Medical Bionics Market To Receive Overwhelming Hike In Revenues By 2023Posted by Mangesh on May 24th, 2019 The Global Medical Bionics Market was valued at ,348 million in 2016, and is expected to garner ,160 million by 2023, registering a CAGR of 9.6% during the forecast period 2017 - 2023. Cardiac bionics segment held more than one-third share of the total market in 2016. Bionics are the implantable devices, which imitates the function of a natural organ. Advent of technologically advanced systems such as cochlear implants and rise in incidence of chronic disease majorly drive the market growth. In addition, rise in geriatric population and increased focus of government funding on R&D initiatives are anticipated to further drive the demand for medical bionics globally. However, high cost of the device and stringent regulatory approval procedures restrict the market growth. Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2171 Asia-Pacific is projected to grow at the highest CAGR of 11.4% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to overcome the unmet medical needs. Technological advancements to develop cost-effective devices in these nations offer a lucrative opportunity for market growth. The major company profiles Are:
Get a purchase enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2171 Cardiac bionics are expected to dominate the market throughout the analysis period, owing to the increase in the incidence of cardiac disorders, such as heart failure and structural heart defects. On the other hand, bionic eye segment is expected to grow at the highest CAGR of 13.9% during the forecast period. Key findings of Medical Bionics Market:
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