The market for artificial kidneys forms the largest segment in the artificial vital organs market. Increase in prevalence of cases of acute renal failure in developed nations has resulted into the increase in use of hemodialysis machines in the market.
Albany, NY -- (SBWIRE) -- 11/25/2015 -- Artificial organs are those devices that are integrated or implanted into human body to replace a natural organ to restore its specific function in the body. The medical bionic devices are engineered with a combine study of biology and electronics terminologies. Artificial vital organs and medical bionics are technologically sophisticated devices help in restoration of various functions of organs and increases the life expectancy of the patients.
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The global artificial vital organs and medical bionics market is experiencing fair growth because of widening gap between the number of patients in the waiting list for organ transplantation and lack of donor organs in the market. As the rate of mortality of such patient pool is increasing, it has resulted in rising scope of evolution and development of artificial organs. Today, artificial organs are used as an efficient bridge-to-transplant and as destination therapy in patients with failed/diseased organs or disabilities.
The artificial vital organs and medical bionics market report studies the current scenario as well as the future market potential for artificial vital organs and medical bionics products globally. The major segments of the artificial vital organs and medical bionics market are categorized and analyzed on the basis of different product classes. The artificial vital organ products are segmented as artificial heart, artificial kidney, artificial liver, artificial pancreas and artificial lungs. The medical bionic products are further segmented as ear bionics, vision bionics, exoskeletons, bionic limbs, brain bionics, cardiac bionics and heart valves. The artificial vital organs and medical bionics market size and forecasts in terms of revenue (USD million) for each of these segments have been provided for the period 2012 to 2018, considering 2011 as the base year. The artificial vital organs and medical bionics report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2012 to 2018.
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Geographically, the artificial vital organs and medical bionics market has been divided into four major regions which include North America, Europe, Asia and RoW (Rest of the World). The market size and forecasts in terms of revenue (USD million) for each of these segments have been provided for the period 2012 to 2018, considering 2011 as the base year. The artificial vital organs and medical bionics market report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2012 to 2018. The market overview section of the artificial vital organs and medical bionics market report offers qualitative analysis of the overall market considering the factors determining market dynamics such as drivers, restraints and opportunities. To understand the current and future market scenario of the artificial vital organs and medical bionics market Porter's five force analysis and market attractiveness analysis covers various aspects related to the market environment.
The artificial vital organs and medical bionics market report also provides highlight of the competitive landscape of the market, wherein the market share analysis of important players in the market, along with the services offered by them has been discussed. A list of recommendations has also been included for new entrants as well as existing market players to help them establish a strong presence in the artificial vital organs and medical bionics market and accentuate their market shares. The artificial vital organs and medical bionics market report concludes with the profiles of major players having presence in the market such as Abbott Diabetes Care, AbioMed, Baxter International, Fresenius Medical Care, Thoratec Corporation, Otto Bock Healthcare, SynCardia Systems, Inc., WorldHeart Corporation and others. Market players are profiled on the basis of attributes such as company overview, financial overview, business strategies adopted by the companies to ensure sustainability and maximize profits, product portfolio and recent developments.
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