Medical Biomimetics Market Growth Set to Surge Significantly during 2018 – 2024
Category: #health  By Partha Ray  Date: 2019-08-06
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Medical Biomimetics Market Growth Set to Surge Significantly during 2018 – 2024

MarketStudyReport.com Adds New Medical Biomimetics Market 2018 – 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 120 Pages with table and figures in it.

Germany medical biomimetics market dominated European region in 2017 and is anticipated to grow at 5.5% during the forecast period. High technological adoption, rising geriatric population prone to suffer from organ failure and increasing incidences of ophthalmology, orthopedic and cardiovascular disorders in the country are driving factors for Germany market.    

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High adoption of western culture, unhealthy diet and physical inactivity has led to rising incidences 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.

Medical Biomimetics Market will reach over USD 34 billion by 2024; 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.

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 2017 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 has escalated demand for prosthetic limbs. Technological advancements including development of Augment Bone Graft should positively impact segmental growth.

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 6.1% 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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Saudi Arabia medical biomimetics market will witness 6.0% 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 incidences 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., start-up company focusing on development of biologically engineered tissue offering regenerative capacity for therapeutic and medical applications.

Table of content:

Chapter 1.  Methodology

Chapter 2.  Executive Summary

Chapter 3.  Medical Biomimetics Industry Insights

Chapter 4.  Medical Biomimetics Market, By Product

Chapter 5.  Medical Biomimetics Market, By Application

Chapter 6.  Medical Biomimetics Market, By Region

Chapter 7.  Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/medical-biomimetics-market            

Related Report:

Global Medical Biomimetics Market Size, Status and Forecast 2025

This report studies the global Medical Biomimetics market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Medical Biomimetics market by companies, region, type and end-use industry.

https://www.marketstudyreport.com/reports/global-medical-biomimetics-market-size-status-and-forecast-2025  

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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