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Medical Bionics Market By Product (Heart Bionics, Orthopedic Bionics, Ear Bionics, Vision Bionics, Neural Bionics) By Application (Implantable Bionics, External Bionics) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Market Insights

Medical device manufacturers are currently focusing on the development of cellular-electrode interfaces and the employment of organic conductors as alternatives to metal electrodes. Organic conductors possess excellent electrical properties, such as unfettered conductivity and reduced impedance, to start the power system. They also possess high malleability in order to fabricate them as effective medical devices. Organic conductors must also have specific chemical properties such as hydrophilicity, biocompatibility, and thermostability to undergo sterilization without degradation of the above properties.

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The product segmentation of this study comprises heart bionics, orthopedic bionics, ear bionics, vision bionics, and neural bionics. The application segments include implantable bionics and external bionics. Data forecasts and market assessments for the duration of 2016–2026 are covered in the scope of the report.

Data forecasting and CAGR for the geographic segmentation are covered in the scope of the report.

The product portfolio exhibits the diverse range of medical bionics available with the key players and their applications for different disease conditions such as cardiac, neural, vision, etc. The latest news coverage gives brief information regarding the latest upgrades happening in the integrated circuit design of implantable bionics, mergers and acquisitions between research institutes, and medical device manufacturers. This market assessment is an important tool utilized for mapping the latest trends prevalent in the medical bionics market and supplementing them with market size and CAGR. Porter’s five forces model is included in the study to understand the competitive nature prevalent in the medical bionics market. The market leaders of the medical bionics market are Boston Scientific Corporation, BionX Medical Technologies, Inc., Cochlear Ltd., Edward Lifesciences Corporation, Ekso Bionics, LifeNet Health Inc., Medtronic Plc., Ossur, Second Sight Medical Products, Inc., and St. Jude Medical, Inc.

Based on product, the medical bionics market is categorized into:

  • Heart Bionics
  • Orthopedic Bionics
  • Ear Bionics
  • Vision Bionics
  • Neural Bionics

The transfer of technology between artificially created objects and living cells is called “bionics,” and the field is currently having huge applications in medical science. Bionics is further segregated into various disciplines, such as structural bionics, processing bionics, and information bionics, subject to their specific applications. Based on product types, heart bionics are currently dominating the products segment owing to the rising prevalence of cardiac complications such as arrhythmias, valvular stenosis, and congenital heart disease. Affordable reimbursement scenarios for heart bionics motivate people to undergo surgical procedures for such implants. Ear bionics, e.g., CochlearTM Nucleus® Kanso®, manufactured by Cochlear, Ltd., have tremendous potential for market growth in the near future due to the rising prevalence of otitis media and conductive hearing loss due to otosclerosis. The market leaders of the medical bionics market are Boston Scientific Corporation, BionX Medical Technologies, Inc., Cochlear Ltd., Edward Lifesciences Corporation, Ekso Bionics, LifeNet Health Inc., Medtronic Plc., Ossur, Second Sight Medical Products, Inc., and St. Jude Medical, Inc.

Based on applications, the medical bionics market is categorized into:

  • Implantable Bionics
  • External Bionics

Medical bionics has a potential future in the life sciences industry. The major challenges faced by the medical bionics market mainly comprise the lack of commercialization of bionic products, and hence they are not being prescribed by physicians for treating chronic ailments. Manufacturers are investigating features such as hermetically sealing bionic implants to protect the device’s circuit elements from the body’s solutions. Neural bionics manufacturers are using novel conductive polymers and micromachining approaches to create neural interfaces to deliver electrical impulses to the nervous system. Tissue-contacting materials, such as silicon polymers, are used in bionic implants to meet biocompatibility requirements and to interact with the biological environment. Implantable bionics currently leads the applications segment due to favorable features such as biocompatibility, mechanical stability, and corrosion resistance that favor long-term therapy for chronic ailments. External bionics is set to grow at a rapid pace on account of the increasing number of accidents leading to limb amputations and the evolution in ergonomic design of external bionics, making them easy to handle and operate.

For the purpose of this study, the global medical bionics market is categorized into the following regional and country-specific markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of the Middle East and Africa

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The Centers for Disease Control and Prevention 2014 report states that 7 out of 10 causes of death in the United States were chronic diseases, primarily lifestyle disorders. North America is the market leader in medical bionics, owing to rising demand for these products as the prevalence of chronic diseases rises, and healthcare infrastructure develops. Technological development in the nature of implantable bionics regarding integrated device circuits propels the North American market’s growth. The growth of the European market is driven by the supportive regulatory environment provided by the European Medical Agency for medical device approval. Eastern Europe serves as a lucrative market attributed to the development of healthcare infrastructure and the establishment of subsidiaries of key players engaged in the production of medical bionics. Asia Pacific will register excellent growth during the forecast period due to the huge patient pool suffering from chronic diseases. The emergence of domestic players manufacturing medical bionics has created a competitive market for market leaders, which has had a positive influence on the market growth of medical bionics in the Asia Pacific.

