According to the report Global Artificial Organs and Bionics Market, published by Market Data Forecast, The market has been estimated at USD 18.50 Billion in 2016 and is projected to reach USD 29.12 Billion by 2021, at a CAGR of 9.5% during the forecast period from 2016 to 2021.
Artificial organs are mechanical devices that can temporarily or permanently substitute for a body organ. Bionics involves the study of biological systems in order to develop Artificial systems that can replicate their functions. Manufactures are focusing on the development of bionic implant products such as wearable artificial kidney, bio-lung, and artificial pancreas for diseases that cannot be cured with alternative treatment methods.
Browse market data tables and in-depth TOC of the Global Artificial Organs and Bionics Market to 2021 @ http://www.marketdataforecast.com/market-reports/global-artificial-organs-and-bionics-market-1661/
The market for Artificial Organs and Bionics is mainly driven due to large number of patients who are in need for organ transplantation, growing public awareness about various diseases, and advancements in medical bionic implant and artificial organs procedures. But, the market growth is constrained due to lack of availability of donor organs and bio-artificial organs, and high cost of devices and uncertain reimbursement scenarios.
Global Artificial Organs and Bionics Market: Segmentation
Product
· Artificial Organs
o Artificial Heart
o Artificial Kidney
o Artificial liver
o Artificial pancreas
o Artificial lungs
· Bionics
o Vision bionics
o Ear bionics
o Orthopedic bionic
o Cardiac Bionics
o Brain bionics
· Y-o-Y Growth Analysis, By Product
· Market Attractiveness Analysis, By Product
· Market Share Analysis, By Product
Technology
· Electronic bionics
· Mechanical bionics
· Y-o-Y Growth Analysis, By Technology
· Market Attractiveness Analysis, By Technology
· Market Share Analysis, By Technology
Type of fixation
· Implantable
· Externally worn
· Y-o-Y Growth Analysis, By Type of fixation
· Market Attractiveness Analysis, By Type of fixation
· Market Share Analysis, By Type of fixation
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Geographically, Global market for Artificial Organs and Bionics is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. The market in North America is highly driven due to increasing population and awareness among the patients and the players regarding healthcare facilities and medical tourism. The Artificial Organs and Bionics market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing aging population and large consumer base, rising government initiatives for enhancing healthcare, and high disposable income.
Orthofix International N.V., Biomet, Inc., Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc., Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Jarvik Heart Inc. are the major players of Global Artificial Organs and Bionics market.
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