Bionics Market is expected to register a CAGR of 9.5% during the forecast period (2018 - 2023)| Dominant Players - ABIOMED,ASAHI KASEI MEDICAL CO. LTD, COCHLEAR LIMITED, CYBERONICS INC., EKSO BIONICS, MEDTRONIC, amongst others

Market Analysis:

North America to Lead the Market
North America the largest share in the bionic implant space due to the rise in awareness among the players and the patients, growing income levels, increasing healthcare expenditure, and less competition than mature countries.

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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 lack of availability of potential organs to transplant has been a major issue. 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. Increased incidence of disabilities and organ failures, technological advancements and high incidence of road accidents leading to amputations are some of the other factors contributing to the growth of the market.

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Market Segments:
Bionics Market is segmented by:
1. Product: Ear Bionics, Orthopedic Bionic, Cardiac Bionics, Others
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• February 2018: Abiomed received approval for an expanded FDA indication for the Impella 2.5u00ae and Impella CPu00ae heart pumps, during elective and urgent high-risk percutaneous coronary intervention (PCI) procedures.

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