The market for medical bionic implants, or artificial organs, is expected to reach $17.8 billion by 2017, according to a MarketsandMarkets report.
The medical bionic implant market was valued at $12.7 billion in 2012, and its compound annual growth rate is projected at 7.1 percent.
The largest share in the medical bionic implant market is heart implants, according to the report.
The report offers several factors that may limit the growth of the market, including high costs of devices and development and limited surgical experience.
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