The Medical Bionic Implant/Artificial Organs market research report is a knowledgeable research manual which analyzes the overall market components such as in-power subjective market knowledge, recorded market knowledge, and future projections. The examination on the Medical Bionic Implant/Artificial Organs market will prove to be useful to monetary experts, specialists, investors and policymakers, investigators etc. The projections incorporated into the report had been established utilizing built up research tool and techniques such as SWOT analysis, Porter’s Five Forces analysis. Readers will find this report useful in acquiring essential cognizance related to the Medical Bionic Implant/Artificial Organs market.
For a more grounded and all the more relentless business perspective, the report on the Medical Bionic Implant/Artificial Organs market conveys key projections that can prove beneficial for the organizations and players of this Medical Bionic Implant/Artificial Organs market. The data and information are addressed in the Medical Bionic Implant/Artificial Organs report using figures, organized introductions, pie diagrams, and other visual depictions gives a clear comprehension of the complexities related to the Medical Bionic Implant/Artificial Organs market. The aim of this report is that the readers grasp the knowledge related to the Medical Bionic Implant/Artificial Organs market such as its definition, demand, potential, latest examples, and the troubles that the Medical Bionic Implant/Artificial Organs market is facing.
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Global medical bionic implant /artificial organs market is expected to rise from its initial estimated value of USD 17.82 billion in 2018 to an estimated value of USD 32.21 billion by 2026 at a healthy CAGR of 6.8% in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the rapid technological advancements taking place in the market.
Artificial organ and implants are prosthetics or devices that are specially made to implant in human body to mimic the functioning of the original organ. The important part of such implant is for them to work exactly like a normal organ without any disruption. Bionics is a combination of electronics and biology. It is like substituting the original body organ with a robotic version.
According the National Kidney Foundation, in 2016, in the United States around 121,678 people were waiting for lifesaving organ transplants and in 2014, 17,107 kidney transplants took place in the U.S. The growth in the number of organ transplants is boosting the market growth.
Key Market Competitors: Global Medical Bionic Implant/Artificial Organs Market
Few of the major competitors currently working in the medical bionic implant /artificial organs market are ALEVA NEUROTHERAPEUTICS SA, Biocontrol Medical, Zimmer Biomet., Boston Scientific Corporation, Cochlear Ltd., Cyberonics, Inc., Ekso Bionics , LivaNova PLC, Medtronic. ,NeuroPace, Inc., Orthofix Holdings, Inc.., Ossur Corporate, SECOND SIGHT.= = LifeNet Health.., Nano Retina, Edwards LifeSciences Corporation, Terumo Corporation, Touch Bionics Inc. and Touch Bionics Limited, Tibion Corporation among others.
Increase in number of occupational disabilities that require medical bionics is expected to drive the market.
Increased adoption of organ transplantation and technological advancement is also expected to drive the market growth.
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Segmentation: Global Medical Bionic Implant/Artificial Organs Market
By Product Type
Bone Anchored Hearing Aid (Baha)
Electrical Bone Growth Stimulators
Invasive Bone Growth Stimulators
Non-Invasive Bone Growth Stimulators
Implantable Cardiac Pacemaker
Total Artificial Heart
Ventricular Assist Device
Artificial Heart Valve
Mechanical Heart Valve
Tissue Heart Valve
Deep Brain Stimulator
Vagus Nerve Stimulator
Spinal Cord StimulatorBy Method of Fixation
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
Key Developments in the Market:
- In July 2016, PIXIUM VISION. received CE mark approval for IRISII bionic vision system. This will help to provide treatment to compensate for blindness. It is intended for patients who have lost their sight as a result of retinitis pigmentosa by using 150 electrode epi-retinal implant
- In March 2016, Cochlear Ltd., launched Cochlear Baha 5 Power and Baha 5 SuperPower that are the first and only bone conduction sound processors which are worn behind the ear. It is useful for people with high degree of hearing loss.
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