Global Artificial Organ Bank Market To Be Hampered By High Prices Of Artificial Organs

Jan. 05, 2016 4:58 AM ETTMR
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I am Jess Bruce Assistant Manager in Transparency Market Research (TMR). TMR is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

A new market research study by Transparency Market Research, titled "Artificial Organ Bank Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023", provides a comprehensive analysis of the global artificial organ bank market. The research report comprises market overview, information about the products offered, market trends, challenges, historical data, and forecast statistics. The rising number of renal failure cases owing to unhealthy lifestyles, rising need for dialysis, rapidly increasing incidence of various disorders and the growing aging population, rise in the number of accidents, and tremendous increase in the number of patients who are waiting for organ transplantation are some of the major factors that are expected to boost the demand for artificial organ banks in the global market.

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Scientists around the world are carrying out research and various studies on biofuel cells, which can help in utilizing the oxygen and glucose in the human body in order to generate electricity. In addition, various technological developments in artificial organ storage and transplant are leading to huge opportunities for artificial organs in the forecast period. On the other hand, high regulatory requirements for artificial organs, their inadequate battery life, and their high prices are expected to hamper the growth of the global artificial organ bank market. Moreover, a patient who has an artificial organ cannot go through any other medical examination or test owing to the magnetic reaction that can take place between the artificial organ implanted and the metal in the testing device.

According to type, the research report has segmented the global artificial organ bank market into organs such as blood vessels, the heart, the kidneys, the liver, the pancreas, eyes, and ears. Among all the types, the kidneys and the heart are the most developed and extensively used artificial organs across the globe. The report has further segmented the global artificial organ bank market on the basis of technology used into mechanical and electrical. Furthermore, the global market for artificial organ bank has been segmented on the basis of bionics into ear bionic, bionic limbs, vision bionic, cardiac bionic, and brain bionic.

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The research report has further segmented the global artificial organ bank market on the basis of geography into Latin America, North America, Asia Pacific, Europe, and Rest of the World. Among all these regions, North America leads the global market and is expected to remain in that position throughout the forecast period, followed by Europe.

The report on the global artificial organ bank market further talks about the vendor analysis, which includes company overview, product portfolio, business strategies, financial overview, recent developments, and SWOT analysis. Some of the prominent players operating in the global artificial organ bank market are Berlin Heart GmbH., ABIOMED, Inc., Biomet Inc., HeartWare, Inc., Asahi Kasei Medical Co., Ltd., and Thoratec Corporation.

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