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Spain Artificial Organs & Bionic Implants Market - Growth, Trends & Forecast (2020 - 2025)

  • ID: 5175024
  • Report
  • August 2020
  • Region: Spain
  • 90 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2020

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FEATURED COMPANIES

  • Medtronic plc
  • OSSUR
  • Zimmer Biomet
  • MORE
The Spain Artificial Organs & Bionic Implants Market is expected to grow with a CAGR of 11.64% in the forecast period. The growth of the market in the country can be attributed to the increasing incidence of disabilities and organ failures and increasing medical tourism. Furthermore, the technological advancements in the country are also found to boost the market growth.

Apart from the countries patients, the medical department of Spain treats many other patients as medical tourism is growing its roots in Spain. As the visitors for medical treatment for cardiac and renal surgeries are increasing in number the demand for artificial organs and bionic implants also increases.

Key Market Trends

Cardiac Bionics Segment is Expected to Have a Highest Growth Rate in the Forecast Period

The cardiac bionics segment is expected to show a high growth that is attributed to the increasing prevalence of cardiovascular diseases, increasing geriatric population in the country that helps in the overall market growth.

According to an article published by Héctor Bueno, Beatriz Pérez-Gómez in the journal Circulation, 2019 edition, stated that cardiovascular disease is the number one cause of death in Spain leading to 120,000 deaths every year. Thus, owing to the large patient pool of cardiac diseases and benefits associated with bionics, the segment is expected to grow over the forecast period.

Competitive Landscape

The Spain Artificial Organs & Bionic Implants Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players in the market include Otto Bock Holding GmbH & Co. KG, Medtronic plc, Sonova Holding AG, Boston Scientific Corporation etc.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Medtronic plc
  • OSSUR
  • Zimmer Biomet
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Incidence of Disabilities and Organ Failures and Increasing Medical Tourism
4.2.2 Technological Advancements Leading to Enhanced Applications
4.3 Market Restraints
4.3.1 Expensive Procedures and Fear of Device Malfunction and its Consequences
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Artificial Organs
5.1.1.1 Artificial Heart
5.1.1.2 Artificial Kidney
5.1.1.3 Others
5.1.2 Bionics
5.1.2.1 Vision Bionics
5.1.2.2 Ear Bionics
5.1.2.3 Orthopedic Bionic
5.1.2.4 Cardiac Bionics
5.1.2.5 Others

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 Otto Bock Holding GmbH & Co. KG
6.1.3 Medtronic plc
6.1.4 Zimmer Biomet
6.1.5 Sonova Holding AG (Advanced Bionics)
6.1.6 Edwards Lifesciences Corporation
6.1.7 Terumo Medical Corporation
6.1.8 OSSUR

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

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  • Boston Scientific Corporation
  • Otto Bock Holding GmbH & Co. KG
  • Medtronic plc
  • Zimmer Biomet
  • Sonova Holding AG (Advanced Bionics)
  • Edwards Lifesciences Corporation
  • Terumo Medical Corporation
  • OSSUR
Note: Product cover images may vary from those shown

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