The Australia Artificial Organs & Bionic Implants Market – Growth, Trends & Forecast 2017 – 2022 Report has been published. It provides updated in 2018 year analysis of industries from Biomaterials, Biotechnology, Healthcare Markets.
Australia's artificial organs & bionics market is currently estimated to be valued as USD 21.7 billion for the year 2014 and is expected to reach USD 37.2 billion by the end of 2019. The CAGR during this period of estimation is expected to be 11.38%.
Currently, the global market is dominated by North America, primarily due to higher per capita income and increased awareness among the population. Following North America are Europe and Asia-Pacific. The Asia-Pacific market is filled with potential and is penetrated only to a certain extent. There is great scope for new entrants in the emerging markets of Asia and Latin America.
Australia Artificial Organs & Bionic Implants Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
Some of the factors contributing to the growth of the market are:
Rapidly aging population
Increased number of people suffering from organ failures
Rising incidents of motor accidents and injuries
Rapid technological advancements in the bionics sector
Huge scarcity of donor organs for organ transplantations
Some of the factors limiting the growth of the market are:
Stringent regulatory framework for the use of artificial organs and bionics
Fear of malfunction or failure of device
Huge criticism from a sector of healthcare professionals
The market is segmented by type and technology. By type, the market is segmented into artificial heart, kidney, liver, pancreas and lungs, and cochlear, vision, orthopedic and brain bionics and exoskeletons. By technology, the market is segmented into electrical and mechanical.
This Report Offers:
Market analysis for Australia's artificial organs & bionic implants market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share for the next 5 years.
Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
The various applications of artificial organs & bionics have been discussed in detail in addition to a comprehensive overview of the market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
The report elucidates the current situation of the artificial organs & bionics market in Australia.
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