The deficient availability of the organ donors and increasing applicability & use cases of the wearable organs are creating enforcement in the market.
The global Wearable Organs Market is expected to reach USD 19.74 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to an increase in the deficiency of available organ donors, growth in the incidence of organ failures due to many chronic & life-threatening diseases, and rising practice of adopting artificial devices for organ efficacy. The enhancement in the genomics, surgical techniques, genetic engineering, and availability of the proper instruments for the transplant could increase the success rates of the operations, the advancements in the wearable organs technologies have helped reduce the rate of mortality causing from the organ failures.
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The growth in North American region is mainly driven by the growing demand for the artificial organ transplantation and higher rate of affordability for the same. Additionally, advancements in the biotechnology, healthcare and surgical systems, higher expenditure in healthcare facilities by the government and availability of many prominent players in the market placed North America in the superior position in the wearable organs market.
Global Wearable Organs Market COVID-19 Analysis
The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Wearable Organs industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Wearable Organs market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Wearable Organs industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Wearable Organs market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Wearable Organs market and offers revenue estimations in a post-COVID-19 scenario.
Revenue and cost profit analysis of major player dominating the Wearable Organs market
More than 120,000 solid organs transplant are performed every year, and that is nearly just the 1/5th of the total patients who require an organ transplant. More and more countries around the world are incorporating wearable organ technology into their public healthcare systems and working with companies on developing new use cases and applicability of the same.
The report also takes into consideration the effect of the different restrictions imposed in different regions on the Wearable Organs industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Wearable Organs market.
Key participants include Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Ekso Bionics Holdings Inc., Neurotron Biotechnology, Cochlear Ltd., HDT Global, Inc., AWAK Technology, ReWalk Robotics, and Second Sight Medical Products, Inc., among others.
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The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Wearable Organs market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Cochlear Implants
- Bionic Limbs
- Vision Bionics
- Brain Bionics
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Organ Replication
- Organ Efficacy
- Clinical Testing
The report offers a comprehensive overview of the global Wearable Organs market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
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The Asia Pacific is predicted to witness a significant CAGR during the forecast period due to the higher inclination towards artificial organ transplantation in emerging economies like China and India, the rising cases of organ failures due to various chronic diseases and accidents, and improved healthcare infrastructures, among others.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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Key Questions Addressed in the Report:
- Who are the leading players of the Wearable Organs industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Wearable Organs market?
- Which segment is expected to garner traction during the coming years?
- Report Overview
1.1 Research Scope
1.2 Key Wearable Organs market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Wearable Organs market size
2.2 Latest trends of the Wearable Organs market by region
2.3 Key corporate trends
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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