An artificial organ is a man-made organ device or tissue that is implanted or integrated into a human interacting with living tissue to replace a natural organ, duplicate or augment a specific function or functions, and allow the patient to resume normal life as soon as possible. The replaced function is not required to be related to life support, but it is frequently. Replacement bones and joints, such as those used in hip replacements, could be thought of as artificial organs. Increased product launches, increased research & developement activities, and key market players strategies will drive the artificial organs segment's growth. Furthermore, new product approvals and ongoing government support are expected to fuel the segment's growth. The increasing prevalence of organ failure due to severe infections, cardiovascular disease, and trauma raises the number of organ transplant surgeries.
Market Dynamics
The key players in the medical devices industry are focusing on the development of technologically advanced equipment, instruments, and systems for various surgical procedures. Thus, introduction of such advanced products in the market is expected to drive growth of the artificial vital organs and medical bionics market over the forecast period. For instance, On February 25, 2023, SynCardia Systems LLC, a manufactures, sells, and markets the world’s first and only US FDA approved and commercially available Total Artificial Heart mechanical heart, announced that the U.S. Food and Drug Administration (FDA) has approved significant software upgrades to the Freedom Portable Driver. This upgrade improve the accuracy of the cardiac output and fill volume measurements to 5% at normotensive conditions. on both the 50cc and 70cc hearts, and in so doing, eliminate a significant number of the unintended alarms that the current device has been experiencing. The upgrade also ensure that even in extreme cases of hypervolemia and hypertension, the device display correct measurements.
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