Global Medical Bionics Market Growth, Share, Size, Trends and Forecast (2021 - 2027)

Segmented by Product;

Vision Bionics/Bionic Eye and Ear Bionics - Cochlear Implants, Bone Anchored Hearing Systems and Auditory Brainstem Implants, Orthopedic Bionics - Upper limb and Lower limb[Bionic Knee and Bionic Feet], - Exoskeleton and Electrical Bone Growth Stimulators[Invasive Bone Growth Stimulators and Non-Invasive Bone Growth Stimulators] - Pacemaker, Total Artificial Heart and Ventricular Assist Device[Left Ventricular Assist Device (LVAD), Right Ventricular Assist Device (RVAD) and Biventricular Assist Device (BIVAD)], - Artificial Heart Valves[Mechanical Heart Valves and Tissue Heart Valves] - Internal Neurostimulators[Deep Brain Stimulators (DBS), Sacral Nerve Stimulators (SNS), Vagus Nerve Stimulators (VNS), Spinal Cord Stimulators (SCS) and Other Neurostimulators], - External Neurostimulators.

Segmented by Method of Fixation;

Implantable Bionics and External Bionics.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2017 - 2027).
Report ID: Rn151672001 Published Date: April, 2021 Updated Date: May, 2021

Introduction

Global Medical Bionics Market (USD Million), 2017 - 2027

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2017 - 2027
2017 59.5
2018 69.3
2019 80.9
2020 87.3
2021 99.6
2022 102.5
2023 112.8
2024 126.8
2025 136.6
2026 138.0
2027 161.5

In the year 2020, the Global Medical Bionics Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2027, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Method of Fixation
    3. Market Snapshot, By Region
    4. Market Opportunity Map
  4. Global Medical Bionics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise in number of patients suffering from chronic diseases
        2. Increasing pool of geriatric population
        3. Technological advancements
        4. Increasing government focus on funding R&D initiatives
      2. Restraints
        1. High cost of treatment
        2. Stringent approval process
      3. Opportunities
        1. Lucrative opportunities in emerging economies
    2. Regulatory Scenario
    3. Reimbursement Scenario
    4. Mergers & Acquisitions, Collaborations & Partnerships, Agreements
    5. Pipeline Analysis/Technological Advancements
    6. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    7. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Medical Bionics Market, By Product, 2019 - 2029 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2021 and 2027 (%)
      3. Y-o-Y Growth Analysis, 2018 - 2027
      4. Segment Trends
        1. Vision Bionics/Bionic Eye
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
        2. Ear Bionics
          1. Introduction
          2. Market Share Analysis, 2021 and 2027 (%)
          3. Y-o-Y Growth Analysis, 2018 - 2027
          4. Segment Trends
            1. Cochlear Implants
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            2. Bone Anchored Hearing Systems
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            3. Auditory Brainstem Implants
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
        3. Orthopedic Bionics
          1. Introduction
          2. Market Share Analysis, 2021 and 2027 (%)
          3. Y-o-Y Growth Analysis, 2018 - 2027
          4. Segment Trends
            1. Upper limb
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            2. Lower limb
              1. Introduction
              2. Market Share Analysis, 2021 and 2027 (%)
              3. Y-o-Y Growth Analysis, 2018 - 2027
              4. Segment Trends
                1. Bionic Knee
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                2. Bionic Feet
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            3. Exoskeleton
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            4. Electrical Bone Growth Stimulators
              1. Introduction
              2. Market Share Analysis, 2021 and 2027 (%)
              3. Y-o-Y Growth Analysis, 2018 - 2027
              4. Segment Trends
                1. Invasive Bone Growth Stimulators
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                2. Non-Invasive Bone Growth Stimulators
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
        4. Cardiac Bionics
          1. Introduction
          2. Market Share Analysis, 2021 and 2027 (%)
          3. Y-o-Y Growth Analysis, 2018 - 2027
          4. Segment Trends
            1. Pacemaker
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            2. Total Artificial Heart
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            3. Ventricular Assist Device
              1. Introduction
              2. Market Share Analysis, 2021 and 2027 (%)
              3. Y-o-Y Growth Analysis, 2018 - 2027
              4. Segment Trends
                1. Left Ventricular Assist Device (LVAD)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                2. Right Ventricular Assist Device (RVAD)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                3. Biventricular Assist Device (BIVAD)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            4. Artificial Heart Valves
              1. Introduction
              2. Market Share Analysis, 2021 and 2027 (%)
              3. Y-o-Y Growth Analysis, 2018 - 2027
              4. Segment Trends
                1. Mechanical Heart Valves
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                2. Tissue Heart Valves
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
        5. Neural/Brain Bionics
          1. Introduction
          2. Market Share Analysis, 2021 and 2027 (%)
          3. Y-o-Y Growth Analysis, 2018 - 2027
          4. Segment Trends
            1. Internal Neurostimulators
              1. Introduction
              2. Market Share Analysis, 2021 and 2027 (%)
              3. Y-o-Y Growth Analysis, 2018 - 2027
              4. Segment Trends
                1. Deep Brain Stimulators (DBS)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                2. Sacral Nerve Stimulators (SNS)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                3. Vagus Nerve Stimulators (VNS)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                4. Spinal Cord Stimulators (SCS)
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
                5. Other Neurostimulators
                  1. Introduction
                  2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
            2. External Neurostimulators
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
    2. Global Medical Bionics Market, By Method of Fixation, 2019 - 2029 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2021 and 2027 (%)
      3. Y-o-Y Growth Analysis, 2018 - 2027
      4. Segment Trends
        1. Implantable Bionics
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
        2. External Bionics
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027 (USD Million)
    3. Global Medical Bionics Market, By Geography, 2019 - 2029 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2021 and 2027 (%)
      3. Y-o-Y Growth Analysis, 2018 - 2027
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
        4. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
        5. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 - 2027 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Method of Fixation, 2017 - 2027 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. Abott Laboratories
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. Boston Scientific Corporation
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. Cochlear Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. Livanova Plc
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. Medtronic Plc
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. Orthofix Holdings, Inc.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. Ossur
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      8. Retina Implant Ag
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      9. Sonova
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      10. Second Sight Medical Products, Inc.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      11. Syncardia Systems, Llc
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      12. William Demant Holding A/S
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market

