What Has Been the Growth of the Medical Biomimetics Market So Far?
The medical biomimetics market has seen considerable growth due to a variety of factors.
• There has been a robust growth in the medical biomimetics market size over the past few years. The market is anticipated to expand from $36.6 billion in 2024 to $39.56 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.1%.
The significant growth during the historical period can be related to the surge in biomimetic materials, heightened research funding, aging demographic, and an increase in chronic ailments.
What Are the Future Growth Projections for the Medical Biomimetics Market?
The medical biomimetics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of medical biomimetics is projected to experience robust growth. By 2029, it is predicted to expand to $50.68 billion with a compound annual growth rate (CAGR) of 6.4%.
This anticipated growth during the forecast period can be linked to the rising demand for organ transplants, an increased understanding of the applications of biomimetics, a surge in health care spending, growth in the biotechnology sector, and advancements in the field of tissue engineering. Noteworthy trends for the forecast period encompass bio-inspired prosthetics, biomimetic sensors, applications of synthetic biology, intelligent drug delivery systems, biologically inspired robotics, personalized medicine, 3D printing technologies, the usage of artificial intelligence in diagnostics, nanotechnology applications, and regenerative medicine.
What Are The Core Factors Supporting Growth In The Medical Biomimetics Market?
The rise in obesity and heart disease is predicted to push the growth of the medical biomimetics market. Obesity is a health issue characterized by an unhealthy accumulation of excess body fat, while heart disease relates to a spectrum of conditions impacting the heart and blood vessels. Biomimetics plays a role in creating support apparatus like orthotics and prosthetics, beneficial for people with diabetes or obesity. For instance, a report published by the American College of Cardiology, a US-based non-profit medical association, in August 2022, forecasted that all four cardiovascular risk factors will see an increase between 2025 and 2060 in the United States. The report predicted the highest rise in diabetes, with a 39.3% hike to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). The research also pointed to substantial predicted increases in rates of cardiovascular diseases like stroke (33.8% to 15 million) and heart failure (33.4% to 13 million), followed by ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million). Consequently, the escalating rates of obesity and heart disease are fuelling the growth of the medical biomimetics market.
What Are The Major Segments Within The Global Medical Biomimetics Market?
The medical biomimetics market covered in this report is segmented –
1) By Type: Cardiovascular, Orthopedic, Ophthalmology, Dental, Other Types
2) By Application: Wound Healing, Tissue Engineering, Drug Delivery, Other Applications
3) By End User: Hospitals, Specialty Clinics, Other End Users
Subsegments:
1) By Cardiovascular: Vascular Grafts, Stents and Heart Valves, Cardiac Assist Devices
2) By Orthopedic: Bone Grafts, Joint Replacement Implants, Spinal Implants
3) By Ophthalmology: Artificial Corneas, Retinal Implants, Intraocular Lenses
4) By Dental: Dental Implants, Bone Regeneration Products, Biocompatible Materials
5) By Other Types: Wound Healing Products, Tissue Engineering Scaffolds, Neurological Devices
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What Trends Are Reshaping The Future Of The Medical Biomimetics Market?
Companies of repute in the medical biomimetics market are concentrating on the creation of novel products by leveraging cutting-edge technologies like the suture anchor system, aiming to enhance their market profitability. Suture anchor system, a medical device, is majorly utilized in orthopedics and sports medicine to secure soft tissues such as tendons or ligaments, to the bone. The purpose of these systems is to mimic and enhance the natural soft tissue to bone connection, providing a functional and optimized biomechanical solution reflective of the physical tissue connections in the human body. For example, Stryker Corporation, an American multinational in medical technologies, introduced Citrefix, a disposable suture anchor system in December 2022. It incorporates a resorbable biomimetic anchor body manufactured using Citregen, a special elastomeric material created from a citrate polymer, devised to replicate bone chemistry. This unique formation synergizes controlled resorption without leading to chronic inflammation. This specific design of the suture anchor system intends to aid tissue graft healing and healthy bone growth in orthopedic surgeries.
Who Are the Key Players In The Medical Biomimetics Market?
Major companies operating in the medical biomimetics market are:
• BASF SE
• Bayer Aktiengesellschaft
• Abbott Laboratories
• Stryker Corporation
• Zimmer Biomet Holdings Inc.
• Otsuka Medical Device Company Ltd.
• LivaNova PLC
• Össur hf.
• Forschungszentrum Jülich GmbH
• Biohorizons Implant Systems Inc.
• Inventia Plc
• Blatchford Limited
• Keystone Dental Corporation
• Xtant Medical Holdings Inc.
• AVINENT Science and Technology
• SynTouch Inc.
• Curasan Inc.
• CorNeat Vision Inc.
• Hstar Technologies Co. Ltd.
• Veryan Medical Ltd.
• Swedish Biomimetics 3000 ApS
• Osteopore International Pte Ltd.
• KitoTech Medical Ltd.
• Vandstrom Inc.
What Is The Most Dominant Region In The Medical Biomimetics Market?
North America was the largest region in the medical biomimetics market in 2024. The regions covered in the medical biomimetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
