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Medical Biomimetics Market will reach over USD 35 billion by 2025; as per a new research report.Increasing rate of organ failure coupled with growing geriatric population base will act as growth impact rendering factors for medical biomimetics market during the forecast timeframe. As per the U.S. Census Bureau?s 2017 National Population Projections, there will be nearly 78 million people aged more than 65 years, while 76.7 million under 18 years of age in the U.S. by 2035, thereby escalating demand for biomimetics products in coming future.
Application segment of medical biomimetics market includes plastic surgery, wound healing, tissue engineering, drug delivery and others including nanomedicine, drug discovery, enzymatic modification and medical engineering. Plastic surgery application segment will witness 6.3% CAGR over the coming years due to wide application of biomimetics in plastic surgery for scaffold formation. It is also used in craniofacial surgery for restoration of facial aesthetics, function and form.
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High adoption of western culture, unhealthy diet and physical inactivity has led to rising incidence of cardiovascular diseases, resulting in increased demand for biomimetic cardiovascular products. Numerous applications of biomimetics in healthcare industry including fields such as dentistry, orthopedics, cardiovascular, and ophthalmology should stimulate business growth during the analysis period.
Increasing R&D activities pertaining to development of innovative biomimetic products along with advancements in nanotechnology, tissue engineering utilizing biomimetics technology should positively impact industry expansion. However, high capital investment in R&D along with stringent regulations will hinder industry growth during the forecast timeframe.
Orthopedic product segment accounted for more than 30% market share in 2018 and is estimated to witness significant growth during the forecast period owing to growing demand for orthopedic prosthesis and implants. For instance, increasing number of accidents and injuries have escalated the demand for prosthetic limbs. Technological advancements including development of augment bone graft should positively impact segmental growth.
Germany medical biomimetics market dominated European region in 2018 and is anticipated to grow at 5.8% during the forecast period. High technological adoption, rising geriatric population prone to suffer from organ failure and increasing incidence of ophthalmology, orthopedic and cardiovascular disorders in the country are driving factors for Germany medical biomimetics market.
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Saudi Arabia medical biomimetics market will witness 5.2% CAGR during the forecast timeframe. Growing demand and adoption of cosmetic surgical procedures among women, technological advancements and rising awareness should drive Saudi Arabia medical biomimetics industry during the analysis period. Rising incidence of coronary heart disease coupled with growing uptake of unhealthy habits such as alcohol consumption and tobacco smoking will augment demand for biomimetic products in the region.
Few notable companies operating in global medical biomimetics market are
Abbott, Veryan Medical, Biomimetics Technologies, Avinent, BioHorizons, Applied Biomimetic, and BioHorizons IPH. Industry players are collaborating with universities and other research institutes to strengthen development of innovative biomimetic products. In December 2018, University of Minnesota Technology Commercialization announced launch of Vascudyne Inc., a start-up company focusing on development of biologically engineered tissue offering regenerative capacity for therapeutic and medical applications.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Medical biomimetics industry 360 degree synopsis, 2014 - 2025 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Medical Biomimetics Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Advancements in nanotechnology
3.3.1.2. Growing elderly population and increasing rate of organ failure
3.3.1.3. Growing tissue engineering market
3.3.1.4. Favorable funding scenario
3.3.2. Industry pitfalls and challenges
3.3.2.1. Stringent clinical and regulatory requirements
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By application
3.5. Technology landscape
3.6. Porter's analysis
3.7. Competitive landscape,2017
3.7.1. Strategy dashboard
3.8. PESTEL analysis
Chapter 4. Medical Biomimetics Market, By Product
4.1. Key segment trends
4.2. Cardiovascular
4.2.1. Market size, by region, 2014-2025 (USD Million)
4.3. Orthopedic
4.3.1. Market size, by region, 2014-2025 (USD Million)
4.3.2. Prostheses
4.3.2.1. Market size, by region, 2014-2025 (USD Million)
4.3.3. Exoskeleton
4.3.3.1. Market size, by region, 2014-2025 (USD Million)
4.4. Ophthalmology
4.4.1. Market size, by region, 2014-2025 (USD Million)
4.5. Dental
4.5.1. Market size, by region, 2014-2025 (USD Million)
4.6. Others
4.6.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Medical Biomimetics Market, By Application
5.1. Key segment trends
5.2. Plastic surgery
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3. Wound healing
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4. Tissue engineering
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5. Drug delivery
5.5.1. Market size, by region, 2014-2025 (USD Million)
5.6. Others
5.6.1. Market size, by region, 2014-2025 (USD Million)
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