Global Artificial
Organs And Bionics Market report delivers future
development strategies, key companies, Possibility of competition, major
challenges analysis. The reports elaborate the expansion rate of the Artificial
organs and bionics market supported the highest company profile analysis. This
report providing an in-depth analysis, market size, and evaluation for the
developing segment among the Artificial organs and bionics market. Artificial
organs and bionics Market report will help you take expert decisions, recognize
opportunities, plan effective professional tactics, plan new schemes, analyse
drivers and restraints and give you a vision on the Artificial organs and
bionics Market forecast.
Industry Insights
The global artificial organs and bionics market size worth USD 38.75
billion by 2020 which is anticipated to grow at a CAGR of more than 9.3% during
the forecast period. An artificial organ is a medical device that can be
implanted or integrated in the human body for the purpose of restoring the
target function by replacing the natural organ. Biomaterials are used to
fabricate body implants or interfaces. Processing abilities which do not occur
naturally can be installed and constructed with the help of artificial organs.
The study and application of mechanics and electronics in order to replace a
part of the functional organ that is mechanically powered or limb is known as
medical bionics. A rapid development pertaining to the biomedical science field
has led to the evolution of organ transplantation. Further, new organs that are
used for humans can be artificially grown either in the lab, with the help of
stem cells, manufactured using a machine or cyborgistation, xenotransplantation
or in animals that are genetically modified.
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Key Questions Answered
·
What are the sales or revenue produced
by Artificial organs and bionics products beyond all sectors during the
forecast period?
·
What are the key trends in the Artificial
organs and bionics market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Artificial
organs and bionics market to project lucrative CAGR during the forecast
period?
All artificial organs are not used to repair the damage that is
physical, for instance, brain pacemaker helps to relieve epilepsy, shivering
caused due to the Parkinson’s disease and neural network diseases. Even though
they are expensive, artificial organs are widely used to prevent death and
enhance patient’s physiological function. There is an ongoing research in the
fields of memory, vision and information processing. Presently, researchers are
working so that they can make the bionic organs permanent along with
commissioning on sensory and natural feel of the devices in order to replicate
the original instruments and organs such as 3D printing of bionic organs,
another type of organs such as artificial skin and others are anticipated to
emerge in the future.
Owing to growing R&D expenditure new products such as bionic eye,
exoskeleton and bionic orthopedics have been developed. Growing prevalence of
acute renal failure and renal disorders because of the lifestyle of the
population, increasing organ failures due to aging and age-related disorders,
increase in accidents and injuries are expected to promote growth in the number
of people undergoing organ transplants and in turn drive market growth.
Regional Insight
On the basis of geography, the global artificial vital organs and
medical bionics market can be categorized into North America, Europe,
Asia-Pacific and Rest of the World (RoW) regions. North America accounted for
the largest market share in the medical bionic implant space and the artificial
organ, followed by Europe. The rise in population along with the rising awareness
among the patients and players is anticipated to drive the growth of the
market. In addition, growing levels of income, increase in the healthcare
expenditure, less competition as compared to the mature countries are some of
the other factors that are responsible to increase the interest of the market
players in the developing markets. Asia-Pacific region is anticipated to be the
rapidly growing segment in the future due to the rising medical tourism,
enhanced healthcare infrastructure and others.
Competitive Insights
Some of the players in the bionic implant or artificial organ market
comprises of Asahi Kasei Kuraray Medical Co. Ltd., WorldHeart Corp., Biomet
Inc., Berlin Heart Gmbh, Medtronic Inc., Lifenet Health, Jarvik Heart Inc.,
Boston Scientific Corporation, Abiomed Inc., Thoratec Corporation, Gambro AB,
Cochlear Ltd, Ekso Medical bionics, Heartware International Inc., Walk Inc.
Ossur, Sorin S.P.A., and others.
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