United States bionics market are
anticipated to show a robust growth in the upcoming five years, 2022-2026. The
market growth can be attributed to rising instances of disabilities and organ
failures. Moreover, high instances of road accidents that lead to amputations
are actively responsible for the growth of the United States bionics market.
Increasing prevalence of targeted disabilities is also playing a major role in
the growth of the United States bionics market in the upcoming five years.
Multiple technological advancements like robotic arms, and robotics legs are
also popular among the patients who had severed limbs due to various kinds of
accidents. Moreover, rising number of soldiers with amputated limbs are
supporting the growth of the market in the next five years.
Bionics are the biologically inspired
engineering that aids the applications of biological methods and systems found
in nature to the study and design of engineering systems and modern technology.
It is the science of making artificial systems that can function and has
properties of living systems. The prototype used is that of a living organism,
but holds lot more strength, and capacity than the living system. In simple
terms, it is also referenced as a mimicry of the living systems using
technology. Most popular bionic devices are pacemakers, cochlear implants,
bionic eyes, Bionic nerve guides, robotic limbs, etc.
The United States bionics market is
segmented by type, technology, fixation, competitional landscape, and regional
distribution. Based on type, the market is further bifurcated into orthopedic
bionics, cardiac bionics, neural bionics, ear bionics, and others. Cardiac
bionics are anticipated to assert its dominance over the market segment and
hold the largest revenue shares of the market in the next five years due to
rising instances of cardiac failures and demand of cardiac bionic devices like
pacemakers. Rising obesity, and cholesterol increase problems are further
substantiating the United States bionics market. Due to advancing technologies
and consistent research going on, neural bionics is anticipated to register the
fastest growth in the CAGR in the next five years. Orthopedic bionics are also
expected to register significant growth in the upcoming five years on the
account of increasing traumatic accidents that lead to severed limbs and skull
A partial list of market player in the
United States Bionics market includes, Medtronic USA, Inc., Zimmer Biomet
Holdings, Inc., Edwards Lifesciences Corporation, Ekso Bionics Holdings Inc., Össur
Americas, Inc., Advanced Bionics Corporation, BionX Medical Technologies, Inc.
(Ottobock), among others. These market players hold larger shares of the market
than the new market players. With the advancement of the technology, it is appropriate
to say that the effective research and development of the technologically
advanced medical devices would support the market growth and benefit the market
players as well as the consumers. New market players may focus on the research
and development to provide devices that satisfies the consumer demand as well
as benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2026
Objective of the Study:
analyze the historical growth of the
market size of United States bionics market from 2016 to 2019.
estimate and forecast the market size of United States bionics market from
2020 to 2026 and growth rate until 2026.
- To classify and
forecast United States bionics market based on type,
technology, fixation, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States bionics
identify drivers and challenges for United States bionics market.
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in United States bionics market.
- To identify and analyze the profile
of leading players operating in United States bionics market.
- To identify key sustainable strategies adopted by market players in
United States bionics market.
Click here to download the sample
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of United States bionics market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
- Bionics manufacturers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to bionics and its
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
In this report, United States bionics market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States Bionics
Market, By Type:
- Orthopedic Bionics
- Cardiac Bionics
- Neural Bionics
- Ear Bionics
- United States Bionics Market, By Technology:
- United States Bionics Market, By Fixation:
- United States Bionics Market, By
- South West
- North East
analysis of the major companies present in United States bionics market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
United States Bionics
Market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at firstname.lastname@example.org
In case you don’t find what you are looking for, please get in touch with our custom research team at email@example.com
- Detailed analysis and profiling of
additional market players (up to five).