UK Artificial Organs & Bionic Implants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The UK Artificial Organs & Bionic Implants Market is segmented By Type (Artificial Organs, Bionics).

Market Snapshot

UK Artificial Organs & Bionic Implants Market
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 2 %

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Market Overview

The UK Artificial Organs & Bionic Implants Market is expected to register a CAGR of 2% during the forecast period. This is attributing to increased incidence of disabilities and organ failures, scarcity of donor organs and High Incidence of Road Accidents Leading to Amputations. Moreover, the rising prevalence of renal disorders, acute renal failure and the increase in organ failure due to the ageing population are some more factors driving the market in this region. rapid involvement in the field of biomedical science has enabled organ transplantation a common practice. In addition, development in bionic orthopaedics, bionic eye and exoskeleton is fueling the market growth. Furthermore, Increasing R&D expenditure by innovators and generic players, technological advancements associated with bionic implants and rising ageing population will also fuel the UK Artificial Organs & Bionic Implants Market. However, the factors, such as the fear of device malfunction, risk of compatibility of artificial organs and their consequences, among others, may impact the market growth. These implants are also expensive, which has also been a restraining factor for the market growth.

Scope of the report

As per the scope, Artificial organs are mechanical devices that can temporarily or permanently substitute for a body organ. The Artificial Organs are made by a human and are implemented in human bodies with living tissue, it can able to perform the original function of human body parts. Bionics refers to the replacement or improvement of body parts by mechanical kinds. South Africa Artificial Organs & Bionic Implants Market is segmented by Type. UK Artificial Organs & Bionic Implants Market is segmented by Product and Geography.

By Type
Artificial Organ
Artificial Heart
Artificial Kidney
Cochlear Implants
Other Organ Types
Bionics
Ear Bionics
Orthopedic Bionic
Cardiac Bionics
Others

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Key Market Trends

Bionic Segment by Product is Estimated to Witness a Healthy Growth in Future.

According to a 2019 report by the Centers for Disease Control and Diagnostics, Diabetes is one of the most common causes of chronic kidney disease (CKD) and the primary cause of kidney failure. Hemodialysis is a method for removing waste products such as creatinine and urea, as well as free water from the blood when the kidneys are in kidney failure. The artificial kidney is used to clean the patient's blood. Hence, the other name for an artificial kidney is also called a dialysis machine. Dialysis is an important function of the body, which involves filtration and excretion of metabolic waste products, regulation of necessary electrolytes and fluids, and stimulation of red blood cell-production. Hence, as the prevalence of kidney failure increases, the demand for an artificial kidney is also expected to increase. Moreover, As per the United Nations, Department of Economic and Social Affairs, an estimate of around 12,499,000 population aged over 65 years in United Kingdon. The presence of such a large number of people aged over 65 years is more prone to have organ failure. Thus the increasing prevalence of the aging population likely positively impacts the segment growth.

key trend 1 Artficial UK.png

Competitive Landscape

The UK Artificial Organs & Bionic Implants Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Berlin Heart, Cochlear Ltd., Edwards Lifesciences Corporation, Medtronic, Jarvik Heart, Inc., Abbott, Abiomed Inc., and Ekso Bionics.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Incidence of Disabilities, Organ Failures and Scarcity of Donor Organs

      2. 4.2.2 Technological Advancements in the Artificial Organ and Bionics

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Procedures

      2. 4.3.2 Risk of Compatibility Issues and Malfunctions

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Artificial Organ

        1. 5.1.1.1 Artificial Heart

        2. 5.1.1.2 Artificial Kidney

        3. 5.1.1.3 Cochlear Implants

        4. 5.1.1.4 Other Organ Types

      2. 5.1.2 Bionics

        1. 5.1.2.1 Ear Bionics

        2. 5.1.2.2 Orthopedic Bionic

        3. 5.1.2.3 Cardiac Bionics

        4. 5.1.2.4 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Berlin Heart

      2. 6.1.2 Cochlear Ltd.

      3. 6.1.3 Edwards Lifesciences Corporation

      4. 6.1.4 Medtronic

      5. 6.1.5 Jarvik Heart, Inc.

      6. 6.1.6 Abbott

      7. 6.1.7 Abiomed Inc.

      8. 6.1.8 Ekso Bionics

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The UK Artificial Organs & Bionic Implants Market market is studied from 2018 - 2026.

The UK Artificial Organs & Bionic Implants Market is growing at a CAGR of 2% over the next 5 years.

Berlin Heart, Cochlear Ltd., Edwards Lifesciences Corporation, Medtronic, Jarvik Heart, Inc. are the major companies operating in UK Artificial Organs & Bionic Implants Market.

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