Medical Bionic Implants And Exoskeletons Market IntoDepth Analysis, Growth Strategies and Comprehensive Forecast to 2022 to 2032

 The global medical bionic implants and exoskeletons market stood at U$ 454.5 Million in 2016. It is expected to expand at a CAGR of 7.5% during the period 2017-2027 to reach U$ 1,001.4 Million. By the end of 2022, the market for medical bionic implants and exoskeletons is anticipated to be worth US$ 683.9 million. From 2022 to 2032, the market is projected to grow at a CAGR of 8.0%, reaching a valuation of US$ 1.5 billion. The global market for medical exoskeletons and bionic implants is expanding as a result of factors including the increasing number of trauma cases and technological improvements in medicine.

Factors such as rising amputation rates, diabetes, arthritis, trauma cases and expanding ageing demographics have led to a higher number of bionic implants and exoskeletons procedures. According to National Center for Health Statistics, 185,000 new amputations are consistently being performed in the U.S every year. Advancement in new robotics technology (mind-controlled bionic limbs & exoskeletons) coupled with 3D printing is also positively impacting the growth of the market.

Although Future Market Insights maintains a positive outlook on the global medical bionic implants and exoskeletons market, a high cost of the implants, budgetary restraints and inadequate reimbursement policies can hinder the market’s growth.

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The key trends that are expected to govern the global medical bionic implants and exoskeletons market in the near future are;

·         Valuable bionic products are increasingly penetrating the emerging markets as they are cost-effective and offer good quality.

·         Rising patient awareness is likely to prevent patients from opting for traditional medical procedures. This, in turn, is further expected to boost the demand for bionic products.

·         Manufacturers are adopting new automated channel systems, computer-navigated and robot-assisted 3D printing technology and smart implants, making bionic implant and exoskeletons procedures more credible and pragmatic for patients.

Bionic Forelimbs/Hand Bionics Account for Highest Revenue Share

As per Future Market Insights’ findings, revenues from bionic forelimb/hand bionic implants are currently high. Throughout the forecast period, this segment is expected to account for a considerable revenues share of the market owing to vast improvements that are being made in bionic forelimb/hand functionality.

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By mode, prosthetic bionic is expected to remain the most attractive segment in 2017 and beyond.  This is primarily attributed to the increasing acceptance of bionic prosthetics coupled with rising amputation rates across the globe.

By Segment

Product

·         Bionic Forelimbs/Hand Bionics

·         Wrist Bionics

·         Bionic Elbow Braces

·         Bionic Limbs

·         Bionic Fingers

·         Bionic Legs/Lower Limbs

·         Bionic Knee Braces

·         Ankle Bionics

·         Bionic Foot Below Knee

·         Bionic Exoskeletons and Suits

Region

·         North America

·         Latin America

·         Western Europe

·         Eastern Europe

·         APEJ

·         Japan

·         MEA

Mode

·         Prosthetic Bionics

·         External Bionics

Full Report @ https://www.futuremarketinsights.com/reports/medical-bionic-implants-and-exoskeletons-market

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