Medical Bionic Implant /Artificial Organs Market Size by 2022

Bionics also referred to as biomedical implants are artificial addition to the body. These artificial implants mimic the function of the lost or non-functional part like limb or eye. Increase in geriatric population, increase in government specialise in funding R&D initiatives, and upsurge in number of patients affected by chronic diseases are expected to drive the market growth.

The global Medical Bionic Implant /Artificial Organs Market Expected to Exceed more than US$ 26.50 Billion by 2028  CAGR of 7.3%.

Furthermore, technological advancements, like the cochlear implants, with speech recognition features that help to differentiate speech in noisy and reverberant situation fuel the demand for medical bionics. Nevertheless, high cost of the devices and treatment and stringent approval process for these devices are expected to impede the market growth.

The global Medical Bionic Implant /Artificial Organs market is segregated on the basis of Product as Vision Bionics, Ear Bionics, Orthopedic Bionics, Heart Bionics, and Neural /Brain Bionics. Based on Technology the global Medical Bionic Implant /Artificial Organs market is segmented in Mechanical and Electronic.

Based on Method of Fixation, the global Medical Bionic Implant /Artificial Organs market is segmented in Implantable and Externally Worn.

The global Medical Bionic Implant /Artificial Organs market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Medical Bionic Implant /Artificial Organs market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Orthofix International N.V., Biomet, Inc, Medtronic, Inc, Cochlear Ltd., Second Sight Medical Products, Inc, Ossur, Ekso Bionics, St. Jude Medical, Inc., Abbott, Boston Scientific Corporation, and others are among the major players in the global Medical Bionic Implant /Artificial Organs market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Medical Bionic Implant /Artificial Organs Market has been segmented as below:

Medical Bionic Implant /Artificial Organs Market, By Product

• Vision Bionics

• Bionic Eye  

• Ear Bionics

• Cochlear Implant

• Bone Anchored Hearing Aid (Baha) 

• Orthopedic Bionics

• Bionic Limb       

• Bionic Hand       

• Bionic Leg

• Bionic Knee  

• Bionic Feet

• Bionic Finger

• Exoskeleton      

• Electrical Bone Growth Stimulators

• Invasive Bone Growth Stimulators 

• Non-Invasive Bone Growth Stimulators 

• Heart Bionics

• Pacemaker

• Implantable Cardiac Pacemaker

• External Pacemaker

• Total Artificial Heart     

• Ventricular Assist Device

• Artificial Heart Valves   

• Mechanical Heart Valves

• Tissue Heart Valves

• Neural /Brain Bionics

• Deep Brain Stimulator  

• Vagus Nerve Stimulator

• Spinal Cord Stimulator 

Medical Bionic Implant /Artificial Organs Market, By Technology

• Mechanical

• Electronic

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Medical Bionic Implant /Artificial Organs Market, By Method of Fixation

• Implantable

• Externally Worn

Medical Bionic Implant /Artificial Organs Market, By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

Medical Bionic Implant /Artificial Organs Market, By Company

• Orthofix International N.V.

• Biomet, Inc

• Medtronic, Inc

• Cochlear Ltd.

• Second Sight Medical Products, Inc

• Ossur

• Ekso Bionics

• St. Jude Medical, Inc.

• Abbott

• Boston Scientific Corporation

• Cochlear Ltd.

• LivaNova PLC

• Medtronic plc

• Orthofix Holdings, Inc.

• ssur Corporate

• Retina Implant AG

• Sonova, SECOND SIGHT

• SynCardia Systems, LLC

• William Demant Holding A/S

The report covers:

• Global Medical Bionic Implant /Artificial Organs market sizes from 2021 to 2028, along with CAGR for 2023-2028

• Market size compariszn for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028

• Global Medical Bionic Implant /Artificial Organs market trends, covering comprehensive range of consumer trends & manufacturer trends

• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Medical Bionic Implant /Artificial Organs market

• Major market opportunities and challenges in forecast timeframe to be focused

• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management

• Comprehensive company profiles of the key industry players

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Report Scope:

The global Medical Bionic Implant /Artificial Organs market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Medical Bionic Implant /Artificial Organs market share. Major industry players with significant revenue share include Orthofix International N.V., Biomet, Inc, Medtronic, Inc, Cochlear Ltd., Second Sight Medical Products, Inc, Ossur, Ekso Bionics, St. Jude Medical, Inc., Abbott, Boston Scientific Corporation, and others.

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