Medical Biomimetics Market Size & Share 2021 to 2027

Market Size by Product (Cardiovascular, Orthopedic {Prostheses, Exoskeleton}, Ophthalmology, Dental), by Application (Plastic Surgery, Wound Healing, Tissue Engineering, Drug Delivery) & Forecast.
Report ID: GMI767
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Published Date: August 2021
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Report Format: PDF

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Medical Biomimetics Market Size

Medical Biomimetics Market size was valued at over USD 32 billion in 2020 and is expected to witness more than 6.5% CAGR from 2021 to 2027. Advancements in biomimetics development technologies have improved its potential in basic research and clinical applications. Innovations and adoption of nanotechnology and medical engineering in healthcare leads to access numerous applications such as tissue engineering, plastic surgery, organ regeneration, implants, and drug delivery among others. With growing effectiveness in treatment and recovery using biomimetic products, the industry will observe lucrative growth during the forecast timeframe.
 

Medical Biomimetics Market Overview

Rising prevalence rate of chronic disease will augment the market demand in the coming years. Geriatric population is highly susceptible to several diseases such as neurological diseases, cardiovascular diseases, orthopedic diseases among several others. As per the National Kidney Foundation, one in five men and one in four women aged 65 to 74 years having chronic kidney disease in the world. Hence, increasing application of biomimetics to treat patients and use of nanotechnological platforms for better therapeutic outcomes will enhance the industry outlook during the forecast period.
 

 

Medical Biomimetics Market Analysis

The key players are highly invested in research and development activities for advanced and novel medical biomimetics will offer lucrative growth opportunities in the market. Several companies and organizations are providing funds to research institutes and universities to conduct research on biomimetics and its applications. Furthermore, numerous companies are undergoing collaborations and partnerships with research institutes and organizations for advancement in biomimetics.
 

Medical biomimetics market was affected by COVID-19 pandemic owing to restrictions on manufacturing units, disruption of supply chain and ban on import-export. Restrictions on travelling and limitations of healthcare infrastructure hampered the development and sales of the products as well as collaborations and partnership opportunities. However, use of biomimetics conjoining pathways in drug discovery, medical devices and nano molecules for COVID-19 treatment will positively impact on the industry progression.
 

Medical Biomimetics Market Share

 

The cardiovascular segment captured 40% of the medical biomimetics market share in 2020 led by the high prevalence of cardiovascular disorders. In addition, increasing usage of sedentary lifestyle and unhealthy diet among population leads to high risk of cardiac diseases. Advanced technological applications in biomimetics and tissue regeneration have enabled innovations in treatment of cardiovascular diseases and to improve heart function. The involvement of R&D activities to develop advanced biomimetics for heart health will propel the segment growth.
 

Drug delivery segment in the medical biomimetics market exceeded USD 6.5 billion in 2020. Growing adoption of three dimensional biomimetics models in controlled drug delivery in major economies has increased the industry demand. Advanced biomimetics technology-enabled devices assist in treatment of several conditions. Firms are involved in developmental activities to build strong product pipeline for drug delivery systems. The use of advanced medical engineering technologies and nanotechnology-enabled delivery of vaccines for better outcome will fuel the market revenue. Also, the use of biomimetics-based devices for drug delivery of nanocarriers is growing.
 

North America medical biomimetics market accounted for 45% of revenue share in 2020 due to the presence of leading companies with strong product demand in the industry. Surge in incidence of chronic diseases such as organ failure in region is driving the industry value. These biomimetics-based devices offer better and biocompatible solutions for organ transplantation.
 

According to Centers for Disease Control and Prevention (CDC), in 2018, 51.8% of US adults suffering from at least 1 chronic condition, and 27.2% suffering from multiple chronic conditions. Expansion of manufacturing capacities will further boost product availability and sales. Moreover, increasing number of products in portfolio will influence the regional growth in the coming years.
 

Medical Biomimetics Market Share

Major players operating in the medical biomimetics market are :

  • Abbott
  • Avinent Implant System
  • BioHorizons
  • Biomimetics Laboratories Inc.
  • BioTomo Pty. Ltd.
  • Hstar Technologies corporation
  • Veryan medical

These competitors are adopting numerous business strategies such as collaborations & partnerships and acquisitions strategy to enhance their market share.
 

Some of the recent industry developments:

  • In September 2020, Veryan Medical launched novel BioMimics 3D vascular stent system in the U.S. BioMimics is a system used for excellent outcomes in clinical trials. This has strengthened product portfolio and development capabilities of the company.
     
  • In July 2019, Gelesis, Inc. and Capstar Special Purpose Acquisition Corp. entered into a business agreement. The former company is involved in development of biomimetic hydrogels for treating metabolic and weight disorders. The agreement benefitted the companies to expand their business portfolio.
     

