Medical Bionic Implant - An Insight on the Important Factors &Trends Influencing the Industry By 2020

In medicine, a bionic refers to an artificial robotic body part. Bionic implanting is a method of replacing or enhancing the functionality of an organ by replacing it with robotic part(s). With the advent of improved technology, it has become possible to implement the use of robotics in human organs. The medical bionic implants market is advancing and has witnessed growth in the last two decades and is expected to grow further in the future.

Recent Study by TMR: http://bit.ly/1SaMst0

A new research study by Transparency Market Research (TMR) on the global medical bionic implant market states that the increasing incidence of organ failure and accidents and injuries leading to organ amputations are the key factors fueling the demand for medical bionic implants in the global arena.

The global bionic implant market is segmented into a variety of categories based on type of product, technology used, and the type of implant. It includes -
Heart Bionics
Orthopedic Bionics
Ear Bionics
Vision Bionics
Medical bionics which includes artificial kidneys, bio-lungs and artificial pancreas

People all over the world suffer from various disorders related to a variety of body organs. Increase in population, road accidents, and the global aging population are some of the factors driving this market. With rising incomes and expenditure on healthcare services, the demand for such replaceable organs increased and currently this market holds great potential. However, some of the factors which restrain the growth of this technology are the high cost of treatment, expensive devices, and limited surgical expertise. Countries like the U.S., the U.K. and many others are heavily funding research and development of this technology. Doctors have successfully implanted bionic parts for eyes, arms, and kidneys. Asia-Pacific and the rest of the world hold huge potential for this market.

Some of the major companies in this market are LifeNet Health U.S., Terumo Corporation, Össur U.S.., EKSO Bionics, Nano Retina Inc., Israel, Second Sight Medical Products, Edwards LifeSciences Corporation, Medtronic Inc. Tibion Corporation, Touch Bionics Limited, Otto Bock Healthcare, Orthofix International U.S.A., and the Boston Scientific Corporation among others.

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