China Artificial Organs & Bionic Implants Market By Product (Artificial Organ, Artificial Heart, Artificial Kidney), Bionics (Vision Bionics, Ear Bionics, Orthopaedic Bionic, Cardiac Bionics) & Region for 2024-2031
Report ID: 468958|No. of Pages: 202
China Artificial Organs & Bionic Implants Market By Product (Artificial Organ, Artificial Heart, Artificial Kidney), Bionics (Vision Bionics, Ear Bionics, Orthopaedic Bionic, Cardiac Bionics) & Region for 2024-2031
China Artificial Organs & Bionic Implants Market Valuation 2024-2031
The growing demand for healthcare services in sectors such as hospitals, specialized clinics, and rehabilitation centers as well as significant investments in medical infrastructure, research facilities, and advancements in artificial organ technology are driving the China artificial organs and bionic implants market. According to the analyst from Verified Market Research, the China artificial organs & bionic implants market is estimated to reach a valuation of USD 8.7 Billion over the forecast subjugating around USD 3.2 Billion valued in 2024.
The rising aging population and increased frequency of chronic illnesses are driving the China artificial organs & bionic implants market. It enables the market to grow at a CAGR of 14.8 % from 2024 to 2031.
China Artificial Organs & Bionic Implants Market: Definition/Overview
Artificial organs and bionic implants are sophisticated medical technologies designed to mimic or improve the functionality of real organs and body components. These complex technologies span a wide range of items, including mechanical hearts, cochlear implants, cerebral prosthetics, and artificial kidneys. They are built with cutting-edge materials, electronics, and biocompatible components that blend smoothly with the human body, either temporarily sustaining organ function or giving permanent replacement options for damaged or failing organs.
The next generation of artificial organs will include smart capabilities such as self-monitoring systems, wireless connectivity for real-time health tracking, and adaptive reactions to physiological changes. Advanced bionic implants will provide more sensory feedback, better motor control, and brain-computer interfaces for easier operation.
These advancements will go beyond traditional medical uses and into performance augmentation, with bionic implants possibly increasing human capacities in areas such as memory, eyesight, and physical strength, altering both medical treatment and human potential.
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Will the Increasing Prevalence of Chronic Illness Drive the China Artificial Organs & Bionic Implants Market?
The increasing prevalence of chronic illnesses and an aging population in China are driving up demand for artificial organs and bionic implant technologies. According to the National Health Commission of China, the number of individuals with chronic kidney disease will reach 132.3 million by 2023, with around 800,000 requiring dialysis or transplant. Between 2020 and 2023, the organ transplant waiting list in Beijing alone increased by 35%, fuelling demand for artificial alternatives.
The increase in healthcare infrastructure development and medical technology investments is propelling the industry forward. According to China’s National Healthcare Security Administration, healthcare expenditure would reach ¥7.82 trillion ($1.1 trillion) in 2023, with ¥245 billion ($34.5 billion) set aside for medical device innovation. According to the China Association of Medical Device Industry, local output of artificial organs and bionic implants grew by 42% from 2020 to 2023. As increased medical technologies are increasingly utilized and disposable wealth increases, more people have access to artificial organs and bionic implants. China’s National Bureau of Statistics reports that per capita disposable income in urban areas would reach ¥47,412 ($6,680) in 2023, up 28% from 2020.
Will the High Costs of Artificial Organs Hamper the China Artificial Organs & Bionic Implants Market?
The high cost associated with Artificial organs and bionic implants face significant barriers to adoption in China’s healthcare system. The cost of advanced bionic implants ranges from ¥300,000 to ¥1.2 million ($42,000 to $169,000), while artificial organ procedures can cost up to ¥2 million ($282,000), including surgery and postoperative care. According to the Chinese Medical Insurance Association, only 35% of these expenses are typically covered by basic medical insurance, making them financially unaffordable for many patients. As a result, this economic barrier stifles market growth and prevents the widespread adoption of these life-saving technologies among various patient demographics.
Furthermore, despite their benefits, artificial organs and bionic implants face significant technical and biological challenges, limiting market growth in China. For example, current artificial organs have a limited lifespan, with an average of 5-7 years before needing replacement. According to the Chinese Journal of Transplantation, complications such as device failure, infection, and rejection occur in about 18% of transplants. According to the Chinese Society of Biomedical Engineering, integration issues between artificial devices and biological tissues account for 25% of implant procedures. These limitations lead to increased healthcare costs and decreased patient confidence, affecting the widespread adoption of these technologies in the medical field.
Category-Wise Acumens
Will High Prevalence of Cardiovascular Disease Drive Growth in the Products Segment?
The artificial heart segment dominates the Chinese artificial organs market accounting for approximately 38% in 2023 and valued at USD 1.2 Billion. This dominance is primarily due to the high prevalence of cardiovascular diseases in China, where the National Center for Cardiovascular Diseases reports over 290 Million patients. The segment’s leadership is further strengthened by significant technological advancements in mechanical circulatory support devices and total artificial hearts which improve their dependability and durability.
