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Bionics Market 2019 – Outlook by Growth Rate, Industry Size, Share, Top Key Players, and Development Factors Forecast to 2024

Bionics

The “Bionics Market” report 2019 provides a comprehensive analysis of Bionics industry by types, applications, key players and regions. It shows the Bionics market 2019-2024 by production, consumption, supply, gross margin, the revenue of the industry. Additionally, the Bionics market report covers the details of market size, share, and growth rate of the market with respect to regions.

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Competitor Analysis:

Bionics market includes the following leading manufacturers on the basis of sales, revenue, price, and gross margin.

  • ABIOMED
  • Touch Bionics Inc.
  • Baxter AG
  • Cochlear Limited
  • Cyberonics Inc.
  • Edward Lifesciences Corporation
  • Ekso Bionics
  • Becton, Dickinson and Company
  • Medtronic PLC

    Market Overview:

  • The bionics market is expected to register a CAGR of 9.5%, over the forecast period. 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. Another 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. The replication is almost the same. This level of scarcity of organs has turned into a boon for artificial organs and the bionics industry
  • However, the factors, such as the fear of device malfunction and its consequences, among others, may impact the market growth.

    Bionics market report presents in-depth analysis regarding the development, current trends, industry policies and regulations implemented in each of the geographical region. It includes analysis of upstream raw materials, downstream demand, and current market dynamics. Furthermore, the Bionics market report provides in-depth insight of Bionics industry during 2019-2024.

    Scope of the Report:

  • Bionics are man-made devices that can be implanted or integrated into humans, to either replace a natural organ or provide support to restore specific function, or a group of related functions, helping the patient to return to his normal life.

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    Key Market Trends:

    Implantable Bionics are Estimated to Hold a Major Share in the Fixation Type Segment of the Bionics Market

    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.

    North America Dominates the Market and is Expected to Do Same during the Forecast Period

    Currently, 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.

    Reasons to Buy Bionics Market Report:

    • Analysis of Bionics market including revenues, future growth, market outlook
    • Historical data and forecast of Bionics industry
    • Bionics market report covers regional analysis including growth estimates
    • To analyze the end user markets including growth estimates
    • Profiles on laboratory balance including products, sales/revenues, and market position
    • Includes Bionics market structure, market drivers, opportunities, and restraints.

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    Bionics Market Report Covers the Following Questions:

    • What trends, challenges and barriers are influencing its growth?
    • What is the and regional outlook for Bionics market?
    • Who are the key players, and what are their strategies?
    • What is the status of Bionics status worldwide?
    • What are the Bionics market challenges to market growth? 
    • What are the Bionics market challenges to market growth? 
    • What are the types and applications of Bionics?
    • What is the market share of each type and application? 

    Detailed TOC of Bionics Market 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increased Incidence of Disabilities and Organ Failures
    4.2.2 Technological Advancements
    4.2.3 High Incidence of Road Accidents Leading to Amputations
    4.3 Market Restraints
    4.3.1 Expensive Procedures
    4.3.2 Fear of Device Malfunction and Its Consequences
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Bionics
    5.1.1 Vision Bionics
    5.1.2 Ear Bionics
    5.1.2.1 Cochlear Implant
    5.1.2.2 Bone-anchored Hearing Aid (BAHA)
    5.1.3 Orthopedic Bionic
    5.1.3.1 Bionic Hand
    5.1.3.2 Bionic Leg
    5.1.4 Cardiac Bionics
    5.1.4.1 Heart Valves
    5.1.4.2 Ventricular-assisted Device
    5.1.4.3 Pacemaker
    5.1.4.4 Other Cardiac Bionics
    5.2 By Fixation
    5.2.1 Implantable Bionics
    5.2.2 External Bionics
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 ABIOMED
    6.1.2 Touch Bionics Inc.
    6.1.3 Baxter AG
    6.1.4 Cochlear Limited
    6.1.5 Cyberonics Inc.
    6.1.6 Edward Lifesciences Corporation
    6.1.7 Ekso Bionics
    6.1.8 Becton, Dickinson and Company
    6.1.9 Medtronic PLC

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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