The global market for bionic devices reached $2.8 billion and $3.2 billion in 2015 and 2016 respectively. The market should reach $6.4 billion by 2021, growing at a compound annual growth rate (CAGR) of 15.2% from 2016 to 2021; and $12.1 billion by 2026 at a CAGR of 13.6% from 2021 to 2026.
Report Scope:
This report covers all types of bionic devices as defined above, but focuses on the following -
- Exoskeletons.
- Limbs and appendages (e.g., hands, feet, fingers).
- Hearts.
- Ears.
- Eyes.
Certain other types of devices, which fit this report’s definition of bionic, such as bionic penises, are excluded because they are experimental and the potential commercial market for them over the next 10 years is small or non-existent.
Neural implants are covered only to the extent that they form part of an electromechanical system such as a bionic arm, but are excluded if they are purely electronic/electrical in nature (e.g., spinal cord stimulators). Purely mechanical prosthetic devices such as hip implants and assistive devices that are not worn such as wheelchairs are also not covered.
The market projections do not include the cost of surgical procedures used to insert the devices, or rehabilitation or training of wearers in the use of their bionic device.
While some bionic devices are commercially available at present, the real market for bionics is long-term. The report therefore will focus mainly on identifying bionic technologies that are under development and the conditions that will determine which ones reach the market and the quantities that could potentially be sold. Given the long-term nature of the market, the report has a 10-year time frame (i.e., 2016 to 2026).
Since the market for bionic devices will continue to be focused, albeit to a diminishing degree, in the medically advanced countries, the report will present detailed market estimates for the following: the United States and Canada, and the European Union. The rest of the global market will be analyzed as a single unit.
Report Includes:
- An overview of the global market for bionics.
- Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021 and 2026.
- Segmentation of the market by device type and by region.
- Examine market opportunities for the bionics industry and the technologies.
- Description of the major types of bionic device, both commercial and developmental.
- Overview of the market drivers, restraints and trends.
- Profiles of companies related to the industry.
SCOPE OF THE STUDY
This report covers all types of bionic devices as defined above, but focuses on the following:
- Exoskeletons.
- Limbs and appendages (e.g., hands, feet, fingers).
- Hearts.
- Ears.
- Eyes.
Certain other types of devices, which fit this report’s definition of bionic, such as bionic penises, are excluded because they are experimental and the potential commercial
market for them over the next 10 years is small or non-existent.
Neural implants are covered only to the extent that they form part of an electromechanical system such as a bionic arm, but are excluded if they are purely electronic/electrical in nature (e.g., spinal cord stimulators). Purely mechanical prosthetic devices such as hip implants and assistive devices that are not worn such as wheelchairs are also not covered.
The market projections do not include the cost of surgical procedures used to insert the devices, or rehabilitation or training of wearers in the use of their bionic device.
While some bionic devices are commercially available at present, the real market for bionics is long-term. The report therefore will focus mainly on identifying bionic
technologies that are under development and the conditions that will determine which ones reach the market and the quantities that could potentially be sold. Given the
long-term nature of the market, the report has a 10-year time frame (i.e., 2016 to 2026).
Since the market for bionic devices will continue to be focused, albeit to a diminishing degree, in the medically advanced countries, the report will present detailed market
estimates for the following: the United States and Canada, and the European Union. The rest of the global market will be analyzed as a single unit.
