Wearable Organs Market Insights, Outlook and Forecast (2020 - 2027)
Market Size – USD 5.36 billion in 2019, Market Growth - CAGR of 17.6%, Market Trends –High prevalence of artificial kidney transplants & hearable devices. 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. The growth in North American region is mainly driven by the growing demand for the artificial organ transplantation and hi