Global Bionics Market - Expected to Reach $18.5 Billion by 2022 - Research and Markets

DUBLIN--()--The "Global Bionics Market - by Type, Application, Technology, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.

The global bionics market was USD 8.13 billion in 2016 and will reach USD 18.51 billion by 2022 at a CAGR of 14.7% over the forecasted period.

North America dominates the market with share of more than 40% followed by APAC. The dominance is expected to continue during the forecasted period as well due to the presence of the major bionic companies such as Baxter International, Inc, Abiomed, Inc and Medtronic Plc. Developing countries such as India and China are expected to push the market for growth in future.

Increasing demand for artificial organs in the healthcare sector is the major factor driving the global market. In addition, the aging population is aiding the growth. The rising number of accidents resulting in amputations or paralysis has driven bionic limbs to become the largest product segment in the overall bionics market. Furthermore, the bionics are also being applied in the defense sector in the form of exoskeleton suits which enables a soldier to carry heavy loads without reducing his or her speed in the battlefield.

On the other hand, the bionic organs are very costly and cannot be afforded by everyone. Moreover, the development of the bionics organs involves extensive research and development which can only be funded by governments. These factors re restraining the growth of the market.

Companies Mentioned

  • Abiomed, Inc
  • Asahi Kasei Medical Co. ltd
  • Baxter International
  • EKSO Bionics
  • Medtronic Plc
  • Nikkiso Co. Ltd.
  • Ottobock Healthcare
  • Sonova Holding AG
  • SynCardia Systems, Inc.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Bionics market Segmentation, Forecasts and Trends - by Revenue

6. By Type

7. By Application

8. By Technology

9. By Region

10. Vendor Market Share Analysis

11. Company Profiles

12. Industry Structure

13. Global Bionics market - Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/wchlsr/global_bionics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Biomaterials

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Biomaterials