Table of Contents
Chapter 1 INTRODUCTION
STUDY BACKGROUND
STUDY GOALS AND OBJECTIVES
INTENDED AUDIENCE
SCOPE OF THE STUDY
METHODOLOGY AND INFORMATION SOURCES
ANALYST'S CREDENTIALS
RELATED BCC RESEARCH REPORTS
BCC RESEARCH WEBSITE
DISCLAIMER
Chapter 2 SUMMARY
Chapter 3 OVERVIEW
DEFINITION OF BIONICS
HISTORY OF BIONICS
HISTORICAL ROOTS OF BIONICS
OTHER MILESTONES IN THE DEVELOPMENT OF BIONICS
EARLY BIONIC DEVICES
ENABLING TECHNOLOGIES
MINIATURIZATION
MATERIALS
SENSORS
ENERGY SOURCES
ARTIFICIAL INTELLIGENCE
APPLICATIONS AND CONDITIONS ADDRESSED
CONDITIONS AND NEEDS ADDRESSED BY BIONICS
Birth Defects
Amputations
Advanced Heart Failure
Impaired Hearing
Blindness
Other Medical Conditions
Enhanced Capabilities
PREVALENCE
All Disabilities
Worldwide
United States
Canada
European Union
Japan
Australia
Birth Defects
United States
Canada
European Union
Japan
Australia
Amputations
United States
Canada
European Union
Japan
Australia
Advanced Heart Failure
United States
Canada
European Union
Japan
Australia
Hearing Loss
United States
Canada
Europe
Japan
Australia
Blindness
United States
Canada
European Union
Japan
Australia
Chapter 4 MARKET SUMMARY
Chapter 5 BIONIC LIMBS
DESCRIPTION
APPLICATIONS
TECHNOLOGIES
ATTACHMENT
POWER SOURCES
Electrically Powered
Hybrid
CONTROLS AND SENSORS
Electromechanical Switches
Myoelectric Control
Targeted Muscle Reinnervation
Targeted Sensory Reinnervation
Myoacoustic Control
Muscle Bulge or Tendon Movement
RECENT DEVELOPMENTS
BRAIN-CONTROLLED BIONIC LIMBS
NEURAL INTERFACING
"INTELLIGENT" LIMBS
SENSING
COSMETIC IMPROVEMENTS
LIMB TRANSPLANTATION
LOW COST 3D PRINTED HANDS
PROVIDERS
PATENT ANALYSIS
MARKETS
GLOBAL MARKET FOR BIONIC LIMBS
GLOBAL MARKET BY TYPE OF LIMB
MAJOR GEOGRAPHICAL MARKET SEGMENTS
Chapter 6 BIONIC HEARTS
DESCRIPTION
APPLICATIONS
TECHNOLOGIES
TOTAL ARTIFICIAL HEARTS
Abiomed AbioCor
SynCardia Total Artificial Heart
IMPLANTABLE HEART ASSIST DEVICES
Ventricle Assisted
Pulsatile Versus Continuous-Flow Pumping
Percutaneous Versus Transcutaneous Devices
Power Source
RECENT DEVELOPMENTS
BIOPROSTHETIC ARTIFICIAL HEART
CONTINUOUS-FLOW TOTAL ARTIFICIAL HEART
OTHER TECHNICAL DEVELOPMENTS
High-Performance Materials
Greater Longevity
Miniaturization
PROVIDERS
PATENT ANALYSIS
MARKETS
GLOBAL MARKET FOR BIONIC HEARTS
Bridge-to-Transplant Applications
Destination Therapy Applications
Health Insurance Trends
Constraints on Number of Qualified Surgeons
GLOBAL MARKET BY TYPE OF CARDIAC DEVICE
MAJOR GEOGRAPHICAL SEGMENTS
Chapter 7 BIONIC EARS
DESCRIPTION
APPLICATIONS
TECHNOLOGIES
COCHLEAR IMPLANTS
Multichannel Cochlear Implants
Speech Coding
Miniaturization
Hybrid Cochlear Implants
Totally Implantable Cochlear Implants
Dual Microphone Directional Technology
Wireless Hearing Assistance Technologies
Low-Cost Cochlear Implants
MIDDLE EAR IMPLANTS
Piezoelectric Middle Ear Implants
Electromagnetic Middle Ear Implants
Other Differences
PROVIDERS
PATENT ANALYSIS
MARKET ANALYSIS
GLOBAL MARKET FOR BIONIC EARS
GLOBAL MARKET BY TYPE OF HEARING DEVICE
Cochlear Implants
Historical Sales
Market Dynamics
Projected Sales
Middle Ear Implants
Historical Sales
Market Dynamics
Projected Sales
MAJOR GEOGRAPHICAL MARKET SEGMENTS
Chapter 8 BIONIC EYES
DESCRIPTION
APPLICATIONS
TECHNOLOGIES
CORTICAL IMPLANTS
RETINAL IMPLANTS
Epiretinal Implants
Boston Retinal Implant Project
Second Sight Medical Products Inc.
