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Global Bionic Devices Market by Type (Cochlear Implants, Exoskeletons, Cardiac Bionics, Ventricular Assist Device), By Application (Hospital, Clinic, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MDC-413
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 88
  • No. Of Pages: 203
  • Format:
  • Pub. Date: 2021-03-01
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The Global Bionic Devices Market size is estimated to reach USD 46.7 billion by 2028, growing at a CAGR of 14.9% during the forecast period from 2021 to 2028. The growth in this market can be attributed primarily to an increase in investments by governments and private organizations for research and development activities on bionics projects such as exoskeletons, cardiac ventricular assist device (VAD), cochlear implants, etc., coupled with the rising geriatric population base globally.


Bionic devices are electronic prosthetic devices that enhance human capabilities and functions. These include cochlear implants, exoskeletons, cardiac bionics, ventricular assist device, etc. Bionic devices are implanted into humans or animals as replacements for missing body parts that have lost their physiological functions due to accidents or diseases. They use advanced technology such as sensors and actuators which are controlled by a computer with artificial intelligence to make up for the functions of a damaged organ.


On the basis of Type, the market is segmented into Cochlear Implants, Exoskeletons, Cardiac Bionics, and Ventricular Assist Device.


Cochlear Implants:

Cochlear Implants are a type of bionic device which are implanted in the inner ear to help people with hearing loss. Cochlear implants work by sending sound waves from a microphone, directly into the cochlea (the auditory portion of the inner ear). These are devices that can be inserted into a person’s inner ear in order to restore their hearing. The implant sends sound signals to the nerves of the auditory system, which then translate these sounds into an electrical signal and send it to your brain. Cochlear implants cannot improve speech understanding or get rid of tinnitus (a disorder characterized by ringing noise).



Exoskeletons are a type of bionic device that can be worn by people to assist in the rehabilitation of their motor functions. These devices help muscles do work they wouldn't normally have the strength to perform, and also reduce stress on joints. There is some evidence suggesting potential benefits for patients with Parkinson's Disease and those who have suffered from strokes or heart attacks, but these studies need to be replicated before any conclusions can be made.


Cardiac Bionics:

Cardiac Bionics is used in bionic technology to repair or replace parts of the heart. Cardiac Bionics is a branch within cardiac surgery that uses artificial valves, pumps, and other devices to help improve or maintain blood flow through the body. These are often implanted inside patients' hearts during open-heart surgery.

There are two different types of cardiac bionics: mechanical and biological. Mechanical devices use parts that are made from metal, plastics, or other synthetic materials to replace the function of a faulty heart valve or coronary artery bypass graft (CABG). Biological systems use cells taken from human tissue in the laboratory to grow new valves for insertion into patients' hearts.


Ventricular Assist Devices:

A Ventricular assist device is a medical device that helps pump blood from the left ventricle to other areas of the body. It works in a manner similar to an artificial heart, but does not replace it; rather, this type of bionic device can be used as an alternative for people who need help with their circulation. These devices are typically implanted into patients and then externally connected via tubes or wires attached to various parts of their bodies so they can remain mobile during treatment.


On the basis of Application, the market is segmented into Hospitals, Clinics, and Others. A major application of Bionic Devices is in the healthcare sector. The use of these devices has been on a steady rise owing to their ability to improve rehabilitation, reduce hospitalization and shorten recovery time post-surgery. Hospitals are using them with high frequency for pre-surgical assessment as well as during surgery or treatment sessions. They have also found utility in diagnosis by providing an early detection mechanism for many diseases before they would otherwise be detected through traditional methods such as imaging techniques like MRI or CT scan. Moreover, hospitals can aid surgeries by precisely guiding medical instruments and surgical tools according to the patient's data captured from wearables like smartwatches and fitness trackers.


On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2017, the North American region accounted for a significant share in the global bionic devices market as it is one of the leading markets for cardiac intervention products with growing demand from patients suffering from heart diseases.

The European market has also experienced significant growth in the past few years due to the rise in the aging population. The Asia Pacific and the Rest of the World comprising India, China, Japan, and other Asian countries can be considered as emerging markets with high potential for future growth over the forecast period.


Up Market Research published a new report titled “Bionic Devices Market research report which is segmented by Types (Cochlear Implants, Exoskeletons, Cardiac Bionics, Ventricular Assist Device), By Applications (Hospital, Clinic, Others), By Players/Companies Abiomed, Activelink, Advanced Bionics, Alterg, Axosuits, Bae Systems, Bionx Medical Technologies, B-Temia, Bana Teknoloji, Bionik Laboratories, Bioservo Technologies, Carmat, Cleveland Fes Center, COAPT, Cochlear, Cyberdyne”.


Report Scope

Report Attributes Report Details
Report Title Bionic Devices Market Research Report
By Type Cochlear Implants, Exoskeletons, Cardiac Bionics, Ventricular Assist Device
By Application Hospital, Clinic, Others
By Companies Abiomed, Activelink, Advanced Bionics, Alterg, Axosuits, Bae Systems, Bionx Medical Technologies, B-Temia, Bana Teknoloji, Bionik Laboratories, Bioservo Technologies, Carmat, Cleveland Fes Center, COAPT, Cochlear, Cyberdyne
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 203
Number of Tables & Figures 143
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Bionic Devices Industry Outlook

Global Bionic Devices Market Report Segments:

The market is segmented by Type Cochlear Implants, Exoskeletons, Cardiac Bionics, Ventricular Assist Device and By Application Hospital, Clinic, Others.


