2014

Global Medical Bionic Implants Market Worth $17.82 Billion by 2017

DALLAS, November 30, 2012 /PRNewswire/ --



The "Medical Bionic Implants Market [Vision, Brain, Heart, Orthopedic & Ear] - Trends & Global Forecasts to 2017" analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Browse 127market data tables and 14 figures spread through 298 pages and in-depth TOC of "Medical Bionic Implants Market [Vision, Brain, Heart, Orthopedic & Ear] - Trends & Global Forecasts to 2017".
http://www.marketsandmarkets.com/Market-Reports/medical-bionic-implant-market-908.html
Early buyers will receive 10% customization on reports.

This report studies the global medical bionic implants market over the forecast period of 2012 to 2017.

Bionics involves the study of biological systems in order to develop artificial systems that can replicate their functions. Bionic implants are mechanical or electronic systems that function like living organisms or parts of living organisms. Bionics, when extended to the field of medicine, seeks to replace or enhance organs or parts of the human body using artificial prosthesis. The market is expected to grow at a CAGR of 7.1% from 2012 to 2017 to reach $17.82 billion by 2017.

The global medical bionic implants market is divided into five categories based on the type of products, technology used, and type of fixation. It includes vision bionics, ear bionics, orthopedic bionics, heart bionics, and neural/brain bionics. Medical bionics in pipeline include wearable artificial kidney, bio-lung, and artificial pancreas. The technology segment comprises of electronic and mechanical bionics, while medical bionic implants are classified as externally worn and implantable based on the type of fixation.

The medical bionic implants market has witnessed a myriad of technological advancements over the past two decades. It is expected that this trend will continue in the future in a bid to solve present challenges and fill unmet needs of the market. Manufactures are now focusing on the development of bionic implant products such as wearable artificial kidney, bio-lung, and artificial pancreas for diseases that cannot be cured with alternative treatment methods.

Increasing organ failure owing to aging and age-related disorders, increasing accidents and injuries leading to amputations, and rise in number of people awaiting organ transplants are the major drivers slated to propel the growth of this market. However, a few pivotal factors restraining growth are the high cost of devices and uncertain reimbursement scenarios in different regions, limited surgical expertise, and high cost of development.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices [ http://www.marketsandmarkets.com/medical-device-market-research-11.html ], pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com


http://www.marketsandmarkets.com
MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
http://twitter.com/marketsmarkets
http://www.facebook.com/MarketsandMarkets
http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets



More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.