Medical Bionic Implants Market Size Share Forecast 2026


Posted July 22, 2020 by tejasa

Medical bionic implants are special type of devices made with the help of biological methods and systems found in nature the best known example is cochlear implant, a device for deaf people that is implanted in the human body.

 
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Medical bionic implants are special type of devices made with the help of biological methods and systems found in nature the best known example is cochlear implant, a device for deaf people that is implanted in the human body. Medical bionic implants function same as normal body organ. Bionics is actually a combination of biology and electronics. Instead of robotic versions of implant medical bionic implants serves better. As medical bionic implants can perform original function precisely or can also do even better than it.
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Medical bionic implants are used for organ transplantation when an organ of person is damaged due to disease and injury. As there are very few organ donors than the demand and if donor is found there are chances of rejection of transplanted organs. Whereas, medical bionic material are made up of biomaterials. Biomaterial is living or non-living substance introduced in the body as the part of bionic substitute to an organ or function associated to it.
Increasing launches and approvals of new medical bionic implants is one of the major factor that drives the market growth in near future. For instance, in June 2019, Cochlear Limited, a provider of implantable hearing solutions, received approval from the U.S. Food and Drug Administration (FDA), for Nucleus Profile Plus Implant, designed to provide safe access to Magnetic Resonance Imaging (MRI) scans.
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Similarly, in January 2018, Pixium Vision, a manufacturer of bionic vision systems, received approval from the US Food and Drug Administration (FDA) to initiate the clinical study for PRIMA, a wireless photovoltaic subretinal implant, indicated for the patients with Atrophic Dry Age-related Macular Degeneration (AMD).
Table of Contents
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Top players in the market
Some of the key players operating in the global medical bionic implants market include Terumo Corporation, Ossur Americas, Advanced Bionics AG, Pixium Vision, Cochlear Limited, EKSO Bionics, Orthofix, Nano Retina Inc., Second Sight Medical Products, Inc., Otto Bock, LifeNet Health, Inc., Edwards LifeSciences Corporation, Medtronic Inc., Tibion Corporation, Touch Bionics Limited, and Boston Scientific Corporation.
Research methodology adopted by Coherent Market Insights
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Last Updated July 22, 2020