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Medical Bionic Implant/Artificial Organs Market 2023: By Top Key Players, Competitive Strategies, Regional Growth And Outlook By 2032
Medical Bionic Implant/Artificial Organs Market
The Business Research Company's Medical Bionic Implant/Artificial Organs Global Market Report 2023 identifies rise in road accidents and injuries as the major driver for the Medical Bionic Implant/Artificial Organs market's growth in the forecast period. Road accidents and injuries refer to an incident on a public road that results in accidents and causing injuries to the victim. Artificial organ and tissue replacements are performed to repair organ damage that is primarily brought on by traumatic events including vehicle accidents, violent crimes, work-related injuries, or challenging births.
The global medical bionic implant/artificial organs market size is expected to grow from $21.03 billion in 2022 to $22.69 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical bionic implant/artificial organs market size is expected to grow to $29.61 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the Medical Bionic Implant/Artificial Organs market are Medtronic PLC, Boston Scientific Services Private Limited., Abbott Laboratories Inc., Zimmer Biomet Holdings Inc., Ekso Bionics Holdings Inc.
A key trend in the Medical Bionic Implant/Artificial Organs market includes Strategic partnerships. Many companies operating in the medical bionic implant /artificial organs market are undergoing partnerships to strengthen their position in the market. For instance, in September 2021, Bionic Vision Technologies (BVT), an Australia-based company operating in artificial organs partnered with Cirtec Medical, a US-based provider of outsourced medical device and components design, engineering, and manufacturing for an undisclosed amount.
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The Medical Bionic Implant/Artificial Organs market is segmented -
• By Type: Bionic Implants, Artificial Organs
• By Method Of Fixation: Implantable, Externally Worn
• By Technology: Electronic, Mechanical
• By Application: Hospitals, Clinics, Research and Academic Institutes, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Medical Bionic Implant/Artificial Organs market.
The Business Research Company's "Global Medical Bionic Implant/Artificial Organs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Bionic Implant/Artificial Organs Market Include:
1. Executive Summary
2. Medical Bionic Implant/Artificial Organs Market Characteristics
3. Medical Bionic Implant/Artificial Organs Market Trends And Strategies
4. Medical Bionic Implant/Artificial Organs Market - Macro Economic Scenario
5. Medical Bionic Implant/Artificial Organs Market Size And Growth
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26. Africa Medical Bionic Implant/Artificial Organs Market
27. Medical Bionic Implant/Artificial Organs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Bionic Implant/Artificial Organs Market
29. Medical Bionic Implant/Artificial Organs Market Future Outlook and Potential Analysis
30. Appendix
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