United States bionics market are
anticipated to show a robust growth in the upcoming five years, 2023-2027. 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
fractures.
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.
Objective
of the Study:
- To analyze the historical
growth of the market size of United States bionics market from 2017 to 2020.
- To estimate and forecast the market size of United
States bionics market from 2021 to 2027 and growth rate until 2027.
- 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 market.
- To identify drivers and challenges for United
States bionics market.
- To 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.
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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.
Key
Target Audience:
- 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 devices
- 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.
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Attribute
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Details
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022E
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Forecast Period
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2023F – 2027F
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Type
·
Technology
·
Fixation
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Region Scope
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South-Region, West-Region, Mid-West Region & Northeast-Region
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Key Companies Profiled
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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)
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
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
- Others
- United States Bionics Market, By Technology:
o Mechanical
o Electronic
- United States Bionics Market, By Fixation:
o Internal
o External
- United States Bionics Market, By
Region:
- South West
- Mid-West
- North East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States bionics market.
Available Customizations:
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:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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 [email protected]