USA Artificial Organs Bionic Implants Market
Segments - by Products (Artificial Organs [Artificial Heart, Artificial Kidney, Cochlear Implants, and Others], Bionics [Vision Bionics, Ear Bionics, Orthopedic Bionic, Cardiac Bionics, and Others]), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The USA artificial organs bionic implants market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for artificial limbs. Moreover, increasing healthcare expenditure in the country is expected to drive the market growth.
Artificial organs are made by medical professionals and are deployed in human bodies with living tissue. It performs the original function of human body parts. Artificial organs are used to replace the functions of a faulty or missing organ or other part of the human body.
Some of these organs include artificial heart and pacemaker. Bionics refers to the replacement or improvement of body parts by use of mechanical or electronic parts. Bionic implants refer to electronic or mechatronic parts that augment or restore physical functionality to a differently-abled person. Bionics merges biology, mechanics, engineering, and computer science to create realistic and functional parts of the body.
The major applications of bionics are arms, legs and hearing aids. Conversely, the strides are being made in areas such as organs, vision and brain. The bionics industry has grown around four major application areas, which are vision, hearing, orthopedics and a small, motley group of implants that augment cardiac and neurological functions.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing incidence of disabilities and organ failures in geriatric patients is one of the major drivers that is contributing to the growth of the USA artificial organs bionic implants market.
- Rising technological advancements, leading to enhanced applications of various implants and artificial organs is expected to augment the market growth.
- The Covid-19 pandemic has impacted the artificial organ bionic implant market owing to the disruption in the supply chain. However, the market is anticipated to recover soon.
- Fear of device malfunction and infection can restrain the growth of the market.
- Limited specialists to carry out the procedure in the artificial organic and bionic implant segment in turn can hinder the market growth.
- Growing number of grants to fund the research and development in the field of artificial organs and bionics is expected to create lucrative opportunities in the projected timeline.
- Ongoing technological advancements is expected to create lucrative opportunities during the forecast period.
Scope of Artificial Organs Bionic Implants Market Report
The report on the USA artificial organs 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 |
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Report Title |
USA Artificial Organs Bionic Implants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Products (Artificial Organs [Artificial Heart, Artificial Kidney, Cochlear Implants, and Others], Bionics [Vision Bionics, Ear Bionics, Orthopedic Bionic, Cardiac Bionics, Others]) |
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Geographical Zone |
US |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ABIOMED, Boston Scientific Corporation, Berlin Heart GmbH, Edward Lifesciences Corporation, Otto Bock Holding GmbH & Co. KG, LifeNet Health and Medtronic plc. |
Artificial Organs Bionic Implants Market Segment Insights
Bionics segment to grow at a rapid pace
Based on products, the market is divided into artificial organs and bionics. The artificial organs segment is further divided into artificial heart, artificial kidney, cochlear implants, and others. The bionic segment is divided into vision bionics, ear bionics, orthopedic bionic, cardiac bionics, and others. The bionics segment is anticipated to grow at a rapid pace during the forecast period.
Increasing prevalence of cardiovascular diseases associated with the increasing geriatric population in the US is expected to drive the segment growth. According to Centres for Disease Control and Prevention, heart disease is the leading cause of death for men, women, and among racial and ethnic groups in the United States. It has been found that one person dies every 36 seconds in the US from cardiovascular disease.
Segments
The USA artificial organs bionic implants have been segmented on the basis of
Products
- Artificial Organs
- Artificial Heart
- Artificial Kidney
- Cochlear Implants
- Others
- Bionics
- Vision Bionics
- Ear Bionics
- Orthopedic Bionic
- Cardiac Bionics Others
Country
- US
Key Players
- Boston Scientific Corporation
- Berlin Heart GmbH
- Edward Lifesciences Corporation
- Abiomed Inc.
- Otto Bock Holding GmbH & Co. KG
- LifeNet Health
- Medtronic plc
Competitive Landscape
The major players of the market are ABIOMED, Boston Scientific Corporation, Berlin Heart GmbH, Edward Lifesciences Corporation, Otto Bock Holding GmbH & Co. KG, LifeNet Health and Medtronic plc. Companies are investing in research and development, and focusing on strategies such as agreements, collaborative models, acquisitions, and partnerships to expand their market share.
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. Boston Scientific Corporation
11.4.2. Berlin Heart GmbH
11.4.3. Edward Lifesciences Corporation
11.4.4. Abiomed Inc.
11.4.5. Otto Bock Holding GmbH & Co. KG
11.4.6. LifeNet Health
11.4.7. Medtronic plc
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. Boston Scientific Corporation
11.4.2. Berlin Heart GmbH
11.4.3. Edward Lifesciences Corporation
11.4.4. Abiomed Inc.
11.4.5. Otto Bock Holding GmbH & Co. KG
11.4.6. LifeNet Health
11.4.7. Medtronic plc
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