Medical Bionic Implant Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DMD434 | Last Updated On: Oct 14 2020 | No. of Pages: 233 | Available Formats

> Global Medical Bionic Implant Market is Expected to reach a high CAGR By 2027: DataM Intelligence

Global Medical Bionic Implant Market is segmented By Product Type (Vision Bionics, Heart Bionics, Orthopedic Bionics, Ear Bionics, Brain Bionics, Others), By Technology (Mechanical, Electronic), By Method of Fixation (Implantable, Externally Worn), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027.

 

Market Overview

The Global Medical Bionic Implant Market is expected to grow at a high CAGR during the forecasting period (2020-2027).

Bionics incorporates biology with electronics. It implants the special types of instruments or prosthetics that have been inserted in the human body to replicate the original organ function. The Medical Bionics replaces or improves different parts of the body with automated adaptations. Advanced bionic implants have advantages over traditional prostheses such as less tiredness, discomfort, and control in real-time. Medical bionic implants are assorted from the counterfeit organ as they mimic unique capacity completely or even show improvement over it. 

*Source: DataM Intelligence Analysis 

Market Dynamics:

The market growth is driven by the rising demand, increasing road accidents, growing geriatric population, rising number of chronic diseases among individual, organ failure, increasing injuries and accidents, occupational disabilities that demand medical bionic for improvement of the problem.

Growing advancements in medical technologies are fueling the medical bionic implant market. Growing public awareness about various diseases, advancements in medical bionic implant and artificial organs procedures and the need for screenings conducted for early diagnosis and treatment of various diseases are also expected to favour the medical bionic implant market. In February 2015, the bionic prosthetic company had re-launched iWalk (aka BiOM). As indicated by the company, this re-dispatch likewise reflects organization achievements, including the expansion of an official group, item upgrades, global business extension, and progressing support from repayment specialists, for example, the U.S. Department of Veterans Affairs and Workers' Compensation payers.

Moreover, people all over the world suffer from vascular diseases, including diabetes and peripheral arterial diseases, which increase the chances of amputations. In the U.S., there are about two million people who are living with limb loss. As per data from the National Center for Health Statistics, 185,000 amputations are conducted in the U.S. every year, and roughly 2 million people in the country are currently living with a lost limb. Rapid advancements in the medical bionic implants and market have led to new and improved robotics technology. Medical device makers are looking at emerging economies mainly because of their large populations and continued demand for bionic replacements.

 In addition, a greater number of amputations coupled with improved capabilities of high-tech biomaterial-based implants is contributing to the growth of the medical bionic implants and exoskeletons market. These factors are driving the growth of the medical bionic implant market.

The development of bionic arm shall stimulate market growth. In February 2020, next milestone in the development of bionic arm prostheses with a major contribution from the Medical University of Vienna, in collaboration with the Massachusetts Institute of Technology (Center for Extreme Bionics) and the Department of electrical engineering at the University of Gothenburg, Oskar Aszmann's team in the clinical laboratory for bionic limb reconstruction at Meduni Vienna's department of surgery has developed the world's first fully integrated bionic arm prosthesis that is ready to use. For the first time, this system is self-contained, and everything takes place directly in the arm. The battery inserts directly into the prosthesis and can easily be removed in the evening for recharging

With quick technological advancement, rapid technological advancements in the medical field, ever-increasing demand of medical bionics implants and artificial organs, the global medical bionic implant market is anticipated to have vigorous development during the forecast period.

Moreover, the concept of bionics is applied in other fields, such as the defense to build exoskeletons, which can be worn by soldiers. These exoskeleton suits or bionic suits help them to carry heavy loads and improve their mobility on the battlefield. Bionic devices are being developed with various features such as printed prostheses with anatomically correct shapes along with cosmetic details and smartphone-controlled commands.

 However, factors such as high cost of treatment, expensive devices, malfunction of devices, and limited surgical expertise, and uncertain reimbursement scenarios in different regions are restraining the growth of the market.

Segment Analysis

Medical Bionic Implant Market is segmented based on product type as vision bionics, heart bionics, orthopaedic bionics, ear bionics, brain bionics and others. Among these, heart bionics held the largest market share as a consequence of the high prevalence of cardiovascular disorders. Ear bionics are expected to gain substantial market share during the forecast period. These devices are preferred more by the patients owing to the ease and comfort they provide than drugs.

Orthopedic bionics s an artificial replacement or substitute of bones in different parts of the body. The typical orthopedic prosthetic devices are for hip, knee, elbow, ankle, leg, among others. According to Stanford Children’s Health, there were an estimated 3.5 million sports injuries occurred; this significant number is expected to act as a driver to the market growth. Brain bionics are involved in inserting an implant inside a person’s head with the goal of specifically targeting faulty brain activity associated with making a person stay “stuck” in their depression.

