Bionics includes the analysis of organic systems, so that non-natural systems which can reproduce their roles be created. Bionic implants are electronic or mechanical systems that execute the roles of living organisms.
The worldwide medical bionic implants market is estimated to rise during the forecast phase of 2012 to 2017, at a CAGR of about 7 percent. It is likely to achieve about USD 18 billion by the end of the forecast phase.
Growing cases of organ malfunction and rising accidents and injuries are anticipated to propel this market in the years to come. Also, increasing number of people looking forward to undergoing transplants of their organs is pushing further development of the medical bionic implants market.