Artificial Organs Market By 2025:Medtronic, Zimmer Biomet, Abiomed, MED-EL, Cochlear, Edwards Lifesciences, Ekso Bionics, Berlin Heart GmbH, BionX Medical Technologies, Jarvik Heart Incorporated, HeartWare Inc, LifeNet Health
Artificial organs industry accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025, Globally. Artificial organs market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Report Forecasting Regional and Global Analysis on Medical Bionic Implant/Artificial Organs Market by Product (Vision Bionics, Ear Bionics, Orthopedic Bionics, Heart Bionics, Neural/Brain Bionics), By Technology (Electronic Bionics, Mechanical), By Type of Fixation (Externally Worn & Implantable) and Geography.
Polyurethane additives are commonly used in insulation panels, single-component foam, spray foam, and pipe insulation. Insulation panels made of polyurethane additives provide high energy & thermal insulation and are chemical resistant, making them ideal for both external and internal insulation. There is a growing demand for polyurethane additives in automotive, building & construction, and bedding & furniture activities which is expected to be one of the major drivers of the market over the next seven years. Some of the major players operating in artificial organs market are
· Berlin Heart
· Zimmer Biomet
· Cochlear Ltd
· Edwards Lifesciences Corporation
· Ekso Bionics
· BionX Medical Technologies, Inc
· Jarvik Heart, Inc
· LifeNet Health
Other Players are MED-EL, Medtronic, Rainbow Medical Group, Össur Americas, Orthofix Holdings, Inc., Ottobock, SECOND SIGHT, Abbott, Sonova, LivaNova PLC, Terumo Corporation, PixelMEDIA, AlterG, Inc., Touch Bionics Inc. and Touch Bionics Limited and Boston Scientific Corporation among others. The artificial organs market is highly fragmented and is based on new product launches and clinical results of products. Hence the major medical bionic implant/artificial organs market players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Bionics is combination of biology and electronics. Implants or artificial organs are special type of devices or prosthetics which are implanted in human body to reproduce the function original organ.
· The vital necessity of such organ is to function as normal organ.
· Medical bionics are substitute or improvement of other body parts with robotic versions.
· Medical bionic implants are diverse from artificial organ, they impersonate original function very thoroughly or even do better than it.
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Major market drivers and restraints: Global Medical Bionic Implant/Artificial Organs Market
· Technological advancements in bionics implants
· Rise in organ failure due to aging & age-related disorders
· Increasing accidents & injuries leading to amputations
· Rise in the cases of organ transplants
· High prices of devices
· Severe reimbursement procedures
· Lack of skilled professionals
Market Segmentation: Global Medical Bionic Implant/Artificial Organs Market
· The medical bionic implant/artificial organs market is segmented by product into
· Vision Bionics
· Ear Bionics
· Orthopedic Bionics
· Heart Bionics
· Neural/Brain Bionics
· Vision bionics is sub segmented into bionic eye.
· Ear bionics is sub segmented into
· Cochlear Implant
· Bone Anchored Hearing Aid (BAHA)
· Orthopedic bionics is sub segmented into
· Bionic Limb
· Bionic Finger
· Electrical Bone Growth Stimulators
· Bionic limb is further segmented into bionic hand and bionic leg.
· Bionic leg is again sub segmented into bionic knee and bionic feet.
· Electrical bone growth stimulators are sub segmented into invasive bone growth stimulators and non-invasive bone growth stimulators.
· Heart bionics is sub segmented into
· Total Artificial Heart
· Ventricular Assist Device
· Artificial Heart Valve
· Pacemaker is further sub segmented into
· Implantable Cardiac Pacemaker
· External Pacemaker
· Artificial heart valve is further sub segmented into mechanical heart valve and tissue heart valve.
· Neural/brain bionics is further sub segmented into
· Deep Brain Stimulator
· Vagus Nerve Stimulator
· Spinal Cord Stimulator
· By technology the market is segmented into
· Electronic bionics
· By type of fixation the market is segmented into
· Externally worn
· On the basis of geography, medical bionic implant/artificial organs market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
· North America is expected to dominate the market.
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