The Bionics Market is expected to grow due to their rising awareness in the emerging economy 2015 – 2021

The global bionics market has been valued at USD 7.96 billion in 2014, growing at a CAGR of 13.2% from 2015 to 2021. The bionics is majorly used in the healthcare sector in the form of artificial organs to replace the malfunctioning organs in the human body. In addition, the bionics is also being applied in the defense sector to create exoskeleton suits for soldiers to give them added advantage in the battle field.

By geography, the global bionics market has been segmented into North America, Europe, Asia Pacific (APAC) and Rest of the world (RoW). The bionics market is facing demand due to the increasing cases of accidents which is leading to paralysis or amputation of limbs. In addition, the aging population is resulting into organ failures, which is fuelling the growth for this market.

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In 2015, North America is leading the global bionics market and is expected to dominate the market during the forecast period. The increasing application of bionics as a replacement for organ transplant is acting as a driver for the market. North America is followed by Asia Pacific accounting for than more 20% of the global market. Asia Pacific is also the fastest growing region due to the presence of major economies such as China, Japan and India. However rest of the world is expected to maintain steady growth due of the developing regions as the use of bionic organs is very expensive.

The global bionics market by types is categorized into bionic brain, bionic heart, bionic limbs, bionic vision, exoskeleton and other bionic organs. The bionic limb has the highest market share in 2015 and is expected to dominate the market during the forecast period. The growth of bionic limbs is due to increasing number of accidents which is leading to amputation or paralysis of limbs.

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In terms of application, the bionics market can be segmented into: healthcare and defense. The bionics is majorly used in the healthcare sector and account for nearly 75% of the global bionics market. However, the defense sector is the fastest growing segment during the forecast period.

Table of Content

1. Preface

2. Executive Summary

3. Market overview

4. Global Bionics Market Analysis, by Types 2014-2021 (USD Billion)

5.Global Bionics Market Analysis, by Application 2014-2021 (USD Billion)

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