Data-Driven Decision Making: Bionics Market Insights for Sustainable Growth

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The term ‘bionics’ is a portmanteau coined by American physician Dr. Jack E. Steele in August 1958, using the words biology and electronics. Bionics, which signifies biologically inspired engineering, is the application of various biological methods to the study and design of engineering systems. In simpler words, bionics is the study of various mechanical systems that function like the natural biological systems of living beings. Common examples of bionics in the field of engineering include radar, sonar, the hulls of boats that imitate dolphins’ thick skin, and medical ultrasound imaging that mimics animal echolocation. In computer science, bionics holds a great deal of significance as it has help scientists develop artificial neural networks, artificial neurons, and swarm intelligence.

The report analyzes the leading players of the global Bionics market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Bionics market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Bionics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Medtronic, Abbott, Biomet, Inc., Zimmer Biomet, Iwalk, Inc., ABIOMED, INC, Berlin Heart Gmbh, Ekso Bionics Boston Scientific Corporation, Edward Lifesciences Corporation, Jarvik Heart, Inc., Heartware International, Inc., SynCardia Systems, LLC

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Emergen Research has segmented the global Bionics market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

By Product Type:
Ear Bionics
Cochlear Implants
Auditory Brainstem Implants
Bone Anchored Hearing Systems
Vision Bionics
Orthopedic Bionics
Upper limb
Lower limb
Exoskeleton
Electrical Bone Growth Stimulators
Cardiac Bionics
Total Artificial Heart
Pacemaker
Ventricular Assist Device
Biventricular Assist Device (BIVAD)
Left Ventricular Assist Device (LVAD)
Right Ventricular Assist Device (RVAD)
Artificial Heart Valves
Neural/Brain Bionics
Internal Neurostimulators
Deep Brain Stimulators (DBS)
Spinal Cord Stimulators (SCS)
Vagus Nerve Stimulators (VNS)
Sacral Nerve Stimulators (SNS)
Others
By Method of Fixation
External Bionics
Implantable Bionics
more

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:

Analysis and estimation of the Bionics Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Bionics Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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