Artificial Organs Market In 2019 With Medtronic, Cochlear, Abiomed, MED-EL, Zimmer Biomet, Berlin Heart GmbH, BionX Medical Technologies, Jarvik Heart Incorporated, Edwards Lifesciences, Ekso Bionics, HeartWare Inc, LifeNet Health

This medical bionic implant /artificial organs market research report is a complete overview of the market that spans various aspects such as product definition, customary vendor landscape, and market segmentation based on various parameters such as type of product, its components, type of management and geography. The report has wide-ranging and comprehensive medical bionic implant market insights which are based on business intelligence. The artificial organs report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

This medical bionic implant /artificial organs market report also estimates the growth rate and the market value based on market dynamics and growth inducing factors. It is a well-versed fact that competitive analysis is the major aspect of any market research report and hence many points are covered under this including strategic profiling of key players in the medical bionic implant market, analyses core competencies of key players, and draw a competitive landscape for the market. This artificial organs report is built with the careful efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.

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Global medical bionic implant /artificial organs market is expected to rise from its initial estimated value of USD 17.82 billion in 2018 to an estimated value of USD 32.21 billion by 2026 at a healthy CAGR of 6.8% in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. This healthy rise of market value can be attributed to the rising applications of the product due to the rapid technological advancements taking place in the market.

Artificial organ and implants are prosthetics or devices that are specially made to implant in human body to mimic the functioning of the original organ. The important part of such implant is for them to work exactly like a normal organ without any disruption. Bionics is a combination of electronics and biology. It is like substituting the original body organ with a robotic version.

According the National Kidney Foundation, in 2016, in the United States around 121,678 people were waiting for lifesaving organ transplants and in 2014, 17,107 kidney transplants took place in the U.S. The growth in the number of organ transplants is boosting the market growth.

Key Market Competitors: Global Medical Bionic Implant/Artificial Organs Market

Few of the major competitors currently working in the medical bionic implant /artificial organs market are ALEVA NEUROTHERAPEUTICS SA, Biocontrol Medical, Zimmer Biomet., Boston Scientific Corporation, Cochlear Ltd., Cyberonics, Inc., Ekso Bionics , LivaNova PLC, Medtronic. ,NeuroPace, Inc., Orthofix Holdings, Inc.., Ossur Corporate, SECOND SIGHT.= = LifeNet Health.., Nano Retina, Edwards LifeSciences Corporation, Terumo Corporation, Touch Bionics Inc. and Touch Bionics Limited, Tibion Corporation among others.

Market Drivers:

· Increase in number of occupational disabilities that require medical bionics is expected to drive the market.

· Increased adoption of organ transplantation and technological advancement is also expected to drive the market growth.

Market Restraints:

· High production cost and complex production process of the products is expected to restrain the market growth

· Uncertain reimbursement scenarios in different regions and lack of skilled professionals, which is expected to restrain the market growth


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Segmentation: Global Medical Bionic Implant/Artificial Organs Market

· By Product Type

o Vision Bionics

· Bionic Eye

o Ear Bionics

· Cochlear Implant

· Bone Anchored Hearing Aid (Baha)

o 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

o Heart Bionics

· Pacemaker

· Implantable Cardiac Pacemaker

· External Pacemaker

· Total Artificial Heart

· Ventricular Assist Device

· Artificial Heart Valve

· Mechanical Heart Valve

· Tissue Heart Valve

o Neural/Brain Bionics

· Deep Brain Stimulator

· Vagus Nerve Stimulator

· Spinal Cord StimulatorBy Method of Fixation

o Implantable

o Externally Worn

· By Technology

o Electronic

o Mechanical

· By Geography

o North America

· U.S.

· Canada

· Mexico

o South America

· Brazil

· Argentina

· Rest of South America

o Europe

· Germany

· France

· United Kingdom

· Italy

· Spain

· Russia

· Turkey

· Belgium

· Netherlands

· Switzerland

· Rest of Europe

o Asia-Pacific

· Japan

· China

· South Korea

· India

· Australia

· Singapore

· Thailand

· Malaysia

· Indonesia

· Philippines

· Rest of Asia Pacific

o Middle East & Africa

· South Africa

· Egypt

· Saudi Arabia

· United Arab Emirates

· Israel

· Rest of Middle East & Africa

Key Developments in the Market:

· In July 2016, PIXIUM VISION. received CE mark approval for IRISII bionic vision system. This will help to provide treatment to compensate for blindness. It is intended for patients who have lost their sight as a result of retinitis pigmentosa by using 150 electrode epi-retinal implant

· In March 2016, Cochlear Ltd., launched Cochlear Baha 5 Power and Baha 5 SuperPower that are the first and only bone conduction sound processors which are worn behind the ear. It is useful for people with high degree of hearing loss.

Competitive Analysis: Global Medical Bionic Implant/Artificial Organs Market

Global medical bionic implant /artificial organs market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical bionic implant /artificial organs market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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