Research Methodology

As it might be evident by now, we named our company to represent our research methodology. We know what you are thinking by this point; of all the ways in which a company can be named, why to name it after research methodology?

The answer is straight and simple, it is the research methodology that separates Good Research from Great Research. Hence, we couldn’t find a better way to name our company.

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As our name indicates, our research methodology involves 3 main steps:

  • Research – Involves market scoping followed by fixing of market taxonomy/segmentation and collection of both qualitative and quantitative data relevant to market segments.
  • Analysis – Involves analysis of the data collected in previous step to get an understanding of the market from different viewpoints.
  • Insights – Involves generating actionable insights using the market understanding that was developed in the previous step.

RESEARCH

STEP 1:

Market Scoping
  • In this step, we try to determine if there is a gap/potential for growth in the market that we are planning to study. This step is extemely important as it helps us to decide if, our insights can help the clients in filling a gap in the market or tap into the potential growth opportunities.
  • We proceed to next steps of research only if we find the gap/potential for growth in the market we are planning to study.

STEP 2:

Fixing Market Taxonomy
  • In this step, we study differnet ways in which the market can be segmented in order to facilitate the best possible analysis of the market followed by deriving actionable insights. By the end of this step, we segment the market in the best possible way.

STEP 3:

Data Collection MethodsApproaches/Sources

Primary Research
  • Paid primary calls
  • Cold Calling
  • Email Outreach
  • Surveys
  • In person interviews
Secondary Research
  • Databases
    • Paid
    • Free
  • Press Releases
  • Whitepapers
  • Company Websites
  • SEC Filings

Types of Data Collected

Qualitative Data

This involves collection of information regarding various factors that impact the market/market trends. The qualitative data inclues (but not lmited to):

  • Information on product/service launches
  • Information on product development breakthroughs (pipeline data collection).
  • Information on regulatory changes
  • Factors affecting price changes
  • Information on regional trends.
  • Information required to determne market drivers, restraints and opportuntinites.
  • Changes in Political, Economic, Social and Technological factors.
  • Information about business overview and strategy of key players in the market.
  • Information required for SWOT Analysis of companies.

Quantitative Data

This involves collection of data to determine market size, market share, company revenues etc. Some of the quantitative data includes (but not limited to):

  • Average Selling Price (ASP) of products.
  • Product Volume or the data that can help in determining product volume.
  • Company financials
  • Data required to determine company market share.

ANALYSIS

STEP 1:

Connecting the Dots/ Econometric Modelling/ Market Modelling/ Internal Analysis
In this step, we do the following
  • Data Consolidation.
  • Correlating between qulitative and quantitative data through econometric modelling.
  • Filling the gaps in data through market modeeling.
  • Indentifying data patterns and deriving market trends through internal analysis.

STEP 2:

Data Validation
  • In This step, we validate the collected data through triangulation of primary research data, secondary research data and the data derived through ReAnin Internal analysis.

STEP 3:

Market Forecasting
  • In this step, we preodct/forecast the future market size and market trends based on historical data patterns and market trends.
Research

Market Scoping

Fixing Market Taxonomy / Segmentation

Data Collection

Data Collection

Primary Research
Collection of Qualitative Data
Collection of Quantitative Data
Secondary Research
Collection of Qualitative Data
Collection of Quantitative Data
Analysis

Connectin the Dots/ Econometric Modeeling/ Market Modelling/ Internal

Data Validation

Market Forecasting

Insights
  • What's working and what's not
  • Strategies to improve revneues in near term.
  • Insights on possible product obsolescence in near term and long term.
  • Best go to market strategy for new companies / products.
  • Strategies / Actions for being future proof.
  • Investment Opportunities.
  • Exit Strategies (If applicable).

Why Buy This Report?

This report can help you in

  • Increasing your revenues by giving you access to information about key trends, innovative products and technologies, market segments and companies operating in this market.
  • Developing business strategies through better understanding of the trends shaping and driving this market.
  • Organizing your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
  • Tracking segment wise market size and share at Global, Regional and Country levels.
  • Improving your business strategy by giving you access to competitor information, analysis, and insights.
  • Identification of emerging players with potentially strong product portfolios and creating effective counter strategies to gain a competitive advantage.
  • Formulating market entry and market expansion strategies

The ReAnin Difference:

  • We are strong believers in client approach
  • We provide 100% free customization for all our deliverables
  • We provide free after sales analyst support for a period of 1 full year from the date of sale.
  • We know the difference between "Good Research" and "Great Research"

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