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.
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 |
Report Title |
USA Artificial Organs Bionic Implants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
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]) |
Geographical Zone |
US |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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. |
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.
The USA artificial organs bionic implants have been segmented on the basis of
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.
Some other reports from this category!