U.S. Medical Biomimetics Market revenue to exceed USD 34.4 billion by 2024

Medical Biomimetics Industry Overview, Company Statistics,
Research Report, 2024: Fractovia.org
Medical Biomimetics Market is gaining high popularity as a future technology owing to
enhanced support in the form of government funding for conducting advanced
research pertaining to this this technology. For instance, the national cancer institute
(NCI) and national institutes of health (NIH) are investing heavily in biomimetic tissueengineering
technologies to support the cancer research. Furthermore, growing oldage
population, an increase in the rate of organ failure, and breakthroughs in
nanotechnology are predicted to fuel the medical biomimetics market growth over the
coming years.
As per the UN, the global aging population which was nearly 809 million in 2012, is
expected to reach approximately 2 billion by 2050. The UNOS (United Network for
organ sharing) data figures display that there was a fifteen-fold rise in the number of
patients requiring liver transplantation in the past 10 years and it is predicted to grow
further in future with the rise in geriatric population as the rate of organ failure in elderly
people is higher. This is expected to boost the application of medical biomimetics
technologies for organ regeneration. According to Global Market Insights Inc. reports,
“The medical biomimetics market worth USD 21.4 billion in 2015, is forecast to
reach USD 34.4 billion by 2024, growing at a CAGR of 5.5% over the period of
2016-2024.”
Medical Biomemetics technology finds applications in plastic surgery, drug delivery,
wound healing, and tissue engineering. It finds large applications in tissue engineering
sector due to the recent technological breakthroughs in tissue & organ regeneration
coupled with a rise in chronic ailments.
Amongst the various kinds of medical biomimetics such as cardiovascular, dental,
orthopedic, and ophthalmology, the cardiovascular medical biomimetics market
dominated the global industry share by accounting for 36% of the overall share in
2015. It is expected to grow at a CAGR of 5.6% over the period of 2016-2024 owing
to the growing occurrence of cardiovascular disorders in the rapidly increasing geriatric
population. Furthermore, inactive lifestyle, growing obesity, and enhanced
government support in the U.S. and Europe, is predicted to stimulate the
cardiovascular medical biomimetics demand.
The North America medical biomimetics market share worth USD 10 billion in 2015, is
predicted to witness a heavy surge over the period of 2016-2024 owing to the fast-
1 | P a g e

technological changes, high level of patient awareness, increase in R & D activities,
and a large presence of aging population with high ability to spend on healthcare
services. The U.S. market is predicted to contribute significantly towards the regional
growth over the coming timeframe.
U.S. Medical Biomimetics Market size, by Product, 2012- 2024 (USD
Mn)
Browse key industry insights spread across 110 pages with 295 market data tables &
7 figures & charts from the report, “Medical Biomimetics Market Size By Product
[Cardiovascular, Orthopedic (Prostheses, Exoskeleton), Ophthalmology,
Dental), By Application (Plastic Surgery, Wound Healing, Tissue Engineering,
Drug Delivery) Industry Analysis Report, Regional Outlook (U.S., Canada, UK,
Germany, France, Spain, Italy, Russia, Poland, China, India, Japan, Malaysia,
Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Application
Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in
detail along with the table of contents:
https://www.fractovia.org/news/industry-research-report/medical-biomimetics-market
The Asia Pacific medical biomimetics market is anticipated to record a CAGR of 7.7%
over the period of 2016-2024 owing to the growth of medical tourism, a rise in aging
base, and growing number of events like seminars, conferences, discussions, and
forums on biomimetics held in Thailand, Malaysia, and Japan. Countries like China,
India, and Japan are predicted to be major revenue pockets of the region.
The Latin America market is projected to witness a significant surge over the period of
2016-2024. Mexico and Brazil are expected to make substantial contributions towards
the revenue growth of the region. The Europe medical biomimetics market is forecast
2 | P a g e

to witness a high growth over the period of 2016-2024. UK and Germany are expected
to boost the regional growth.
Key industry participants include Applied Biomimetics, Avinent, Biomimetics
Technologies, BioHorizons, Forschungszentrum Jülich, and Hstar Technologies
Corporation. The market players will invest in R&D activities and partner with research
firms to create new products, as part of their growth strategies.
Segmentation of Medical Biomimetics Market:
Global Market Insights has segmented the medical biomimetics market on the basis
of product, application and region:
o
o
o
o
o
o
o
o
o
o
Global Medical Biomimetics Market Product Analysis (Revenue, USD
Million; 2012 - 2024)
Cardiovascular
Orthopedic
o Prostheses
o Exoskeleton
Ophthalmology
Dental
Others
Global Medical Biomimetics Market Application Analysis (Revenue, USD
Million; 2012 - 2024)
Plastic Surgery
Wound Healing
Tissue Engineering
Drug Delivery
Others
Medical Biomimetics Market Regional Analysis (Revenue, USD Million;
2012 - 2024)
North America
o U.S.
o Canada
Europe
o Germany
o UK
o France
3 | P a g e

o Italy
o Spain
o Russia
o Poland
Asia Pacific
o Japan
o China
o India
o Malaysia
o Thailand
Latin America
o Brazil
o Mexico
o Argentina
MEA
o
o
South Africa
Saudi Arabia
About Fractovia.org
Fractovia.org is one of India's leading in-house and free news portal. It is fully
automated, and operates on a constant premise, interfacing with news sites and
offering redesigned breaking features to readers across the globe. Our mission is to
offer individuals opportunities for connections with news writers and distributors which
they can pursue. We operate by mapping articles pertaining to breaking news,
constantly and progressively, against a pre-determined word-based theme, offering
important connections to readers and clients, as well as distributers.
Contact Us:
Fractovia
29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
Website: https://www.fractovia.org
4 | P a g e