Global Bionics Market Analysis Segmented By Product & Geography, With Forecasts To 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Bionics Market - Segmented by Product and Geography - Growth, Trends, and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

Bionics are man-made devices that can be implanted or integrated into humans, to either replace a natural organ or provide support to restore specific function, or a group of related functions, helping the patient to return to his normal life. The global bionics market is expected to register a CAGR of 9.5% during the forecast period (2018 - 2023).

The lack of availability of potential organs to transplant has been a major issue. The demand for organ donors is ever increasing and is very high, when compared to the actual supply. It has been estimated that of all the patients who need organ transplantation, only 10% are able to undergo the process. This has been a major boost for bionics market, as the patients cannot afford to wait in the queue, since the stakes are very high.

Bionics are able to cater to the needs of those in need of organ transplantations and replacements. Bionics can replicate the function of damaged organs. The replication is almost the same. This level of scarcity of organs has turned into a boon for artificial organs and bionics industry.

The cost of the procedure is a major constraint for the bionics market. The high cost of these organs is due to the production policies to address the patients, taxpayers, and medical technology corporations. For instance, organ transplant has many issues in the current market scenario, such as the policies for procurement, transplant tourism, organ trafficking, and others.

Companies Mentioned

  • ABIOMED
  • ASAHI KASEI MEDICAL CO. LTD
  • BAXTER INTERNATIONAL INC.
  • COCHLEAR LIMITED
  • CYBERONICS INC.
  • EDWARD LIFESCIENCES
  • EKSO BIONICS
  • ROCHE HOLDING AG
  • MEDTRONIC

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Drivers, Restraints, Opportunities, and Challenges Analysis (Droc)

7. Market Segmentation

8. Competitive Landscape

9. Key Players

10. Future of the Market

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Contacts

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Related Topics: Biomaterials

Contacts

ResearchAndMarkets.com
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