© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Medical Biomimetics Market share to hit $34.4bn by 2024: Fractovia.org

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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 tissue-engineering technologies to support the cancer research.  Furthermore, growing old-age 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 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. Key Insights of Medical Biomimetics Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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  The North America medical biomimetics market share worth USD 10 billion in 2015, is predicted to witness a heavy surge over the period of owing to the fast- 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.  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. Continued…

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Medical Biomimetics Market size, by Product, (USD Mn)

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