Navigation Links
Artificial Vital Organs Market and Medical Bionics Market Will Reach USD 32.3 Billion Globally in 2018: Transparency Market Research
Date:8/24/2013

Albany, New York (PRWEB) August 24, 2013

According to a new market research report published by Transparency Market Research “Artificial Vital Organs and Medical Bionics Market (Artificial Heart, Kidney, Liver, Pancreas & Lungs, Ear Bionics, Vision Bionics, Exoskeletons, Bionic Limbs, Brain Bionics and Cardiac Bionics)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," in 2011, the artificial vital organs and medical bionics market was valued at USD 17.5 billion and it is expected to grow at a CAGR of 9.2% from 2012 to 2018, to reach an estimated value of USD 32.3 billion in 2018.

Browse the full report at http://www.transparencymarketresearch.com/artificial-vital-organs-medical-bionics.html .

An artificial organ is a man-made device, which is integrated or implanted into the patient, to replace an original diseased organ and restore its specific function. Medical bionics is the study of application of mechanics and electronics to replace a limb or other part of a functional organ that is mechanically powered. With rapid development in healthcare technology, organ transplantation has evolved as a common surgical practice. With years of extensive research and development in the field of medical devices and related technological innovations, artificial vital organs and medical bionics are successfully established as viable alternatives for the replacement of donor organs as the latter are not able to keep pace with an increase in demand for efficient rehabilitation of the physically challenged.

The global artificial vital organs market is segmented into artificial heart, kidney, lungs, liver and pancreas markets. The market for artificial vital organs is led by the artificial kidney segment, in terms of revenue. Increase in prevalence of renal disorders and acute renal failure due to the sedentary lifestyle is a major driver for this market. Increase in the prevalence of cardiovascular diseases leading to acute cardiac failure has led to a growing need for heart replacement. Also, the number of patients awaiting transplant are far more than the availability of donor organs and this has led to an increase in the demand for total artificial heart (TAH). The market for total artificial heart is expected to grow at a CAGR of more than 9% from 2012 to 2018.

The medical bionics market is categorized into ear bionics (cochlear implants), vision bionics, exoskeletons, bionic limbs, brain bionics and cardiac bionics. High prevalence of occupation and age-related disabilities demands novel methods of patient rehabilitation to offer a better life for such patients. The market for exoskeletons is expected to emerge as the fastest growing segment, Transparency Market Research at a CAGR of over 15% from 2012 to 2018.

Geographically, North America leads the market for artificial vital organs and medical bionics. Aging of the baby boomer population and the corresponding rise in prevalence of acute cases of cardiovascular diseases, renal diseases and respiratory disorders, and the increase in prevalence of age-related disorders and occupation-related disabilities are the major drivers for the growth in demand for artificial organs in North America. However, improvement in healthcare expenditure and healthcare infrastructure and rising scope of medical tourism will increase the market share of Asia-Pacific in the future.

The key players in the artificial vital organs and medical bionics market include Abbott Diabetes Care, Abiomed, Inc., Asahi Kasei Medical Co., Ltd., Baxter International, Inc., Gambro AB, Medtronic, Inc., Nikkiso Co., Ltd., SynCardia Systems, Inc., Ossur Hf, WorldHeart Corporation, Ekso Bionics, Touch Bionics, Ottobock Healthcare Gmbh, Second Sight Medical Products, Inc. and others.

The global artificial vital organs and medical bionics market is segmented as follows:

Artificial Vital Organs and Medical Bionics Market, by Product Types

Artificial Vital Organs Market
Artificial Heart
Total Artificial Heart
Artificial Kidney
Hemodialysis Machines
Artificial Liver
Artificial Pancreas
Insulin Pumps
Artificial Lungs
Heart-Lung Bypass Machine
Oxygenators
Medical Bionics Market
Ear Bionics (Cochlear implants)
Vision Bionics
Exoskeletons
Bionic Limbs
Bionic Leg
Bionic Hand
Brain Bionics
Spinal Cord Stimulators
Deep Brain Stimulators
Vagus Nerve Stimulators
Cardiac Bionics
Ventricular Assist Devices (VAD)
Left Ventricular Assist Device (LVAD)
Right Ventricular Assist Device (RVAD)
Heart Valves
Mechanical Heart Valves
Biological Tissue Valves
Transcatheter Heart Valves
Artificial Vital Organs and Medical Bionics Market, by Geography

North America
Europe
Asia-Pacific
Rest of the World (RoW)

Browse All Market Research Reports: http://www.transparencymarketresearch.com/

Read the full story at http://www.prweb.com/releases/2013/8/prweb11059061.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Could Compound in Artificial Sweeteners Worsen Crohns Disease?
2. Farmers tough on artificial limbs
3. Artificial butter flavoring ingredient linked to key Alzheimers disease process
4. A leap forward in the quest to develop an artificial pancreas
5. FDA: Dont Use Pradaxa Blood Thinner in Patients With Artificial Heart Valves
6. Artificial pancreas: The way of the future for treating type 1 diabetes
7. 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
8. Hear This: 3-D Printing Creates Lifelike Artificial Ears
9. Swine cells could power artificial liver
10. Artificial Pancreas Worked Overnight on Kids With Type 1 Diabetes
11. Wearable artificial lung to be developed at Pitt through $3.4 million grant
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... WI (PRWEB) , ... October 13, 2017 , ... As ... in medicine known as “patient engagement.” The patient is doing more than filling out ... partners. , “There is an increasing emphasis in health care and research on ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... certification process to promote standards of excellence for the field of eating disorders, ... March 22 – 25, 2018 in Orlando, Florida at the Omni Resort at ...
(Date:10/13/2017)... ... 13, 2017 , ... Lori R. Somekh, founder of the Law Office ... of elder law and special needs planning attorneys. “Membership in ElderCounsel helps our office ... forum to network with elder law attorneys nationwide,” said Somekh. , ElderCounsel ...
(Date:10/13/2017)... ... 13, 2017 , ... The Visiting Nurse Association (VNA) of Somerset Hills is ... vendors and unique items from across the nation, this holiday-themed event will raise funds ... by the VNA. The boutique will be open Saturday, November 4 (10:00 a.m. ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Yisrayl Hawkins, Pastor ... that explains one of the most popular and least understood books in the Holy ... and puzzling descriptions that have baffled scholars for centuries. Many have tossed it off ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)... 22, 2017 AVACEN Medical (AVACEN) announced that ... successfully helping those with the widespread pain associated with ... Amanda in Essex, England commented, ... hair, experiencing no sleep at all, tremendous pain, with ... cannot recommend [the AVACEN 100] enough, how this has ...
(Date:9/18/2017)... Mich. , Sept. 18, 2017  PMD Healthcare ... Specialty Pharmacy of Kalamazoo, Mich. , ... hub service that expedites and streamlines patient and provider ... PD 2.0, and wellness management services.  ... device used to measure lung function for a variety ...
(Date:9/12/2017)... and NEW YORK , Sept. 12, 2017 /PRNewswire/ ... ratings for global supply chains, has published the first annual edition of ... performance of more than 20,400 companies evaluated by EcoVadis, based on Scorecard ... and 2016. ... Global CSR Risk & Performance Index ...
Breaking Medicine Technology: