(PharmaNewsWire.Com, May 02, 2017 ) Middle-East and Africa Artificial organs and bionics Market research report, published by Market Data Forecastestimates that the market is growing with a CAGR of 9.45% to reach USD 2.33 billion by 2021, from USD 1.48 billion in 2016.
Artificial organs and bionics are man-made apparatus that can be implanted or integrated into human beings to replace the original organ or to perform several functions. Its purpose varies either specifically to restore a function or a group of related functions to cure the patients.
Its unnecessary to bind the unnatural organ along with stationary sources and stationary electricity supply such as chemically processed units and filters. The study of electronics and mechanics to replace a functional organ is known as medical bionics. Due to faster development in the area of biomedical science, transplantation of organs has become common. All artificial organs do not compensate for physical damages like brain pacemaker that assists in reliving epilepsy, shivering of Parkinsons disease and neural network diseases. For human beings, artificial organs can be produced in labs known as vitro. In Vivo process, through the use of stem cells, xenotransplantation or else in transplantation in genetically modified animals and cyborgisation or established as a device.
Key factors which affect and thereby shift the market dynamics are studied intrinsically and are presented in an illustrious way in the report. Some of those factors are Increasing organ failures at old age. Advancement in the technology. Non-availability of donors. Increase in road accidents and injuries which lead to amputations. Improving healthcare infrastructure in developing markets High cost of the procedure. Risk of device failure and its circumstances. Lack of skilled professionals
For granular level understanding the Artificial organs and bionics Market is segmented based on product, technology and fixation, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on Product: Artificial Organs: Artificial heart Artificial kidney Artificial liver Artificial lungs Artificial Pancreas
Based on Fixation: Implantable Externally worn YoY growth analysis Market attractiveness analysis Market share analysis
The Middle-East and Africa market is also analyzed individually in both the regions, thereby providing a more detailed geographical understanding of the market. Some of the major countries that hold significant place in this market include Egypt, KSA, UAE, Nigeria and Algeria.
Some of the key players that operate in the Middle-East and AfricaArtificial organs and bionics market includeMedtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc. and Asahi Kasei Medical Co., Ltd The Middle-East and Africa Artificial organs and bionics market report offers wide-range of scope: Regional level analysis that provides an individual perspective of Middle-East and Africa region individually and on a whole Know more about key areas of industry growth via detailedSegment-level analysis on basis ofproduct, technology and fixationalong with market size forecasts and y-o-y estimations Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics Strategic Analyses containingPESTLE and Porters Five Forces Analyseswhich are obtained by studying the macro & micro environmental factors that affect the market demographics Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Market Outlook - Investment opportunitiesdevised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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