*Disclaimer: Major Players sorted in no particular order
Netherlands Artificial Organs & Bionic Implants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Prevalence of Disabilities and Organ Failures and Rising Healthcare Expenditure
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4.2.2 Technological Advancements and Growing Awareness of Bionics and Artificial Organs
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4.3 Market Restraints
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4.3.1 High Cost of Procedures and Fear of Device Malfunction and its Consequences
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Artificial Organs
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5.1.1.1 Artificial Heart
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5.1.1.2 Artificial Kidney
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5.1.1.3 Others
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5.1.2 Bionics
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5.1.2.1 Vision Bionics
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5.1.2.2 Orthopedic Bionic
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5.1.2.3 Cardiac Bionics
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5.1.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Boston Scientific Corporation
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6.1.2 Otto Bock Holding GmbH & Co. KG
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6.1.3 Medtronic plc
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6.1.4 Reboocon Bionics B.V.
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6.1.5 Ossur
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6.1.6 Zimmer Biomet
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6.1.7 Sonova Holding AG (Advanced Bionics)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Netherlands Artificial Organs & Bionic Implants Industry Segmentation
As per the scope of the report, artificial organs and bionic implants are the man-made devices that can be implanted or integrated into humans, to either replace a natural organ or provide support for the purpose of restoring specific function or a group of related functions, helping the patient to return to his normal life.
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Netherlands Artificial Organs & Bionic Implants Market Research FAQs
What is the current Netherlands Artificial Organs & Bionic Implants Market size?
The Netherlands Artificial Organs & Bionic Implants Market is projected to register a CAGR of 11.58% during the forecast period (2024-2029)
Who are the key players in Netherlands Artificial Organs & Bionic Implants Market?
Boston Scientific Corporation, Medtronic plc, Reboocon Bionics B.V., Otto Bock Holding GmbH & Co. KG and Ossur are the major companies operating in the Netherlands Artificial Organs & Bionic Implants Market.
What years does this Netherlands Artificial Organs & Bionic Implants Market cover?
The report covers the Netherlands Artificial Organs & Bionic Implants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Netherlands Artificial Organs & Bionic Implants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Netherlands Artificial Organs & Bionic Implants Industry Report
Statistics for the 2024 Netherlands Artificial Organs & Bionic Implants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Netherlands Artificial Organs & Bionic Implants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