**Source: DataM Intelligence Analysis

Further, the market is also classified based on technology as Implantable and Externally Worn. The Implantable segment accounts for the highest market share owing to the rising usage where these materials are used pacemakers, RFID tags, neurostimulators, and various other implants with wireless communication functions. The robust and rigid nature of ferrous metals leaves them nearly unaffected by extreme elements. However, their magnetic properties mean exposure to other magnetic fields must be minimized.

The Externally Worn segment is expected to have positive market growth due to the rising demand for body image compared to nontechnology users. Where appropriate, these data can be used to identify potential concerns, address strategies to mitigate them and inform people with diabetes when considering adopting external technologies.

 

**Source: DataM Intelligence Analysis

Geographical Presentation

The Medical Bionic Implant market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa based on the region. Among all of the regions, North America dominated the Medical Bionic Implant market due to the demand for technologically advanced products coupled with strong R&D initiatives by the government and high patient awareness levels in this region. Moreover, the presence of a large number of research laboratories, biotechnology, and medical devices manufacturing companies in North America, which is projected to contribute to the region’s growth. Also, the favorable healthcare compensation plans and high demand for organ transplantation are expected to further propel the growth of the market in North America.

The Asia Pacific is expected to have a significant market share due to the rising to a large consumer base, rising government initiatives for enhancing healthcare, and high disposable income. Rapidly developing regions of India and China, along with growing patient awareness levels in this region are the major factors attributing to the growth of this region. National governments and regulatory bodies in several countries are taking collaborative measures to ensure that there is a constant demand for the medical bionic implants market. The World Bank states that countries in the Asia-Pacific region have witnessed a marked rise in FDI. Emerging markets such as Malaysia, Indonesia, and India have recorded much higher economic growth rates than developed nations. This is expected to drive higher investment across the healthcare sector in all of these countries, boosting the global medical bionic implant market.

**Source: DataM Intelligence Analysis

Competitive Analysis

Several local and international players are present in the market. The technological advancement, new product launch, availability of cost-effective solutions intensify the market competition.  Orthofix International N.V., Touch Bionics Inc., Second Sight Medical Products, Inc., Ekso Bionics, St. Jude Medical, Inc., Lifenet Health Inc. and Otto Bock Inc. are the leading market players with significant market share.

Companies are focusing on the technological development and up-gradation of existing machinery to increase annual productivity and optimize processing operational flow. For instance, in June 2016, Cochlear Bone Anchored Solutions AB, the global leader in bone conduction hearing solutions, announced the commercial availability of the Cochlear™ Baha® 5 Power and Baha 5 SuperPower sound processors. The Baha 5 Power and Baha 5 SuperPower Sound Processors are designed for people with greater levels of hearing loss, with a fitting range up to 55 dB sensorineural hearing loss (SNHL) for Baha 5 Power and 65 dB SNHL for Baha 5 SuperPower.

The companies are entering into the collaborations, mergers, strategic partnerships and acquisitions to increase the demand for biomarkers and their expansion across the globe. For instance, in June 2020, Orthofix Medical Inc. a global medical device company focused on musculoskeletal healing products, announced the U.S. Food and Drug Administration clearance and the first patient implants of the FIREBIRD ™ SI Fusion System. Designed to compress and stabilize the sacroiliac joint (also called the SI joint) during fusion, the FIREBIRD SI Fusion System is the first 3D printed titanium bone screw to launch in the U.S. for treating SI joint. The FIREBIRD SI Fusion System is designed with a porous mid-shaft region that allows the bone to grow into its surface – creating a bond between the implant and the patient’s bone at the SI joint.

Why Purchase the Report?

  • Visualize the composition of the global medical bionic implant market product, technology, and method of fixation highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global medical bionic implant market by analyzing trends and co-development deals.
  • Comprehensive details on factors driving the market growth.
  • Excel data sheet with thousands of data points of global medical bionic implant market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The Medical Bionic Implant report will provide access to approximately 31 market data tables, 45 figures, and 250 pages

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors

 

Table of Contents

  1. Medical Bionic Implant Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Medical Bionic Implant Market – Market Definition and Overview

  3. Medical Bionic Implant Market – Executive Summary

    1. Market Snippet by Product Type
    2. Market Snippet by Technology
    3. Market Snippet by Method of Fixation
    4. Market Snippet by Region
  4. Medical Bionic Implant Market Dynamics

