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What Does The Global Medical Bionic Implants/Artificial Organs Market Size Indicate?
The medical bionic implant/artificial organs market size has witnessed a significant growth over the years. It will grow from $23.71 billion in 2024 to $25.41 billion in 2025, expanding at a compound annual growth rate (CAGR) of 7.2%. This growth can be attributed to increasing geriatric population, advances in materials science, government support and funding, growing acceptance of implantable devices, patient awareness and education.
The market size is expected to continue its growth trajectory to reach $34.89 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth is propelled by factors such as advancements in bioprinting and tissue engineering, emergence of biohybrid implants, focus on cardiac bionics, enhanced sensory feedback, and regenerative medicine in bionics.
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What Is Driving The Growth Of The Medical Bionic Implant/Artificial Organs Market?
The rising incidence of road accidents and injuries is a crucial driver for the growth of the medical bionic implant/artificial organs market. Reports from the National Highway Traffic Safety Administration (NHTSA) show a 10.5% increase in motor vehicle crash fatalities, amounting to approximately 42,915 deaths compared to 38,824 over the past two years. These numbers underscore the urgent need for artificial organ and tissue replacements, thereby driving the market growth.
What Are The Key Segments In The Global Medical Bionic Implant/Artificial Organs Market?
– By Type: Bionic Implants, Artificial Organs
– By Method Of Fixation: Implantable, Externally Worn
– By Technology: Electronic, Mechanical
– By Application: Hospitals, Clinics, Research And Academic Institutes, Other Applications
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Who Are The Major Players In The Medical Bionic Implant/Artificial Organs Market?
Key players in the market include Medtronic PLC, Boston Scientific Services Private Limited., Abbott Laboratories Inc., Zimmer Biomet Holdings Inc., Ekso Bionics Holdings Inc., Cochlear Limited, Cyberonics Inc., and others, marking a significant industry competition.
What Trends Are Reshaping The Medical Bionic Implant/Artificial Organs Market?
Strategic partnerships are defining a new growth trajectory. For instance, Beta Bionics partnered with Abbott Laboratories to integrate advanced continuous glucose monitoring (CGM) technology in diabetes management. Similarly, HUMOTECH is working with the University of Michigan to fast-track the development of bionic leg control software that can restore natural gait in prosthetic users.
What Regions Hold High Market Potential For Medical Bionic Implant/Artificial Organs?
Asia-Pacific held the largest share of the medical bionic implant/artificial organs market in 2024, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Medical Bionic Implant/Artificial Organs Market Report 2025 Offer?
The report sheds light on the medical bionic implant and artificial organs industry that employ machines or devices to perform functions of damaged or absent human organs. The report also provides market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities report data.
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