Medical Biomimetics Market is expected to grow at a 7% CAGR from 2023 to 2033

The Medical Biomimetics Market is predicted to develop at a 7% CAGR between 2023 and 2033, according to Future Market Insights. The global market for medical biomimetics is anticipated to reach US$ 63.15 billion by 2033.

Growing advancements in nanotechnology, rising demand for prostheses and implants, an increase in R&D activities related to medical biomimetics, and strategic activities by key market players are the major factors expected to drive market growth.

Biomimetics is an integrative field in which principles from biology, chemistry, and engineering are used to create materials, machines, or synthetic systems that mimic biological processes. Drug delivery, tissue engineering, and regenerative medicine could all benefit from biomimetics-based designs. The use of biomimetics to illustrate issues in pharmaceutics and medicine is a promising method for treating deadly diseases such as cancer.

Request Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15894

Diseases affecting the cornea are the leading cause of blindness worldwide. Every year, approximately 2 million new cases of corneal blindness are reported to the WHO. More than 30 million people worldwide are blind in one or both eyes due to corneal disease and injury, and many more have poor visual acuity. Numerous attempts to develop reliable, robust, and scalable artificial cornea solutions have failed.

As a result, there is an unmet need, and research and development efforts are underway to find affordable and long-term solutions for pathology, injury, and corneal blindness. For example, in March 2022, researchers from IIT-Centre Hyderabad’s for LV Prasad Eye Institute and Cellular and Molecular Biology developed an exclusive biomimetic corneal hydrogel made from discarded human corneas that can be used to treat corneal scarring, the leading cause of corneal blindness. Furthermore, with the increasing number of accidents, the use of biomimetics in orthopaedics is expected to skyrocket.

According to the Association for Safe International Road Travel, approximately 20 to 50 million people worldwide are injured each year, resulting in permanent disability. As a result, such factors are expected to have a positive impact on the growth of the medical biomimetics market.

Key Takeaways from the Market Study

  • By product, the cardiovascular segment is expected to account for 43% of the medical biomimetics market in 2023.
  • The wound healing application is expected to dominate the medical biomimetics market, accounting for 35% of the market in 2023.
  • In 2023, North America is expected to hold 40% of the medical biomimetics market.
  • In 2023, Asia Pacific is expected to hold 36% of the market for medical biomimetics.

“The increasing prevalence of diseases along with development of technologically advanced equipment is contributing to medical biomimetics market,” comments a Future Market Insights analyst.

Ask an Expert @
https://www.futuremarketinsights.com/ask-question/rep-gb-15894

Competitive Landscape

Some of the key players in the global medical biomimetics market include Otsuka Medical Devices Group, Stryker, Abbott, AVINENT Science and Technology, SynTouch Inc, Osteopore International Pte Ltd, Vandstrom, Inc., Biomimetics Technologies Inc, Swedish Biomimetics 3000 ApS, Keystone Dental Group, LifeMatrix, Curasan, Inc, CorNeat Vision, NanoHive Medical LLC, Zimmer Biomet

Numerous companies in the medical biomimetics market are expanding their products in emerging markets.

  • Osteopore was granted a patent in China for its smart 3D biometric scaffolds in November 2021. The technology was created in collaboration with NTU Singapore scientists and was previously granted a European patent in early 2021. This patent is expected to open up numerous R&D opportunities in the Chinese market, allowing the company to tap into local expertise as part of the product development process.
  • Curasan AG expanded its European distribution network in April 2021, adding Silesia Dental and Implants Diffusion International SARL to its European distribution network.

Key Segments Profiled in the Medical Biomimetics Industry Survey

Type:

  • Cardiovascular
  • Orthopaedic
  • Ophthalmology
  • Dental
  • Others

Visit for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15894

Application:

  • Wound Healing
  • Tissue Engineering
  • Drug Delivery
  • Other Applications

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiriessales@futuremarketinsights.com
Websitehttps://www.futuremarketinsights.com
LinkedInTwitterBlogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these