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

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 Market Trends

This section covers the major market trends shaping the India Artificial Organs & Bionics Market according to our research experts:

Artificial Kidney Segment is Expected to Show Growth Over the Forecast 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.