Medical Biomimetics Market to Record Substantial Gains By 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-23
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Medical Biomimetics Market to Record Substantial Gains By 2025

Medical biomimetics market is set to witness a remarkable growth over the projected timeframe of 2019 to 2025, attributing to increasing importance of biomimicry in medical industry, primarily driven by rising incidence of organ failure across the globe. Additionally, increasing geriatric population who are prone to chronic and orthopedic disorders will also support the market growth.  According to the U.S. Census Bureau's 2017 National Population Projections, nearly 78 million residents will be aged above 65 years, while approximately 76.7 million will be under 18 years of age in the U.S. by 2035.

Rising adoption of unhealthy lifestyle, eating habits and  physical inactivity has led to a significant rise in the number of cardiovascular diseases, which in turn has evoked the demand for biomimetic cardiovascular products. Extensive application of biomimicry across healthcare sector in the fields of orthopedics, dentistry, ophthalmology and cardiovascular is likely to open large growth avenues for the medical biomimetics market.

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Mounting cases of injuries and accidents have resulted in the requirement for prosthetic limbs. Growing demand for implants and orthopedic prosthesis in many regions is expected to boost the need for biomimetics orthopedic. Technological advancements and innovations like the development of augmented bone graft are some of the factors expected to positively boost product demand. Reports indicate that the orthopedic product sector seized more than 30% of the market share in 2018 and is assessed to witness momentous growth during the estimated period.

Orthopedic segment is observing an accelerating demand for biomimetics due to  rising adoption of implants and orthopedic prosthesis. For instance, growing number of injuries and accidents have fostered the demand for prosthetic limbs. Another growth rendering factor for the segment is ongoing technological advancements such as development of augment bone graft. Considering these parameters, orthopedic segment had secured a substantial market share of 30% in 2018 and is anticipated to grow over the subsequent years.

Germany medical biomimetics market had dominated the European region in 2018 and is estimated to grow at 5.8% over the analysis period. This can be attributed to increasing technological advancements in biomimetics along with rising geriatric population which is susceptible to suffer from organ failure. Further, rising incidence of cardiovascular disorders, ophthalmology and orthopedic disorders in the country is also likely to stimulate the business growth.

Prominent industry players operating in medical biomimetics market such as Avinent, Abbott, BioHorizons, Veryan Medical, Applied Biomimetic, Biomimetics Technologies and BioHorizons IPH are inclined on implementing effective business strategies to gain a strong foothold in the market. For instance, in 2018, University of Minnesota Technology Commercialization established a start-up company Vascudyne Inc., for the development of biologically engineered tissue providing regenerative capacity for medical and therapeutic applications.

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Partial Chapter of the Table of Content

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. Medical Biomimetics 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

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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