seobhushan (88)

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Bionic Devices Market is projected to reach CAGR
8.1 by 2027
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Key Insights from Bionic Devices Market

• Bionic devices market is projected to witness
  commendable growth by recording over USD 7.9
  billion in valuation by 2027. A considerable rise
  in the prevalence of chronic diseases that lead
  to amputation has created significant demand for
  bionic devices across the world. Besides,
  increasing cases of hearing loss are also
  impelling the application of bionics. For
  instance, auditory bionics or cochlear implants
  are largely used for creating a hearing sensation
  by bypassing the cochlea and stimulating the
  brainstem.
• The industry growth is being further supported by
  the adoption of optogenetics, machine learning,
  and other technologies. Increasing research and
  development activities pertaining to bionics
  coupled with the growing investments is also
  enhancing the business scenario.

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Regional Insights in Bionic Devices Market

• On the regional terrain, Japan is gaining a wide
  prominence in the industry and is expected to
  record a substantial valuation of over USD 242
  million by 2027 owing to the rising prevalence of
  chronic ailments coupled with the aging
  population. As per the International Diabetes
  Federation statistics, in 2020, the prevalence of
  diabetes among the adult population of the
  country was 7.9, affecting around 7.3 million
  individuals. Diabetic patients are known to be at
  higher risk of amputation.

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Latest Research Report On Bionic Devices Market _at_
https//www.gminsights.com/industry-analysis/bioni
c-devices-market Request for a sample of this
research report _at_ https//www.gminsights.com/reque
st-sample/detail/4609
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Major Companies in Bionic Devices Market

• Sonova
• Demant
• Cochlear Ltd.
• MED-EL Medical Electronics

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Industry Coverage

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