LONDON — (BUSINESS WIRE) — September 10, 2015 — Technavio has published a new report on the global artificial organ market, which is expected to grow at a CAGR of nearly 8% from 2015-2019.
About the Report
According to the latest report by Technavio, the development of new and improved artificial organs, combined with technological advances in the materials used for fabrication, has had a significant impact on the market growth. The current technologies used for organ substitutions, such as kidney dialysis machines and whole organ transplants, have helped researchers and vendors invest in R&D.
“Technological advances in cochlear implant products and accessories such as the Nucleus 5 system and the OPUS 2 cochlear implant speech processor, are also encouraging customers to opt for better technology,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the emergence of 3D printing, a process that uses computer-aided digital models in creating real organs, such as the heart, pancreas, kidney, and cochlear implants, which has revolutionized human tissue replacement procedures.
“The advent of 3D printing is a starting point in the development of artificial organs and will have a significant impact on the market,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global artificial organ market from 2015-2019. To calculate the market size, we consider revenue generated from the sales of the following products.
Key Information Covered in the Report:
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Key Vendors:
- Baxter
- Cochlear
- Fresenius Medical Care
- Medtronic
- SynCardia Systems
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Market Growth Drivers:
- Growing prevalence of ESRD
- For a full detailed list, view our report.
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Market Challenges:
- High cost
- For a full detailed list, view our report.
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Market Trends:
- Emergence of 3D printing
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the medical devices market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150910005615/en/
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