Pramod Kumar

2 weeks ago ·

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Boom Expected in Asia-Pacific Medical Bionics Market in Coming Years

Due to the increasing incidence of amputations, because of injuries and accidents, surging requirement for organ transplants, rising prevalence of organ failure, and the expanding pool of geriatric people in several countries, the global medical bionics market is exhibiting huge expansion. A traumatic amputation can occur because of brutal accidents and road crashes. The reattachment of a detached body part with the help of prosthetic limbs is possible only in rare cases. 

MEDICAL BIONICS
MARKET

I ae A Co oTor Tae

This massively pushed up the demand for medical bionics in the country. Besides the rising prevalence of road accidents, the growing public awareness about the benefits of medical bionics is also creating lucrative growth opportunities for the players operating in the medical bionics market. Many healthcare organizations are increasingly launching campaigns and conducting workshops for raising public awareness about medical bionics, due to the growing incidence of eye problems and limb loss. 

For example, the American Cochlear Implant (ACI) and the Hearing Loss Association of America (HLAA) entered into a partnership with Hearing Loss Association of America (HLAA) for raising awareness about improved cochlear implants. With this alliance, the organizations are helping people gain knowledge about these implants. Similarly, the Amputee Coalition of America declared the month of April as limb-loss awareness month in 2011 for raising public awareness about limb loss and its prevention methods. 

Out of these, the orthopedic category will demonstrate the fastest growth in the forthcoming years, as per the estimates of the market research firm P&S Intelligence. This is attributed to the growing incidence of upper and lower limb amputations. Globally, the medical bionics market is predicted to exhibit the highest CAGR in Asia-Pacific (APAC) in the coming years, mainly because of the surging geriatric population and the increasing prevalence of chronic diseases such as diabetes in the region. 

P&S Intelligence

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