Portland, OR -- (SBWIRE) -- 07/20/2017 -- Artificial organs are man-made implants that are integrated in human body to imitate the function of original organ. In addition, bionics is a collaboration of electronics and biology. Medical bionics are robotic substitute of other parts of body. These bionics mimics the function of natural biological systems. The need of these artificial organs and bionics is to function as normal organ when existing natural system fails to function in a desired manner. Medical bionics can be used in hearing, brain stimulation and vision. In recent years, the global medical bionic implant /artificial organs market have witnessed drastic growth due to rise in waiting list of patients requiring organ transplantation and shortage of donors organs.

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Factors driving the market growth are rise in organ failure, increasing injuries and accidents, occupational disabilities that demand medical bionic for improvement of the problem. Moreover, technological advancement and adoption of organ transplantation are fuelling the growth of the market. However, lack of skilled personnels, high cost of devices and uncertain reimbursement scenarios in different regions are restraining the growth of the market. The opportunities for the market are rise in income and increasing awareness in emerging economies.

Healthcare giants such as Pixium Vision received CE mark approval for IRISII bionic vision system in July 2016. Moreover, in March 2016 Cochlear Ltd., launched Cochlear Baha 5 Power and Baha 5 SuperPower that are bone conduction sound processors. Other market players are undergoing mergers, collaborations and approvals for the development of the market.

Some of the key market players are Orthofix International N.V., Touch Bionics Inc., Cochlear Ltd., Biomet, Inc., Second Sight Medical Products, Inc., Ekso Bionics, St. Jude Medical, Inc., Lifenet Health Inc., BionX Medical Technologies, Inc. and Otto Bock Inc.

KEY MARKET SEGMENTS:

By Product Type
- Artificial Organs
o Artificial Heart
o Total Artificial Heart (TAH)
o Artificial Kidney
o Artificial Liver
o Haemodialysis Machines
o Insulin Pumps
o Artificial Pancreas
o Artificial Lungs
o Oxygenators

- Bionic Implants
o Ear Bionics
* Cochlear Implants
* BAHA

o Vision Bionics
* Bionic Eye

o Orthopaedic Bionics
* Bionic Limb
* Bionic Finger
* Exoskeleton
* Electrical Bone Growth Stimulators

o Heart Bionics
* Pacemakers
* TAH
* Ventricular Assist Devices
* Artificial Heart Valves

o Neural /Brain Bionics
* Deep Brain Stimulator
* Vagus Nerve Stimulator
* Spinal Cord Stimulator

o Biological Tissue Valves

By Method of Fixation
- Implantable
- Externally Worn

By Technology
- Electronic
- Mechanical

By Geography
- North America
o U.S.
o Canada
o Mexico

- Europe
o Germany
o France
o Italy
o Others

- Asia-Pacific
o Japan
o India
o China
o Others

- LAMEA
o Brazil
o Middle East
o South Africa
o Others

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