United States bionics market are anticipated to show a robust growth in the upcoming five years, 2023-2027. The market growth can be attributed to rising instances of disabilities and organ failures. Moreover, high instances of road accidents that lead to amputations are actively responsible for the growth of the United States bionics market. Increasing prevalence of targeted disabilities is also playing a major role in the growth of the United States bionics market in the upcoming five years. Multiple technological advancements like robotic arms, and robotics legs are also popular among the patients who had severed limbs due to various kinds of accidents. Moreover, rising number of soldiers with amputated limbs are supporting the growth of the market in the next five years.
Bionics are the biologically inspired engineering that aids the applications of biological methods and systems found in nature to the study and design of engineering systems and modern technology. It is the science of making artificial systems that can function and has properties of living systems. The prototype used is that of a living organism, but holds lot more strength, and capacity than the living system. In simple terms, it is also referenced as a mimicry of the living systems using technology. Most popular bionic devices are pacemakers, cochlear implants, bionic eyes, Bionic nerve guides, robotic limbs, etc.
The United States bionics market is segmented by type, technology, fixation, competitional landscape, and regional distribution. Based on type, the market is further bifurcated into orthopedic bionics, cardiac bionics, neural bionics, ear bionics, and others. Cardiac bionics are anticipated to assert its dominance over the market segment and hold the largest revenue shares of the market in the next five years due to rising instances of cardiac failures and demand of cardiac bionic devices like pacemakers. Rising obesity, and cholesterol increase problems are further substantiating the United States bionics market. Due to advancing technologies and consistent research going on, neural bionics is anticipated to register the fastest growth in the CAGR in the next five years. Orthopedic bionics are also expected to register significant growth in the upcoming five years on the account of increasing traumatic accidents that lead to severed limbs and skull fractures.
A partial list of market player in the United States Bionics market includes, Medtronic USA, Inc., Zimmer Biomet Holdings, Inc., Edwards Lifesciences Corporation, Ekso Bionics Holdings Inc., Össur Americas, Inc., Advanced Bionics Corporation, BionX Medical Technologies, Inc. (Ottobock), among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyze the historical growth of the market size of United States bionics market from 2017 to 2020.
- To estimate and forecast the market size of United States bionics market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast United States bionics market based on type, technology, fixation, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States bionics market.
- To identify drivers and challenges for United States bionics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States bionics market.
- To identify and analyze the profile of leading players operating in United States bionics market.
- To identify key sustainable strategies adopted by market players in United States bionics market.
Click here to download the sample
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of United States
Key Target Audience
- Bionics manufacturers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to bionics and its devices
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Technology · Fixation |
| Region Scope | South-Region, West-Region, Mid-West Region & Northeast-Region |
| Key Companies Profiled | Medtronic USA, Inc., Zimmer Biomet Holdings, Inc., Edwards Lifesciences Corporation, Ekso Bionics Holdings Inc., Össur Americas, Inc., Advanced Bionics Corporation, BionX Medical Technologies, Inc. (Ottobock) |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
