Global Artificial Vital Organs and Medical Bionics Market to Expand at 9.20% CAGR till 2018 Global Artificial Vital Organs and Medical Bionics Market to Expand at 9.20% CAGR till 2018

Transparency Market Research has published a new research report on the global artificial vital organs and medical bionics market. According to the report, the global artificial vital organs and medical bionics market stood at US$17.5 bn in 2011 and is expected to reach US$32.3 bn by 2018. The report, titled ‘Artificial Vital Organs and Medical Bionics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018’, states that the global artificial vital organs and medical bionics market is expected to rise at a 9.20% CAGR till 2018. 
 
Browse the full 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 report at http://www.transparencymarketresearch.com/artificial-vital-organs-medical-bionics.html

The global artificial vital organs and medical bionics market is primarily driven by factors such as advancements in the field of healthcare technology and increasing acceptance of organ transplantation. Artificial organs are implanted into the human body as a replacement to natural organs. Occupational and age-related disabilities are some of the factors driving the global artificial vital organs and medical bionics market. The global artificial vital organs and medical bionics market is segmented on the basis of geography and product type. 
 
By product type, the global artificial vital organs and medical bionics market is divided into the segments of artificial vital organs and bionics. Cardiac bionics, ear bionics, exoskeletons, brain bionics, and vision bionics are the products that dominate the bionics segment. The artificial vital organs segment is divided into artificial pancreas, kidneys, liver, lungs, and heart. The artificial kidneys segment held the highest market share in the global artificial vital organs and medical bionics market in 2012 and is expected to lead the market during the forecast period. The increasing use of hemodialysis machines is expected to boost the artificial kidneys segment. Growth in the number of injuries, disabilities, and accidents is also predicted to boost the growth prospects of the medical bionics segment. 

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Geographically, the global artificial vital organs and medical bionics market is divided into North America, Asia Pacific, Europe, and Rest of the World. In terms of volume as well as revenue, North America dominated the global artificial vital organs and medical bionics market in 2012, followed by Europe. However, with increasing healthcare expenditure, availability of improved healthcare facilities, and improvement of healthcare infrastructure, the artificial vital organs and medical bionics market is expected to expand rapidly in the Asia Pacific region by 2018. 
 
The global artificial vital organs and medical bionics market is well-spread across all regions with major players aiming to contribute more to stay in the competition. Some of the prominent players in the global artificial vital organs and medical bionics market are Abbott Diabetes Care, Inc., Baxter International, Inc., Ekso Bionics, Jarvik Heart, Inc., Ossur Hf, Edwards Lifesciences Corporation, iWalk, Inc., and Ottobock Healthcare GmbH. 
 
Ethical criticisms against organ transplants, the high cost of organ transplant, and unclear reimbursement policies are expected to restrict the growth of the global artificial vital organs and medical bionics market. However, the introduction of artificial organs as a therapeutic alternative and their high utility in otherwise incurable cases is predicted to drive the global artificial vital organs and medical bionics market during the forecast period.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. 

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