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2021
Medical Biomimetics Market

Medical Biomimetics Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A10865
Pages: NA
Dec 2021 | 311 Views
   
Author(s) : Onkar Sumant
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Medical Biomimetics Market Statistics - 2027

Biomimetics is the study of nature and natural phenomena to understand the principles of underlying mechanisms, to obtain ideas from nature, and to apply concepts that may benefit science, engineering, and medicine. Examples of biomimetic studies include fluid-drag reduction swimsuits inspired by the structure of shark’s skin, Velcro fasteners modelled on burrs, shape of airplanes developed from the look of birds, and stable building structures copied from the backbone of turban shells. Biomimetics is an interdisciplinary field that comprises principles from chemistry, engineering, and biology. The principles are applied to the synthesis of materials, machines, or synthetic systems that consist of functions or operations that mimic biological processes. Synthetic or natural materials that show interaction with any part of a biological system are known as biomaterials. Biomimetic designs are used in tissue engineering, regenerative medicine, and drug delivery.

Market scope and structural analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, Region

  Geographies covered

•North America (U.S., Canada, Mexico)

•Europe (France, Germany, UK, Italy, Spain, Rest of Europe)

•Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)

•LAMEA (Brazil, South Arabia, South Africa, Rest of LAMEA)

  Companies covered

  • Avinent
  • Hstar Technologies Corporation
  • Applied Biomimetic A/S
  • Veryan Medical
  • BioHorizons IPH
  • Biomimetics Technologies
  • BioTomo
  • SynTouch LLC
  • Forschungszentrum Jülich GmbH
  • Küstenforschung GmbH
  • Abbot
  • BioHorizon

 

Covid-19 Scenario analysis:

The coronavirus pandemic is boosting demand for medical services, resulting in upward revisions to healthcare expenditure forecasts. Every country is reacting differently to the outbreak due to variations in healthcare systems, government alertness and cultural norms, such as propensity to self-isolate. The COVID-19 pandemic has been posing a measurable impact on the global economy and, in turn, on the biomimetic Prosthetics market slowdown. Despite high levels of investment, a vaccine that protects against the coronavirus is unlikely to be made available in 2020. Restrictions on manufacturing of active pharmaceutical ingredients and medical biomimetic product protectionism could negatively affect the downstream provision of healthcare services and medical device manufacturing sector.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Increased medical innovation:

Rising number of health problems around the globe is the major concerning factor that is leading to an increase in medical innovations, driving many key players to invest highly in healthcare sector. Additionally, rising technological advancements in the healthcare industry is estimated to create numerous opportunities in the Global Medical Biomimetics Market. Favourable funding scenario for research and development of biomimetic will boost medical biomimetics industry growth. Several universities in Europe are receiving funding for conducting research on biomimetics. Additionally, numerous organizations and institutes are undertaking collaborative approach for advancements in biomimetics that should highly impact the market growth over the foreseeable future. Growing advancements in nanotechnology will assist global medical biomimetics market growth in the forthcoming years. Nanotechnology possesses potential to illustrate single molecules/cells at very high output and shows dynamic biomimetic behaviour. Such advancements can yield development of personalized medicine. Nanoparticles can exhibit progressive functions including response to stimuli, targeting cell/organ, imaging as well as drug delivery. Such beneficial capabilities along with continuous advancements will positively impact biomimetic market growth in coming years.

Increase in geriatric population:

Expanding geriatric population base will positively influence medical biomimetics business growth. Elderly population is highly susceptible to suffer from cardiovascular diseases, orthopaedic diseases as well as neurological disorders. The growing prevalence of chronic diseases and other medical conditions is driving demand for efficient products. Therefore in order to cope up with the ever increasing demand for efficient localization products, manufacturers are focused on strengthening their market position by opening new offices in different locations. For instance, in February 2018, Applied Biomimetic, a leader in the convergence of polymer and protein membrane technologies, announced the opening of its new research facilities in Gaithersburg, Maryland., U.S.

Restrains:

Presence of restrictive regulatory scenario may hamper medical biomimetics industry growth in forthcoming years.

Limitations of this integration depend on the structural and mechanical differences of the two technologies and on the process by which each technology arises. The diversity of organisms that arose through evolutionary descent does not necessarily provide all possible solutions of optimal functions. However, in instances where organisms exhibit superior performance to engineered systems, features of the organism can be targeted for technology transfer. In this regard, cooperation between biologists and engineers is paramount.

Regional analysis:

Medical biomimetics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the medical biomimetics market, due to factors such as rise in the adoption rate of novel technology, increase in the geriatric population, rise in research and development activities associated with medical biomimetics, and prominent presence of key players. The market in Asia Pacific is anticipated to expand at a high growth rate during the forecast period due to factors such as increase in initiatives undertaken by the government in the field of health care, increase in the patient population, expansion in the medical tourism industry, and a booming biotechnology industry.

Key segments covered:

Segments

Sub-segments

  Type

  • Cardiovascular
  • Orthopedic (Prostheses, Exoskeleton)
  • Ophthalmology
  • Dental

  Application

  • Wound Healing
  • Tissue Engineering
  • Drug Delivery

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the global medical biomimetic industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical biomimetics market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global medical biomimetics market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global medical biomimetic market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Medical Biomimetic Market research report:

  • What are the leading market players active in the Medical Biomimetic market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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