Global Bionics Market is Expected to Reach USD 20.49 Billion in 2021, Growing at CAGR of 13.2% From 2015 to 2021: Transparency Market Research

News provided by

Transparency Market Research

27 Jul, 2015, 15:00 GMT

ALBANY, New York, July 27, 2015 /PRNewswire/ --

As per the new market report published by Transparency Market Research "Bionics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," global bionics market was valued at USD 7.96 billion in 2014, growing at a CAGR of 13.2% from 2015 to 2021 to account for USD 20.49 billion in 2021.

The global bionics market is growing primarily due to the increase in the number of accidents, which is leading to paralysis or amputation of body parts. In addition, increasing cases of organ failures among the aging population is driving the growth of this market. Moreover, the concept of bionics is also being applied in other fields such as defense, in order to build exoskeletons, which can be worn by the soldiers. These exoskeleton suits or bionic suits help them to carry heavy loads and also improve their mobility in the battle field. The bionics market can be segmented into four types into: by types, by application, by technology and by regions.

Full research report on Bionics Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/bionics-market.html

By types, the bionic limbs held the largest market share of 28% which accounted to 2.23 billion in 2014. The bionic limbs market is expected to dominate the market during the forecast period. Their dominance is due to the rising cases of accidents, which are leading paralysis or amputation of limbs. In addition, the bionic limbs are becoming technically advance and now have the ability to be controlled through signals sent by the brain. These factors are driving the growth of bionic limbs.

Get Sample Report Copy OR For further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=5411

By application, the healthcare services is the major segment in the global bionics market. The healthcare sector recorded revenue of USD 5.97 billion in 2014. The reason behind the growth is the increasing technological advancement in this field, which is making the bionics smarter and efficient. However, the defense sector has been analyzed to be the fastest growing application in global bionic market during the forecast period.

By region, North America is leading the regional market for bionics and is expected to dominate the market during the forecast period. The region's dominance is due to the presence of the major bionic vendors such as Baxter International, Inc, Abiomed, Inc and Medtronic Plc among others.

Browse the Press Release of this report, here: http://www.transparencymarketresearch.com/pressrelease/bionics-market.htm

Furthermore, the key players have been profiled in this report on the basis of the company overview, recent development, products/services, historical roadmap and future strategies in the bionics market. The key players in the bionics market include Abiomed, Inc, Baxter International, Inc., Asahi Kasei Medical Co. ltd, Medtronic Plc, SynCardia Systems, Inc. and  Sonova Holding AG among others.

The report covers the global bionics market, and provides data in terms of revenue (USD billion) from 2015 to 2021. Market estimates on the basis of types, application and technology for each region.

Other Upcoming Reports by Transparency Market Research: 

The market has been segmented as follows:

Bionics Market: By Types 

  • Bionic brain
  • Bionic heart
  • Bionic limbs
  • Bionic vision
  • Exoskeleton
  • Others

Bionics Market: By Application 

  • Healthcare
  • Defense

Bionics Market: By Technology 

  • Mechanical bionics
  • Electronic bionics

Bionics Market: By Geography 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The report provides a cross-sectional analysis of all the above segments with respect to the following regions:

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

Browse All Semiconductor & Electronics Market Reports: http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About Us 

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr. Atil Chaudhari
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Blog: http://www.europlat.org