Thumbnail

Brazil Artificial Organs & Bionic Implants Market - Growth, Trends & Forecast (2020 - 2025)

Looking to buy the report?

Brazil’s artificial organs & bionic implants market was valued at USD 0.68 billion in 2014 and is projected to reach USD 1.31 billion by 2020 at a CAGR of 11.67% during the forecast period from 2014 to 2020. The market for vital artificial organs and medical bionics is undergoing astonishing growth. 

Brazil Artificial Organs & Bionic Implants Market-Market Dynamics

The report details several factors driving and restraining the market, some of which are listed below.

Drivers

  • Scarcity of organ donors for organ transplantations
  • Advancements in the field of healthcare technology
  • Increasing organ failure owing to aging and age-related disorders
  • Increasing accidents and injuries leading to amputations
  • Increasing acceptance of organ transplantation
  • Increasing healthcare expenditure
  • Availability of improved and advanced healthcare facilities
  • Improvement of healthcare infrastructure

Restraints

  • High cost of devices
  • Uncertain reimbursement scenarios in different regions
  • Stringent regulatory framework for the use of artificial organs and bionics
  • Limited surgical expertise
  • Fear of device malfunction or failure
  • Huge criticism from a sector of healthcare professionals

Brazil’s artificial vital organs and medical bionics market is segmented by product type and technology. On the basis of technology, the industry is categorized into electronic and mechanical replacement. The products segment is categorized into two broad sub-segments - artificial vital organs and medical bionics. The artificial vital organs market is further categorized into artificial liver (bio-artificial liver device, molecular adsorbent recirculation systems, single pass albumin dialysis, liver dialysis and Prometheus), artificial heart (prosthetic heart valves, ventricular assist devices), artificial pancreas (insulin pump), artificial kidney (dialysis), artificial lungs (extracorporeal membrane oxygenation, heart-lung machines) and oxygenators. Medical bionics is sub-divided into five major categories - vision bionics (bionic eyes), ear bionics (bone anchored hearing aids and cochlear implants), neural bionics (vagus nerve stimulator, deep brain stimulator and spinal cord stimulator), heart bionics (pacemakers, ventricular assist device, total artificial heart and artificial heart valves) and orthopedic bionics (bionic limbs, legs, hands, fingers; electrical bone growth stimulators and exoskeleton).

In the artificial vital organs market, artificial kidneys lead the market due to the high incidence of acute renal failure. In the medical bionics market, bionic exoskeleton accounts for a high CAGR due to strong research initiatives in this segment. Artificial pancreas and bio-lungs are the pipeline devices in the medical bionics market.

Many players in this market are trying to expand their product portfolio in order to top the global market. While a few companies are entering the market by acquisitions, top companies are expanding their growth in this market by acquiring other companies.

Some of the key players in the market are:

  • Abbott Diabetes Care, Inc.
  • Baxter International, Inc.
  • Biomet, Inc.
  • Cochlear Ltd.
  • Edwards Lifesciences Corporation
  • Ekso Bionics
  • iWalk, Inc.

Key Deliverables in the Study

  • Market analysis for Brazil’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.
  • Identification and analysis of the macro and micro factors that affect Brazil’s artificial organs & bionic implants 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.
  • 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.
  • Insights on the major countries/regions in which this industry is growing and to also identify the regions that are still untapped.

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message