Wearable Artificial Organs Market Is Anticipated To Witness Commendable Growth By 2027 | Global Trends, Outlook, And Comprehensive Research Study Report By Grand View Research, Inc.

Wearable Artificial Organs Market Is Anticipated To Witness Commendable Growth By 2027 | Global Trends, Outlook, And Comprehensive Research Study Report By Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Wearable Artificial Organs Market Size, Share & Trends Analysis Report By Product (Kidney, Cochlear Implant, Exoskeleton, Vision Bionics, Brain Bionics), By Technology (Mechanical, Electronic), By Region, And Segment Forecasts, 2020 – 2027

Wearable Artificial Organs Market Growth & Trends

The global wearable artificial organs market size is expected to reach USD 17.7 billion by the year 2027, expanding at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. Growing cases of transplant failure coupled with the increasing shortage of organ donors are creating massive growth opportunities for wearable artificial organs. Technological advancement in the field of 3D printing and artificial intelligence is creating new avenues for the market.

These devices are improving the patient’s quality of life by allowing them to continue their routine activities while undergoing therapy or dialysis. The market is expected to witness several product launches and FDA approvals. For instance, in December 2019, the FDA approved Tandem Diabetes Care’s Control-IQ artificial pancreas system. The device is an automatic insulin dosing system designed to deliver correction boluses. In August 2019, the FDA approved a MED-EL cochlear implant system for single-sided asymmetric hearing loss. This system is approved for use in children 5 years and older.

Increasing incidence of road accidents resulting in severe injuries also creates a demand for wearable artificial organs. According to the World Health Organization, approximately 1.4 million people die in a road accident every year, and around 20 to 50 million people suffer from non-fatal injuries.

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The U.S wearable artificial organs market size, by technology, 2016 - 2027 (USD Billion)

Wearable Artificial Organs Market Report Highlights

  • Based on the product, the cochlear implant segment is dominating due to the rising aging population and increasing adoption of these devices
  • The wearable kidney segment is expected to witness the fastest CAGR owing to the presence of various clinical trials and expected product launch in the coming years
  • Based on technology, the electronic wearable organ segment dominates the market owing to the high adoption rate of these devices
  • North America was the leading regional sector in 2019 and is expected to maintain its position during the forecast period, owing to the presence of various market leaders and continuous technological advancements.

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Global wearable artificial organs market Share, by technology, 2019 (%)

Wearable Artificial Organs Market Segmentation

Grand View Research has segmented the global wearable artificial organs market on the basis of product, technology, and region

     Wearable Artificial Organs Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Kidney
  • Pancreas
  • Cochlear Implants
  • Exoskeleton
  • Bionic Limbs
  • Brain Bionics
  • Vision Bionics

   Wearable Artificial Organs Technology Outlook (Revenue, USD Million, 2016 – 2027)

  • Mechanical
  • Electronic

Key Topic Covered

Table of Contents

Chapter 1. Methodology and Scope
                 1.1. Market Segmentation & Scope
                     1.1.1. Product
                     1.1.2. Technology
                     1.1.3. Region scope
                     1.1.4. Estimates and forecast timeline
                 1.2. Research Methodology
                 1.3. Information Procurement
                     1.3.1. Purchased database
                     1.3.2. GVR’s internal database
                     1.3.3. Secondary sources
                     1.3.4. Primary research
                     1.3.5. Details of primary research
                 1.4. Information or Data Analysis
                     1.4.1. Data analysis models
                 1.5. Market Formulation & Validation
                 1.6. Model Details
                     1.6.1. Commodity flow analysis (Model 1)
                Approach 1: Commodity flow approach
                     1.6.2. Volume price analysis (Model 2)
                Approach 2: Volume price analysis
                 1.7. List of Secondary Sources
                 1.8. List of Primary Sources
                 1.9. Objectives
                     1.9.1. Objective 1
                     1.9.2. Objective 2
Chapter 2. Executive Summary
                 2.1. Market Outlook
                 2.2. Segment Outlook
                     2.2.1. Product outlook
                     2.2.2. Technology outlook
                     2.2.3. Regional outlook
                 2.3. Competitive Insights


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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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