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Bionic Devices: Technology Innovations and Growth Opportunities
Disruptive Bionic Device Technologies Mimicking Natural Functioning of the Eyes, Kidneys, and Limbs
14-Dec-2022
North America
Technology Research
DA61-01-00-00-00
HC03612-NA-TR_27257
Bionic devices are mechatronic or electronic platforms that can perform the physical and biological functions of body parts or organs that are lost or damaged because of chronic conditions or accidents. Patients that suffer complete vision loss because of retinal diseases; upper and lower limb amputations caused by accidents or chronic diseases; and chronic kidney diseases face two challenges: therapies to manage the condition are inadequate and the methods that are available do not serve as an effective solution.
Such limitations boost the demand for bionic devices that can help in effectively managing patient condition, enhance mobility, provide greater convenience, and improve health outcomes and overall quality of life. Bionic devices help restore functions of lost or damaged eyes, limbs, heart, ears, kidneys, and pancreas.
This growth opportunity-technology (GO-TE) analysis highlights innovation in bionic devices, including bionic eyes, bionic limbs, and artificial kidneys. The geographic scope is global. The analysis highlights some of the pathbreaking innovations/innovators in this space and their technology readiness levels.
This GO-TE will answer the following questions:
1. What are the technologies used in bionic devices, and what benefits do they offer?
2. What are the different applications areas of bionic devices?
3. Who are the key industry participants? What key technologies have they deployed? What are their technology readiness levels?
4. What are the government and private funding activities in this space?
5. What important partnerships and collaborations have taken place in the recent past?
6. What are the growth opportunities offered by bionic devices?
The Strategic Imperative 8™: Factors Creating Pressure on Growth in the Bionic Devices Industry
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Bionic Devices Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Methodology
Industry Overview
Technology Segmentation
Application Areas
Technology Readiness Level vs. Intensity of Technology Development
Business Growth Drivers
Technology Growth Drivers
Business Growth Restraints
Technology Growth Restraints
Research Scope
Bionic Eyes
Comparative Assessment of Retinal and Cortical Prostheses Systems
Bionic Eyes—Technology Trends
Bionic Eyes—Competitive Environment
Bionic Eyes—Competitive Environment (continued)
Artificial Kidneys
Comparative Assessment of Wearable Artificial Kidneys and Bioartifical Implantable Kidneys
Artificial Kidneys—Technology Trends
Artificial Kidneys—Competitive Environment
Artificial Kidneys—Competitive Environment (continued)
Bionic Limbs
Comparative Assessment of Bionic Arms and Hands
Comparative Assessment of Bionic Knees and Ankles/Feet
Bionic Hands and Arms—Technology Trends
Bionic Knees and Bionic Ankles/Feet—Technology Trends
Bionic Limbs—Competitive Environment
Bionic Limbs—Competitive Environment (continued)
Bionic Eyes—Regional Adoption
Artificial Kidneys—Regional Adoption
Bionic Limbs—Regional Adoption
Government and Private Funding for Bionic Devices
Government and Private Funding for Bionic Devices (continued)
R&D Networks for Bionic Devices Product Development
Growth Opportunity 1: Color-Vision Bionic Eyes with Greater Visual Clarity
Growth Opportunity 1: Color-Vision Bionic Eyes with Greater Visual Clarity (continued)
Growth Opportunity 2: 3D-printed Bionic Limbs
Growth Opportunity 2: 3D-printed Bionic Limbs (continued)
Growth Opportunity 3: Remote-monitored, Wearable, Artificial Kidneys
Growth Opportunity 3: Remote-monitored, Wearable, Artificial Kidneys (continued)
Bionic Devices—Intellectual Property Activity
Bionic Eye Patents
Artificial Kidney Patents
Bionic Limb Patents
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