Medical Bionic Implant Market

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MarketsandMarkets Presents
Medical Bionic Implant /Artificial Organs Market
- Trends and Global Forecasts to 2017

http//www.marketsandmarkets.com/Market-Reports/me
dical-bionic-implant-market-908.html
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The report Medical Bionic Implant Market -
(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 gtgt 127
data tables 14 figures
298 pages in-depth TOC on Medical Bionic
Implants Market http//www.marketsandmarkets.co
m/Market-Reports/medical-bionic-implant-market-908
.html Early buyers will receive 10
customization on this report.
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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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