UK Artificial Organs And Bionics Market Size & Outlook
UK artificial organs and bionics market, 2018-2030 (US$M)
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UK artificial organs and bionics market highlights
- The UK artificial organs and bionics market generated a revenue of USD 1,348.0 million in 2022 and is expected to reach USD 2,676.0 million by 2030.
- The UK market is expected to grow at a CAGR of 8.9% from 2023 to 2030.
- In terms of segment, artificial organ was the largest revenue generating product in 2022.
- Artificial bionics is the most lucrative product segment registering the fastest growth during the forecast period.
Artificial organs and bionics market data book summary
| Market revenue in 2022 | USD 1,348.0 million |
| Market revenue in 2030 | USD 2,676.0 million |
| Growth rate | 8.9% (CAGR from 2022 to 2030) |
| Largest segment | Artificial organ |
| Fastest growing segment | Artificial bionics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Artificial Organ, Artificial bionics |
| Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
Other key industry trends
- In terms of revenue, UK accounted for 3.9% of the global artificial organs and bionics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany artificial organs and bionics market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,688.8 million by 2030.
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Artificial Organs And Bionics Market Scope
Artificial Organs And Bionics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK artificial organs and bionics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial organs and bionics market will help companies and investors design strategic landscapes.
Artificial organ was the largest segment with a revenue share of 70.26% in 2022. Horizon Databook has segmented the UK artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
The NHS Blood and Transplant (NHBST) provides everything required for the procedure; from donors of blood, organs, & tissue to the patients that need them. Increasing number of kidney transplants and the growing number of people on the waiting list are expected to boost the demand for artificial organs.
According to the Global Observatory on Donation and Transplant, 3,642 kidney transplants were performed in the UK in 2019, out of which 2,608 were deceased kidney transplants and 1,034 were living kidney transplants.
Technological advancements in the field of organ transplant are also boosting the market. 3D bioprinting technologies have proven to be crucial in these procedures. Moreover, with a shortage of organ donors and a substantial rise in the number of patients waiting for organ transplants, there is a high demand for artificial organs.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into UK artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK artificial organs and bionics market size, by product, 2018-2030 (US$M)
UK Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)
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