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Spain Artificial Organs & Bionic Implants Market Trends 2031
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Spain Artificial Organs & Bionic Implants Market Trends 2031

Segments - Spain Artificial Organs & Bionic Implants Market by Products (Artificial Organs [Artificial Heart, Artificial Kidney, and Others] and Bionics [Vision Bionic, Ear Bionic, Orthopaedic Bionic, Cardiac Bionics, and Others]) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Vishal Golekar

Upcoming | Report ID :HC-2016 | 4.7 Rating | 56 Reviews | 189 Pages | Format : PDF Excel PPT

Report Description


The Spain artificial organs & bionic market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 11.64% during 2023–2031. The growth of the market is attributed to the increasing innovation in the healthcare technologies, rising incidence of disorders, and growing number of accidents & injuries in the country.

Artificial organs and bionics are man-made devices or tissue that can be implanted or integrated into the human body. These devices provide support for the purpose of restoring specific function or a group of related functions. Artificial organs are mechanical devices that can temporarily or permanently substitute a body organ. Bionics refers to the replacement or improvement of body parts. 

Spain Artificial Organs and Bionic Implants Market Outlook

Increasing R&D activities in areas of vision, bladder, kidney and brain is anticipated to boost the market growth. Ongoing research focuses on restoring short-term memory in accident victims and long-term memory in dementia patients. Cardiovascular-related artificial organs are implanted in the patient whose heart valves, and other circulatory systems don’t function properly.

  • Increasing incidence of disabilities and organ failures is estimated to foster the market expansion during the forecast period.

  • Rising medical tourism in Spain is projected to drive the market growth.

  • Growing number of patients that are undergoing medical treatment for cardiac and renal surgeries is expected to proliferate the growth of the market.

  • Increasing awareness programs about bionics and artificial organs can positively influence the market growth during the forecast period.

  • Lack of availability of potential organs to transplant can hinder the market growth during the forecast period.

  • Limited reimbursement schemes, lack of surgical expertise, and high cost of transplant can impede the market growth in the projected timeline.

  • The COVID-19 pandemic had negatively impact the market growth owing to increasing burden on the healthcare industry. However, the declining cases and improvement in reimbursement scenario are expected to stimulate the growth of the market.

  • Ongoing R&D investments and increasing technological advancements are speculated to boost the healthcare expenditure and emergence of new healthcare facilities. This, in turn, is expected to fuel the growth of the Spain artificial organ bionic implants market.

Scope of Spain Artificial Organs & Bionic Implants Market Report

The report on the Spain artificial organ & bionic implants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Spain Artificial Organ & Bionic Implants Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Products (Artificial Organs [Artificial Heart, Artificial Kidney, and others] and Bionics [Vision Bionic, Ear Bionic, Orthopaedic Bionic, Cardiac Bionics, and Others

Geographic Zone

Spain

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Medtronic plc, Zimmer Biomet, Boston Scientific Corporation, Sonova Holding AG(Advanced Bionics), and Otto Bock Holding GmbH & Co. KG

Spain Artificial Organ & Bionic Implants Market Segment Insights

Bionic segment is projected to constitute a large market share

On the basis of products, the market is bifurcated into artificial organs and bionics. The artificial Organs segment is further divided into artificial heart, artificial kidney, and others. On the other hand, the bionics segment is classified as vision bionic, ear bionic, orthopaedic bionic, cardiac bionics, and others. The bionics segment is expected to account for a key market during the forecast period.  Increasing prevalence of cardiovascular diseases and growing geriatric population are expected to propel the segment growth.  Moreover, rising awareness about the benefits of bionic and increasing adoption of non-invasive surgeries are driving the growth of the bionics segment.

The artificial organs segment is anticipated to grow at a healthy rate during the forecast period. Increasing awareness about the benefits of artificial organs and growing innovation in the development of artificial organs to reduce costs and improve the efficiency are positively influencing the segment growth.

Spain Artificial Organs and Bionic Implants Market Products

Segments

The Spain artificial organ & bionic implants market has been segmented on the basis of

Products

  • Artificial Organs
    • Artificial Heart
    • Artificial Kidney
    • Others
  • Bionics
    • Vision Bionic
    • Ear Bionic
    • Orthopaedic Bionic
    • Cardiac Bionics
    • Others

Country

  • Spain

Key Players

  • Medtronic plc
  • Zimmer Biomet
  • Boston Scientific Corporation
  • Sonova Holding AG(Advanced Bionics)
  • Otto Bock Holding GmbH & Co. KG

Competitive Landscape

Key players competing in the Spain artificial organ & bionic implants market include Medtronic plc, Zimmer Biomet, Boston Scientific Corporation, Sonova Holding AG(Advanced Bionics), and Otto Bock Holding GmbH & Co. KG.

The strategies implemented by the market players include agreements, collaborative models, business expansion, and product developments.

Spain Artificial Organs and Bionic Implants Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Artificial Organs & Bionic Implants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Artificial Organs & Bionic Implants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Artificial Organs & Bionic Implants Market - Supply Chain
  4.5. Global Artificial Organs & Bionic Implants Market Forecast
     4.5.1. Artificial Organs & Bionic Implants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Artificial Organs & Bionic Implants Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Artificial Organs & Bionic Implants Market Absolute $ Opportunity
5. Global Artificial Organs & Bionic Implants Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Artificial Organs & Bionic Implants Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Artificial Organs & Bionic Implants Demand Share Forecast, 2019-2026
6. North America Artificial Organs & Bionic Implants Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Artificial Organs & Bionic Implants Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Artificial Organs & Bionic Implants Demand Share Forecast, 2019-2026
7. Latin America Artificial Organs & Bionic Implants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Artificial Organs & Bionic Implants Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Artificial Organs & Bionic Implants Demand Share Forecast, 2019-2026
8. Europe Artificial Organs & Bionic Implants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Artificial Organs & Bionic Implants Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Artificial Organs & Bionic Implants Demand Share Forecast, 2019-2026
9. Asia Pacific Artificial Organs & Bionic Implants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Artificial Organs & Bionic Implants Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Artificial Organs & Bionic Implants Demand Share Forecast, 2019-2026
10. Middle East & Africa Artificial Organs & Bionic Implants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Artificial Organs & Bionic Implants Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Artificial Organs & Bionic Implants Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Artificial Organs & Bionic Implants Market: Market Share Analysis
  11.2. Artificial Organs & Bionic Implants Distributors and Customers
  11.3. Artificial Organs & Bionic Implants Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Medtronic plc
     11.4.2. Zimmer Biomet
     11.4.3. Boston Scientific Corporation
     11.4.4. Sonova Holding AG(Advanced Bionics)
     11.4.5. Otto Bock Holding GmbH & Co. KG

Methodology

Our Clients

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Honda Motor Co. Ltd.
Siemens Healthcare
General Electric
Pfizer
Deloitte
Nestle SA
Microsoft