India Artificial Organs and Bionics Market Size (2024 - 2029)

The India artificial organs and bionics market is projected to experience growth over the forecast period, driven by factors such as the increasing incidence of organ failures, a shortage of organ donors, and technological advancements. The Covid-19 pandemic initially adversely affected the market, but it also led to a rise in the adoption of cardiac bionics due to the growing cases of cardiovascular diseases. The market's expansion is further supported by successful implementations of artificial organs, although stringent regulations may pose challenges to its growth.

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Market Size of India Artificial Organs and Bionics Industry

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India Artificial Organs Bionic Implants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.80 %

Major Players

India Artificial Organs Bionic Implants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Artificial Organs and Bionics Market Analysis

The India artificial organs and bionics market is expected to register a CAGR of 6.8% during the forecast period (2022-2027).

The ongoing Covid-19 pandemic impacted the studied market significantly. During the initial phase of the pandemic due to the lockdowns and shutdowns, the market was impacted adversely. The number of transplants decreased during the initial phase of the pandemic. However, the adoption of cardiac bionics increased owing to the increasing cases of cardiovascular diseases in India. For instance, as per the article 'A case of post-COVID-19 mucormycosis with permanent pacemaker posted for functional endoscopic sinus surgery: Anaesthetic challenges' published in October 2021, the researchers of Maharashtra, India successfully managed a patient with post-COVID-19 mucormycosis with a permanent pacemaker in-situ posted for functional endoscopic sinus surgery (FESS) under general anesthesia. Such adoptions increased during the pandemic. Thus, the pandemic is expected to have a considerable impact on the market studied.

Factors such as the rising incidence of organ failures, scarcity of organ donors, and technological advancements are anticipated to drive market growth over the forecast period. For instance, as per the article 'Organ donation in India - There is light at the end of the tunnel' published in April 2022, it is estimated that almost 5 lakh Indians face organ failure every year, and yet less than 2%-3% of them receive a life-saving transplant. This burden of organ failure is anticipated to create opportunities for artificial organs and the bionics market in India. Thus, this is anticipated to drive artificial organs and bionics market growth in India over the forecast period.

Moreover, the adoption of artificial organs is increasing in the country. For instance, in October 2021, Kerala's first artificial heart implantation was done successfully on a 61-year-old woman, and the device implanted on her was HeartMate 2 (a second-generation ventricular assist device). Thus, such adoption and developments are anticipated to fuel market growth in the country.

Therefore, owing to the aforesaid factors the market studied is expected to witness growth over the forecast period. However, strict regulations on the products are expected to hinder market growth over the studied period.

India Artificial Organs and Bionics Industry Segmentation

As per the scope of the report, artificial organs are mechanical devices that can temporarily or permanently substitute for a body organ. These devices can replicate or augment the natural function of the organ. Bionics refers to the replacement or improvement of body parts by mechanical kinds. The India artificial organs and bionics market is segmented by Artificial Organ (Artificial Heart, Artificial Kidney, Artificial Lungs, Cochlear Implants and Other Organ Types) and Bionics (Vision Bionics, Ear Bionics, Orthopedic Bionic and Cardiac Bionics). The report offers the value (in USD million) for the above segments.

By Artificial Organ
Artificial Heart
Artificial Kidney
Artificial Lungs
Cochlear Implants
Other Organ Types
By Bionics
Vision Bionics
Ear Bionics
Orthopedic Bionic
Cardiac Bionics
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India Artificial Organs and Bionics Market Size Summary

The artificial organs and bionics market in India is poised for significant growth, driven by factors such as the increasing incidence of organ failures, a shortage of organ donors, and advancements in technology. The market experienced initial setbacks due to the Covid-19 pandemic, which led to a decrease in transplants but saw a rise in the adoption of cardiac bionics due to the growing prevalence of cardiovascular diseases. The pandemic highlighted the potential of artificial organs, as seen in cases like the management of post-COVID-19 mucormycosis with a permanent pacemaker. The burden of organ failure, with a substantial number of Indians facing this challenge annually, is expected to create opportunities for the artificial organs and bionics market, fostering growth over the forecast period.

The segment of wearable artificial kidneys is anticipated to expand due to the rising prevalence of renal failures, largely attributed to hypertension and diabetes. The increasing incidence of chronic kidney disease in India underscores the demand for artificial kidneys, which are becoming crucial for patient survival. Technological advancements in this field, along with the widespread use of hemodialysis as a renal replacement therapy, are contributing to the market's growth. The competitive landscape includes major players like Abiomed, Asahi Kasei Medical Co. Ltd, Baxter, and Medtronic, with ongoing innovations such as the development of advanced artificial hearts by institutions like IIT-Kanpur. Despite regulatory challenges, the market is expected to witness continued expansion, driven by these dynamic factors.

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India Artificial Organs and Bionics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Incidence of Organ Failures

      2. 1.2.2 Scarcity of Organ Donors

      3. 1.2.3 Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Procedure

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Artificial Organ

      1. 2.1.1 Artificial Heart

      2. 2.1.2 Artificial Kidney

      3. 2.1.3 Artificial Lungs

      4. 2.1.4 Cochlear Implants

      5. 2.1.5 Other Organ Types

    2. 2.2 By Bionics

      1. 2.2.1 Vision Bionics

      2. 2.2.2 Ear Bionics

      3. 2.2.3 Orthopedic Bionic

      4. 2.2.4 Cardiac Bionics

India Artificial Organs and Bionics Market Size FAQs

The India Artificial Organs and Bionics Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)

Boston Scientific Corporation, Ossur, Medtronic , Baxter and Abiomed are the major companies operating in the India Artificial Organs and Bionics Market.

India Artificial Organs Market Report Snapshots

India Artificial Organs & Bionics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)