According to a new market report published by Lucintel, the future of the medical biomimetic market looks promising with opportunities in plastic surgery, wound healing, tissue engineering, and drug delivery applications. The global medical biomimetic market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are increasing research and development activities related to medical biomimetics, rising geriatric population, and the growing tissue engineering market.
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Medical biomimetics is a technology which uses or substantially mimics nature in a bid to improve the human lives. In this market, cardiovascular, orthopedic, ophthalmology, and dental are the major products. Lucintel forecasts that cardiovascular will remain the largest product segment over the forecast period due to rising mortality rate due to cardiac disorders and new product development to cure cardiac disorder.
Within this market, drug delivery will remain the largest application segment over the forecast period due to advancements in nanotechnology and rising performance of vaccines as well as accurate drug delivery of nanocarriers through biomimetic devices.
North America will remain the largest region over the forecast period due to rising geriatric population, increasing prevalence of chronic diseases, growing adoption of novel technology, and surge in research and development activities related to medical biomimetics in the region.
Abbott, Avinent Implant System, BioHorizons Implant Systems, BioTomo, Skyler Brand Ventures, Hstar Technologies, Blatchford, SynTouch, Veryan Medical, and Applied Biomimetic are among the major suppliers in the global medical biomimetic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global medical biomimetic market by product, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Medical Biomimetic Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global medical biomimetic market by product, application, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Cardiovascular
Orthopedics
Ophthalmology
Dental
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Plastic Surgery
Wound Healing
Tissue Engineering
Drug Delivery
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.