Global Medical Bionic Implants Market worth $17.82 Billion by 2017

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MarketsandMarkets Presents
Global Medical Bionic Implants Market worth
17.82 Billion by 2017
http//www.marketsandmarkets.com/Market-Reports/me
dical-bionic-implant-market-908.html
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The report Medical - (Vision Bionics/Bionic Eye,
Brain Bionics, Heart Bionics/Artificial Heart,
Orthopedic Bionics and Ear Bionics) Trends and
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 127 market data tables and 14
figures spread through 298 pages and in-depth TOC
on this report. http//www.marketsandmarkets.com/
Market-Reports/medical-bionic-implant-market-908.h
tml
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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 implant (artificial organs) 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.
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The medical bionic implant (artificial organs)
industry 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.
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