
Report ID: SQMIG35H2303
Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the artificial organs market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of artificial organs market across North America, South America, Europe, Asia, the Middle East, and Africa.
North America ruled the marketplace, accounting for the largest sales share at 45.0% in 2022. This growth is attributed to the rise in transplant surgical operations. Major biotechnology and medical device manufacturers within the place, which include Zimmer Biomet, Arthrex, Inc., Medtronic, Novartis AG, and Stryker, make contributions to this dominance. For example, in March 2022, Zimmer Biomet Holdings, Inc. become acquired. By means of the business enterprise announced WalkAI, a growing AI gadget that identifies patients. The wide variety of donors within the US. Has increased dramatically over the last 5 years. Asia Pacific is anticipated to witness quickest increase at a CAGR of 11.1% for the duration of the forecast period from 2024 to 2031, driven by way of the emerging economies consisting of Japan, China and India. Chronic diseases leading to the high rates of organ failure are expected to fuel the growth of prosthetic organs and motor devices. In January 2022, Warburg Pincus invested $210 million in Micro Life Sciences Pvt Ltd, the parent organization of Indian medical device company Merrill. The investment will promote domestic high quality regulatory medical devices in a global context, expanding their overseas footprint, attracting international talent, scaling up clinical research programs and potentially. The countries are technologically advanced and offer advanced surgeries with medical tourism growing.
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Report ID: SQMIG35H2303
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