Bionics Market Anticipated to Grow at a CAGR of 9.5% between 2019 and 2024 | Global Key Players – ABIOMED, Touch Bionics, Baxter AG, Cochlear, Cyberonics, Edward Lifesciences, Ekso Bionics

Global Bionics Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Bionics report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.

Overview of the Global Bionics Market:

The report spread across 114 pages is an overview of the Global Bionics Market. These report study based on the Bionics Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Bionics Market is expected to register a CAGR of 9.5%, over the forecast period (2019 - 2024). Some of the key factors that are responsible for the growth of the market include increased incidence of disabilities and organ failures, technological advancements, and high incidence of road accidents leading to amputations.

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Furthermore, the primary factor is the scarcity of donor organs. The lack of availability of potential organs to transplant has been a major issue. The demand for organ donors is ever increasing, and is very high compared to the actual supply. It has been estimated that of out all the patients who need organ transplantation, only 10% are able to undergo the process. This has been a major boost for the bionics market, as the patients cannot afford to wait in queue since the stakes are very high. Bionics are able to cater to the needs of those in need of organ transplantations and replacements. It can replicate the function of damaged organs.

Implantable bionics held a larger share in the bionics market, in 2018, and it is expected to continue this trend during the forecasted period. This larger market share of implantable bionics is due to the increasing number of organ-failure patient base, as well as the increasing number of patients who are opting for organ transplants across the world. According to the US Government Information on Organ Donation and Transplantation, in 2017, there were 16,473 donors, 34,770 transplants, and 115,759 in the waiting list. Thus, the growing transplant waiting list cases are likely to boost the market growth.

Regionally, North America dominates the market for bionics, and is expected to continue its stronghold for a few more years. In the North American region, the United States holds the largest market share. The rising prevalence of chronic diseases and increasing demand for non-invasive surgical procedures are helping in the dominance of the North American region in bionics market. The presence of developed healthcare infrastructure is also expected to propel the market.

This comprehensive Bionics Market research report 2019 – 2024 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyses the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 ABIOMED

2 Touch Bionics Inc.

3 Baxter AG

4 Cochlear Limited

5 Cyberonics Inc.

6 Edward Lifesciences Corporation

7 Ekso Bionics

8 Becton, Dickinson and Company and More…………….

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Table of Contents:

1 Introduction

2 Global Bionics Market Research Methodology

3 Executive Summary

4 Global Bionics Market Dynamics

5 Global Bionics Market Segmentation

6 Competitive Landscape

7 Global Bionics Market Opportunities and Future Trends

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