Global Bionics Market - by Type, Application, Technology, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)

  • ID: 4425476
  • Report
  • Region: Global
  • 120 Pages
  • Oristep Consulting
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FEATURED COMPANIES

  • Abiomed, Inc
  • Baxter International
  • EKSO Bionics
  • Medtronic Plc
  • Nikkiso Co. Ltd.
  • Ottobock Healthcare
  • MORE

Bionics refers to the study of mechanical systems which work similar to the living organisms. It relates to how humans and animals perform certain tasks, solve certain problems and finally replicating these findings to the design of electronic devices and mechanical parts. For instance, advances in bionic technology have changed the lives of thousands of amputees who are now able to ride bikes, grip bottles and even run.

Demand Scenario

The global Bionics market was USD 8.13 billion in 2016 and will reach USD 18.51 billion by 2022 at a CAGR of 14.7% over the forecasted period.

Growth by Region

North America dominates the market with share of more than 40% followed by APAC. The dominance is expected to continue during the forecasted period as well due to the presence of the major bionic companies such as Baxter International, Inc, Abiomed, Inc and Medtronic Plc. Developing countries such as India and China are expected to push the market for growth in future.

Drivers vs. Constraints

Increasing demand for artificial organs in the healthcare sector is the major factor driving the global market. In addition, the aging population is aiding the growth. The rising number of accidents resulting in amputations or paralysis has driven bionic limbs to become the largest product segment in the overall bionics market. Furthermore, the bionics are also being applied in the defense sector in the form of exoskeleton suits which enables a soldier to carry heavy loads without reducing his or her speed in the battlefield.

On the other hand, the bionic organs are very costly and cannot be afforded by everyone. Moreover, the development of the bionics organs involves extensive research and development which can only be funded by governments. These factors re restraining the growth of the market.

Industry Structure and Updates

The market is a highly consolidated one which is highly capital intensive. The bionics is expected to be the substitute for robotics market in future and thus has a huge potential. In Apr 2016, Össur acquired Touch Bionics Limited, a leading global provider of innovative upper limb prostheses and supporting services.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abiomed, Inc
  • Baxter International
  • EKSO Bionics
  • Medtronic Plc
  • Nikkiso Co. Ltd.
  • Ottobock Healthcare
  • MORE

1. Research Methodology

2. Executive Summary

3. Market Overview

  • Definition
  • Industry Value Chain Analysis
  • Porter's 5 Forces
  • Regulations

4. Market Dynamics

  • Introduction
  • Drivers
  • Constraints
  • Opportunities

5. Global Bionics market Segmentation, Forecasts and Trends - by Revenue

6. By Type

  • Bionic brain
  • Bionic heart
  • Bionic limbs
  • Bionic vision
  • Exoskeleton
  • Others

7. By Application

  • Healthcare
  • Defense

8. By Technology

  • Mechanical
  • Electronic

9. By Region

  • North America
  • US
  • Canada
  • Europe
  • UK
  • France
  • Germany
  • Italy
  • Others
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Others
  • ROW

10. Vendor Market Share Analysis

11. Company Profiles

  • Baxter International
  • Medtronic Plc
  • Abiomed, Inc
  • Medtronic Plc
  • Asahi Kasei Medical Co. ltd
  • Sonova Holding AG
  • SynCardia Systems, Inc.
  • Ottobock Healthcare
  • EKSO Bionics
  • Nikkiso Co. Ltd.
  • Others

12. Industry Structure

  • Industry M&As, Consolidations
  • Investment Opportunities

13. Global Bionics market - Road Ahead

  • Tables
  • Disclaimer
Note: Product cover images may vary from those shown
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  • Abiomed, Inc
  • Asahi Kasei Medical Co. ltd
  • Baxter International
  • EKSO Bionics
  • Medtronic Plc
  • Nikkiso Co. Ltd.
  • Ottobock Healthcare
  • Sonova Holding AG
  • SynCardia Systems, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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