Major Chinese hospitals report a 45% increase in artificial heart implantations between 2020 and 2023 with success rates of up to 85%. The segment’s expansion is also aided by improved insurance coverage for cardiovascular procedures and increased government investment in cardiac care infrastructure. Recent advancements in miniaturization, battery life extension, and smart monitoring capabilities have made artificial hearts more practical and effective, resulting in their market dominance over other artificial organ segments.
Will Rising Demand for Vision Restoration Drive Growth in the Bionics Segment?
Vision bionics is estimated to dominate the global bionics market over the forecast period. The increasing prevalence of vision-related disorders worldwide is a major driver of the vision bionics market. As healthcare providers strive to improve patient outcomes and quality of life, vision bionic technology becomes increasingly important in providing advanced solutions that enable patients to regain visual function and navigate daily activities more effectively. This trend is expected to accelerate as more medical institutions invest in vision restoration technology.
Government healthcare policies and insurance coverage for advanced medical devices are hastening the adoption of vision bionic systems in the healthcare sector. These policies frequently encourage access to innovative medical technologies like retinal implants to improve patient care, necessitating the sophisticated engineering and precision that modern vision bionics can provide. As healthcare coverage expands and becomes more comprehensive, the demand for vision bionic devices is expected to rise dramatically. Furthermore, recent technological advances in vision bionics, such as increased functionality and fewer complications, are making them more accessible for patient applications.
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Country/Region-wise Acumens
Will Increasing Advancement in Infrastructure for Medical Research Drive the Market in Beijing?
Beijing will dominate China’s artificial organs & bionic implants market over the forecast period. Beijing has the most advanced infrastructure for medical research and development in China. According to the Beijing Municipal Health Commission, the city has over 50 major research institutions and more than 30 specialized hospitals that perform advanced bionic implant procedures with total healthcare investments exceeding RMB 100 billion by 2023. Beijing alone has designated over 15 specialized medical districts with extensive healthcare infrastructure, resulting in a high demand for artificial organs and bionic implants.
Beijing’s ambitious healthcare innovation efforts promote the widespread adoption of advanced medical technologies. According to the Beijing Science and Technology Commission, there are currently over 200 medical device innovation projects in Beijing, with a total investment of RMB 50 billion ($7.8 billion) by 2023. According to the Beijing Medical Products Administration, over 100 new medical device patents, including artificial organs and bionic implants, have been registered for clinical use and patient care in the city’s major hospitals.
Will Increasing Supportive Industrial Ecosystem Drive the Market in Wuhan?
The Wuhan region is expected to experience significant growth in China’s artificial organs & bionic implants market over the forecast period. Wuhan’s extensive healthcare infrastructure development is driving bionic implant adoption. The Wuhan Health Commission’s Healthcare Innovation Initiative aims to develop 20 specialized medical centers by 2025, with an investment of RMB 50 billion ($7.8 billion). The Wuhan Medical Device Innovation Center reported that advanced manufacturing technologies will be implemented across 15 major facilities in 2023, resulting in a 40% reduction in production costs.
The region’s medical research sector transformation is hastening bionic implant development. According to the Wuhan Institute of Biomedical Research, clinical trials involving bionic implants improved patient outcomes by 35% in pilot programs at eight hospitals. According to the Wuhan Municipal Healthcare Bureau, more than 1,000 patients received advanced bionic implants in 2023 with plans to increase treatment capacity to 2,500 patients by 2025.
Competitive Landscape
The China’s Artificial Organs & Bionic Implants Market competitive landscape is characterized by a varied range of competitors and low market concentration, creating an environment conducive to innovation and collaboration. Companies are increasingly focusing on R&D to differentiate their offerings, resulting in advances in technology, such as improved resolution and range capabilities.
Some of the prominent players operating in the China artificial organs & bionic implants market include:
- Weigao Group Medical Co., Ltd
- MicroPort Scientific Corporation
- Lepu Medical Technology
- Venus Medtech Inc
- Lifetech Scientific Corporation
- Shanghai United Imaging Healthcare Co., Ltd
- Beijing PINS Medical Co., Ltd
- Suzhou Tianhong Medical Devices Co., Ltd
Latest Developments
- In March 2024, Weigao Group Medical Co., Ltd. will continue to focus on medical device manufacturing and distribution in China.
- In September 2023, MicroPort formed a strategic partnership with VitaFlow to expand their transcatheter heart valve business.
- In July 2023, the company received FDA approval for its Firehawk Liberator Drug-Eluting Stent System in the US.
- In June 2023, MicroPort’s orthopedic division launched a new knee replacement system for European markets.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~14.8% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Weigao Group Medical Co., Ltd, MicroPort Scientific Corporation, Lepu Medical Technology, Venus Medtech Inc, Lifetech Scientific Corporation, Shanghai United Imaging Healthcare Co., Ltd, Beijing PINS Medical Co., Ltd, Suzhou Tianhong Medical Devices Co., Ltd |
| Customization | Report customization along with purchase available upon request |
China Artificial Organs & Bionic Implants Market, By Category
Product:
- Artificial Organ
- Artificial Heart
- Artificial Kidney
- Artificial Organs
Bionics:
- Vision Bionics
- Ear Bionics
- Orthopaedic Bionic
- Cardiac Bionics
Region:
- Beijing
- Wuhan
- Rest of the China
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Data Collection Matrix
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Econometrics and data visualization model
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Industry Analysis Matrix
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