(PharmaNewsWire.Com, January 09, 2017 ) According to the report " Artificial Organs and Bionics by Product (Artificial Organs, Bionics), by Technology (Electronic bionics, Mechanical bionics), by Type of fixation (Implantable, externally worn), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021) ", published by Market Data Forecast, the global market is projected to reach USD 29.12 billion by 2021, at a CAGR of 9.5% from 2016 to 2021.
Artificial organs are mechanical devices that can temporarily or permanently substitute for a body organ. Bionics provides support and can be both implantable and externally worn to restore certain bodily functions.
The market is mainly driven due to increasing organ failure owing to aging and age-related disorders, increasing accidents and injuries leading to amputations, and rise in number of people awaiting organ transplants. But, the market growth is restrained due to high cost of organ transplant procedure and price of medical bionics.
By Product Artificial Organs Bionics By Technology Electronic bionics Artificial Heart Artificial Kidney Artificial liver Artificial pancreas Artificial lungs Mechanical bionics Vision bionics Ear bionics Orthopedic bionic Cardiac Bionics Brain bionics By Type of fixation Implantable Externally worn Geographically, the market for Artificial Organs and Bionics is segmented as below: North America Artificial Organs and Bionics Market Europe Artificial Organs and Bionics Market Asia-Pacific Artificial Organs and Bionics Market Latin America Artificial Organs and Bionics Market Middle-East and Africa Artificial Organs and Bionics Market
Orthofix International N.V., Biomet, Inc., Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc., Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Jarvik Heart Inc. are the major players of Global Artificial Organs and Bionics market.
Scope of the Artificial Organs and Bionics Market Report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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