Pune, India, May 05, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global biomimetic materials market size is slated to expand at a notable CAGR of 5.4% and reach a valuation of USD 32,466 million by the year 2028.
It provides an in-depth assessment of the sub-segments of the industry by stating the growth rate projections and revenue share retained by each vertical during the assessment timeframe. The regional terrain is particularly analyzed to gauge the profit-generating scope in the business environment and enhance the revenue flow.
The details about prominent companies are furnished in the document, along with the recent strategies undertaken by them in the form of geographic expansion, new product innovation, and mergers & acquisitions.
The expansion of the industry is accredited to key variables like surging demand from multiple sectors like robotics, information technology, automotive, medical, etc., and surging utilization in organ industry & bionics.
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For those unaware, biomimetic materials are man-made synthetic materials that imitate natural biological items in everyday life. The efficiency of these materials is relatively higher than other products like polymer, ceramic, or plastic which prompts its preferability.
In addition to this, its ability to perform basic functions in dynamic weather conditions, temperature, and pressure is further escalating the product uptake.
Despite the positive outlook, the huge costs of the materials and relatively low volume of sales are likely to hinder the progress of global biomimetic materials business sphere in the forthcoming years.
Segmental Overview:
Based on application spectrum, the industry is categorized into automotive, aerospace & defense, textile, electrical & electronics, medical, and others. The medical segment is slated to generate significant demand in the coming years, owing to preference for non-invasive procedures, and product usage for development of artificial organs. These materials possess Gecko effects which is boosting their incorporation in neurosurgeries, adding to segmental share.
In terms of material type, the market is classified into biomimetic metals & alloys, biomimetic polymers, biomimetic inorganic materials, and others.
Regional Analysis:
Seasoned analysts cite that Europe market is anticipated to growth substantially over 2022-2028, on account of cognizance about the properties of the material like vibration control and environment control, which encourages the usage of biomimetic materials in an array of verticals.
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Competitive Dashboard:
The key players amplifying the competitive scope of global biomimetic materials industry include Zimmer Biomet Holdings Inc., B. Braun Melsungen AG, CoorsTek Inc., Terumo Corporation, Baxter International Inc., Kyocera Corporation, and CeramTec GmbH among others.
Inferences from Porter's Five Forces analysis helps to examine the implications of competitors, new entrants, suppliers, substitutes, and buyers, and give crucial insights based on available information for market expansion as well as help the companies in staying ahead.
Global Biomimetic Materials Market, By Material (Revenue, USD Million, 2018-2028)
- Biomimetic Metals & Alloys
- Biomimetic Polymers
- Biomimetic Inorganic Materials
- Others
Global Biomimetic Materials Market, By Application (Revenue, USD Million, 2018-2028)
- Automotive
- Aerospace & Defense
- Textile
- Electrical & Electronics
- Medical
- Others
Global Biomimetic Materials Market, Regional Analysis (Revenue, USD Million, 2018-2028)
- Asia Pacific
- North America
- Europe
- Rest of the World (RoW)
Global Biomimetic Materials Market, Competitive Dashboard (Revenue, USD Million, 2018-2028)
- Zimmer Biomet Holdings Inc.
- B. Braun Melsungen AG
- Coorstek Inc.
- Terumo Corporation
- Baxter International Inc.
- Kyocera Corporation
- CeramTec GmbH
Table of Content:
Part 1. Introduction
1.1 Market definition
1.2 Key benefits
1.3 Market segment
Part 2. Methodology
2.1 Primary
2.2 Secondary
Part 3. Executive summary
Part 4. Market overview
4.1 Introduction
4.2 Market dynamics
4.2.1 Drivers
4.2.2 Restraints
Part 5. Global market by material
5.1 Biomimetic polymers
5.1.1 Market size and forecast
5.2 Biomimetic inorganic materials
5.2.1 Market size and forecast
5.3 Biomimetic metals & alloys
5.3.1 Market size and forecast
5.4 Others
5.4.1 Market size and forecast
Part 6. Global market by application
6.1 Electrical & electronics
6.1.1 Market size and forecast
6.2 Automotive
6.2.1 Market size and forecast
6.3 Aerospace & defense
6.3.1 Market size and forecast
6.4 Medical
6.4.1 Market size and forecast
6.5 Textile
6.5.1 Market size and forecast
6.6 Others
6.6.1 Market size and forecast
Part 7. Global market by region
7.1 Asia Pacific
7.1.1 Market size and forecast
7.2 Europe
7.2.1 Market size and forecast
7.3 North America
7.3.1 Market size and forecast
7.4 Rest of the World (RoW)
7.4.1 Market size and forecast
Part 8. Key competitor profiles
Related Report:
Medical Biomimetics Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021- 2027
The medical biomimetics market is anticipated to grow substantially by 2027 owing to intensive R&D in the field of nanotechnology supported by favorable funding mechanisms around the world. Moreover, the expanding geriatric population is expected to propel market penetration across the field of cardiovascular, neurological, and other chronic diseases. From the regional point of view, the Europe medical biomimetics market is estimated to showcase a sharp growth trajectory over the analysis period. Rapid adoption of modern technologies and prominent research and development efforts across Europe are foreseen to stimulate regional market growth through the study timeframe. Recently, there has been an upsurge in the adoption of medical biomimetics in healthcare, especially in the cardiovascular field, which has augmented market growth significantly.
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