Medical Bionic Implant Market: North America is expected to dominate the market

Bionic is an artificial electrically/mechanically powered device which is a replacement or an enhancement for impaired body organs. Bionics are designed to perform the function of damaged or diseased organs. Bionics are a combination of biology and electronics. Medical bionic implants have advantages over traditional prostheses such as less fatigue, discomfort, and real-time control. Medical bionic implants imitate the original function of an impaired organ or even perform better than it.

Request Brochure of Report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1073

There are different options available for the treatment of organ disability such as auto grafts, xenografts, or allografts. But each option has its drawbacks such as invasive surgeries, organ transplant rejection, and scarcity of donors. In these scenarios, bionic implants can be the optimal option. Ekso Bionics in collaboration with 3D Systems has developed a 3D-printed robotic suit called the Esko to help patients overcome paralysis. This bionic exoskeleton suit helps patients who have lost the ability to walk due to stroke, injury, or developmental conditions such as cerebral palsy. Moreover, the concept of bionics is applied in other fields such as the defense to build exoskeletons, which can be worn by soldiers. These exoskeleton suits or bionic suits help them to carry heavy loads and improve their mobility in the battle field. Bionic devices are being developed with various features such as printed prostheses with anatomically correct shapes along with cosmetic details and smartphone controlled commands.

Request for Analysis of COVID-19 Impact on Medical Bionic Implant Market –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1073

People all over the world suffer from vascular diseases, including diabetes and peripheral arterial diseases, which increase the chances of amputations. In the U.S., there are about two million people who are living with limb loss. Among those, 54% of limb loss is caused by vascular diseases, including diabetes and peripheral arterial diseases, trauma (45%), and cancer (less than 2%). Increasing population, rising road accidents, and growing global aging population are some of the factors driving the market for medical bionic implant. Rising incomes and expenditure on health care services have increased the demand for replaceable organs, and currently this market holds high potential. However, factors such as high cost of treatment, expensive devices, fear of malfunction of devices, and limited surgical expertise are restraining the growth of the market. Countries such as the U.S. and the U.K. are extensively funding the 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 are projected to expand at high growth rates in the near future.

Buy Medical Bionic Implant Market Report at –

https://www.transparencymarketresearch.com/checkout.php?rep_id=1073&ltype=S

The global medical bionic implant market is segmented into a variety of categories based on product type, which are listed below.

Heart Bionics:

• Ventricular assist device
• Total artificial heart
• Artificial heart valve
• Pacemaker

Orthopedic Bionics:

• Bionic hand
• Bionic leg
• Bionic limb

Ear Bionics:

• Bone anchored hearing aid
• Cochlear implant

Vision Bionics:

• Bionic eye

Neural/Brain Bionics:

• Deep brain stimulator
• Vagus nerve stimulator
• Spinal cord stimulator

Others:

• Medical bionics which include artificial kidneys
• Bio-lungs
• Artificial pancreas

In terms of fixation type, the global medical bionic implant market is classified into externally worn and implantable based.

Geographically, the global market is distributed over North America, Asia Pacific, Europe, and rest of the world. North America is leading the global market for bionics and is expected to dominate the market during the forecast period. The region's market dominance is due to the presence of major bionic vendors such as Baxter International Inc., Abiomed, Inc., and Medtronic plc. 

Major market players operating in the global medical bionic implant market are Touch Bionics Inc., Ekso Bionics Holdings, Inc., Cochlear Ltd., LifeNet Health Inc., Sonova, Otto Bock Inc., Medtronic plc, Edwards Lifesciences Corporation, HeartWare, Orthofix Holdings, Inc., and BionX Medical Technologies, Inc.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/