Some of the companies that are profiled in this report are:

  1. Abiomed
  2. Activelink
  3. Advanced Bionics
  4. Alterg
  5. Axosuits
  6. Bae Systems
  7. Bionx Medical Technologies
  8. B-Temia
  9. Bana Teknoloji
  10. Bionik Laboratories
  11. Bioservo Technologies
  12. Carmat
  13. Cleveland Fes Center
  14. COAPT
  15. Cochlear
  16. Cyberdyne

Bionic Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Bionic Devices Market

Overview of the regional outlook of the Bionic Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Bionic Devices Market Overview

Highlights of The Bionic Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Bionic Devices Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Cochlear Implants

                2. Exoskeletons

                3. Cardiac Bionics

                4. Ventricular Assist Device

       7. By Application:

                1. Hospital

                2. Clinic

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bionic Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Consumer Insights
  • Understanding Competition Scenario
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Bionic Devices Market Statistics

Reasons to Purchase the Bionic Devices Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bionic Devices Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Bionic Devices Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Bionic Devices Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Bionic Devices Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Bionic Devices Market Size & Forecast, 2018-2028 
      4.5.1 Bionic Devices Market Size and Y-o-Y Growth 
      4.5.2 Bionic Devices Market Absolute $ Opportunity 

Chapter 5 Global Bionic Devices Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Bionic Devices Market Size Forecast by Type
      5.2.1 Cochlear Implants
      5.2.2 Exoskeletons
      5.2.3 Cardiac Bionics
      5.2.4 Ventricular Assist Device
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Bionic Devices Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Bionic Devices Market Size Forecast by Applications
      6.2.1 Hospital
      6.2.2 Clinic
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Bionic Devices Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Bionic Devices Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Bionic Devices Analysis and Forecast
   9.1 Introduction
   9.2 North America Bionic Devices Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Bionic Devices Market Size Forecast by Type
      9.6.1 Cochlear Implants
      9.6.2 Exoskeletons
      9.6.3 Cardiac Bionics
      9.6.4 Ventricular Assist Device
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Bionic Devices Market Size Forecast by Applications
      9.10.1 Hospital
      9.10.2 Clinic
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Bionic Devices Analysis and Forecast
   10.1 Introduction
   10.2 Europe Bionic Devices Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Bionic Devices Market Size Forecast by Type
      10.6.1 Cochlear Implants
      10.6.2 Exoskeletons
      10.6.3 Cardiac Bionics
      10.6.4 Ventricular Assist Device
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Bionic Devices Market Size Forecast by Applications
      10.10.1 Hospital
      10.10.2 Clinic
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Bionic Devices Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Bionic Devices Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Bionic Devices Market Size Forecast by Type
      11.6.1 Cochlear Implants
      11.6.2 Exoskeletons
      11.6.3 Cardiac Bionics
      11.6.4 Ventricular Assist Device
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Bionic Devices Market Size Forecast by Applications
      11.10.1 Hospital
      11.10.2 Clinic
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Bionic Devices Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Bionic Devices Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Bionic Devices Market Size Forecast by Type
      12.6.1 Cochlear Implants
      12.6.2 Exoskeletons
      12.6.3 Cardiac Bionics
      12.6.4 Ventricular Assist Device
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Bionic Devices Market Size Forecast by Applications
      12.10.1 Hospital
      12.10.2 Clinic
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Bionic Devices Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Bionic Devices Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Bionic Devices Market Size Forecast by Type
      13.6.1 Cochlear Implants
      13.6.2 Exoskeletons
      13.6.3 Cardiac Bionics
      13.6.4 Ventricular Assist Device
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Bionic Devices Market Size Forecast by Applications
      13.10.1 Hospital
      13.10.2 Clinic
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Bionic Devices Market: Competitive Dashboard
   14.2 Global Bionic Devices Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Abiomed
      14.3.2 Activelink
      14.3.3 Advanced Bionics
      14.3.4 Alterg
      14.3.5 Axosuits
      14.3.6 Bae Systems
      14.3.7 Bionx Medical Technologies
      14.3.8 B-Temia
      14.3.9 Bana Teknoloji
      14.3.10 Bionik Laboratories
      14.3.11 Bioservo Technologies
      14.3.12 Carmat
      14.3.13 Cleveland Fes Center
      14.3.14 COAPT
      14.3.15 Cochlear
      14.3.16 Cyberdyne
Segments Covered in the Report
The global Bionic Devices market has been segmented based on

By Types
  • Cochlear Implants
  • Exoskeletons
  • Cardiac Bionics
  • Ventricular Assist Device
By Applications
  • Hospital
  • Clinic
  • Others
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Abiomed
  • Activelink
  • Advanced Bionics
  • Alterg
  • Axosuits
  • Bae Systems
  • Bionx Medical Technologies
  • B-Temia
  • Bana Teknoloji
  • Bionik Laboratories
  • Bioservo Technologies
  • Carmat
  • Cleveland Fes Center
  • Cochlear
  • Cyberdyne

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