Bionics Market is estimated to grow at a significant CAGR during the forecast period. The rising demand for organ transplantation and a large increase in neurostimulation treatments are two key factors driving market expansion. Because of the expanding number of patients with heart failure, renal failure, and liver disease, the need for organ transplantation has increased dramatically. According to Health Resources and Services Administration (HRSA), in the US, around 39 thousand transplants were performed in 2020.
The growing shortage of organs has fueled demand for artificial organs, that offer support to patients, improve their survival rates, and minimize the complications associated with organ rejection while obtaining organs from both living and deceased donors. There are several companies involved in the manufacturing of artificial heart valves, which include Abbott Laboratories, Edwards Lifesciences Corp., and Boston Scientific Corp.
The global bionics market is classified into product, type of fixation, technology, and application. Based on the product, the market is classified into bionic heart, bionic orthopedic, bionic brain, bionic vision, bionic ear, and others. Based on the type of fixation, the market is classified into externally worn and implantable. Based on technology, the market is classified into electronic bionics and mechanical bionics. Based on application, the market is classified into healthcare, defense, and industrial.
The global bionics market is classified into four major regions, including North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2018, North America witnessed a significant share in the market owing to the increasing number of heart failures, rising geriatric population, and increasing spinal cord injuries in the region. About 6.2 million adults in the United States suffered heart failure. In 2018, heart failure was mentioned on 379,800 death certificates (13.4%).
To Request a Sample of our Report on Bionics Market: https://www.omrglobal.com/request-sample/bionics-market-share
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2022-2030
- Segment Covered
Competitive Landscape: Abbott Laboratories, Medtronic plc, Boston Scientific Corp., Ekso Bionics, and Lockheed Martin Corp., among others.
A full Report of Bionics Market is Available at: https://www.omrglobal.com/industry-reports/bionics-market-share
Bionics Market by Product
Bionic Heart
- Artificial Heart Valve
- Total Artificial Heart
- Ventricular Assist Device
- Pacemaker
Bionic Orthopaedic
- Exoskeleton
- Hand
- Leg
- Others
Bionic Brain
- Deep Brain Stimulators
- Spinal Cord Stimulators
- Transcutaneous Electric Nerve Stimulation
- Vagus Nerve Stimulators
- Others
Bionic Vision
- Bionic Ear
- Cochlear Implants
- Auditory Brainstem Implants
- Bone Anchored Hearing Aid (BAHA)
- Others
By Type of Fixation
- Externally Worn
- Implantable
By Technology
- Electronic Bionics
- Mechanical Bionics
By Application
- Healthcare
- Defense
- Industrial
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bionics-market-share
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
