MEDICAL BIONIC IMPLANTS MARKET ANALYSIS
Global Medical Bionic Implants Market - Regional Insights
North America held the dominant position in 2019, in the global medical bionic implants market, owing to increasing incidence of cardiovascular diseases such as heart valve disease. For instance, in December 2018, Centers for Disease Control and Prevention (CDC) estimated that, nearly 25,000 deaths are reported due to heart valve disease each year in the U.S.
Europe is also showcasing the high growth in medical bionic implants market due to increased launches and approvals of new medical bionic implants. For instance, in September 2017, Advanced Bionics AG received approval from Technical Inspection Authority (TÜV), Munich, Germany, for HiFocus SlimJ electrode, an electrode for the HiRes Ultra cochlear implant platform. The HiFocus SlimJ electrode protects the cochlea during electrode insertion.
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