Exploring the Global Bionics Market: Key Players and Future Projections

The term ‘bionics’ is a portmanteau coined by American physician Dr. Jack E. Steele in August 1958, using the words biology and electronics. Bionics, which signifies biologically inspired engineering, is the application of various biological methods to the study and design of engineering systems. In simpler words, bionics is the study of various mechanical systems that function like the natural biological systems of living beings. Common examples of bionics in the field of engineering include radar, sonar, the hulls of boats that imitate dolphins’ thick skin, and medical ultrasound imaging that mimics animal echolocation. In computer science, bionics holds a great deal of significance as it has help scientists develop artificial neural networks, artificial neurons, and swarm intelligence.

The Bionics Market report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2020-2027. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.

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Competitive Terrain:

The global Bionics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Medtronic, Abbott, Biomet, Inc., Zimmer Biomet, Iwalk, Inc., ABIOMED, INC, Berlin Heart Gmbh, Ekso Bionics Boston Scientific Corporation, Edward Lifesciences Corporation, Jarvik Heart, Inc., Heartware International, Inc., SynCardia Systems, LLC

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Additional information offered by the report:

Along with a complete overview of the global Bionics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Bionics market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

By Product Type:
- Ear Bionics

- Cochlear Implants
  - Auditory Brainstem Implants
  - Bone Anchored Hearing Systems

Vision Bionics
Orthopedic Bionics

- Upper limb
  - Lower limb
  - Exoskeleton
  - Electrical Bone Growth Stimulators

Cardiac Bionics

- Total Artificial Heart
  - Pacemaker
  - Ventricular Assist Device
  - Biventricular Assist Device (BIVAD)
  - Left Ventricular Assist Device (LVAD)
  - Right Ventricular Assist Device (RVAD)
  - Artificial Heart Valves

Neural/Brain Bionics

- Internal Neurostimulators
  - Deep Brain Stimulators (DBS)
  - Spinal Cord Stimulators (SCS)
  - Vagus Nerve Stimulators (VNS)
  - Sacral Nerve Stimulators (SNS)
  - Others

By Method of Fixation
- External Bionics
- Implantable Bionics

Radical Highlights of the Bionics Market Report:

Comprehensive overview of the Bionics market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Bionics market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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