Owing to inspiration from nature, such
inspirations can be replicated into practical systems, which can
act as close substitutes to natural bodies and can be referred to
as medical biomimetics. The technique is used to ensure the smooth
functioning of a human body after being replaced with such an
alternative.
WILMINGTON,
Del., July 9, 2024 /PRNewswire/ -- The
anticipated size of the global medical biomimetic
market is likely to reach USD 19.3 billion by 2034, which
was recorded at USD 9.4
billion in 2023. Owing to various industrial forces, the
development of the ecosystem occurred, which is estimated to
continue the growth. The elevation in the size of the ecosystem is
set to adhere to a moderate CAGR of 6.8% through the
forecast period.
Owing to the growing number of chronic
diseases across the world, the scope of the sector is expected to
increase. Natural therapies for such chronic diseases are gaining
traction in the contemporary world, which drives the demand for
biomimetics.
Replacing human tissues and organs
organically has gained momentum. Various research and development
institutes have been focusing on accelerating natural replacement
therapies and treatments, which can perfectly fit into the
patient's body.
Pertaining to this rising demand for
natural organ transplants and other related medical procedures, the
use of medical biomimetics is expected to gain traction. This
factor, therefore, is a key driver for the ecosystem.
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Medical Biomimetic Market Report
Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2032
|
Base
Year
|
2020–2022
|
Size in
2023
|
US$ 9.4 Bn
|
Forecast (Value) in
2034
|
US$ 19.3 Bn
|
Growth Rate
(CAGR)
|
6.8 %
|
No. of
Pages
|
113
Pages
|
Segments
covered
|
Disease Indication,
Application, End-user
|
With innovations in the medical field,
tissues for replacement can be prepared in laboratories.
Organizations, like Life Matrix, have been successful in achieving
such innovations, which can drive the industry.
Owing to the rising emphasis on medical
research, several medical professionals have been keen on investing
in accelerating research processes. Progress within the field is
driving the augmentation in the field of medical
biomimetics.
Delivery technologies have been evolving.
With the help of technology like solid lipid nanoparticles, Nano
capsules, nanocrystals, and liposomes, new therapeutic compounds
could be designed, evolving the delivery technology, and targeting
chronic diseases.
The development of an inhalable
nano-vaccine approach is set to augment the respiratory disorder
precautions and treatments for the same. The rising investments
from governments to boost research and development activities are
expected to drive the growth of the ecosystem.
Key Findings from the Market
Report
- The competitive landscape of medical biomimetics can be
segmented into different categories, depending on various
parameters. Based on the key disease indication segment, the
cardiovascular category is expected to generate the highest revenue
due to the rising number of such diseases.
- The demand for the scientific technique can increase in
the orthopedic category due to the growing demand for orthopedic
procedures across the world.
- Owing to the growing demand for effective wound
management, the said category of the application segment is likely
to secure the largest share in the industry.
- Based on the end-user segment, hospitals are likely to
hold the highest space in the sector. This is due to the elevated
infrastructure in hospitals.
Regional Profile
- Owing to the growing healthcare infrastructure in
North America, different key
prospects can be generated for leading organizations in the
competitive space. This can augment the size of the industry in the
region.
- With the rising focus on individual well-being in
Europe, the scope of the medical
biomimetic market in the region is likely to increase. This is a
key driver for the sector in the region.
- The healthcare industry in Asia-Pacific is expanding, owing to the
growing efforts of governments in the region. This factor is
expected to create opportunities for new entrants along with key
players in the ecosystem.
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Competitive Landscape
Owing to the technological infrastructure,
key players in the medical biomimetic market innovate, expanding
the competitive space. Mergers, acquisitions, and other key
expansion strategies are used to gain a sustainable competitive
edge.
- Avery Therapeutics Inc. is a key player offering products
like Sildenafil, Ondansetron, and Vitamin D3.
- Otsuka Holdings Co., Ltd. produces products like B240
tablets, Fibe-mini, Amino value, and many more.
- CorNeat Vision offers products like CorNeat KPro, CorNeat
EverPatch, and so on.
Key Players
- LifeMatrix Technologies AG
- Otsuka Holdings Co. Ltd.
- CorNeat Vision
- Alcon Inc.
- vVardis AG
- Mimetis Biomaterials
- Stryker Tech
- Osteopore International
- Avery Therapeutics Inc.
- Prellis Biologics
- Lattice Medical
Key Developments in the
Medical Biomimetic Market
- In February 2024, Avery
Therapeutics Inc. completed the qualification of in-house cGMP,
which can aid the firm in a better competitive
position.
- In June 2024, Otsuka
Holdings Co. Ltd. introduced a new calorie-mate block production
line.
Market Segmentation
Disease Indication
- Cardiovascular
- Orthopedics
- Ocular
- Dental
- Others (Regenerative Medicine, etc.)
Application
- Wound Healing
- Drug Delivery
- Tissue Engineering
End-user
- Hospitals
- Specialty Clinics
- Ambulatory Surgery Clinics
- Others (Academic and Research Institutes,
etc.)
Region
- North
America
- Europe
- Asia Pacific
- Latin
America
- Middle East &
Africa
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