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Artificial Vital Organs and Medical Bionics Market is Expected to Reach USD 32.3 Billion Globally in 2018: Transparency Market Research

June 27, 2013

ALBANY, New York, June 27, 2013 /PRNewswire/ –

According to a new market research report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Artificial Vital Organs and Medical
Bionics Market(Artificial Heart, Kidney, Liver, Pancreas & Lungs, Ear Bionics, Vision
Bionics, Exoskeletons, Bionic Limbs, Brain Bionics and Cardiac Bionics)- Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” in 2011, the artificial
vital organs and medical bionics market was valued at USD 17.5 billion and it is expected
to grow at a CAGR of 9.2% from 2012 to 2018, to reach an estimated value of USD 32.3
billion in 2018.

Browse the full report at

http://www.transparencymarketresearch.com/artificial-vital-organs-medical-bionics.html

An artificial organ is a man-made device, which is integrated or implanted into the
patient, to replace an original diseased organ and restore its specific function. Medical
bionics is the study of application of mechanics and electronics to replace a limb or
other part of a functional organ that is mechanically powered. With rapid development in
healthcare technology, organ transplantation has evolved as a common surgical practice.
With years of extensive research and development in the field of medical devices and
related technological innovations, artificial vital organs and medical bionics are
successfully established as viable alternatives for the replacement of donor organs as the
latter are not able to keep pace with an increase in demand for efficient rehabilitation
of the physically challenged.

The global artificial vital organs market is segmented into artificial heart, kidney,
lungs, liver and pancreas markets. The market for artificial vital organs is led by the
artificial kidney segment, in terms of revenue. Increase in prevalence of renal disorders
and acute renal failure due to the sedentary lifestyle is a major driver for this market.
Increase in the prevalence of cardiovascular diseases leading to acute cardiac failure has
led to a growing need for heart replacement. Also, the number of patients awaiting
transplant are far more than the availability of donor organs and this has led to an
increase in the demand for total artificial heart (TAH). The market for total artificial
heart is expected to grow at a CAGR of more than 9% from 2012 to 2018.

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The medical bionics market is categorized into ear bionics (cochlear implants), vision
bionics, exoskeletons, bionic limbs, brain bionics and cardiac bionics. High prevalence of
occupation and age-related disabilities demands novel methods of patient rehabilitation to
offer a better life for such patients. The market for exoskeletons is expected to emerge
as the fastest growing segment, at a CAGR of over 15% from 2012 to 2018.

Geographically, North America leads the market for artificial vital organs and medical
bionics. Aging of the baby boomer population and the corresponding rise in prevalence of
acute cases of cardiovascular diseases, renal diseases and respiratory disorders, and the
increase in prevalence of age-related disorders and occupation-related disabilities are
the major drivers for the growth in demand for artificial organs in North America.
However, improvement in healthcare expenditure and healthcare infrastructure and rising
scope of medical tourism will increase the market share of Asia-Pacific in the future.

The key players in the artificial vital organs and medical bionics market include
Abbott Diabetes Care, Abiomed, Inc., Asahi Kasei Medical Co., Ltd., Baxter International,
Inc., Gambro AB, Medtronic, Inc., Nikkiso Co., Ltd., SynCardia Systems, Inc., Ossur Hf,
WorldHeart Corporation, Ekso Bionics, Touch Bionics, Ottobock Healthcare Gmbh, Second
Sight Medical Products, Inc. and others.

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The global artificial vital organs and medical bionics market is segmented as follows:

Artificial Vital Organs and Medical Bionics Market, by Product Types

        - Artificial Vital Organs Market
             - Artificial Heart
                - Total Artificial Heart
             - Artificial Kidney
                - Hemodialysis Machines
             - Artificial Liver
             - Artificial Pancreas
                - Insulin Pumps
             - Artificial Lungs
                - Heart-Lung Bypass Machine
                - Oxygenators
        - Medical Bionics Market
             - Ear Bionics (Cochlear implants)
             - Vision Bionics
             - Exoskeletons
             - Bionic Limbs
                - Bionic Leg
                - Bionic Hand
             - Brain Bionics
                - Spinal Cord Stimulators
                - Deep Brain Stimulators
                - Vagus Nerve Stimulators
             - Cardiac Bionics
                - Ventricular Assist Devices (VAD)
                   - Left Ventricular Assist Device (LVAD)
                   - Right Ventricular Assist Device (RVAD)
                - Heart Valves
                   - Mechanical Heart Valves
                   - Biological Tissue Valves
                   - Transcatheter Heart Valves

Artificial Vital Organs and Medical Bionics Market, by Geography

        - North America
        - Europe
        - Asia-Pacific
        - Rest of the World (RoW)

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