Biomimetic Technology Market Analysis, Industry Analysis and Forecasts 2028

Posted by Pradip on November 18th, 2021

The global Biomimetic Technology Market is forecasted to be worth USD 17.73 Billion by 2027, according to a current analysis by Emergen Research. The Biomimetic Technology Market is anticipated to expand exponentially owing to the growing tissue engineering market. The Increasing elderly population would have a significant impact on market growth. The aging population is particularly vulnerable to cardiac, neurosurgery, and orthopedic problems. The rising usage of biomimetics in the cardiac sector will also boost the growth of the biomimetics technology market during the forecast timeline. Besides, the increasing organ failure cases among the geriatric population are expected to propel the demand for this technology shortly.

The latest market intelligence study on the Biomimetic Technology market covers the performance of both the key vendors and new entrants for the forecast period, 2020 - 2027. Estimated value, profits, gross margin, spending power and consumption volume form an important part of the study that aims at offering the business owners, stakeholders, and marketing personnel a competitive edge over others. Importantly, the study discusses a lot about, the product application, classification and performance across different regions. The industry assessment report weighs upon the top performers and also the winning strategies that have enabled them to occupy a strong foothold in the Biomimetic Technology market.

Key Highlights From The Report

  • In October 2020, AeroVironment, Inc. and Viasat Inc. announced that they would collaborate on a contract awarded under the Reconfigurable Communications for Small Unmanned Systems initiative of the United States Army. These two companies will improve the connectivity and transmission safety of the AeroVironment optical data link radios presently used by the United States army by transforming these into a video and data transmission type 1 encrypted communication device.
  • Over the forecasted timeline, the Molecular Bionics segment is estimated to hold the largest market wit a CAGR of 10.9% as it is broadly used in tissue regeneration, molecular genetics, and drug delivery.
  • The largest market over the forecast period is accounted for in the drug delivery segment. Market growth is expected to be stimulated by optimized vaccine production and the specific drug delivery of nanocarriers through biomimetic devices.
  • Due to the rising number of prosthetic populations, the Healthcare segment is forecasted to dominate the forecast timeframe.
  • Due to the rising investment from government institutions in different research organizations, the segment of Research Institutes is expected to experience the fastest market growth.
  • Due to the rise in R&D and many government initiatives to introduce advanced solutions, the region of North America is likely to hold the largest market for biomimetic technology.
  • Key participants include Hstar Technologies Corporation, Chas A Blatchford & Sons Ltd., Applied Biomimetic A/S, SynTouch LLC, Veryan Medical Ltd., Wright Medical Group, Inc., AeroVironment, Inc., Biohorizons Implant Systems, Inc, BioMimetic Laboratories, Inc., and Forschungszentrum Jülich GmbH among others.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/biomimetic-technology-market

Emergen Research has segmented the global Biomimetic Technology Market on the basis of type, application, end-use, and region:

  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • Molecular Bionics
    • Information and Control Bionics
    • Mechanical Bionics
    • Energy Bionics
    • Others
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Drug Delivery
    • Wound Healing
    • Prosthetics
    • Tissue Engineering
    • Surveillance
    • Rescue
    • Security and Safety
    • Underwater Research
    • Traffic Monitoring
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Biotechnology
    • Healthcare
    • Defense
    • Research Institutes
    • Others

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Pradip

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Pradip
Joined: December 23rd, 2019
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