Global Bionic Market Size, Trends, and Growth Opportunity, By Type (Bionic Brain, Bionic Heart, Bionic Limbs, Bionic Vision, Exoskeleton, Others), By Application (Healthcare, Defense), By Distribution Channel (Mechanical Bionics, Electronics Bionic), By Region and Forecast Till 2023-2030.
Global Bionic Market
The Bionic Market size was estimated at 34.3 billion in 2022 is projected 70.1 billion in 2030 grow at a registered CAGR of 9.3% over the forecast period 2023-2030.
Bionic devices are implants that are a replacement for biological functions due to nerve damage. Electrical signals stimulate the nerve cells following disease or injury. The lack of availability of organ donors has been a major issue. The increase in organ donors is very high compared to the actual supply. Bionics are the solution for organ transplantations and replacements. Bionic organs replicate the function of damaged organs. It is a boon for artificial organs as the level of scarcity is on the higher end. People with mild to severe hearing loss use cochlear implants. The function of cochlear is to transmit electrical signals to the brain converting sound into electrical signals to restore hearing.
Market Drivers
The key factors driving the growth and demand for medical bionic artificial organs are accidents and injuries caused that have no recovery. The increasing frequency of eye diseases is driving growth in the global bionic market over the forecast period. Organ failure due to age-related disorders is also a driving factor for market growth. Technological advancement with rising government assistance will rapidly expand the medical bionic market.
Market Restraints
The high cost of devices and uncertain reimbursement, as well as the high cost of development, will restrain the growth of the medical bionic implant/artificial organs market, whereas limited surgical expertise may pose a challenge to the market's growth.
COVID-19 Impact on Global Bionic Market
COVID-19 negatively impacted the bionics market. The pandemic was a main concern for patients who were faced with organ failures. Due to social distancing, many hospitals were restricted to have one-on-one surgery, they were instead offering patients virtual conferencing with disabilities to overcome the limitations of the market growth.
Regional Analysis
North America dominates the market for bionics. It is expected to continue to have a strong footprint for a few more years. In the North American region, the US has the largest market share.
Market Segmentation
Bionics are by type- bionic brain, bionic heart, bionic limbs, bionic vision, exoskeleton, others, by application- healthcare, defense, by distribution channel- mechanical bionics, electronics bionic.
Key Players
This report includes a list of numerous Key Players, namely Pixium Vision, Open Bionics, Cochlear Limited, Ekso Bionics, Medtronic, Baxter International Inc., Advanced Bionics AG, Abiomed, Edward Lifesciences Corporation, Ottobock
Market Taxonomy
By Type
• Bionic brain
• Bionic heart
• Bionic limbs
• Bionic vision
• Exoskeleton
• Others
By Application
• Healthcare
• Defense
By Technology
• Mechanical Bionics
• Electronics Bionic
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Question Addressed by the Report
• What are the Key Opportunities in the Global Bionic Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?
Global Bionic Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bionic Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bionic Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Bionic Market Share Analysis, By Technology
5.3 Global Bionic Market Size and Forecast, By Technology
5.3.1 Mechanical Bionics
5.3.2 Electronics Bionic
6 Global Bionic Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Bionic Market Share Analysis, By Application
6.3 Global Bionic Market Size and Forecast, By Application
6.3.1 Healthcare
6.3.2 Defense
7 Global Bionic Market, By Type
7.1 Y-o-Y Growth Comparison, By Type
7.2 Global Bionic Market Share Analysis, By Type
7.3 Global Bionic Market Size and Forecast, By Type
7.3.1 Bionic brain
7.3.2 Bionic heart
7.3.3 Bionic limbs
7.3.4 Bionic vision
7.3.5 Exoskeleton
7.3.6 Others
8 Global Bionic Market, By Region
8.1 Global Bionic Market Share Analysis, By Region
8.2 Global Bionic Market Size and Forecast, By Region
8.3 Global Bionic Market Trends and Forecast, By Region
9 North America Bionic Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Bionic Market Share Analysis, By Technology
9.3 North America Bionic Market Size and Forecast, By Application
9.4 North America Bionic Market Size and Forecast, By Type
9.5 North America Bionic Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Technology
9.5.1.2 Market Size and Forecast, By Application
9.5.1.3. Market Size and Forecast, By Type
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Technology
9.5.2.2 Market Size and Forecast, By Application
9.5.2.3. Market Size and Forecast, By Type
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Technology
9.5.3.2 Market Size and Forecast, By Application
9.5.3.3. Market Size and Forecast, By Type
10 Europe Bionic Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Bionic Market Share Analysis, By Technology
10.3 Europe Bionic Market Size and Forecast, By Application
10.4 Europe Bionic Market Size and Forecast, By Type
10.5 Europe Bionic Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Technology
10.5.1.2 Market Size and Forecast, By Application
10.5.1.3. Market Size and Forecast, By Type
10.5.2 France
10.5.2.1. Market Size and Forecast, By Technology
10.5.2.2 Market Size and Forecast, By Application
10.5.2.3. Market Size and Forecast, By Type
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Technology
