Opportunity and Strategy Analysis
This report focuses on identifying opportunities and strategies for investing in the global medical bionics market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter's Fiver Forces analysis.
Based on the market data and analysis, the report highlights Increasingly Attractive Segments (IAS) and business opportunities in each segmentation. Moreover, a systematic evaluation of Internal Risks (factors arising within the industry development) and External Risks (factors arising from the surrounding environments) is provided for the medical bionics industry and market. All the identified risk factors are measured quantitatively according to GMD's novel numeric system, i.e. each risk is evaluated with GMD Risk Index Number (GMD RIN) and GMD Risk Intensity Level (GMD RIL). This in-depth risk assessment offers a comprehensive understanding of the current risk factors and their developing trends. Furthermore, this report concludes risk management strategies and Critical Success Factors (CSFs) to help companies make intelligence-based business decisions in the global medical bionics industry.
Market Coverage & Overview
The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global medical bionics market is expected to reach $49.66 billion by 2033, growing by 11.2% annually over the coming years.
Segmentation Analysis
Highlighted with 97 tables and 100 figures, this 190-page report represents a 360-degree view on the global market with extensively detailed segmentations by Product, Technology, Fixation, End Users, and Region/Country as shown below. Annual revenue 2023-2033 for each segment is included in the report.
By Product
• Bionic Orthopaedic
o Bionic Limbs
Upper Limbs
Bionic Knee
Bionic feet
o Bionic Hands
o Exoskeletons
o Bionic Fingers
o Electrical Bone Growth Stimulators
Invasive Bone Growth Stimulators
Non-invasive Bone Growth Stimulators
• Bionic Heart
o Artificial Organs
Total Artificial/Bionic Hearts
Artificial Heart Valves
Artificial Livers
Artificial Pancreas
Artificial Lungs
Artificial Kidney
o Pacemakers
Implantable Pacemakers
External Pacemakers
o Ventricular Assist Device (VADs)
Left Ventricular Assist Device (LVAD)
Right Ventricular Assist Device (RVAD)
Biventricular Assist Device (BIVAD)
• Bionic Brain
o Internal Neurostimulators
Deep Brain Stimulators (DBS)
Sacral Nerve Stimulators (SNS)
Vagus Nerve Stimulators (VNS)
Spinal Cord Stimulators (SCS)
Other Neurostimulators
o External Neurostimulators
• Bionic Ear
o Cochlear Implants
o Bone Anchored Hearing Systems (BAHS)
o Auditory Brainstem Implants
• Bionic Eye/Vision
By Technology
• Mechanical Bionics
• Electronic Bionics
By Fixation
• Implantable Bionics
• Externally Worn Bionics
By End User
• Hospitals
• Clinics & Diagnostic Centers
• Other End Users
By Region
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, Australia, India, South Korea, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
The breakdown of all regional markets by country and the breakdown of each national market by Product, Fixation, and End User over the forecast years are also included.
Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
• Abbott Laboratories
• AbbVie Inc.
• Abiomed
• Asahi Kasei Kuraray Medical Co., Ltd.
• Baxter International Inc.
• BionX Medical Technologies, Inc.
• Boston Scientific Corporation
• Cochlear Ltd.
• Cyberonics Inc.
• Edwards Lifesciences Corporation
• Ekso Bionics Holdings Inc.
• LivaNova PLC
• Medtronic plc
• Orthofix Holdings Inc.
• Retina Implant Ag
• ReWalk Robotics Ltd.
• Sonova Holding AG
• SynCardia Systems LLC
• William Demant Holding A/S
• Zimmer Biomet Holdings
Reasons to Purchase
• Gain a most comprehensive view on global market with lighting on market outlook, segmentations, dynamics and trends, growth opportunities, risk assessment, critical success factors (CSFs), increasingly attractive segments (IAS), and Porter's Fiver Forces analysis.
• Access identified business opportunities and benchmarked investment strategies.
• Obtain up-to-date data and valuable insights to create regional and national strategies.
• Take wise actions to mitigate potential risk based on the matrix of systematic risk evaluation.
• Outperform competitors using the latest market data and research discoveries.
• Support internal and external presentations with reliable data and profound analysis.
• Backed up by premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
• Supported by free customer services before and after sales.
