Medical Bionics Market 2018: Key Players Included Boston Scientific Corporation, BionX Medical Technologies, Inc., Cochlear Ltd., Edward Lifesciences Corporation

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Medical device manufacturers are currently focusing on development of cellular-electrode interface and the employment of organic conductors as alternative to metal electrodes. Organic conductors possess excellent electrical properties such as unfettered conductivity and reduced impedance to start the power system.

The latest market report published by Credence Research, Inc. “Medical Bionics Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global medical bionics market was valued at US$ 16,538.9 Mn in 2017, and is expected to reach US$ 36,818.2 Mn by 2026 expanding at a CAGR of 9.22% from 2018 to 2026.

Browse the full report Medical Bionics Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at http://www.credenceresearch.com/report/medical-bionics-market

Market Insights

As per the research citing of World Health Organization (2014), the number of deaths due to chronic diseases is 31 million worldwide. Pharmaceutical and biotechnology industries are currently engaged in the development of novel treatment options such as nanobionics and nanobiomimetics to replace conventional methods for the treatment of chronic diseases. The challenges encountered in the neural bionics are the development of a two-way interface in the neural circuits and distributed system architectures. Medical device manufacturers are currently emphasizing on understanding the principles and mechanism that govern the nature of several species in order to develop novel medical bionics.

The market leaders of medical bionics market are Boston Scientific Corporation, BionX Medical Technologies, Inc., Cochlear Ltd., Edward Lifesciences Corporation, Ekso Bionics, LifeNet Health Inc., Medtronic Plc., Ossur, Second Sight Medical Products, Inc., and St. Jude Medical, Inc.

Medical Bionics Market

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Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III-Expert Panel Review
1.3.4. Assumptions

Chapter 2. Executive Summary
2.1. Global Medical Bionics Market Portraiture
2.1.1. Global Medical Bionics Market, by Product, 2017 (US$ Mn)
2.1.2. Global Medical Bionics Market, by Application, 2017 (US$ Mn)
2.1.3. Global Medical Bionics Market, by Geography, 2017 (US$ Mn)

Chapter 3. Medical Bionics Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Porter’s Five Forces Analysis
3.6. Attractive Investment Proposition, by Geography …

Chapter 7. Company Profiles
7.1. Boston Scientific Corporation
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. BionX Medical Technologies, Inc.
7.3. Cochlear Ltd.
7.4. Edward Lifesciences Corporation
7.5. Ekso Bionics Holdings, Inc. …

Based on product, the medical bionics market is categorized into:

  • Heart Bionics
  • Orthopedic Bionics
  • Ear Bionics
  • Vision Bionics
  • Neural Bionics

Medical Bionics Market

The transfer of technology between artificially created objects and living cells is called as bionics, and the field is currently having huge application in medical science. Bionics is further segregated into various disciplines such as structural bionics, processing bionics and information bionics, subject to their specific applications. Based on product types, heart bionics is currently dominating the products segment owing to the rising prevalence of cardiac complications such as arrhythmias, valvular stenosis and congenital heart disease. Affordable reimbursement scenario for heart bionics motivates people to undergo surgical procedures for such implants.

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