Bionics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

Transparency Market
Research

Bionics Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 – 2021

Published Date
2015-07-20

62 Page Report

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Bionics Market is Expected to Reach USD 20.49 billion in 2021 :
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Bionics Market

REPORT DESCRIPTION

Bionics is the study of biological functions and the development of artificial organs and body parts that are
used as a replacement of the original part or organs. The bionic organs are designed in such a way so that
they can imitate the functions of the organs in order to operate properly. The market is expected to grow
during the forecast period due to the increasing demand for artificial organs in the healthcare sector. In
addition, the aging population is resulting into multiple organ failure. This in return is creating a need for
organ transplant. However, the chance for getting a suitable donor for a transplant requires lot of time and
thus reduces the chance of survival. The use of bionics part does not require time and these parts are
designed to adjust with the body requirements. Furthermore, the bionics are also being applied in the
defense sector in the form of exoskeleton suits which enables a soldier to carry heavy loads without
reducing his or her speed in the battlefield.
Browse the full Bionics Market report at
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However, the market is facing restraint in the form of high of these devices. The bionic organs are very
costly and cannot be afforded by everyone. Moreover, the development of the bionics organs involves
extensive research and development which can only be funded by governments. These factors are
expected to hinder the market initially.
The bionics market is expected to grow...