Global Bionics Technologies Markets

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Global BionicsTechnologies Markets
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Summary

• The global market for bionic devices reached 2.8
  billion and 3.2 billion in2015 and 2016
  respectively. The market should reach 6.4
  billion by 2021,growing at a compound annual
  growth rate (CAGR) of 15.2 from 2016 to2021
  and 12.1 billion by 2026 at a CAGR of 13.6 from
  2021 to 2026.
• INTRODUCTION
• STUDY BACKGROUND
• There are various definitions of "bionics," which
  is one of the reasons whyestimates of the total
  size of the market for bionics vary so widely.
  ThisResearch study defines bionics as all
  electromechanical devices that areworn on or
  inside the body and assist the wearer in
  interacting with theenvironment (including other
  human) by locomoting through it, manipulating or
  exerting force on it, or perceiving it. Bionics
  also include certain artificialreplacement
  organs such as hearts, which are vital for the
  environmentalinteractions described above, or
  which process and eliminate unnecessary
  ordamaging substances taken in from the
  environment.

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• Defined in this way, bionic devices overlap, but
  also are distinct fromprosthetics on the one
  hand, microelectronic implants on the other.
  Bothof these product categories are covered in
  other Research reports, such asHLC047E Disabled
  and Elderly Assistive Technologies and HLC016E
  Microelectronic Medical Implants Products,
  Technologies and Opportunities.
• The market for some types of bionic devices, such
  as artificial hearts andhearing implants, were
  already relatively well established in 2015 and
  2016. Other kinds of bionic devices, such as
  powered bionic limbs, exoskeletons eye implants
  are at earlier stages of commercialization, but
  appear poised for significant growth over the
  next decide. The geographical structure of
  themarket is also changing, with the medically
  advanced countries of NorthAmerica, the EU and
  Japan losing some ground to the emerging markets
  ofAsia and elsewhere.

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STUDY GOALS OBJECTIVES

• The goal of the report is to examine market
  opportunities for the bionicsindustry and the
  technologies that make possible the more advanced
  products that are rapidly coming into being.
• Specific objectives of the report include
  analyzing
• - Major types of bionic device, both commercial
  and developmental.
• - Major markets and market segmentation.
• - Market drivers and constraints.
• - Detailed market projections through 2026.
• - Industry structure, competition and market
  shares.
• - Factors that may influence the long-term market
  for bionic devices.

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INTENDED AUDIENCE

• The report has been written for the entire
  medical and healthcare interestcommunity, but is
  tailored especially for readers with an interest
  in themarketing and management dimensions of
  bionic devices, such as
• - Manufacturers and distributors of bionic
  devices.
• - Regulators and health insurers.
• - Investors.
• - The financial and analyst community.

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SCOPE OF THE STUDY

• This report covers all types of bionic devices as
  defined above, but focuses on the following
• -Exoskeletons.
• -Limbs and appendages (e.g., hands, feet,
  fingers).
• -Hearts.
• -Ears.
• -Eyes.
• Certain other types of devices, which fit this
  reports definition of bionic, such as bionic
  penises, are excluded because they are
  experimental the potential commercial market
  for them over the next 10 years is small or
  non-existent.
• Neural implants are covered only to the extent
  that they form part of anelectromechanical
  system such as a bionic arm, but are excluded if
  they arepurely electronic/electrical in nature
  (e.g., spinal cord stimulators).

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• The market projections do not include the cost of
  surgical procedures used toinsert the devices,
  or rehabilitation or training of wearers in the
  use of theirbionic device.
• While some bionic devices are commercially
  available at present, the realmarket for bionics
  is long-term. The report therefore will focus
  mainly onidentifying bionic technologies that
  are under development and the conditions that
  will determine which ones reach the market and
  the quantities that could potentially be sold.
  Given the long-term nature of the market, the
  report has a 10-year time frame (i.e., 2016 to
  2026).
• Since the market for bionic devices will continue
  to be focused, albeit to adiminishing degree, in
  the medically advanced countries, the report
  willpresent detailed market estimates for the
  following the United States andCanada, the
  European Union. The rest of the global market
  will beanalyzed as a single unit.

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METHODOLOGY AND INFORMATION SOURCES

• The findings and conclusions of this report are
  based on information gathered from manufacturers
  and distributors of bionic devices, hospitals,
  doctors and other end users. Interview data were
  combined with information gatheredthrough an
  extensive review of secondary sources such as
  trade publications,trade associations, company
  literature and online databases to produce
  thebaseline market estimates contained in this
  report.
• The base year for analysis projection is 2015.
  At the time this report waswritten in the early
  months of 2017, many data for 2016 were not
  available.
• With 2015 as a baseline, market projections were
  developed for 2016 through 2026. These
  projections are based on a combination of a
  consensus among the primary contacts combined
  with our understanding of the key market drivers
  and their impact from a historical and an
  analytical perspective. A description of the
  analytical methodologies used accompanies the
  detailed marketprojections, below.

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Full Reports

• Global Bionics Technologies and Markets

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