DUBLIN–(BUSINESS WIRE)–The “Global
Medical Bionics Market Size, Market Share, Application Analysis,
Regional Outlook, Growth Trends, Key Players, Competitive Strategies and
Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s
The global medical bionics market was valued at US$ 16,538.9 Mn in 2017,
and is expected to reach US$ 36,818.2 Mn by 2026 expanding at a CAGR of
9.22% from 2018 to 2026.
Pharmaceutical and biotechnology industries are currently engaged in the
development of novel treatment options such as nanobionics and
nanobiomimetics to replace conventional methods for the treatment of
chronic diseases. The challenges encountered in the neural bionics are
the development of a two-way interface in the neural circuits and
distributed system architectures. Medical device manufacturers are
currently emphasizing on understanding the principles and mechanism that
govern the nature of several species in order to develop novel medical
Heart bionics is the leading market in products segment as a result of
growing prevalence of cardiac complications such as valvular stenosis
and congenital heart disease. Ear bionics is set to register a
significant growth over the forecast period due to rising prevalence of
conductive hearing loss related to otitis media infection and
Implantable medical bionics currently dominate the application market on
account of the increasing demand for minimal invasive and long term
therapy offered with enhanced biocompatibility, mechanical stability and
corrosion resistance. External bionics will be the fastest growing
market attributed to the increasing number of accidents leading to limb
Rising prevalence of chronic diseases and increasing demand for
noninvasive surgical procedures contribute to the dominance of North
America in medical bionics market. Technological advancement in the
design and function of medical bionics by the key players have a
positive influence on the medical bionics market of North America.
Emergence of local players manufacturing medical bionics has created
competitive market for medical bionics in Asia Pacific. Supportive
regulatory environment for the approval of products in Asia Pacific
drives its medical bionics market.
Key Market Movements:
Increasing investment in the R&D segment of medical device
manufacturers to develop novel medical bionic devices for treatment of
- Supportive regulatory environment for medical bionic products
Technological advancement in the integral circuit design of the
implantable devices to drive the medical bionics market during the
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Medical Bionics Market: Dynamics and Future Outlook
3.1. Market Overview
3.5. Porter’s Five Forces Analysis
3.6. Attractive Investment Proposition, by Geography
3.7. Top 3 Countries: Global Medical Bionics Market, 2016-2026 (US$ Mn)
3.8. Competitive Landscape: Global Medical Bionics Market, by Key
Players, 2016-2026 (US$ Mn)
Chapter 4. Global Medical Bionics Market, by Product, 2016 –
2026 (US$ Mn)
4.2. Heart Bionics
4.3. Orthopedic Bionics
4.4. Ear Bionics
4.5. Vision Bionics
4.6. Neural Bionics
Chapter 5. Global Medical Bionics Market, by Application, 2016 –
2026 (US$ Mn)
5.2. Implantable Bionics
5.3. External Bionics
Chapter 6. Global Medical Bionics Market, by Geography, 2016 –
2026 (US$ Mn)
Chapter 7. Company Profiles
- Boston Scientific Corporation
- BionX Medical Technologies, Inc.
- Cochlear Ltd.
- Edward Lifesciences Corporation
- Ekso Bionics Holdings, Inc.
- LifeNet Health, Inc.
- Medtronic Plc.
- Second Sight Medical Products, Inc.
- St. Jude Medical, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/2q2npr/global_medical?w=4
Laura Wood, Senior Manager
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
For GMT Office Hours Call +353-1-416-8900