Medical Bionic Implants Industry Analysis by Trends and Development, Drivers, Capacities, Technologies till 2026

Technology
Medical Bionic Implants Industry

Medical Bionic Implants are special type of devices made with the help of biological methods and systems found in nature the best known example is cochlear implant, a device for deaf people that is implanted in the human body. Medical bionic implants function same as normal body organ. Bionics is actually a combination of biology and electronics. Instead of robotic versions of implant medical bionic implants serves better. As medical bionic implants can perform original function precisely or can also do even better than it.

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Medical bionic implants are used for organ transplantation when an organ of person is damaged due to disease and injury. As there are very few organ donors than the demand and if donor is found there are chances of rejection of transplanted organs. Whereas, medical bionic material are made up of biomaterials. Biomaterial is living or non-living substance introduced in the body as the part of bionic substitute to an organ or function associated to it. Furthermore, study of bionics also emphasizes on the implementation of function found in nature other than just imitating the biological structure, which is expected to favor the medical bionic implants market. Whereas, in July 2015, the BBC medical correspondent Fergus Walsh reported that surgeons in Manchester have performed the first bionic eye implant this is expected to fuel the growth of medical bionic implants market. Also, there are various other medical bionic implants present in market such as ear, hand, artificial heart which is also expected to favor the medical bionic implant market. 

Medical Bionic Implants Market Taxonomy

By Product Type

  • Heart Bionics
  • Orthopedic Bionics
  • Ear Bionics
  • Vision Bionics

By Technology

  • Electronic Bionics
  • Mechanical Bionics

By Method of Fixation

  • Implantable
  • Externally Worn

By End User

  • Hospitals
  • Clinics

Rise in scarcity of organ donor expected to fuel the medical bionic implants market

Growth in road accidents and geriatric population is expected to favor the growth of medical bionic implants market. The most transplanted organs are kidney, liver, lungs, heart, pancreas and intestines. According to Centers for Disease Control and Prevention, as of 2014, around 75,000 people are on the active waiting list for organs and only 8,000 organ donors are available each year which favors the growth of medical bionic implants with quick advancement in technology in medical field.

Furthermore, orthopedic medical bionic implant is scientifically more advanced than prosthetics and also amputees can have access to limb replacement and enhancement. Additionally, people of Australia with bionic ears will be eligible for an upgrade due to US$ 2.83 million fund boost from NSW government which is expected to favor the growth of medical bionic implants market.

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