1 Introduction 10
1.1 Industry Definition and Research Scope 10
1.1.1 Industry Definition 10
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict 28
2.1.4 Impact of Israel-Palestine War 30
2.2 Major Growth Drivers 31
2.3 Market Restraints and Challenges 36
2.4 Emerging Opportunities and Market Trends 39
2.5 Porter's Fiver Forces Analysis 42
3 Segmentation of Global Market by Product 46
3.1 Market Overview by Product 46
3.2 Bionic Orthopaedic 49
3.2.1 Bionic Limbs 50
3.2.2 Bionic Hands 51
3.2.3 Exoskeletons 52
3.2.4 Bionic Fingers 53
3.2.5 Electrical Bone Growth Stimulators 54
3.3 Bionic Heart 55
3.3.1 Artificial Organs 56
3.3.2 Pacemakers 57
3.3.3 Ventricular Assist Device (VADs) 58
3.4 Bionic Brain 59
3.4.1 Internal Neurostimulators 60
3.4.2 External Neurostimulators 61
3.5 Bionic Ear 62
3.5.1 Cochlear Implants 63
3.5.2 Bone Anchored Hearing Systems (BAHS) 64
3.5.3 Auditory Brainstem Implants 65
3.6 Bionic Eye/Vision 66
4 Segmentation of Global Market by Technology 67
4.1 Market Overview by Technology 67
4.2 Mechanical Bionics 70
4.3 Electronic Bionics 71
5 Segmentation of Global Market by Fixation 72
5.1 Market Overview by Fixation 72
5.2 Implantable Bionics 75
5.3 Externally Worn Bionics 76
6 Segmentation of Global Market by End User 77
6.1 Market Overview by End User 77
6.2 Hospitals 80
6.3 Clinics & Diagnostic Centers 81
6.4 Other End Users 82
7 Segmentation of Global Market by Region 83
7.1 Geographic Market Overview 2023-2033 83
7.2 North America Market 2023-2033 by Country 88
7.2.1 Overview of North America Market 88
7.2.2 U.S. 92
7.2.3 Canada 95
7.2.4 Mexico 97
7.3 European Market 2023-2033 by Country 99
7.3.1 Overview of European Market 99
7.3.2 Germany 103
7.3.3 U.K. 105
7.3.4 France 107
7.3.5 Spain 109
7.3.6 Italy 111
7.3.7 Russia 113
7.3.8 Rest of European Market 115
7.4 Asia-Pacific Market 2023-2033 by Country 117
7.4.1 Overview of Asia-Pacific Market 117
7.4.2 Japan 121
7.4.3 China 124
7.4.4 Australia 126
7.4.5 India 128
7.4.6 South Korea 130
7.4.7 Rest of APAC Region 132
7.5 South America Market 2023-2033 by Country 134
7.5.1 Argentina 138
7.5.2 Brazil 140
7.5.3 Chile 142
7.5.4 Rest of South America Market 144
7.6 MEA Market 2023-2033 by Country 145
7.6.1 UAE 149
7.6.2 Saudi Arabia 151
7.6.3 South Africa 153
7.6.4 Other National Markets 155
8 Competitive Landscape 156
8.1 Overview of Key Vendors 156
8.2 New Product Launch, Partnership, Investment, and M&A 159
8.3 Company Profiles 160
Abbott Laboratories 160
AbbVie Inc. 162
Abiomed 163
Asahi Kasei Kuraray Medical Co., Ltd. 164
Baxter International Inc. 165
BionX Medical Technologies, Inc. 166
Boston Scientific Corporation 167
Cochlear Ltd. 168
Cyberonics Inc. 169
Edwards Lifesciences Corporation 170
Ekso Bionics Holdings Inc. 171
LivaNova PLC 172
Medtronic plc 173
Orthofix Holdings Inc. 174
Retina Implant Ag 175
ReWalk Robotics Ltd. 176
Sonova Holding AG 177
SynCardia Systems LLC 178
William Demant Holding A/S 179
Zimmer Biomet Holdings 180
9 Investing in Medical Bionics Industry: Risk Assessment and Management 181
9.1 Risk Evaluation of Global Market 181
9.2 Critical Success Factors (CSFs) 187
RELATED REPORTS 190
Executive Summary
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