10.5.3.2 Market Size and Forecast, By Application
10.5.3.3. Market Size and Forecast, By Type
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Technology
10.5.4.2 Market Size and Forecast, By Application
10.5.4.3. Market Size and Forecast, By Type
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Technology
10.5.5.2 Market Size and Forecast, By Application
10.5.5.3. Market Size and Forecast, By Type
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Technology
10.5.6.2 Market Size and Forecast, By Application
10.5.6.3. Market Size and Forecast, By Type
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Technology
10.5.7.2 Market Size and Forecast, By Application
10.5.7.3. Market Size and Forecast, By Type
11 Asia Pacific Bionic Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Bionic Market Share Analysis, By Technology
11.3 Asia Pacific Bionic Market Size and Forecast, By Application
11.4 Asia Pacific Bionic Market Size and Forecast, By Type
11.5 Asia Pacific Bionic Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Technology
11.5.1.2 Market Size and Forecast, By Application
11.5.1.3. Market Size and Forecast, By Type
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Technology
11.5.2.2 Market Size and Forecast, By Application
11.5.2.3. Market Size and Forecast, By Type
11.5.3 India
11.5.3.1. Market Size and Forecast, By Technology
11.5.3.2 Market Size and Forecast, By Application
11.5.3.3. Market Size and Forecast, By Type
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Technology
11.5.4.2 Market Size and Forecast, By Application
11.5.4.3. Market Size and Forecast, By Type
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Technology
11.5.5.2 Market Size and Forecast, By Application
11.5.5.3. Market Size and Forecast, By Type
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Technology
11.5.6.2 Market Size and Forecast, By Application
11.5.6.3. Market Size and Forecast, By Type
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Technology
11.5.7.2 Market Size and Forecast, By Application
11.5.7.3. Market Size and Forecast, By Type
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Technology
11.5.8.2 Market Size and Forecast, By Application
11.5.8.3. Market Size and Forecast, By Type
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Technology
11.5.9.2 Market Size and Forecast, By Application
11.5.9.3. Market Size and Forecast, By Type
12 Latin America Bionic Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Bionic Market Share Analysis, By Technology
12.3 Latin America Bionic Market Size and Forecast, By Application
12.4 Latin America Bionic Market Size and Forecast, By Type
12.5 Latin America Bionic Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Technology
12.5.1.2 Market Size and Forecast, By Application
12.5.1.3. Market Size and Forecast, By Type
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Technology
12.5.2.2 Market Size and Forecast, By Application
12.5.2.3. Market Size and Forecast, By Type
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Technology
12.5.3.2 Market Size and Forecast, By Application
12.5.3.3. Market Size and Forecast, By Type
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Technology
12.5.4.2 Market Size and Forecast, By Application
12.5.4.3. Market Size and Forecast, By Type
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Technology
12.5.5.2 Market Size and Forecast, By Application
12.5.5.3. Market Size and Forecast, By Type
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Technology
12.5.6.2 Market Size and Forecast, By Application
12.5.6.3. Market Size and Forecast, By Type
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Technology
12.5.7.2 Market Size and Forecast, By Application
12.5.7.3. Market Size and Forecast, By Type
13 Middle East Bionic Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Bionic Market Share Analysis, By Technology
13.3 Middle East Bionic Market Size and Forecast, By Application
13.4 Middle East Bionic Market Size and Forecast, By Type
13.5 Middle East Bionic Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Technology
13.5.1.2 Market Size and Forecast, By Application
13.5.1.3. Market Size and Forecast, By Type
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Technology
13.5.2.2 Market Size and Forecast, By Application
13.5.2.3. Market Size and Forecast, By Type
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Technology
13.5.3.2 Market Size and Forecast, By Application
13.5.3.3. Market Size and Forecast, By Type
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Technology
13.5.4.2 Market Size and Forecast, By Application
13.5.4.3. Market Size and Forecast, By Type
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Technology
13.5.5.2 Market Size and Forecast, By Application
13.5.5.3. Market Size and Forecast, By Type
13.5.5 Rest of Middle East & Africa
13.5.61. Market Size and Forecast, By Technology
13.5.62 Market Size and Forecast, By Application
13.5.63. Market Size and Forecast, By Type
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Pixium Vision
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Open Bionics
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Cochlear Limited
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ekso Bionics
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Medtronic
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Baxter International Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Advanced Bionics AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Abiomed
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Edward Lifesciences Corporation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Ottobock
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
