The global market for artificial organ and bionics is expected to reach USD 38.75 billion by 2020 at an estimated CAGR of 9.3% from 2014 to 2020. Increasing prevalence of acute renal failure and renal disorders due to lifestyle habits such as excessive alcohol consumption and growing geriatric population base causing a rise in organ failure rates is expected to serve this market as a high impact rendering driver. In addition, growing incidence rates of accidents is expected to boost the demand for organ transplants, thus increasing demand for artificial organ. Artificial kidney dominated the global market in 2013, with revenue estimated at over USD 12.21 billion; demand is expected grow due to the increasing chronic kidney patients. Artificial liver is the fastest growing market segment, at an estimated CAGR of 11.0% from 2014 to 2020.
Browse the report:http://www.orbisresearch.com/reports/index/artificial-organ-and-bionics-market-analysis-by-product-artificial-heart-liver-kidney-pancreas-bionic-limbs-heart-valves-cardiac-vision-by-technology-mechanical-electronic-and-segment-forecasts-to-2020
Further key findings from the study suggest:
Brain bionics in the medical bionics market held the largest share of revenue for the year 2013 and the market is expected to grow at an estimated CAGR of 40.0%.The presence of high unmet medical needs in neurology disease segment coupled with expensive treatment procedures is expected to drive the market for brain bionics. Exoskeleton is the fastest growing segment and is expected to grow at a CAGR of 16.0% from 2014 to 2020.
Request a sample of the report:http://www.orbisresearch.com/contacts/request-sample/61406
North America was the largest regional market in 2013, accounting for over 42.0% of global revenue due to the increasing population and awareness among the patients and the players.
Asia Pacific is the fastest growing market and is expected to grow at a CAGR of 11.0% from 2014 to 2020 on account of rising demand due to the improvement in healthcare facilities, medical tourism and others.Increasing income levels and healthcare expenditure is expected to interest of the players’ in the emerging markets.
Buy the report@http://www.orbisresearch.com/contact/purchase/61406
Major points From table Of Contents:
Chapter One: Executive Summary
Chapter Two: Artificial organ Industry Outlook
Chapter Three: Artificial organ Product Outlook
Chapter Four: Artificial Organ Technology Outlook
Chapter Five: Artificial organ Regional Outlook
Chapter Six: Competitive Landscape 6.1 Abiomed Inc.
Chapter Seven: Methodology and Scope
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019