Market Trends of Germany Artificial Organs and Bionics Industry
This section covers the major market trends shaping the Germany Artificial Organs & Bionic Implants Market according to our research experts:
Artificial Kidney Segment is Expected to Hold a Significant Share in the Market Studied During the Forecast Period.
Hemodialysis is a method for removing waste products such as creatinine and urea, as well as free water from the blood when the kidneys are in kidney failure. An artificial kidney is used to clean the patient's blood. Hence, the other name for an artificial kidney is a dialysis machine. The segment is driven by the increasing prevalence of kidney diseases and product launches by key market players.
According to a study published in the International Journal of Environmental Research and Public Health in November 2021, the prevalence of CKD is approximately 10%. Patient and physician knowledge of CKD is often poor, limiting early diagnosis and treatment. This may aggravate the renal disease and damage the kidney, which increases the demand for artificial kidneys and is projected to drive segment growth.
Additionally, increasing demand for kidney transplants is expected to drive market growth. For instance, according to the Deutsches Referenzzentrum fur Ethik den Biowissenschaften published in October 2022, the total number of kidney transplants in Germany in 2021 reached 1,994 compared to 1,909 in the previous year. Thus, the growing demand for kidney transplants is expected to boost market growth during the forecast period.
Thus, owing to the above-mentioned factors, the artificial kidney segment is expected to grow during the forecast period.
Cochlear Implants is Expected to Hold a Significant Market Share Over the Forecast Period
Cochlear implants convert sound into electrical signals that restore hearing by replacing damaged parts of the cochlea and transmitting the signals to the brain. It is used by people as a hearing aid for low to high hearing loss. These cochlear implants are surgically implanted and consist of two parts. The inside component is implanted under the skin, while the other external component is worn at the back of the ear. The major factors bolstering segment growth are the upsurge in hearing impairment in the growing geriatric population, the risk of hearing loss due to exposure to noise in recreational settings in the younger population, and technological advancements and increased battery life of cochlear implants.
According to the EuroTrak Germany 2022 Survey, around 9.24 million people in Germany perceive their hearing to be impaired. This represents 11.1% of the total population. Approximately 9.03 million adults are affected by the epidemic. Furthermore, as per the same source, the prevalence of hearing loss in Germany in 2022 was 4.6%, and the adoption rate for hearing aids in the total population was 4.6%. Thus, with the growing prevalence of hearing loss and increases in the adoption of hearing aids in the country, the demand for cochlear implants is expected to increase during the forecast period.
As a result, all of the above factors, such as the growing burden of hearing loss and the adoption of hearing aids, are expected to drive market growth.
