Vital Organs Support Systems and Medical Bionics Market | Trends and Growth, Segmentation and Key Companies
An artificial organ is a medical device that is implanted in the human body to replace a malfunctioning part of the body and restore normal function.
PORTLAND, OREGON, UNITED STATES, October 15, 2022 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global Vital Organs Support Systems and Medical Bionics Market1 contributed $28.17 billion in 2017 and is estimated to garner $59.41 billion by 2025, growing at a CAGR of 9.9% from 2018 to 2025. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.
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An artificial organ is a medical device that is implanted in the human body to replace a malfunctioning part of the body and restore normal function. On the other hand, medical bionics is a collaboration between engineering and science to provide and design medical solutions for many patients. Some of the most famous examples of medical bionics are bionic hearing, brain stimulation, and vision devices. The vital organ support system and medical bionics market focuses on designing solutions to improve patients' lives and increase their longevity. Over the years, the global market has seen significant growth due to the lack of organ donors and the waiting list of patients who need organ transplants.
Major market players covered in the report, such as -
Abiomed, Inc,
Abbott Laboratories (St. Jude Medical),
Asahi Kasei Corporation (Evaheart Medical U.S.A., Inc.),
Baxter International Inc,
Boston Scientific Corporation,
Cochlear Ltd.,
Edwards Lifesciences Corporation,
Jarvik Heart, Inc,
Medtronic Plc. (Covidien Ltd.),
รssur Americas, Inc,
Second Sight Medical Products, Inc,
SynCardia Systems LLC
Key Benefits for Stakeholders-
โข The report provides quantitative analysis of market segments, current trends, strategies and potential of vital organs support systems and medical bionics market research to identify potential vital organs support systems and medical bionics market opportunities in genetics.
โข In-depth analysis of this sector helps identify current market opportunities.
โข Market analysis and information related to key drivers, restraints and opportunities are provided. โข Porter's Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
โข The largest countries in each region are listed according to their contribution to the global market.
โข Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
โข The report includes regional and global vital organs support systems and medical bionics market analysis, key players, market segments, application areas and Market growth strategies.
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The field of vital organ support systems and medical bionics has seen many technological advances in recent years. For example, the cochlear implant in this position has speech recognition in difficult listening situations, which helps to distinguish between speech in noise and background noise, to understand the sound of television or telephone and remote voice recognition. Chinese scientists have developed an artificial heart using rocket technology (using magnetics and liquid levitation of rocket systems).
TABLE OF CONTENT-
CHAPTER 1 - INTRODUCTION:
1.1. Report description
1.2. Key market segments
1.3. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2 - EXECUTIVE SUMMARY:
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3 - MARKET OVERVIEW:
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Market Share Analysis/Top Player Positioning
3.4. Porterโs Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunitiesโฆ
3.6. COVID-19 Impact Analysis on the market
The market for vital organ support systems and medical bionics is expected to show significant growth during the forecast period due to increasing geriatric population, shortage of donor organs, technological advancements in the organ sector. and an increase in R&D spending. In addition, the increase in the number of patients suffering from chronic diseases is driving the growth of organ support systems which is important in the medical bionics market. However, high cost of manufactured parts and strict compliance process will restrain the market growth.
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The vital organs support systems and medical bionics market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global vital organs support systems and medical bionics market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.
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