Medical Biommimetics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Biommimetics Market Analysis
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.
Medical Biommimetics Market Trends
This section covers the major market trends shaping the Medical Biommimetics Market according to our research experts:
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.
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 Biommimetics Industry Overview
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.
Medical Biommimetics Market Leaders
Veryan Medical
Syntouch Inc.
Blatchford Ltd.
Skyler Brand Ventures LLC
Avinent Science Technology
*Disclaimer: Major Players sorted in no particular order
Medical Biommimetics Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growing Advancement in Nanotechnology
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4.2.2 Growing Tissue Engineering Market
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4.3 Market Restraints
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4.3.1 Stringent Regulatory Framework
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Orthopedic
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5.1.2 Ophthalmology
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5.1.3 Dental
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5.1.4 Others
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5.2 By Application
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5.2.1 Plastic Surgery
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5.2.2 Wound Healing
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5.2.3 Tissue Engineering
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5.2.4 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Rest of the World
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Abbott
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6.1.2 Avinent Science and Technology
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6.1.3 Applied Biomimetic
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6.1.4 Blatchford Ltd.
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6.1.5 Biomimetic Solutions
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6.1.6 CellCore
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6.1.7 Forschungszentrum Jlich
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6.1.8 SynTouch Inc.
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6.1.9 Skyland Brand Ventures
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6.1.10 Veryan Medical
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Biommimetics Industry Segmentation
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 | ||||||||
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| Rest of the World |
Medical Biommimetics Market Research FAQs
What is the current Medical Biomimetics Market size?
The Medical Biomimetics Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in Medical Biomimetics Market?
Veryan Medical, Syntouch Inc., Blatchford Ltd., Skyler Brand Ventures LLC and Avinent Science Technology are the major companies operating in the Medical Biomimetics Market.
Which is the fastest growing region in Medical Biomimetics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Biomimetics Market?
In 2024, the North America accounts for the largest market share in Medical Biomimetics Market.
What years does this Medical Biomimetics Market cover?
The report covers the Medical Biomimetics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Biomimetics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Biomimetics Industry Report
Statistics for the 2024 Medical Biomimetics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Biomimetics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
