iCrowd Newswire
23 Feb 2021, 14:03 GMT+10
Description
Often known as biomedical implants, bionics is an external extension to the body. Such artificial implants replicate the function of the missing or non-functional part of the body like the leg or the ear. In 2016, the Global Medical Bionics Market was estimated at $15,348 million and is expected to raise $29,160 million by 2023, showing a CAGR of 9.6% over the forecast period. Growth in the geriatric population, increased policy emphasis on funding R&D programs, and increased numbers of patients with chronic diseases are expected to drive market growth.
In addition, technological advances, such as cochlear implants, intensify the Bionics Market for medical bionics with speech recognition features that help discern speech in noisy and reverberating situation. Nonetheless, it is expected that high product costs, care, and a rigid approval process for these devices would hinder Bionics Market growth. According to the American Heart Association's, approximately 5.5 million people in the U.S. were impacted by heart failure. By fact, in the U.S., approximately 670,000 net new cases of heart failure are diagnosed every year. The prevalence of chronic diseases in Canada is growing due to unhealthy lifestyle and population ageing.
Throughout recent years, many technological advances have been seen in Bionics Market. In difficult hearing situations, the cochlear implants used in the current scenario include speech recognition, which help discern speech in noisy and reverberant situations, recognize sound from television or telephone, and distinguish sound from a distance. Additionally, hearing aids incorporate acoustic scene classifiers that help hearing aids distinguish and recognize any sound based on background noise, speech in silence or noise, music, air, and many other parameters.
Request for Sample Report @ https://www.wiseguyreports.com/sample-request/2820016-bionics-technologies-and-global-markets
The global bionics market is segmented based on types that includes Bionic brain, Bionic heart, Bionic limbs, Bionic vision, and Exoskeleton. By Application area the market can be divided into, Healthcare and Defense. By technology the market is further split into Mechanical bionics and Electronic bionics. Due to the presence of a large pool of patients suffering from chronic disorders such as cardiovascular disorders, neurological disorders and hearing and vision impairment, this area provides lucrative opportunities in this market
Geographically bionics market can be split into, North America, Europe, Asia Pacific, and Rest of the world. North America is fueling the global bionics market and is expected to control the market for next 6 years. In 2011, the Australian Institute for Health & Welfare reported that recurrent heart failure has affected at least 300,000 Australians and 30,000 new cases were recorded each year. Therefore, the high incidence of heart disease makes it an enticing Bionics Market. However, Japan's high prevalence of eye-related diseases makes it an ideal market for the country's eye bionics. Due to the rise of key economies such as India, Japan, and China, Asia Pacific, representing more than 20 percent of the global bionics industry, leads the world and expected to be the fastest developing region.
Many organ failures result in the increase of geriatric population. As a result, it requires organ transplantation. In any case, the shot to get a suitable donor for a transplant requires a lot of time, thereby reducing the chance of survival. It does not take time to use the bionics component, but is also intended to adjust with the body's preconditions. Moreover, in the defense industry, the bionics is also linked as exoskeleton suits that allow an officer to take on heavy loads without reducing his or her pace in the battle.
Leave a Query @ https://www.wiseguyreports.com/enquiry/2820016-bionics-technologies-and-global-markets
Key Players
Rehab-Robotics Co., Td.Reliantheart Inc.Retina Implant AgRewalk RoboticsRex Bionics Ltd.Roam RoboticsRoki RoboticsBionik LaboratoriesBionx Medical Technologies Inc.Bioservo Technologies AbCarmat S.A.Abiomed Inc.Activelink Co. Ltd.Advanced Bionics Corp.AltergAxosuits SrlB-Temia Inc.Bana TeknolojiCleveland Fes CenterCoapt LlcCochlear Ltd.Cyberdyne Inc.Daewoo Shipbuilding And Marine Engineering Co. Ltd.Deka Research And DevelopmentGogoa Mobility RobotsGold Medical TechnologiesHdt GlobalHeartwareEkso BionicsEndoliteEnvoy MedicalExiii Inc.ExoatletFillauer Companies Inc.Honda Motor Co Ltd.Hosmer Dorrance Corp.Hyundai Motor Co.Intelligent Medical Implants GmbhJapet Medical DevicesMitsubishi Heavy IndustriesMotion Control Inc.MotorikaMyomo Inc.Nabtesco Corp.Open Bionics Ltd.OptobionicsOssur Hf.Otologics LlcJarvik Heart Inc.Kinetek Wearable RoboticsLiberating Technologies Inc.Lockheed Martin Corp.Med-ElMitiheart Corp.Ototronix LlcOtto Bock Healthcare GmbhP&S Mechanics Co. Ltd.Panasonic-Activelink Co. Ltd.Parker Hannifin Corp.Phasex AbPixium VisionRb3dSarcos Corp.Second Sight Medical Products Inc.Soundtec Inc.St. Jude Medical Inc.Steeper GroupSunshine Heart Inc.Syncardia Systems LlcTouch BionicsToyota Motor Corp.U.S. Bionics Inc.Visioncare Inc.Wandercraft Sas
Continued…
Read Other Reports from our Database :
About the Author :
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.
Tags: Bionics Consumption Market, Global Bionics Market Trends, Global Bionics Industry, Bionics Market Trends, Bionics Industry Trends, Bionics Prospectus, Bionics Manufacturers, Bionics Segmentation, Bionics Sales Market, Bionics Market Analysis, Bionics Market Trend, Bionics Price, Bionics Industry, Bionics, Bionics Market Forecast, Bionics Market Growth, Bionics Market Size, Bionics Market Share, Bionics Market, Global Bionics Market Share, Bionics Growth, Global Bionics Size
See Campaign: https://www.wiseguyreports.com/sample-request/2820016-bionics-technologies-and-global-marketsContact Information:Wiseguy Research Consultants
+442035002763
+6282580070Tags:, iCN Internal Distribution, Research Newswire, English
Wiseguy Research Consultants
+442035002763
+6282580070
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationCULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
BEIRUT, July 10 (Xinhua) -- China's continued development has not only brought profound benefits to its own people but also offered...
Chandigarh (Punjab) [India], July 10 (ANI): Punjab Chief Minister Bhagwant Mann on Thursday welcomed Prime Minister Narendra Modi's...
Dholera (Gujarat) [India], July 10 (ANI): The Ambassador of Japan to India, Keiichi Ono, led a high-level delegation of leading Japanese...
(Photo credit: Mark J. Rebilas-Imagn Images) Amazon Prime Video has hired veteran broadcaster Kevin Harlan to call NBA games during...
(Photo credit: Mark J. Rebilas-Imagn Images) Amazon Prime Video has signed Kevin Harlan to call NBA games in the 2025-26 season,...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
By Reena Bhardwaj Washington, DC [[US], July 11 (ANI): US President Donald Trump on Thursday (local time) announced that the US will...
Khyber Pakhtunkhwa [Pakistan], July 11 (ANI): Awami National Party (ANP) leader Maulana Khan Zeb and a police personnel were shot dead...
Vancouver [Canada], July 11 (ANI): Canadian journalist Daniel Bordman called the attack on a cafe owned by comedian Kapil Sharma a...
Noida (Uttar Pradesh) [India], July 11 (ANI): Yash Sahu, the son of Kanhaiya Lal, the tailor who was murdered in Rajasthan's Udaipur,...
Noida (Uttar Pradesh) [India], July 11 (ANI): After the Delhi High Court ordered a stay on the release of the film 'Udaipur Files:...