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Artificial Organs (Medical Bionic Implants) Market is expected to grow at a CAGR of 7.1% & to reach $17.82 billion by 2017 - New Report by MarketsandMarkets
Date:2/16/2013

ses of electronic and mechanical bionics, while medical bionic implants are classified as externally worn and implantable based on the type of fixation.

The medical bionic implant (artificial organs) industry has witnessed a myriad of technological advancements over the past two decades. It is expected that this trend will continue in the future in a bid to solve present challenges and fill unmet needs of the market. Manufactures are now focusing on the development of bionic implant products such as wearable artificial kidney, bio-lung, and artificial pancreas for diseases that cannot be cured with alternative treatment methods.

Increasing organ failure owing to aging and age-related disorders, increasing accidents and injuries leading to amputations, and rise in number of people awaiting organ transplants are the major drivers slated to propel the growth of this market. However, a few pivotal factors restraining growth are the high cost of devices and uncertain reimbursement scenarios in different regions, limited surgical expertise, and high cost of development.

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