The medical biomimetics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Product

  • Cardiovascular
  • Orthopedic
    • Prostheses
    • Exoskeleton
  • Ophthalmology
  • Dental
  • Others 

Market, By Application

  • Plastic surgery
  • Wound healing
  • Tissue engineering
  • Drug delivery
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
       
Authors: Mariam Faizullabhoy, Gauri Wani
Medical Biomimetics Market Scope
  • Medical Biomimetics Market Size
  • Medical Biomimetics Market Trends
  • Medical Biomimetics Market Analysis
  • Medical Biomimetics Market Share

Report Content

Chapter 1   Methodology

1.1    Market definitions

1.2    Base estimates and working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific

1.2.4    Latin America

1.2.5    Middle East & Africa

1.3    Forecast parameters

1.4    Data validation

1.5    Data sources

1.5.1    Secondary

1.5.1.1    Paid sources

1.5.1.2    Unpaid sources

1.5.2    Primary

Chapter 2   Executive Summary

2.1    Medical biomimetics industry 3600 synopsis

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    Regional trends

Chapter 3   Medical Biomimetics Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2027 (USD Million)

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Advancements in nanotechnology

3.3.1.2    Growing elderly population and increasing rate of organ failure

3.3.1.3    Growing tissue engineering market

3.3.1.4    Favorable funding scenario

3.3.2    Industry pitfalls & challenges

3.3.2.1    Stringent clinical and regulatory requirements

3.4    Growth potential analysis

3.4.1    By product

3.4.2    By application

3.5    Porter’s analysis

3.6    Competitive landscape, 2020

3.7    PESTEL analysis

Chapter 4   Medical Biomimetics Market, By Product

4.1    Key segment trends

4.2    Cardiovascular

4.2.1    Market size by region, 2016 – 2027 (USD Million)

4.3    Orthopedic

4.3.1    Market size by region, 2016 – 2027 (USD Million)

4.3.2    Prostheses

4.3.2.1    Market size by region, 2016 – 2027 (USD Million)

4.3.3    Exoskeleton

4.3.3.1    Market size by region, 2016 – 2027 (USD Million)

4.4    Ophthalmology

4.4.1    Market size by region, 2016 – 2027 (USD Million)

4.5    Dental

4.5.1    Market size by region, 2016 – 2027 (USD Million)

4.6    Others

4.6.1    Market size by region, 2016 – 2027 (USD Million)

Chapter 5   Medical Biomimetics Market, By Application

5.1    Key segment trends

5.2    Plastic surgery

5.2.1    Market size by region, 2016 – 2027 (USD Million)

5.3    Wound Healing

5.3.1    Market size by region, 2016 – 2027 (USD Million)

5.4    Tissue engineering

5.4.1    Market size by region, 2016 – 2027 (USD Million)

5.5    Drug delivery

5.5.1    Market size by region, 2016 – 2027 (USD Million)

5.6    Others

5.6.1    Market size by region, 2016 – 2027 (USD Million)

Chapter 6   Medical Biomimetics Market, By Region

6.1    Key regional trends

6.2    North America

6.2.1    Market size by country, 2016 – 2027 (USD Million)

6.2.2    Market size by product, 2016 – 2027 (USD Million)

6.2.2.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.2.3    Market size by application, 2016 – 2027 (USD Million)

6.2.4    U.S.

6.2.4.1    Market size by product, 2016 – 2027 (USD Million)

6.2.4.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.2.4.2    Market size by application, 2016 – 2027 (USD Million)

6.2.5    Canada

6.2.5.1    Market size by product, 2016 – 2027 (USD Million)

6.2.5.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.2.5.2    Market size by application, 2016 – 2027 (USD Million)

6.3    Europe

6.3.1    Market size by country, 2016 – 2027 (USD Million)

6.3.2    Market size by product, 2016 – 2027 (USD Million)

6.3.2.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.3    Market size by application, 2016 – 2027 (USD Million)

6.3.4    Germany

6.3.4.1    Market size by product, 2016 – 2027 (USD Million)

6.3.4.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.4.2    Market size by application, 2016 – 2027 (USD Million)

6.3.5    UK

6.3.5.1    Market size by product, 2016 – 2027 (USD Million)

6.3.5.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.5.2    Market size by application, 2016 – 2027 (USD Million)

6.3.6    France

6.3.6.1    Market size by product, 2016 – 2027 (USD Million)

6.3.6.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.6.2    Market size by application, 2016 – 2027 (USD Million)

6.3.7    Spain

6.3.7.1    Market size by product, 2016 – 2027 (USD Million)

6.3.7.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.7.2    Market size by application, 2016 – 2027 (USD Million)

6.3.8    Italy

6.3.8.1    Market size by product, 2016 – 2027 (USD Million)

6.3.8.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.8.2    Market size by application, 2016 – 2027 (USD Million)

6.3.9    Russia

6.3.9.1    Market size by product, 2016 – 2027 (USD Million)

6.3.9.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.9.2    Market size by application, 2016 – 2027 (USD Million)

6.3.10    Poland

6.3.10.1    Market size by product, 2016 – 2027 (USD Million)

6.3.10.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.3.10.2    Market size by application, 2016 – 2027 (USD Million)

