Medical Bionics Market at a 7.05% of CAGR With USD 26.49 Billion By 2023 | Major Key Players: Edwards Lifesciences, Cochlear Limited, St. Jude Medical, iWalk, Second Sight Medical, Ekso Bionics, Össur, Boston Scientific, Medtronic and LifeNet Health Inc

This study provides insights about the Medical Bionics Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.

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Industry Outlook and Trend Analysis:
Medical Bionics Market was worth USD 14.35 billion in 2014 and is expected to reach approximately USD 26.49 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.05% during the forecast period. Bionics is a term which alludes to the stream of ideas from engineering to biology and the other way around. In medicine, bionics implies the substitution or improvement of organs or other body parts by mechanical adaptations. Bionic implants vary from unimportant prostheses by copying the first capacity intently, or even outperforming it. Bionics otherwise called biomedical implants is artificial extension to the body. These artificial inserts emulate the functions of the lost or non-utilitarian body part, for example, eye or limb. Ascend in aged populace, increment in government focus for subsidizing R&D activities, and upsurge in number of patients experiencing interminable diseases are foreseen to drive the market development.

Major Key Players:
The leading players in the market are Edwards Lifesciences, Cochlear Limited, St. Jude Medical, iWalk, Second Sight Medical, Ekso Bionics, Össur, Boston Scientific, Medtronic and LifeNet Health Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Market Segmentation:
The Medical Bionics Market is segmented on the basis of products into Orthopedic Bionics, Heart Bionics, Ear Bionics, Neural Bionics and Vision Bionics out of which the heart bionics held lucrative share in 2013 as a result of high predominance of cardiovascular issue. Ear bionics or cochlear inserts are anticipated to increase significant share of the overall industry amid the figure time frame. Based on application the market is segmented into External Bionics, Implantable Bionics.

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Regional Outlook and Trend Analysis:
North America is the most developed market. Interest for technologically propelled products combined with solid R&D activities by the administration and high patient awareness levels in this locale is foreseen to help the market development significantly. Asia Pacific area is foreseen to encounter wellbeing development amid the figure time frame.

Drivers and Restraints:
Developing geriatric populace base combined with quick advancements in the technology is the main driving element the medicinal bionic market. Developing interest for bionics over prosthetics attributable to benefits, for example, productive and enhanced recovery of the patients is the high effect rendering driver for the development of the market. Besides, the expanding number of organ failures, hearing loss, accidents, cataracts, hearing misfortune, cardiovascular diseases and arthritis, are foreseen to impel the market development. The makers of medicinal bionic inserts are associated with creating bionic products, for example, bio-lung, wearable fake kidney and counterfeit pancreas which is anticipated to additionally support the general market.

The Medical Bionics Market is segmented as follows-
By Product: Orthopedic Bionics, Heart Bionics, Ear Bionics, Neural Bionics & Vision Bionics

By Application External Bionics & Implantable Bionics

By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)

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Major ToC of Medical Bionics Market:
Part 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Part 2. Executive Summary
2.1. Key Highlights

Part 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

Part 4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2014-2023)
4.3.2. Japan Market States and Outlook (2014-2023)
4.3.3. Korea Market States and Outlook (2014-2023)
4.3.4. India Market States and Outlook (2014-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2014-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2014-2023)
4.4.2. Argentina Market States and Outlook (2014-2023)
4.4.3. Columbia Market States and Outlook (2014-2023)
4.4.4. Rest of South America Market States and Outlook (2014-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2014-2023)
4.5.2. UAE Market States and Outlook (2014-2023)
4.5.3. Egypt Market States and Outlook (2014-2023)
4.5.4. Nigeria Market States and Outlook (2014-2023)
4.5.5. South Africa Market States and Outlook (2014-2023)
4.5.6. Rest of MEA Market States and Outlook (2014-2023)

Part 5. Medical Bionics Market, By Product
5.1. Introduction
5.2. Global Medical Bionics Sales, Revenue and Market Share by Product (2014-2018)
5.2.1. Global Medical Bionics Sales and Sales Share by Product (2014-2018)
5.2.2. Global Medical Bionics Revenue and Revenue Share by Product (2014-2018)
5.3. Heart Bionics
5.3.1. Global Heart Bionics Sales and Growth Rate (2014-2018)
5.4. Orthopedic Bionics
5.4.1. Global Orthopedic Bionics Sales and Growth Rate (2014-2018)
5.5. Ear Bionics
5.5.1. Global Ear Bionics Sales and Growth Rate (2014-2018)
5.6. Vision Bionics
5.6.1. Global Vision Bionics Sales and Growth Rate (2014-2018)
5.7. Neural Bionics
5.7.1. Global Neural Bionics Sales and Growth Rate (2014-2018)

...CONTINUED FOR TOC

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