Intelligent Medical Implants
Pixium Vision
Subretinal Implants
Optobionics Corp.
Retina Implant GmbH
Bionic Vision Australia
Hybrid Implants
Telescopic Implants
Optic Nerve Stimulator
Cortical Visual Prostheses
PROVIDERS
PATENTS
MARKETS
GLOBAL MARKET FOR BIONIC EYES
GLOBAL MARKET BY TYPE OF BIONIC EYE
MAJOR GEOGRAPHICAL MARKET SEGMENTS
Chapter 9 EXOSKELETONS
DESCRIPTION
APPLICATIONS
HEALTHCARE
INDUSTRIAL/COMMERCIAL
MILITARY
TECHNOLOGIES
MOTION DATA ACQUISITION AND ANALYSIS
CONTROL STRATEGIES
OTHER ISSUES IN EXOSKELETON TECHNOLOGY
Weight
Actuators
Human Attachment
Safety
Energy Efficiency
Lower Cost
PROVIDERS
PATENT ANALYSIS
MARKETS
GLOBAL MARKET FOR EXOSKELETONS
GLOBAL MARKET BY TYPE OF EXOSKELETON
MAJOR GEOGRAPHICAL MARKET SEGMENTS
Chapter 10 REGULATORY AND LEGISLATIVE ISSUES
UNITED STATES
CANADA
EUROPEAN UNION
JAPAN
AUSTRALIA
Chapter 11 VENDOR PROFILES
ABIOMED INC.
ACTIVELINK CO. LTD.
ADVANCED BIONICS CORP.
ALTERG
AXOSUITS SRL
BAE SYSTEMS PLC
BIONX MEDICAL TECHNOLOGIES INC.
B-TEMIA INC.
BANA TEKNOLOJI
BIONIK LABORATORIES
BIOSERVO TECHNOLOGIES AB
CARMAT S.A.
CLEVELAND FES CENTER
COAPT LLC
COCHLEAR LTD.
CYBERDYNE INC.
DAEWOO SHIPBUILDING AND MARINE ENGINEERING CO. LTD.
DEKA RESEARCH AND DEVELOPMENT
EKSO BIONICS
ENDOLITE
ENVOY MEDICAL
EXOATLET
EXIII INC.
FILLAUER COMPANIES INC.
GOGOA MOBILITY ROBOTS
GOLD MEDICAL TECHNOLOGIES
HDT GLOBAL
HEARTWARE
HONDA MOTOR CO LTD.
HOSMER DORRANCE CORP.
HYUNDAI MOTOR CO.
INTELLIGENT MEDICAL IMPLANTS GMBH
JAPET MEDICAL DEVICES
JARVIK HEART INC.
KINETEK WEARABLE ROBOTICS
LIBERATING TECHNOLOGIES INC.
LOCKHEED MARTIN CORP.
MED-EL
MITIHEART CORP.
MITSUBISHI HEAVY INDUSTRIES
MOTION CONTROL INC.
MOTORIKA
MYOMO INC.
NABTESCO CORP.
OPEN BIONICS LTD.
OPTOBIONICS
OSSUR HF.
OTOLOGICS LLC
OTOTRONIX LLC
OTTO BOCK HEALTHCARE GMBH
P&S MECHANICS CO. LTD.
PANASONIC-ACTIVELINK CO. LTD.
PARKER HANNIFIN CORP.
PHASEX AB
PIXIUM VISION
RB3D
REHAB-ROBOTICS CO., TD.
RELIANTHEART INC.
RETINA IMPLANT AG
REWALK ROBOTICS
REX BIONICS LTD.
ROAM ROBOTICS
ROKI ROBOTICS
ST. JUDE MEDICAL INC.
SARCOS CORP.
SECOND SIGHT MEDICAL PRODUCTS INC.
SOUNDTEC INC.
STEEPER GROUP
SUNSHINE HEART INC.
SYNCARDIA SYSTEMS LLC
TOUCH BIONICS
TOYOTA MOTOR CORP.
U.S. BIONICS INC.
VISIONCARE INC.
WANDERCRAFT SAS
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