Portland, OR -- (SBWIRE) -- 07/27/2017 -- Artificial organ is man-made machine or device that is used to replace the functions of missing or faulty organ and restores the functions of original organ. Medical bionics refers to the study of artificial body parts that are substituted for a natural biological capability. Healthcare technology is growing rapidly in which organ transplantation has evolved as common practice. There is a high demand from the patients for organ transplantation surgery, whereas availability of the donors to fulfill this demand is low. Due to this wider gap, artificial vital organs and medical bionics market is experiencing fair growth. The report provides an in-depth analysis of the different segments for artificial vital organs and medical bionics market and comprehensively determines the factors responsible for growth, major constraints and potential opportunities. Through analysis of leading company profiles and their strategies, professionals would gain the competitive edge in the market.

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Increasing organ failure and disability due to age-related disorders, new and modified technologies, increasing accidents and injuries leading to organ deletion, rise in number of people awaiting organ transplants and lack of donors are the major drivers responsible for the growth of this market. Some crucial factors restraining the growth of this market are high cost of devices and surgery, lack of surgical skills and uncertain reimbursement policies in some regions. Improvement in disposable incomes of end-users and increase in awareness could be the potential factors to fuel the growth of this market. Emerging economies have opened new avenues for the growth of this market, due to growing income levels, high healthcare expenditure and increase in awareness amongst the people about organ transplantation.

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High Level Analysis

In-depth analysis of market drivers, challenges and trends would be helpful to understand the market dynamics and serves as a guide for product positioning. Competitive landscape section entirely focuses on key players, new launches, and technological advancements within artificial vital organs and medical bionics market. Porter's five forces analysis has been used to determine the attractiveness of artificial vital organs and medical bionics market. High demand for organ transplantation surgeries and lack of donors are the crucial factors that increase the bargaining power of suppliers. Low disposable incomes of consumers in developing economies reduce the bargaining power of buyers. Artificial vital organs and medical bionics products are highly differentiated due to their innovative features such as low battery warnings, gesture selection and auto grasp feature. Due to this product differentiation, threat of new entrant is low. High investment cost, which can be afforded by few big organizations, results in low intensity of rivalry.

KEY DELIVERABLES

The artificial vital organs and medical bionics market is segmented into two major categories such as product type and geography.

MARKET BY PRODUCT TYPE

Artificial Vital Organs Market
- Artificial Liver
- Artificial Heart
- Artificial Pancreas
- Artificial Kidney
- Artificial Lungs
- Oxygenators

Medical Bionics Market
- Bionic Limbs
- Vision Bionics
- Ear Bionics
- Exoskeletons
- Brain Bionics
- Heart Valves
- Cardiac Bionics

MARKET BY GEOGRAPHY

- North America
- Europe
- Asia-Pacific
- LAMEA