    1. Market Impacting Factors
      1. Drivers
      2.  Restraints
      3. Impact Analysis
    2. Opportunity
    3. Impact Analysis
  5. Medical Bionic Implant Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Regulatory Analysis
    4. Pricing Analysis
  6. Medical Bionic Implant Market – By Product Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      2. Market Attractiveness Index, By Product Type
    2. Vision Bionics *
      1. Introduction
      2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%), 2019-2027
    3.  Heart Bionics
      1. Ventricular assist device
      2. Total artificial heart
      3. Artificial heart valve
      4. Pacemaker
    4. Orthopedic Bionics
      1. Bionic hand
      2. Bionic leg
      3. Bionic limb
    5. Ear Bionics
      1. Bone anchored hearing aid
      2. Cochlear implant
    6. Brain Bionics
      1. Deep brain stimulator
      2. Vagus nerve stimulator
      3. Spinal cord stimulator
    7. Others
  7. Medical Bionic Implant Market – By Technology

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      2. Market Attractiveness Index, By Technology
    2. Mechanical *
      1. Introduction
      2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%), 2019-2027
    3. Electronic
  8. Medical Bionic Implant Market – By Method of Fixation

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method of Fixation
      2. Market Attractiveness Index, By Method of Fixation
    2. Implantable *
      1. Introduction
      2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%), 2019-2027
    3. Externally Worn
  9. Medical Bionic Implant Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method of Fixation
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method of Fixation
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method of Fixation
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method of Fixation
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
  10.  Medical Bionic Implant Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Medical Bionic Implant Market Company Profiles

    1. Ekso Bionics Holdings, Inc.*
      1. Company Overview
      2. Form Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Touch Bionics Inc. 

    3. LifeNet Health Inc..

    4. Edwards Lifesciences Corporation
    5. Orthofix Holdings, Inc. 

    6. LivaNova PLC 

    7. Rainbow Medical Group
    8. Boston Scientific Corporation (*List Is Not Exhaustive)  
  12. Medical Bionic Implant Market – Premium Insights

  13. Medical Bionic Implant Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables 

Table 01 Global Medical Bionic Implant Market Market Value, By Product Type, 2018,2022 & 2027 ($ Million)

Table 02 Global Medical Bionic Implant Market Market Value, By Technology, 2018,2022 & 2027 ($ Million)

Table 03 Global Medical Bionic Implant Market Market Value, By Method of Fixation, 2018,2022 & 2027 ($ Million)

Table 04 Global Medical Bionic Implant Market Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 05 Global Medical Bionic Implant Market Market Value, By Product Type, 2018,2022 & 2027 ($ Million)

Table 06 Global Medical Bionic Implant Market Market Value, By Product Type, 2018-2027 ($ Million)

Table 07 Global Medical Bionic Implant Market Market Value, By Technology, 2018,2022 & 2027 ($ Million)

Table 08 Global Medical Bionic Implant Market Market Value, By Technology, 2018-2027 ($ Million)

Table 09 Global Medical Bionic Implant Market Market Value, By Method of Fixation, 2018,2022 & 2027 ($ Million)

Table 10 Global Medical Bionic Implant Market Market Value, By Method of Fixation, 2018-2027 ($ Million)

Table 11 Global Medical Bionic Implant Market Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 12 Global Medical Bionic Implant Market Market Value, By Region, 2018-2027 ($ Million)

Table 13 North America Medical Bionic Implant Market Market Value, By Product Type, 2018-2027 ($ Million)

Table 14 North America Medical Bionic Implant Market Market Value, By Technology, 2018-2027 ($ Million)

Table 15 North America Medical Bionic Implant Market Market Value, By Method of Fixation, 2018-2027 ($ Million)

Table 16 North America Medical Bionic Implant Market Market Value, By Country, 2018-2027 ($ Million)

Table 17 South America Medical Bionic Implant Market Market Value, By Product Type, 2018-2027 ($ Million)

Table 18 South America Medical Bionic Implant Market Market Value, By Technology, 2018-2027 ($ Million)

Table 19 South America Medical Bionic Implant Market Market Value, By Method of Fixation, 2018-2027 ($ Million)

Table 20 South America Medical Bionic Implant Market Market Value, By Country, 2018-2027 ($ Million)

Table 21 Europe Medical Bionic Implant Market Market Value, By Product Type, 2018-2027 ($ Million)

Table 22 Europe Medical Bionic Implant Market Market Value, By Technology, 2018-2027 ($ Million)

Table 23 Europe Medical Bionic Implant Market Market Value, By Method of Fixation, 2018-2027 ($ Million)

Table 24 Europe Medical Bionic Implant Market Market Value, By Country, 2018-2027 ($ Million)

Table 25 Asia-Pacific Medical Bionic Implant Market Market Value, By Product Type, 2018-2027 ($ Million)

Table 26 Asia-Pacific Medical Bionic Implant Market Market Value, By Technology, 2018-2027 ($ Million)

Table 27 Asia-Pacific Medical Bionic Implant Market Market Value, By Method of Fixation, 2018-2027 ($ Million)

