The Middle-East and Africa Artificial Organs and Bionics market has been estimated at USD 1.48 Billion in 2016 and is projected to reach USD 2.33 Billion by 2021, at a CAGR of 9.45% during the forecast period from 2016 to 2021. Artificial organs and bionics are man-made devices that can be implanted or integrated into humans to either replace a natural organ or provide support for the purpose of restoring a specific function or a group of related functions so that the patient may return to normal life as soon as possible. Bionics provides support and can be both implantable and externally worn to restore certain bodily functions.
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The market for Artificial Organs and Bionics is mainly driven due to increasing organ failure owing to aging and age-related disorders, high incidence of road accidents and injuries leading to amputations and growing public awareness about various diseases, advancements in medical bionic implant and artificial organs procedures. But, the market growth can be hampered due to high implantation cost of artificial organs, lack of surgical experts in transplantation field, and uncertain reimbursement scenario.
Middle-East and Africa market for Artificial Organs and Bionics is segmented based on Product, Technology and Type of fixation. By Products, the market is further sub-segmented into Artificial Organs and Bionics. Artificial Organs segment is further sub-segmented into Artificial Heart, Artificial Kidney, Artificial liver, Artificial pancreas, and Artificial lungs. Bionics segment is further sub-segmented into Vision bionics, Orthopedic bionic, Cardiac Bionics, and Brain bionics. By Technology, the market is further sub-segmented into Electronic bionics and Mechanical bionics. By Type of fixation, the market is further sub-segmented into Implantable and Externally-worn. Cardiac bionics and Brain bionics accounts for the largest share in this market.
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Geographically, Middle-East and Africa market for Artificial Organs and Bionics is segmented into Middle-East region and Africa region. The increase in income and rise in awareness in developing countries of this region and the scope of artificial organs in therapeutics are some of the important opportunities for market players in Middle-East and Africa.
Orthofix International N.V., Biomet, Inc., Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc., Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Jarvik Heart Inc. are the major players of Middle-East and Africa Artificial Organs and Bionics market.
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