Meaning of Bionics is bionical creativity engineering means the replacement or enhancement of organs or other body parts by mechanical versions. Bionic implants differ from mere prostheses by mimicking the original function very closely, or even surpassing it. Bionics Cover different body part separately and it includes many separate Domain Expertise vision bionics, Ear Bionics, orthopedic Bionics, Heart Bionics, Neutral/Brain Bionics.
Examples of Bionic Devices:
- Artificial Heart
- Artificial Muscle
- Cochlear Implant
- Bioelectrodes
- Mechanoactive Cartilage
A medical bionics industry will bring:
- Improved patient health
- Skills development
- Job creation
- Long term export earnings
- New opportunities for innovative technology solutions
Our Bionic Market Research Report Says:
Report Says, The global artificial organs market has been segmented as vision bionics, ear bionics, orthopedic bionics, heart bionics, and neural/brain bionics. Heart bionics accounts for the largest share in this market, primarily due to a large global population with heart diseases. Rising healthcare expenditure and emergence of new healthcare facilities in emerging economies provides growth opportunities for the medical bionic implants market. The market for certain bionic devices such as exoskeletons, bionic orthopedics, and the bionic eye are skewed in favor of certain regions because of stronger research in these regions as compared to others. In this report, we are also focusing on bionic devices in pipeline, which include wearable artificial kidney, bio-lung, and artificial pancreas.
According to the Report, Expert Interviews and MnM Analysis The medical bionic implants market is a potentially growing one with a global market of $12.67 million in 2012. It is expected to grow at a CAGR of 7.1% to reach $17.82 billion in 2017.
The global artificial organs market has been segmented as vision bionics, ear bionics, orthopedic bionics, heart bionics, and neural/brain bionics. Heart bionics accounts for the largest share in this market, primarily due to a large global population with heart diseases. Rising healthcare expenditure and emergence of new healthcare facilities in emerging economies provides growth opportunities for the medical bionic implants market.
GLOBAL MEDICAL BIONICS IMPLANT /ARTIFICIAL ORGANS MARKET SHARE, BY PRODUCTS, 2017
Image Source : MarketsandMarkets
The key players in this market are Orthofix International N.V. (The Netherlands), Biomet, Inc. (U.S.), Medtronic, Inc. (U.S.), Cochlear Ltd. (Australia), Second Sight Medical Products, Inc. (U.S.), Ossur (Iceland), Ekso Bionics (U.S.), and St. Jude Medical, Inc. (U.S.).
Scope of The Report :
This research report categorizes the global medical bionic implants market on the basis of products, technologies, and type of fixation. These markets are broken down into segments and sub-segments, providing value analysis for 2010, 2011, and 2012, as well as forecast up to 2017. Each market is comprehensively analyzed by geography (North America, Europe, Asia-Pacific, and Rest of the World) to provide in-depth information on the global scenario.
Global Medical Bionics Market, By Products:
- Vision Bionics
Bionic Eye
- Ear Bionics
Cochlear Implant
Bone Anchored Hearing Aid (Baha)
- Orthopedic Bionics
Bionic Limb
Bionic Hand
Bionic Leg
Bionic Finger
Exoskeleton
Electrical Bone Growth Stimulators
- Heart Bionics
Pacemaker
Total Artificial Heart
Ventricular Assist Device
Artificial Heart Valves
- Neural /Brain Bionics
Deep Brain Stimulator
Vagus Nerve Stimulator
Spinal Cord Stimulator
Global Medical Bionics Market, By Technology:
- Mechanical
- Electronic
Global Medical Bionics Market, By Method of Fixation:
- Implantable
- Externally Worn
Medical Bionics Market, By Geography:
- North America
- Europe
- Asia-Pacific
- RoW (Rest of World)
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