Market Overview:
The global bionic limbs market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing demand for prosthetic devices and rising awareness about the benefits of using bionic limbs are some of the major factors driving the growth of this market. The growing geriatric population, increasing incidence of accidents and injuries, and technological advancements are also contributing to the growth of this market. On the basis of type, the global bionic limbs market is segmented into bionic legs and bionic hands. Bionic legs accounted for a larger share in 2017 owing to their high demand in hospital applications. However, with technological advancements, there is an increasing demand for advanced prosthetic devices such as myoelectric arms which can be controlled by electrical signals generated by muscles in amputees’ upper arm stump. This is expected to boost the growth of the bionic hands segment duringthe forecast period from 2018to 2030.
Product Definition:
A bionic limb is an artificial limb that has been enhanced with technology. This technology can provide a variety of enhancements, such as increased strength, dexterity, or stamina. Bionic limbs are often used to replace lost or damaged limbs, but they can also be used to improve the function of healthy limbs. The importance of bionic limbs lies in their ability to restore functionality and mobility to those who have lost them. Additionally, they can provide greater strength and dexterity than traditional prosthetics.
Bionic Legs:
Bionic legs are mechanical devices that are used by people who have lost their lower extremities due to disease or injury. Bionic legs can be either external powered prosthetics, or powered by the patient's own body through an implanted battery. The market for bionic limbs is expected to grow at a significant rate over the forecast period owing to rising technological advancements and increasing demand from patients suffering from limb loss.
Bionic Hands:
Bionic hands are prosthetic devices that are used to provide functional hand movement in individuals who have lost the use of their hands. Bionic limbs or bionics are artificial body parts that replace or enhance human biological functions by using electronic and mechanical systems. The most common types of bionics include upper extremity (elbow, shoulder, arm), lower extremity (knee, hip, leg), and neck/chin.
Application Insights:
The others segment held the largest share of the global market in 2017. This segment includes commercial applications such as hospitals, clinics and other healthcare facilities. The high adoption of bionic limbs due to advanced technologies used in its development is one of the major factors driving this application segment. For instance, a Canadian company called Arthrex Inc., offers surgical solutions for patients suffering from arthritis and related disorders by developing bionic arms, legs and hands that are fully integrated with artificial joints.
Hospital was the fastest growing application segment during 2017-18 owing to increasing government funding for research on limb replacement surgery through various schemes such as ¢â‚¬Å“Arthritis Care¢â‚¬ launched by WHO which funds training centers across Europe & North America that perform these surgeries at a higher rate than before which eventually drives growth over there too.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of companies, which are engaged in developing bionic limbs and related products. Moreover, high healthcare expenditure and favorable government initiatives for improving mobility after accidents oramputations are some other factors contributing to its largest share.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing cases of amputees due to road accidents, war injuries, disease (Cancer), etc., coupled with rising awareness about advanced bionic devices & implants as well as growing medical tourism industry in this region. The availability of low-cost labor and raw materials is also expected favorably impact regional growth rates over the forecast period.
Growth Factors:
- Increasing demand for prosthetic limbs among the geriatric population
- Growing awareness about the benefits of bionic limbs over traditional prosthetic devices
- Technological advancements in bionic limb design and manufacturing processes
- Rising incidence of amputations due to accidents or diseases
- Government initiatives and funding for research and development of advanced bionic limbs
Scope Of The Report
Report Attributes
Report Details
Report Title
Bionic Limbs Market Research Report
By Type
Bionic Legs, Bionic Hands
By Application
Hospital, Clinic, Others
By Companies
Abiomed Inc., Activelink, Advanced Bionics, Alterg, Axosuits, Bae Systems, Bionx Medical Technologies, B-Temia, Bana Teknoloji, Bionik Laboratories, Bioservo Technologies, Carmat, Cleveland Fes Center, COAPT, Cochlear, Cyberdyne
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Bionic Limbs Market Report Segments:
The global Bionic Limbs market is segmented on the basis of:
Types
Bionic Legs, Bionic Hands
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abiomed Inc.
- Activelink
- Advanced Bionics
- Alterg
- Axosuits
- Bae Systems
- Bionx Medical Technologies
- B-Temia
- Bana Teknoloji
- Bionik Laboratories
- Bioservo Technologies
- Carmat
- Cleveland Fes Center
- COAPT
- Cochlear
- Cyberdyne
Highlights of The Bionic Limbs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bionic Legs
- Bionic Hands
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bionic Limbs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bionic limbs are prosthetic devices that replace lost or damaged limbs. They can be attached to the body using a variety of methods, including screws, pins and plates. Bionic limbs can provide significant mobility and functionality for people who have lost their arms or legs.
Some of the key players operating in the bionic limbs market are Abiomed Inc., Activelink, Advanced Bionics, Alterg, Axosuits, Bae Systems, Bionx Medical Technologies, B-Temia, Bana Teknoloji, Bionik Laboratories, Bioservo Technologies, Carmat, Cleveland Fes Center, COAPT, Cochlear, Cyberdyne.
The bionic limbs market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bionic Limbs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bionic Limbs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bionic Limbs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bionic Limbs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bionic Limbs Market Size & Forecast, 2020-2028
4.5.1 Bionic Limbs Market Size and Y-o-Y Growth
4.5.2 Bionic Limbs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bionic Legs
5.2.2 Bionic Hands
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bionic Limbs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bionic Limbs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bionic Legs
9.6.2 Bionic Hands
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bionic Legs
10.6.2 Bionic Hands
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bionic Legs
11.6.2 Bionic Hands
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bionic Legs
12.6.2 Bionic Hands
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bionic Legs
13.6.2 Bionic Hands
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bionic Limbs Market: Competitive Dashboard
14.2 Global Bionic Limbs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abiomed Inc.
14.3.2 Activelink
14.3.3 Advanced Bionics
14.3.4 Alterg
14.3.5 Axosuits
14.3.6 Bae Systems
14.3.7 Bionx Medical Technologies
14.3.8 B-Temia
14.3.9 Bana Teknoloji
14.3.10 Bionik Laboratories
14.3.11 Bioservo Technologies
14.3.12 Carmat
14.3.13 Cleveland Fes Center
14.3.14 COAPT
14.3.15 Cochlear
14.3.16 Cyberdyne
