Medical Bionic Implant /Artificial Organs Market Size By Product (Vision Bionics , Ear Bionics , Orthopedic Bionics , Heart Bionics , Neural /Brain Bionics), By Technology (Mechanical, Electronic), By Method of Fixation (Implantable, Externally Worn), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
The global Medical Bionic Implant /Artificial Organs Market Expected to Exceed more than US$ 26.50 Billion by 2028 CAGR of 7.3%.
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Major Players
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
7.3%
REPORT DESCRIPTION
Bionics also referred to as biomedical implants are artificial addition to the body. These artificial implants mimic the function of the lost or non-functional part like limb or eye. Increase in geriatric population, increase in government specialise in funding R&D initiatives, and upsurge in number of patients affected by chronic diseases are expected to drive the market growth.
The global Medical Bionic Implant /Artificial Organs Market Expected to Exceed more than US$ 26.50 Billion by 2028 CAGR of 7.3%.
Furthermore, technological advancements, like the cochlear implants, with speech recognition features that help to differentiate speech in noisy and reverberant situation fuel the demand for medical bionics. Nevertheless, high cost of the devices and treatment and stringent approval process for these devices are expected to impede the market growth.
The global Medical Bionic Implant /Artificial Organs market is segregated on the basis of Product as Vision Bionics, Ear Bionics, Orthopedic Bionics, Heart Bionics, and Neural /Brain Bionics. Based on Technology the global Medical Bionic Implant /Artificial Organs market is segmented in Mechanical and Electronic.
Based on Method of Fixation, the global Medical Bionic Implant /Artificial Organs market is segmented in Implantable and Externally Worn.
The global Medical Bionic Implant /Artificial Organs market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Medical Bionic Implant /Artificial Organs market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Orthofix International N.V., Biomet, Inc, Medtronic, Inc, Cochlear Ltd., Second Sight Medical Products, Inc, Ossur, Ekso Bionics, St. Jude Medical, Inc., Abbott, Boston Scientific Corporation, and others are among the major players in the global Medical Bionic Implant /Artificial Organs market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Medical Bionic Implant /Artificial Organs Market has been segmented as below:
Medical Bionic Implant /Artificial Organs Market, By Product
Medical Bionic Implant /Artificial Organs Market, By Technology
Medical Bionic Implant /Artificial Organs Market, By Method of Fixation
Medical Bionic Implant /Artificial Organs Market, By Region
Medical Bionic Implant /Artificial Organs Market, By Company
The report covers:
Report Scope:
The global Medical Bionic Implant /Artificial Organs market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Medical Bionic Implant /Artificial Organs market share. Major industry players with significant revenue share include Orthofix International N.V., Biomet, Inc, Medtronic, Inc, Cochlear Ltd., Second Sight Medical Products, Inc, Ossur, Ekso Bionics, St. Jude Medical, Inc., Abbott, Boston Scientific Corporation, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Medical Bionic Implant /Artificial Organs Market, By Product
5.1 Introduction
5.2 Vision Bionics
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Ear Bionics
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Orthopedic Bionics
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Heart Bionics
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Neural /Brain Bionics
5.6.1 Market Overview
5.6.2 Market Size and Forecast
6. Medical Bionic Implant /Artificial Organs Market, By Technology
6.1 Introduction
6.2 Mechanical
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Electronic
6.3.1 Market Overview
6.3.2 Market Size and Forecast
7. Medical Bionic Implant /Artificial Organs Market, By Method of Fixation
7.1 Introduction
7.2 Implantable
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Externally Worn
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Medical Bionic Implant /Artificial Organs Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Medical Bionic Implant /Artificial Organs, By Product
8.2.2 North America Medical Bionic Implant /Artificial Organs, By Technology
8.2.3 North America Medical Bionic Implant /Artificial Organs, By Method of Fixation
8.3 Europe
8.3.1 Europe Medical Bionic Implant /Artificial Organs, By Product
8.3.2 Europe Medical Bionic Implant /Artificial Organs, By Technology
8.3.3 Europe Medical Bionic Implant /Artificial Organs, By Method of Fixation
8.4 Asia-Pacific
8.4.1 Asia-Pacific Medical Bionic Implant /Artificial Organs, By Product
8.4.2 Asia-Pacific Medical Bionic Implant /Artificial Organs, By Technology
8.4.3 Asia-Pacific Medical Bionic Implant /Artificial Organs, By Method of Fixation
8.5 Rest of the World
8.5.1 Rest of the World Medical Bionic Implant /Artificial Organs, By Product
8.5.2 Rest of the World Medical Bionic Implant /Artificial Organs, By Technology
8.5.3 Rest of the World Medical Bionic Implant /Artificial Organs, By Method of Fixation
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
(Overview, Key Financials, Recent Developments, Product and Service Offering)
10.1 Orthofix International N.V.
10.2 Biomet, Inc
10.3 Medtronic, Inc
10.4 Cochlear Ltd.
10.5 Second Sight Medical Products, Inc
10.6 Ossur
10.7 Ekso Bionics
10.8 St. Jude Medical, Inc.
10.9 Abbott
10.10 Boston Scientific Corporation
10.11 Cochlear Ltd.
10.12 LivaNova PLC
10.13 Medtronic plc
10.14 Orthofix Holdings, Inc.
10.15 ssur Corporate
10.16 Retina Implant AG
10.17 Sonova, SECOND SIGHT
10.18 SynCardia Systems, LLC
10.19 William Demant Holding A/S
The Medical Bionic Implant /Artificial Organs Market has been segmented as below:
Medical Bionic Implant /Artificial Organs Market, By Product
Medical Bionic Implant /Artificial Organs Market, By Technology
Medical Bionic Implant /Artificial Organs Market, By Method of Fixation
Medical Bionic Implant /Artificial Organs Market, By Region
Medical Bionic Implant /Artificial Organs Market, By Company
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