Global Bionics Market -Forecast and Analysis (2020-2026)Posted by rahul on January 7th, 2021 Global Bionics Market was valued at USD at xx million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of 9.2% over forecast period 2019-2026.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. However, factors such high product costs, care, fear of device malfunction and its consequences and a rigid approval process for bionic devices are restarting the market growth over forecast period. Global Bionics Market Segmentation Analysis: By type, market is segmented into Bionic brain, Bionic heart, Bionic Ear, Bionic limbs, Bionic vision, Exoskeleton and Others. Among all of these segment Bionic heart type segment is leading the global market with 26% market share at a GAGR of 7.8% over forecast period. Bionic heart type segment is leading market due to growing prevalence of cardiac complications such as valvular stenosis and congenital heart disease. Bionic Ear is expected to grow at highest CAGR which is 9.2% over forecast period due to rising prevalence of conductive hearing loss related to otitis media infection and otosclerosis. Global Bionics Market is segmented by Types, by Application, by Technology and by Region. By application market is segmented into Healthcare and Defense. Among these applications Healthcare Segment is expected to lead the global market with 60-65% market share. Technological advancements, such as the cochlear implants, with speech recognition features that help to differentiate speech in noisy and reverberant situation is mainly driving the healthcare application segment.
Geographically, global bionics market is segmented into North America, Europe, APAC, MEA& Africa and Latin America. North America is leading the global market with market share of 38% at a CAGR of xx% over forecast period. The increasing use of bionics as a substitution for organ transplant is boosting the growth of market in this region. Moreover, due to presence key organizations, for example, Abiomed Inc., Medtronic plc, and Baxter International Inc., North America leads the global bionics market. North America is followed by Asia Pacific representing near about 25-27% share of the global bionics market. Asia Pacific is the fastest developing region due the emergence of key economies, for example, India, Japan, and China. Whereas, Latin America is relied upon to keep up consistent development due of the developing countries such as Brazil and Mexico. Global Bionics Market Competitive Landscape The report covers key development and company profiles of major players. Key players operating in this market are Abiomed, Asahi Kasei Medical Co. Ltd, Baxter International Inc., Cochlear Limited, Cyberonics Inc., Edward Lifesciences, Ekso Bionics, Roche Holding Ag, and Medtronic. These players exhibit near about 75-80% of global market share. These players are adopting various Greenfield and brownfield growth strategies such as merger and acquisitions, patent, expansion, joint ventures, strategic alliance, etc. to enhance their business operations and regional presence. Value chain of global bionics market is comprises of various events such as inbound logistics, technology deployment, marketing and advertising of product and End users with multiple value chain offerings. The objective of the report is to present a comprehensive analysis of Global Bionics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Bionics Market dynamics, structure by analyzing the market segments and project the Global Bionics Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bionics Market make the report investor’s guide. visit at-https://www.maximizemarketresearch.com/market-report/global-bionics-market/44070/
Global Bionics Market Segmentation by Types • Bionic brain • Healthcare • Mechanical bionics • North America • Abiomed About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |