the year 2014 and is expected to reach USD 1.423 billion by the end of 2019. The CAGR during this period of estimation is expected to be 11.64%.

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. Europe is the second-largest market in the world and will grow well due to the higher per capita income in the EU region.

Spain Artificial Organs & Bionic Implants Market-Market Dynamics

The report details several factors driving and restraining the market. Some of these are listed below.

Drivers

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

Restraints

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.

What the Report Offers

• Market analysis for Spain’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 Spain.