HTF MI recently introduced Global Bionic Devices Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Össur (Iceland), Ekso Bionics (United States), Medtronic (Ireland), Cochlear Limited (Australia), Zimmer Biomet (United States), Abbott Laboratories (United States), Stryker Corporation (United States), Boston Scientific Corporation (United States), Second Sight Medical Products (United States), Hocoma AG (Switzerland), Open Bionics (United Kingdom), Touch Bionics (United Kingdom), Ottobock (Germany), Cyberdyne Inc. (Japan), Bionik Laboratories Corp. (Canada).
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According to HTF Market Intelligence, the Global Bionic Devices market is expected to grow from USD in 2023 to USD by 2030, with a CAGR of % from 2024 to 2030. The market is segmented by Application (Prosthetic Limbs, Exoskeletons, Cochlear Implants, Others) by Type (Healthcare, Rehabilitation Centers, Military and Defence, Others) by Fixation (Implantable, Wearable) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
The word “bionics,” which is synonymous with “biomimetics,” refers to the integration of human-engineered systems to benefit from practical mechanisms/structures found in nature. The development of bionic prosthetic hands is moving at a frenetic pace. Individuals with amputations can now feel contact with a mind-controlled arm prosthesis that they use in daily life thanks to technological advancements. Only a limited number of people employed in highly specialized units need to have a thorough understanding of this area of medicine. However, as technology advances, the need for and use of bionic devices is expected to grow, necessitating a greater understanding. High manufacturing rates and a lack of continuity in insurance plans are, unfortunately, major barriers to prosthetic adoption. These factors are exacerbated in many developed countries, especially where knowledge and access to prosthetic technology are not widespread.
Market Trends:
- Integration with Artificial Intelligence (AI)
- Technical Progress in Bionics
Market Drivers:
- Prevalence of Amputation
- Prevalence of Organ Damaging Diseases
- Rising Geriatric Population
Market Opportunities:
- Growing Healthcare Investments
- Low Penetration Across Emerging Economies
Dominating Region:
Fastest-Growing Region:
- Bionic Devices Market Dynamics, Size, and Future Growth Trend 2022-2028
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Bionic Devices market segments by Types: Healthcare, Rehabilitation Centers, Military and Defence, Others
Detailed analysis of Bionic Devices market segments by Applications: Prosthetic Limbs, Exoskeletons, Cochlear Implants, Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Bionic Devices Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Bionic Devices Market:
Chapter 01 – Bionic Devices Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Bionic Devices Market – Pricing Analysis
Chapter 05 – Global Bionic Devices Market Background or History
Chapter 06 — Global Bionic Devices Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Bionic Devices Market
Chapter 08 – Global Bionic Devices Market Structure & worth Analysis
Chapter 09 – Global Bionic Devices Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Bionic Devices Market Research Methodology
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