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Latin America Artificial Organs and Bionics Market 2017-2021 Industry Analysis and Future Insights

(, April 16, 2018 ) Latin America Artificial Organs and Bionics market has been estimated at USD 1.85 Billion in 2016 and is projected to reach USD 2.99 Billion by 2021, at a CAGR of 10.10% during the forecast period from 2016 to 2021. Artificial organs are man-made medical devices that are implanted or integrated into a human body to efficiently replace the non-functioning organs and restore the bodily functions to normalcy. On the other hand, medical bionics is the collaboration between engineering and science to deliver and design medical solutions to several patients.

The market for Artificial Organs and Bionics is mainly driven due to increase in the number of cases associated with failure of heart, kidneys, pancreas, and lungs which have increased the demand for organ replacements. Also, rising geriatric population base is driving the market growth. But, the market growth can be hampered due to cost of the procedure, fear of device malfunction and its consequence, and limited skilled personnel to carry out the procedures.

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Latin America market for Artificial Organs and Bionics is segmented based on Product, Technology and Type of fixation. By Products, the market is further sub-segmented into Artificial Organs and Bionics. Artificial Organs segment is further sub-segmented into Artificial Heart, Artificial Kidney, Artificial liver, Artificial pancreas, and Artificial lungs. Bionics segment is further sub-segmented into Vision bionics, Orthopedic bionic, Cardiac Bionics, and Brain bionics. By Technology, the market is further sub-segmented into Electronic bionics and Mechanical bionics. By Type of fixation, the market is further sub-segmented into Implantable and Externally-worn. Cardiac bionics and Brain bionics accounts for the largest share in this market.

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Geographically, Latin America market for Artificial Organs and Bionics is segmented into Brazil, Argentina, Mexico and Rest of Latin America. The opportunities in Latin American market for new entrants include improving income levels, and rising awareness in emerging economies. Also, lack of organ donors and large number of people waiting for their organ transplants are expected to provide significant growth opportunity to artificial organs and bionics market in this region.

Orthofix International N.V., Biomet, Inc., Medtronic, Inc., Cochlear Ltd., Second Sight Medical Products, Inc., Ossur, Ekso Bionics, St. Jude Medical, Inc., Baxter International, Inc., Abiomed Inc., Asahi Kasei Medical Co., Ltd, Berlin Heart GmbH, Boston Scientific Corporation, F Hoffman-La Roche Ltd, Worldheart Corporation, Thoratec Corporation, Gambro AB, Lifenet Health, Jarvik Heart Inc. are the major players of Latin America Artificial Organs and Bionics market.

Scope of the Report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.

Market Data Forecast.

Abhishek Shukla


Source: EmailWire.Com


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