Global bionic device market
DUBLIN, March 5, 2024 (GLOBE NEWSWIRE) — “Bionic Devices Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insights, Inflation Impact, Company Analysis'' report added. I did. ResearchAndMarkets.com Recruitment.
This report on Bionic Devices Market provides an insightful analysis of industry trends, market share, growth potential, and impact of inflation in the global market from 2024 to 2030. This study provides a detailed overview of the advances and challenges of bionic devices. This includes a wide range of products from cochlear implants to neurobionic systems.
The adoption of these life-enhancing technologies is increasing significantly, paving the way for a projected market size of approximately USD 9.37 billion by 2030. With a compound annual growth rate (CAGR) expected to be 8.44% from 2024 to 2030, the market is expected to grow rapidly due to technological innovations and the prevalence of chronic diseases and disabilities across the globe.
This research covers various areas of the bionic device industry, including auditory bionics, cardiac transplantation, orthopedic bionics, and neurobionics. It provides a thorough analysis of the market's diverse product offerings, the impact of technological evolution, and the critical role of bionic devices in improving the quality of life for individuals with disabilities.
Trends and predictions
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Auditory bionic/cochlear implants will be a significant market driver.
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The implantable device sector is expected to see significant growth.
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Mechanical technology remains essential to the advancement of bionic devices.
Further diversifying the market scope, this report categorizes the Bionic Devices market by technology and highlights the contribution of electronic and mechanical technologies. Hospitals and clinics are expected to lead the end-user segment of the bionic devices market due to their important role in patient care.
The United States has emerged as a leader in the bionic device industry, backed by a robust medical infrastructure and appetite for innovation. The report analyzes the industry across various regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, highlighting country-specific market advantages and opportunities.
The research document also provides an in-depth competitive analysis of key players in the global bionic devices market such as Abbott Laboratories, Abiomed, and Edward Lifesciences Corporation. Recent developments, including Abbott's FDA approval of his AVEIR Dual Chamber Leadless Pacemaker System, shine a light on how companies are advancing technology.
Ecosystem impact of bionic devices
The bionic devices market is undergoing a transformation in line with global medical trends focused on inclusivity and improving patient outcomes. These devices are no longer just medical solutions, but symbols of empowerment that promote independence for people with disabilities. As society moves towards enhanced healthcare delivery, the impact that bionic devices will have on patient care and rehabilitation cannot be overstated. This study highlights the transformative power of bionic devices in the healthcare industry and beyond.
key attributes
|
report attributes |
detail |
|
number of pages |
215 |
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Forecast period |
2023-2030 |
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Estimated market value in 2023 (USD) |
$5.32 billion |
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Projected market value to 2030 (USD) |
$9.37 billion |
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compound annual growth rate |
8.4% |
|
Target area |
global |
Companies mentioned
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Abbott Laboratories
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Abiomed
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edward life sciences
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Rewalk Robotics Co., Ltd.
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Boston Scientific Corporation
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Baxter International Co., Ltd.
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Cochlear Co., Ltd.
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Medtronic PLC
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William Demant Holdings A/S
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EKSO Bionics Holdings Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/2rpzja.
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