(MoneyNewsWire.Net, January 12, 2018 ) According to the report Europe Artificial Organs and Bionics Market, published by Market Data Forecast, The market has been estimated at USD 5.00 Billion in 2016 and is projected to reach USD 7.65 Billion by 2021, at a CAGR of 8.90% during the forecast period from 2016 to 2021.
Artificial organ is man-made machine or device that is used to replace the functions of missing or faulty organ and restores the functions of original organ. Medical bionics refers to the study of artificial body parts that are substituted for a natural biological capability.
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The market for Artificial Organs and Bionics is mainly driven due to increasing rate of organ failures due to age-related disorders, lack of organ donors, technological advancements, and high incidence of road accidents and injuries leading to amputations. But, the market growth can be constrained due to high cost of devices and uncertain reimbursement scenarios in different regions, limited surgical expertise, and high cost of development.
Europe Artificial Organs and Bionics Market: Segmentation
o Artificial Heart
o Artificial Kidney
o Artificial liver
o Artificial pancreas
o Artificial lungs
o Vision bionics
o Ear bionics
o Orthopedic bionic
o Cardiac Bionics
o Brain bionics
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Y-o-Y Growth Analysis, By Technology
Market Attractiveness Analysis, By Technology
Market Share Analysis, By Technology
Type of fixation
Y-o-Y Growth Analysis, By Type of fixation
Market Attractiveness Analysis, By Type of fixation
Market Share Analysis, By Type of fixation
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Geographically, Europe market for Artificial Organs and Bionics is segmented into U.K., Germany, Spain, France and Italy. Europe is the second biggest market in terms of market share across the globe. There is a high demand from the patients for organ transplantation surgery, whereas availability of the donors to fulfill this demand is low. Due to this factor, the market is experiencing fair growth in Europe.
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 Europe Artificial Organs and Bionics market.
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Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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