Medical Biomimetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Medical Biomimetics market is segmented By Product Type (Orthopedic, Ophthalmology, Dental, Others), Application and Geography.

Market Snapshot

Market Snapshot
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.7 %

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Market Overview

The medical biomimetics market is expected to register a CAGR of 5.7% over the forecast period. The key contributor in the market growth are rising geriatric population, rising rates of organfailure and growing advancement in nanotechnology. Chronic kidney diseases damages the kidney and it couldn’t function properly which leads to failure of kidneys. According to the National Kidney Foundation, around 37 million adult population in the United States suffer from chronic kidney diseases and around 3,500 kidneys are discarded every year. Furthermore, biomimetics holds a promising future in case of regenerative medicine for treating various diseases. Biomimetic nanoplatforms that can act as a drug delivery platform are capable of providing a better therapeutic efficinecy as a it contains both fabricated and biological components.

Scope of the Report

Biomimetics or biomimicry is a technology that mimics nature and is used in various applications such as tissue engineering, drug delivery and regenerative medicine.

By Product Type
Orthopedic
Ophthalmology
Dental
Others
By Application
Plastic Surgery
Wound Healing
Tissue Engineering
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Orthopaedic is Expected to Exhibit a Significant Growth Over the Forecast Period

Orthopedic segment is expected to show a steady growth in the medical biomimetics market. Biomimetics bones have been developed to support the patients with the disability to walk. Many research studies are being conducted on for designing the calcium-phosphate protein templates. Biomineralisation process has been approached to imitate the real tissues with respect to the morphology, checmical and physical properties.

Furthermore, with the rising number of accidents the adoption of biomimetics in case of orthopedic is expected to boom. As per the data of Association for Safe International Road Travel, each year around 20 to 50 million people globally suffer from non-fatal injuries which leads to permanent diability. Hence, these factors are expected to influence positively on the market in this segment.

A&NZ DIE Market Trend Image.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to be a dominant region in the Medical Biomimetics market owing to increasing geriatric population, rising burden of chronic diseases and advancements in biomimetics. According to the U.S. Census Bureau, in 2018, around 52 million of people living in the United States are aged 65 and above. Older population is at higher risk of acquiring chronic diseases which sometimes leads to organ failure. According to the study of John Hopkins University, half of the people over 60 years are likely to develop kidney diseases. In addition to, according to the Centre for Disease Control and Prevention, almost 6 out of 10 adults in the America suffer from one or the other chronic disease. Hence, the aforementioned factors are expected to drive the medical biomimetic market in the North America.

Medical Biomimetics Market - Growth Rate by Region

Competitive Landscape

Key players in Medical Biomimetics market include Veryan Medical, SynTouch Inc., Blatchford Ltd., Skyland Brand Ventures, Avinent Science and Technology, Applied Biomimetic, Biomimetic Solutions, CellCore and Forschungszentrum Jülich.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Advancement in Nanotechnology

      2. 4.2.2 Growing Tissue Engineering Market

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Framework

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Orthopedic

      2. 5.1.2 Ophthalmology

      3. 5.1.3 Dental

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Plastic Surgery

      2. 5.2.2 Wound Healing

      3. 5.2.3 Tissue Engineering

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott

      2. 6.1.2 Avinent Science and Technology

      3. 6.1.3 Applied Biomimetic

      4. 6.1.4 Blatchford Ltd.

      5. 6.1.5 Biomimetic Solutions

      6. 6.1.6 CellCore

      7. 6.1.7 Forschungszentrum J�lich

      8. 6.1.8 SynTouch Inc.

      9. 6.1.9 Skyland Brand Ventures

      10. 6.1.10 Veryan Medical

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Medical Biomimetics market is studied from 2018 - 2026.

The Medical Biomimetics is growing at a CAGR of 5.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Veryan Medical, Syntouch Inc., Blatchford Ltd., Skyler Brand Ventures LLC, Avinent Science Technology are the major companies operating in Medical Biomimetics.

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