6.4    Asia Pacific

6.4.1    Market size by country, 2016 – 2027 (USD Million)

6.4.2    Market size by product, 2016 – 2027 (USD Million)

6.4.2.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.4.3    Market size by application, 2016 – 2027 (USD Million)

6.4.4    China

6.4.4.1    Market size by product, 2016 – 2027 (USD Million)

6.4.4.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.4.4.2    Market size by application, 2016 – 2027 (USD Million)

6.4.5    India

6.4.5.1    Market size by product, 2016 – 2027 (USD Million)

6.4.5.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.4.5.2    Market size by application, 2016 – 2027 (USD Million)

6.4.6    Japan

6.4.6.1    Market size by product, 2016 – 2027 (USD Million)

6.4.6.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.4.6.2    Market size by application, 2016 – 2027 (USD Million)

6.4.7    Australia

6.4.7.1    Market size by product, 2016 – 2027 (USD Million)

6.4.7.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.4.7.2    Market size by application, 2016 – 2027 (USD Million)

6.4.8    Thailand

6.4.8.1    Market size by product, 2016 – 2027 (USD Million)

6.4.8.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.4.8.2    Market size by application, 2016 – 2027 (USD Million)

6.5    Latin America

6.5.1    Market size by country, 2016 – 2027 (USD Million)

6.5.2    Market size by product, 2016 – 2027 (USD Million)

6.5.3    Market size by application, 2016 – 2027 (USD Million)

6.5.4    Market size by end-use, 2016 – 2027 (USD Million)

6.5.5    Brazil

6.5.5.1    Market size by product, 2016 – 2027 (USD Million)

6.5.5.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.5.5.2    Market size by application, 2016 – 2027 (USD Million)

6.5.6    Mexico

6.5.6.1    Market size by product, 2016 – 2027 (USD Million)

6.5.6.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.5.6.2    Market size by application, 2016 – 2027 (USD Million)

6.5.7    Argentina

6.5.7.1    Market size by product, 2016 – 2027 (USD Million)

6.5.7.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.5.7.2    Market size by application, 2016 – 2027 (USD Million)

6.6    Middle East & Africa

6.6.1    Market size by country, 2016 – 2027 (USD Million)

6.6.2    Market size by product, 2016 – 2027 (USD Million)

6.6.2.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.6.3    Market size by application, 2016 – 2027 (USD Million)

6.6.4    South Africa

6.6.4.1    Market size by product, 2016 – 2027 (USD Million)

6.6.4.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.6.4.2    Market size by application, 2016 – 2027 (USD Million)

6.6.5    Saudi Arabia

6.6.5.1    Market size by product, 2016 – 2027 (USD Million)

6.6.5.1.1    Market size, by orthopedic biomimetics, 2016 – 2027 (USD Mn)

6.6.5.2    Market size by application, 2016 – 2027 (USD Million)

Chapter 7   Company Profiles

7.1    Abbott

7.1.1    Business overview

7.1.2    Financial data

7.1.3    Product landscape

7.1.4    Strategic outlook

7.1.5    SWOT analysis

7.2    Avinent Implant System

7.2.1    Business overview

7.2.2    Financial data

7.2.3    Product landscape

7.2.4    Strategic outlook

7.2.5    SWOT analysis

7.3    Applied Biomimetics

7.3.1    Business overview

7.3.2    Financial data

7.3.3    Product landscape

7.3.4    Strategic outlook

7.3.5    SWOT analysis

7.4    Henry Schein

7.4.1    Business overview

7.4.2    Financial data

7.4.3    Product landscape

7.4.4    Strategic outlook

7.4.5    SWOT analysis

7.5    BioMimetic Laboratories, Inc

7.5.1    Business overview

7.5.2    Financial data

7.5.3    Product landscape

7.5.4    Strategic outlook

7.5.5    SWOT analysis

7.6    Chas A Blatchford & Sons Ltd (Endolite)

7.6.1    Business overview

7.6.2    Financial data

7.6.3    Product landscape

7.6.4    Strategic outlook

7.6.5    SWOT analysis

7.7    Swedish Biomimetics 3000

7.7.1    Business overview

7.7.2    Financial data

7.7.3    Product landscape

7.7.4    Strategic outlook

7.7.5    SWOT analysis

7.8    SynTouch LLC

7.8.1    Business overview

7.8.2    Financial data

7.8.3    Product landscape

7.8.4    Strategic outlook

7.8.5    SWOT analysis

7.9    Otsuka Holdings Co , Ltd (Veryan Medical)

7.9.1    Business overview

7.9.2    Financial data

7.9.3    Product landscape

7.9.4    Strategic outlook

7.9.5    SWOT analysis

7.10    Wright Medical Group N.V.

7.10.1    Business overview

7.10.2    Financial data

7.10.3    Product landscape

7.10.4    Strategic outlook

7.10.5    SWOT analysis

Authors: Mariam Faizullabhoy, Gauri Wani

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Premium Report Details

Base Year: 2020

Companies covered: 9

Tables & Figures: 198

Countries covered: 19

Pages: 130

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