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Title	High Prevalence of Diabetes in Asia-Pacific Fuel the Progress of Medical Bionics Market?
Category	Business --> Business Services
Meta Keywords	Medical Bionics Market
Owner	industrytrends
Description
One of the major factors boosting the adoption of medical bionics is the rising number of amputations, caused due to injuries and accidents, across the world. For instance, as per the Association for Safe International Road Travel (ASIRT), 2.35 million people are injured or disabled in the U.S. annually and the road accidents cost almost $230.6 billion in the country. Furthermore, according to the observations of the Organization for Economic Co-operation and Development (OECD), the total road accidents increased in the U.S. from 1.57 million to 1.75 million from 2010 to 2015 respectively. The medical bionics widely available in the market are heart, ear, vision/eye, neural/brain, and orthopedic bionics. Amongst these, the heart bionics, owing to the soaring cardiac problems and ailments across the world, recorded the highest usage in 2017. For instance, almost 17.7 million people died as a result of cardiovascular diseases in 2015, which accounted for 31.0% of all global deaths. Of these deaths, 6.7 million people died due to stroke and 7.4 million people died as a result of coronary heart diseases. The orthopedic bionics are expected to register the highest usage during the forecast period. The medical bionics market is presently witnessing the increasing development of technologically advanced bionic implants by numerous healthcare companies, that would compete with the traditional implants. Nowadays, several vendors are offering custom-made bionics in different length and size options such as bionic hands by Open Bionics. In addition to this, the manufacturers are shifting their focus toward the development of cost-effective bionics, in order to sustain their position in the market. Geographically, Asia-Pacific (APAC) is expected to witness the fastest growth in the usage of bionics during the forecast period. This is primarily attributed to the booming population of the elderly, escalating chronic diseases prevalence, rising healthcare expenditure and per capita income, and rapid advancements in research on medical bionics in the region. Moreover, the region also has a high occurrence rate of diabetes amongst its people. As per the Asian Diabetes Prevention Initiative (ADPI), Asia is home to 60% of the total diabetics in the world, which is further pushing the growth of the medical bionics industry in the region. Depending on fixation type, medical bionics are divided into implantable and non-implantable bionics. Between these, the demand for implantable bionics was found to be higher in 2017. This was because of the fact that a large number of people opted for organ transplants and the high incidence of chronic diseases across the world. Heart, orthopedic, neural/brain, ear, and vision/eye are the most widely used types of medical bionics. Out of these, the demand for orthopedic medical bionics is predicted to rise at the fastest pace in the coming years. This will be because of the surging prevalence of upper and lower limb amputations, in which bionics are required. Geographically, the medical bionics market is expected to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. This is credited to the increasing prevalence of diabetes, mushrooming population of geriatric people, rising incidence of chronic illnesses, soaring healthcare expenditure, and escalating per capita income of people in the region. Additionally, the increasing research activities being conducted in the field of medical bionics is also driving the expansion of the medical bionics market in the region. Therefore, due to the soaring geriatric population levels across the world, rising number of accidents and injuries, and the rapid innovations and advancements in the field of medicine and surgery, the demand for medical bionics will witness exponential growth in future.