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(MoneyNewsWire.Net, September 28, 2017 ) According to the report Asia Pacific Artificial Organs and Bionics Industry, published by Market Data Forecast, The Industry has been estimated at USD 4.07 Billion in 2016 and is projected to reach USD 6.67 Billion by 2021, at a CAGR of 10.40% during the forecast period from 2016 to 2021.
Artificial organs are man-made devices which are integrated into human body to replace the natural organs which are either partially or completely not performing its functions at all. Bionic implants are mechanical or electronic systems that function like living organisms or parts of living organisms.
Browse Market data tables and in-depth TOC of the Asia Pacific Artificial Organs and Bionics Industry to 2021 @ http://www.marketdataforecast.com/market-reports/asia-pacific-artificial-organs-and-bionics-market-1664/
The Industry for Artificial Organs and Bionics is mainly driven due to increasing prevalence of acute renal failure and renal disorders due to lifestyle habits such as excessive alcohol consumption and growing geriatric population base causing a rise in organ failure rates. But, the Industry growth can be hampered due to continuous technological advances in artificial organ product designs which have made it difficult to redeem clear cost effectiveness, and high implantation cost of artificial organs.
Asia Pacific Industry for Artificial Organs and Bionics is segmented based on Product, Technology and Type of fixation. By Products, the Industry is further sub-segmented into Artificial Organs and Bionics. Artificial Organs segment is further sub-segmented into Artificial Heart, Artificial Kidney, Artificial liver, Artificial pancreas, and Artificial lungs. Bionics segment is further sub-segmented into Vision bionics, Orthopedic bionic, Cardiac Bionics, and Brain bionics. By Technology, the Industry is further sub-segmented into Electronic bionics and Mechanical bionics. By Type of fixation, the Industry is further sub-segmented into Implantable and Externally-worn. Cardiac bionics and Brain bionics accounts for the largest share in this Industry.
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Geographically, Asia Pacific Industry for Artificial Organs and Bionics is segmented into China, India, Japan, South Korea and Australia. The Artificial Organs and Bionics Industry in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing aging population and large consumer base, rising government initiatives for enhancing healthcare, and high disposable income.
Orthofix International N.V., Biomet, Inc., Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc., Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Jarvik Heart Inc. are the major players of Asia-Pacific Artificial Organs and Bionics Industry.
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Key Points from Table of Contents
Overview
Executive Summary
Key Inferences
New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Asia Pacific Artificial Organs and Bionics Industry: Segmentation
Product
o Artificial Organs
o Bionics
Technology
o Electronic bionics
o Mechanical bionics
Type of fixation
o Implantable
o Externally worn
Geographical Analysis
China
India
Japan
South Korea
Australia
Strategic Analysis
PESTLE analysis
Porters Five analysis
Industry Leaders' Analysis
Competitive Landscape
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