The research report gives a special focus on the strengths and weaknesses of the leading participants and offers a comprehensive SWOT analysis and an investigative study for their evolution through extensive historical analysis. Additionally, the global Bionics market is segmented into product types, applications, regions, and end-user industries. The report utilizes Porter’s Five Forces analysis to offer accurate predictions about the growth rate of the market. The study investigates and assesses the global Bionics market in terms of market size, market share, and revenue generation. The report also assesses the growth of the segments of the Bionics market over the forecast timeline.
The term ‘bionics’ is a portmanteau coined by American physician Dr. Jack E. Steele in August 1958, using the words biology and electronics. Bionics, which signifies biologically inspired engineering, is the application of various biological methods to the study and design of engineering systems. In simpler words, bionics is the study of various mechanical systems that function like the natural biological systems of living beings. Common examples of bionics in the field of engineering include radar, sonar, the hulls of boats that imitate dolphins’ thick skin, and medical ultrasound imaging that mimics animal echolocation. In computer science, bionics holds a great deal of significance as it has help scientists develop artificial neural networks, artificial neurons, and swarm intelligence.
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The prominent players participating in this industry include:
- Biomet, Inc.
- Zimmer Biomet
- Iwalk, Inc.
- ABIOMED, INC
- Berlin Heart Gmbh
- Ekso Bionics Boston Scientific Corporation
- Edward Lifesciences Corporation
- Jarvik Heart, Inc.
- Heartware International, Inc.
- SynCardia Systems, LLC
The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.
By Product Type:
- Ear Bionics
- Cochlear Implants
- Auditory Brainstem Implants
- Bone Anchored Hearing Systems
- Vision Bionics
- Orthopedic Bionics
- Upper limb
- Lower limb
- Electrical Bone Growth Stimulators
- Cardiac Bionics
- Total Artificial Heart
- Ventricular Assist Device
- Biventricular Assist Device (BIVAD)
- Left Ventricular Assist Device (LVAD)
- Right Ventricular Assist Device (RVAD)
- Artificial Heart Valves
- Neural/Brain Bionics
- Internal Neurostimulators
- Deep Brain Stimulators (DBS)
- Spinal Cord Stimulators (SCS)
- Vagus Nerve Stimulators (VNS)
- Sacral Nerve Stimulators (SNS)
By Method of Fixation
- External Bionics
- Implantable Bionics
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The global Bionics market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include:
- North America (U.S., Canada, Mexico)
- South America (Brazil, Argentina, Ecuador, Chile)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, Japan, India, Korea)
- Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key questions addressed in the report:
- Which of the leading market regions accounts for the highest global market share?
- What is the current valuation of each region and the estimated remuneration over the forecast timeline?
- What are the sales estimates for every regional segment in the Bionics market over the projected period?
- What is the projected growth rate likely to be demonstrated by each region in the global Bionics market?
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