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III-Expert Panel Review
1.3.4. Assumptions

Chapter 2. Executive Summary
2.1. Global Medical Bionics Market Portraiture
2.1.1. Global Medical Bionics Market, by Product, 2017 (US$ Mn)
2.1.2. Global Medical Bionics Market, by Application, 2017 (US$ Mn)
2.1.3. Global Medical Bionics Market, by Geography, 2017 (US$ Mn)

Chapter 3. Medical Bionics Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Porter’s Five Forces Analysis
3.6. Attractive Investment Proposition, by Geography
3.7. Top 3 Countries: Global Medical Bionics Market, 2016-2026 (US$ Mn)
3.8. Competitive Landscape: Global Medical Bionics Market, by Key Players, 2016-2026 (US$ Mn)

Chapter 4. Global Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
4.1. Overview
4.1.1. Competitive Analysis: Global Medical Bionics Market, by Product, 2017 Vs. 2026 (Value %)
4.2. Heart Bionics
4.3. Orthopedic Bionics
4.4. Ear Bionics
4.5. Vision Bionics
4.6. Neural Bionics

Chapter 5. Global Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
5.1. Overview
5.1.1. Competitive Analysis: Global Medical Bionics Market, by Application, 2017 Vs. 2026 (Value %)
5.2. Implantable Bionics
5.3. External Bionics

Chapter 6. Global Medical Bionics Market, by Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America Medical Bionics Market Analysis, 2016 – 2026
6.2.1. North America Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
6.2.2. North America Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
6.2.3. North America Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Medical Bionics Market Analysis, 2016 – 2026
6.3.1. Europe Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
6.3.2. Europe Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
6.3.3. Europe Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Medical Bionics Market Analysis, 2016 – 2026
6.4.1. Asia Pacific Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. Rest of APAC
6.5. Latin America Medical Bionics Market Analysis, 2016 – 2026
6.5.1. Latin America Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
6.5.2. Latin America Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
6.5.3. Latin America Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Medical Bionics Market Analysis, 2016 – 2026
6.6.1. MEA Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
6.6.2. MEA Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
6.6.3. MEA Medical Bionics Market, by Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Boston Scientific Corporation
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. BionX Medical Technologies, Inc.
7.3. Cochlear Ltd.
7.4. Edward Lifesciences Corporation
7.5. Ekso Bionics Holdings, Inc.
7.6. LifeNet Health, Inc.
7.7. Medtronic Plc.
7.8. Ossur
7.9. Second Sight Medical Products, Inc.
7.10. St. Jude Medical, Inc.

List of Figures

FIG. 1 Medical Bionics: Market Segmentation
FIG. 2 Global Medical Bionics Market Share, by Product, 2017 (US$ Mn)
FIG. 3 Global Medical Bionics Market, by Application, 2017 (US$ Mn)
FIG. 4 Global Medical Bionics Market Share, by Geography, 2017 (US$ Mn)
FIG. 5 Attractive Investment Proposition, by Geography
FIG. 6 Market Competition Landscape, by Key Players, 2017
FIG. 7 Global Heart Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 8 Global Orthopedic Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 9 Global Ear Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 10 Global Vision Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 11 Global Neural Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 12 Global Implantable Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 13 Global External Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 14 U.S. Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 15 Canada Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 16 U.K. Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 17 Germany Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 18 Rest of Europe Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 19 Japan Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 20 China Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 21 Rest of Asia Pacific Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 22 Brazil Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 23 Mexico Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 24 Rest of Latin America Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 25 GCC Medical Bionics Market, 2016 – 2026 (US$ Mn)
FIG. 26 Rest of Middle East and Africa Medical Bionics Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 Global Medical Bionics Market Portraiture
TABLE 2 Global Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 3 Global Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 4 Global Medical Bionics Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 5 North America Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 6 North America Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 7 North America Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 8 Europe Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 9 Europe Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 10 Europe Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 11 Asia Pacific Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 12 Asia Pacific Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 13 Asia Pacific Medical Bionics Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 14 Latin America Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 15 Latin America Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 16 Latin America Medical Bionics Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 17 Middle East and Africa Medical Bionics Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 18 Middle East and Africa Medical Bionics Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 19 Middle East and Africa Medical Bionics Market, by Region, 2016 – 2026 (US$ Mn)
TABLE 20 Boston Scientific Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 21 BionX Medical Technologies, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 22 Cochlear Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 23 Edward Lifesciences Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 24 Ekso Bionics Holdings, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 25 LifeNet Health, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 26 Medtronic Plc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 27 Ossur: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 28 Second Sight Medical Products, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 29 St. Jude Medical, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

Frequently Asked Questions

What is the size of Medical Bionics Market?

The market for Medical Bionics is expected to reach US$ 36,818.2 Mn in 2026.

What is the Medical Bionics Market CAGR?

The Medical Bionics market is expected to see significant CAGR growth over the coming years,at 9.22%.

What is the Forecast period considered for Medical Bionics Market?

The report is forecasted from 2018-2026.

What is the base year considered for Medical Bionics Market?

The base year of this report is 2017.

Who are the major players in this Market?

Boston Scientific Corporation,BionX Medical Technologies, Inc.,Cochlear Ltd.,Edward Lifesciences Corporation,Ekso Bionics Holdings, Inc. are some of the major players in the global market.

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