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Bionic Devices Market Size 2021 | Global Industry Statistics Analysis 2027

Bionic devices market is projected to witness commendable growth by recording over USD 7.9 billion in valuation by 2027.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4609

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Bionic Devices Market Size 2021 | Global Industry Statistics Analysis 2027

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  1. Bionic Devices Market is projected to reach CAGR 8.1% by 2027

  2. Key Insights from Bionic Devices Market: • Bionic devices market is projected to witness commendable growth by recording over USD 7.9 billion in valuation by 2027. A considerable rise in the prevalence of chronic diseases that lead to amputation has created significant demand for bionic devices across the world. Besides, increasing cases of hearing loss are also impelling the application of bionics. For instance, auditory bionics or cochlear implants are largely used for creating a hearing sensation by bypassing the cochlea and stimulating the brainstem. • The industry growth is being further supported by the adoption of optogenetics, machine learning, and other technologies. Increasing research and development activities pertaining to bionics coupled with the growing investments is also enhancing the business scenario.

  3. Regional Insights in Bionic Devices Market: • On the regional terrain, Japan is gaining a wide prominence in the industry and is expected to record a substantial valuation of over USD 242 million by 2027 owing to the rising prevalence of chronic ailments coupled with the aging population. As per the International Diabetes Federation statistics, in 2020, the prevalence of diabetes among the adult population of the country was 7.9%, affecting around 7.3 million individuals. Diabetic patients are known to be at higher risk of amputation.

  4. Latest Research Report On Bionic Devices Market @ https://www.gminsights.com/industry-analysis/bionic-devices-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4609

  5. Major Companies in Bionic Devices Market: • Sonova • Demant • Cochlear Ltd. • MED-EL Medical Electronics

  6. Industry Coverage

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