Future of Bionics

  • ID: 4234967
  • Report
  • Region: Global
  • 47 Pages
  • Frost & Sullivan
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Evaluating the Technology’s Role in Driving Strategic Transformation within the Global Bionics Industry

This Research Service (RS) offers a strategic perspective on the global emerging industry of bionics technologies. This research service is segmented into three chapters, with the first two focusing on analysis of the top trends from both technology and end-user perspectives. The third chapter brings out the competitive landscape, focusing on strategic scenarios within the industry, reviewing the roles and strategies of both existing and emerging participants in the global market.

Key questions answered in this research service:

  • What is the role played by NPD (new product development) and research initiatives in improving the overall adoption of bionic technologies?
  • What are the ongoing shifts in the healthcare needs which are largely driving research and development of bionic prosthetics?
  • What are the potential technology-enabled business models that could be explored by existing competitors, and new players entering into the global industry for the bionic prosthetics?
  • Investments in bionic technologies are expected to increase. What are the strategic priorities of existing and new participants in developing the global market?
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1. Executive Summary
  • Scope of Research
  • Research Methodology
  • Key Findings: Manufacturers Focus on Sourcing Parts and Components from Single-source Suppliers
  • Key Findings: Translation of Cost-reduction Efforts to Drive Reimbursement Is Critical for Top-line Growth
  • Key Findings: Investing in Creating and Acquiring Innovative IP Is Vital to Current Competitive Landscape
2. Technology Segmentation and Analysis
  • Market for Neuromodulation and Cochlear Implants is Highly Competitive with High Barriers for Entry
  • Rapid Adoption of 3D Printing as a Feasible Manufacturing Method for Orthopedic Bionic Devices
  • Increasing Investments in Bionics Research Help in Addressing Technological Challenges Facing the Industry
  • Channel Growth Efforts Focus on Expanding Clinical Application Bionics through Well-funded Clinical Trials
3. End-user Segmentation and Analysis
  • Bionic Devices for COPD Are among the Newly Targeted Application of Bionic Prosthetics
  • Artificial Pancreas: A Clinical Application of Bionics that Is Poised for High Commercial Impact
  • Social Media Plays a Key Role in Increasing the Adoption of Cochlear Implants and Other Bionic Prosthetics
  • Vision Bionics, Such as Artificial Retinal Implants, Offers Most Value that Is Sought After by Patients
4. Competitor Segmentation and Analysis
  • Competitive Advantages of Bionic Devices over Drug Therapies or Other Therapy Types Are Less
  • Selecting the Right Partners for Conducting Clinical Trials Plays a Key Role in Addressing Few Barriers to Market Entry
  • Manufacturers Need to Prioritize Customer Needs during Product Design and Development Stages
  • Bionics for Rehabilitation, Blindness, and Epilepsy Are Potential Areas for Early-stage Investments
5. Recommendations to Innovation Stakeholders
  • Huge Potential for Brain-powered Prosthetics that Has the Potential to Replace the Function of a Lost Limb
  • Accessibility to Customers Is Greatly Enhanced by Certain Business Models such as Open-source Prosthetics
  • Bionic Gym Enables a High Level of Convenience to Patients in Addressing a Range of Fitness Needs
  • Competitive Strength for Solutions that Enable Patients to Upgrade and Personalize Their Bionic Prosthetics
6. Analyst Insights
  • Product Developers Play a Key Role to Increase Awareness of Merits and Demerits of Bionic Prosthetics
7. List of Key Patents
  • Key Patents: Method of Protecting Gait Orthopaedic Device from Damage
  • Key Patents: Method of Control of Prosthetic and Orthotic Devices using Electromyography Signals
  • Key Patents: Prosthetic Device Incorporating a Wrist Device for Better Control
  • List of Key Industry Participants
  • Legal Disclaimer
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Note: Product cover images may vary from those shown