Market Size of UK Artificial Organs & Bionic Implants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UK Artificial Organs & Bionic Implants Market Analysis
The United Kingdom artificial organs & bionic implants market is expected to register a CAGR of 2% during the forecast period.
- The COVID-19 pandemic had a significant impact on the market as the pandemic was often associated with heart and kidney failures, which effectively increased the demand for artificial organs. For instance, according to an article published by PubMed Central in September 2021, a study was conducted of patients admitted to 2 hospitals in Derby, United Kingdom, and it was observed that there was a high incidence of acute kidney injury in patients with COVID-19. Thus, the increased number of kidney failures significantly improved the market growth. However, as the pandemic has subsided currently, the studied market is expected to have stable growth during the forecast period of the study.
- Factors such as the increased incidence of disabilities, organ failures, scarcity of donor organs, and technological advancements in artificial organs and bionics are expected to boost the market growth.
- The increasing number of organ failures in the United Kingdom is a major factor driving market growth. For instance, according to the data updated by Kidney Care UK in 2021, it is estimated that around 3.5 million people in the United Kingdom have chronic kidney disease (CKD), and uncontrolled diabetes and high blood pressure are the biggest causes of CKD. It is also estimated that over 68,000 people in the United Kingdom were being treated for kidney failure (also known as stage 5 CKD, where kidney function is less than 15%). Thus, the high kidney failure rate in the country is expected to boost market growth.
- Furthermore, according to an article published by PubMed in August 2022, a study was conducted in the United Kingdom, which showed that the overall pooled incidence of heart failure was 98.5 per 10,000 people every year over a median of 6.1 years of follow-up. Thus, the high incidence of heart failure in the country is also expected to boost the usage of artificial organs during the forecast period of the study.
- Thus, due to the aforementioned factors, such as the rising prevalence of heart and kidney failures, the studied market is expected to experience growth. However, the expensive procedures and the risk of compatibility issues and malfunctions are expected to hinder market growth.
