According to a new market report published by Lucintel, the future of the medical bionic implant /artificial organ market looks promising with opportunities in the hospitals, clinics, research and academic institutes. The global medical bionic implant /artificial organ market is expected to grow with a CAGR of 7% from 2019 to 2024. The major drivers for this market are increasing demand among the patients for organ transplantation, growing technological advancement in the medical technologies, increasing investments made for research and development activities by the government, growing public awareness, and advancements made in the medical bionic implant and artificial organ procedures.
In this market, vision bionics, ear bionics, orthopedic bionics, neural /brain bionics, heart bionics is the major product segments. On the basis of comprehensive research, lucintel forecasts that the heart bionics will remain the largest segment due to large global population with heart diseases. Within the medical bionic implant /artificial organ market, mechanical and electronic are the major segment by technology.
North America will remain the largest market over the forecast period due to high adoption rate of medical bionic implants. Asia Pacific is expected to witness the highest growth over the forecast period due to increasing healthcare expenditure, growing income levels, rising preference for bionics due to better and efficient recovery as compared to prosthetics.
Abiomed, Berlin Heart, Biomet, Boston Scientific, Cochlear, Edwards Lifesciences, Ekso Bionics, Heartware, Iwalk, Jarvik Heart, Lifenet Health, Med-El Elektromedizinische Geräte, Medtronic, Nano Retina, orthofix, Ossur, Otto Bock Healthcare, Second Sight Medical Products, Sonova Holdings, St. Jude Medical, Sorin, Terumo, Thoratec, Tibion, and Touch Bionics are among the major manufacturers of medical bionic implant /artificial organ market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global medical bionic implant /artificial organ market product, technology, method of fixation, end user, and region. Lucintel has prepared a comprehensive research report entitled "Global Medical Bionic Implant /Artificial Organ Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global medical bionic implant /artificial organ market by product, technology, method of fixation, end user, and region as follows:
By Product [$M shipment analysis for 2013 – 2024]:
Ear Bionics
Orthopedic Bionics
Heart Bionics
Neural /Brain Bionics
others
By Technology [$M shipment analysis for 2013 – 2024]:
By Method of Fixation [$M shipment analysis for 2013 – 2024]:
Implantable
Externally Worn
By End User [$M shipment analysis for 2013 – 2024]:
Hospitals and Clinics
Research and Academic Institutes
Others
By Region [$M shipment analysis for 2013 – 2024]:
United States
Canada
Mexico
United kingdom
Germany
France
Italy
Spain
This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
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