Table 28 Asia-Pacific Medical Bionic Implant Market Market Value, By Country, 2018-2027 ($ Million)

Table 29 Middle East & Africa Medical Bionic Implant Market Market Value, By Product Type, 2018-2027 ($ Million)

Table 30 Middle East & Africa Medical Bionic Implant Market Market Value, By Technology, 2018-2027 ($ Million)

Table 31 Middle East & Africa Medical Bionic Implant Market Market Value, By Method of Fixation, 2018-2027 ($ Million)

 

List of Figures

Figure 01 Global Medical Bionic Implant Market Market Share, By Product Type, 2018 & 2027 (%)

Figure 02 Global Medical Bionic Implant Market Market Share, By Technology, 2018 & 2027 (%)

Figure 03 Global Medical Bionic Implant Market Market Share, By Method of Fixation, 2018 & 2027 (%)

Figure 04 Global Medical Bionic Implant Market Market Share, By Region, 2018 & 2027 (%)

Figure 05 Global Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 06 Global Medical Bionic Implant Market Market Y-o-Y Growth, By Product Type, 2019-2027 (%)

Figure 07 Vision Bionics Heart Bionics Orthopedic Bionics Ear Bionics Brain Bionics Others: Global Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 8 Global Medical Bionic Implant Market Market Y-o-Y Growth, By Technology, 2019-2027 (%)

Figure 9 Mechanical Electronic : Global Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 10 Global Medical Bionic Implant Market Market Y-o-Y Growth, By Method of Fixation, 2019-2027 (%)

Figure 11 Implantable Externally Worn: Global Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 12 Global Medical Bionic Implant Market Market Y-o-Y Growth, By 0, 2019-2027 (%)

Figure 13 Global Medical Bionic Implant Market Market Y-o-Y Growth, By Region, 2019-2027 (%)

Figure 14 North America Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 15 North America Medical Bionic Implant Market Market Share, By Product Type, 2018 & 2027 (%)

Figure 16 North America Medical Bionic Implant Market Market Share, By Technology, 2018 & 2027 (%)

Figure 17 North America Medical Bionic Implant Market Market Share, By Method of Fixation, 2018 & 2027 (%)

Figure 18 North America Medical Bionic Implant Market Market Share, By Country, 2018 & 2027 (%)

Figure 19 South America Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 20 South America Medical Bionic Implant Market Market Share, By Product Type, 2018 & 2027 (%)

Figure 21 South America Medical Bionic Implant Market Market Share, By Technology, 2018 & 2027 (%)

Figure 22 South America Medical Bionic Implant Market Market Share, By Method of Fixation, 2018 & 2027 (%)

Figure 23 South America Medical Bionic Implant Market Market Share, By Country, 2018 & 2027 (%)

Figure 24 Europe Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 25 Europe Medical Bionic Implant Market Market Share, By Product Type, 2018 & 2027 (%)

Figure 26 Europe Medical Bionic Implant Market Market Share, By Technology, 2018 & 2027 (%)

Figure 27 Europe Medical Bionic Implant Market Market Share, By Method of Fixation, 2018 & 2027 (%)

Figure 28 Europe Medical Bionic Implant Market Market Share, By Country, 2018 & 2027 (%)

Figure 29 Asia-Pacific Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 30 Asia-Pacific Medical Bionic Implant Market Market Share, By Product Type, 2018 & 2027 (%)

Figure 31 Asia-Pacific Medical Bionic Implant Market Market Share, By Technology, 2018 & 2027 (%)

Figure 32 Asia-Pacific Medical Bionic Implant Market Market Share, By Method of Fixation, 2018 & 2027 (%)

Figure 33 Asia-Pacific Medical Bionic Implant Market Market Share, By Country, 2018 & 2027 (%)

Figure 34 Middle East & Africa Medical Bionic Implant Market Market Value, 2018-2027 ($ Million)

Figure 35 Middle East & Africa Medical Bionic Implant Market Market Share, By Product Type, 2018 & 2027 (%)

Figure 36 Middle East & Africa Medical Bionic Implant Market Market Share, By Technology, 2018 & 2027 (%)

Figure 37 Middle East & Africa Medical Bionic Implant Market Market Share, By Method of Fixation, 2018 & 2027 (%)

Figure 38 Ekso Bionics Holdings, Inc: Financials

Figure 39 Touch Bionics Inc. : Financials

Figure 40  LifeNet Health Inc.: Financials

Figure 41 Edwards Lifesciences Corporation : Financials

Figure 42 Orthofix Holdings, Inc: Financials

Figure 43  LivaNova PLC : Financials

Figure 44 Rainbow Medical Group : Financials

Figure 45 Boston Scientific Corporation  : Financials

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