Asia Pacific Artificial Organs and Bionics Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Bionics is the application of the biological methods and systems to overcome the disability of the body. Artificial organs are plotted devices which are integrated into the human by replacing the natural organ and are constructed by natural or synthetic polymer materials like metals and ceramics.
Asia Pacific Artificial Organ and Bionics Market Size and Growth:
Asia Pacific artificial organ and bionics market will grow with a CAGR of 15.2% during the forecast period 2019-2025. Increasing road accidents, lack of organ donors and increasing technological improvements in artificial organs and bionics are the factors contributing to the APAC market growth.
Asia Pacific Artificial Organ and Bionics Market Segments Share:
Asia Pacific artificial organs and bionics market is segmented by product into artificial organ and bionics. An artificial kidney, artificial heart and artificial liver are considered under the artificial organ. Vision bionics, orthopaedic bionics, cardiac bionics and brain bionics are considered under the bionics. By technology, the electronic bionics is an electronic device which is used
Asia Pacific Artificial Organs and Bionics Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
in defence sector for exoskeleton suits to assist soldiers in carrying heavy loads in the battlefield and likely to have an emerging growth in artificial organ and bionics space.
By Geography, Asia-Pacific artificial organs and bionics market is projected to grow at the maximum CAGR which is significantly due to growing ageing population and huge consumer base, growing government initiatives for improving healthcare, and high disposable income. Japan and South Korea held significant market share in 2017 due to massive technological developments taking place in these regions.
Asia Pacific Artificial Organ and Bionics Market Segments trends:
- In July 2018, Medtronic PLC received FDA approval for less invasive heart pump implant plane procedure.
- In January 2018, Boston scientific received and FDA approved for spectra wave writer, spinal cord stimulator system.
Asia Pacific Artificial Organ and Bionics Market Report:
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Asia Pacific Artificial Organs and Bionics Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on year-on-year
Identifying DROC in the current market and their impact on altering market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary key players are:
- Baxter International Inc.
- Boston Scientific Corporation.
- Berlin Heart GmbH.
- Cochlear limited.
- Cyberonics Inc.
- Edward Lifesciences.
Along with these companies, there were many other companies considered in the report while analysing the Asia Pacific artificial organs and bionics market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
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