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Prominent Bionics Market Trend for 2025: Innovative Bionic Pancreas Systems Revolutionize Diabetes Management With Automated Insulin Delivery
What market dynamics are playing a key role in accelerating the growth of the bionics market?The growth of the bionics market is predicted to be propelled by the escalating occurrence of physical disabilities. These disabilities, which can hinder a person's ability to maneuver, complete physical tasks, or sustain physical endurance, can be due to conditions such as osteoporosis, arthritis or general physical deterioration. Bionics can improve the lives of those with physical disabilities by substituting or enhancing lacking bodily functions, thereby enhancing mobility and fostering independence. For instance, the House of Commons Library - a division of the UK parliament - reported in October 2024 that the occurrence of disability increases with age. In the 2022/23 period, around 11% of children in the UK were disabled, compared with 23% of adults of working age, and 45% of those over the State Pension age. Thus, the mounting prevalence of physical disabilities is anticipated to fuel the expansion of the bionics market.
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How will the growth rate of the bionics market shape industry trends by 2034?
In the past few years, the bionics market has experienced swift expansion. The market value is predicted to rise from $13.62 billion in 2024 to $15.01 billion in 2025, displaying a compound annual growth rate (CAGR) of 10.3%. This growth in the historical period is driven by factors such as a higher occurrence of disabilities, improvement in healthcare infrastructure, escalating healthcare costs, a growing demand for organ donors, as well as an increasing prevalence of chronic illnesses.
The market size of bionics is set to witness notable growth in the coming years, with a prediction to reach $21.9 billion in 2029, rising at a compound annual growth rate (CAGR) of 9.9%. Several factors contributing to this forecasted growth include the increasing demand for customization and personalization, a heightened commitment towards rehabilitation and the enhancement of patient's life quality, growing public knowledge and acceptance, an increase in the aged population, and a surge in the number of the geriatric populace. Future trends that are set to shape this period are the incorporation of the internet of things, advances in artificial intelligence, wireless and downsized electronics, the emergence of refined haptic and sensory technologies, and progress in energy capturing technologies.
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What trends are poised to drive the future success of the bionics market?
Leading firms in the bionics market are creating high-tech solutions, including the bionic pancreas automated insulin delivery systems, to enhance diabetes treatment by precisely resembling the performance of a healthy pancreas. The bionic pancreas automated insulin delivery system is an invention that alters insulin delivery based on accurate, real-time glucose monitoring to emulate natural pancreatic function more closely. For instance, Beta Bionics Inc., an American biotechnology firm, introduced the iLet bionic pancreas in December 2023. This innovative automated insulin delivery system is designed to streamline diabetes management. It syncs with continuous glucose monitors (CGMs) to deliver real-time glucose measurements and alter insulin delivery as needed. The system requires only limited user input, typically just the patient's weight, eradicating the necessity for intricate calculations such as insulin-to-carb ratios or correction factors. The iLet Bionic Pancreas is equipped with closed-loop capabilities that autonomously oversee insulin dosage, making it easy to use and lessening the strain on both patients and healthcare practitioners.
Which primary segments of the bionics market are driving growth and industry transformations?
The bionics market covered in this report is segmented -
1) By Types: Bionic Brain, Bionic Heart, Bionic Limbs, Bionic Vision, Exoskeleton, Other Types
2) By Fixation: Implantable Bionics, External Bionics
3) By Technology: Mechanical Bionics, Electronic Bionics
4) By Application: Healthcare, Defense
Subsegments:
1) By Bionic Brain: Neural Prosthetics, Brain-Computer Interfaces (Bcis), Deep Brain Stimulation Devices
2) By Bionic Heart: Artificial Heart, Ventricular Assist Devices (Vads), Heart Valve Prostheses
3) By Bionic Limbs: Prosthetic Arms, Prosthetic Legs, Bionic Hands And Fingers
4) By Bionic Vision: Retinal Implants, Visual Prosthetics, Bionic Eyewear
5) By Exoskeleton: Lower Body Exoskeletons, Full-Body Exoskeletons, Upper Body Exoskeletons
6) By Other Types: Bionic Ears, Bionic Skin, Bionic Organs
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Which regions are key players in the growth of the bionics market?
North America was the largest region in the bionics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bionics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the bionics market landscape?
Major companies operating in the bionics market are Boston Scientific Corporation, Zollner Elektronik AG, Sonova Holding AG, Ottobock SE & Co. KGaA, Cochlear Limited, Bioengineering Technology Inc., Össur hf, Hanger Inc., BionX Medical Technologies Inc., DarioHealth Corp., Cyberdyne Inc., Syncardia Systems LLC, AlterG Inc., Ekso Bionics Holdings Inc., MediTouch Ltd., ReWalk Robotics Ltd., Retina Implant AG, Human Engineering, Pixium Vision, Second Sight Medical Products Inc., Bionik Laboratories Corp., Neuroprosthetics Ltd., Sierra Bionics, Vincross Inc.
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What Is Covered In The Bionics Global Market Report?
•Market Size Forecast: Examine the bionics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the bionics market for a structured understanding.
•Key Players Overview: Analyze major players in the bionics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bionics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the bionics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bionics market.
•Industry Challenges: Identify potential risks and obstacles affecting the bionics market.
•Competitive Landscape: Review strategic developments in the bionics market, including expansions, agreements, and new product launches.
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