Biomimetic Materials Market: Medical Segment to Witness Significant Growth
Biomimetic Materials: Introduction
- Biomimetic materials are synthetic materials that mimic natural materials or that follow a design motif derived from nature. Biomimetic materials have the capability to change as per external environment conditions. The chemical composition of these materials is responsible for these adaptive changes.
- Biomimetic material is mostly used for research in nanotechnology, robotics, the medical industry, artificial intelligence (AI), and the military. Biomimetic also known as biognosis, bionics, bio-inspiration, and biomimicry.
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Key Drivers of Global Biomimetic Materials Market
- Increasing demand for biomimetic materials in the medial industry, information technology, robotics, telecommunication, and the automotive industry is anticipated to drive the market. Furthermore, increase in use of these materials in the organ industry and bionics is projected to drive the biomimetic materials market during the forecast period.
- Biomimetic materials are more efficient than conventional products such as plastic, polymer, and ceramic. Biomimetic materials are capable to performing basic functions in varying temperature and pressure. Such factors are estimated to further propel the market during the forecast period.
- High cost of materials and low volume sale are likely to restrain the biomimetic materials market
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Medical Segment to Witness Significant Growth
- In terms of application, the global biomimetic materials market can be segregated into medical, information technology, robotics, defense, telecommunication, and automotive
- The medical segment accounted for a significant share of the global biomimetic materials market in 2019. Increase in preference for non-invasive procedures such as CT scan, ECG, and ultrasound in the healthcare industry is a major factor that is likely to boost the medical segment during the forecast period.
- Additionally, increase in use of biomimetic materials in the development of artificial organs and electronics components used as replacements of failed natural organs is anticipated to propel the segment. Biomimetic materials possess properties such as the Gecko effect, which has diverse applications in computer architecture and the medical field. Biomimetic materials are used in nanosurgeries, as these materials possess the Gecko effect.
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North America to Dominate Global Biomimetic Materials Market
- In terms of region, the global biomimetic materials market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominated the global biomimetic materials market in 2019. The trend is anticipated to continue during the forecast period. The region’s dominance can be attributed to an increase in use of biomimetic materials in the fields of healthcare, construction, electronic, electrical, and information technology.
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- Europe accounted for the second-largest share of the global biomimetic materials market in 2019. The market in the region is projected to expand at a steady pace during the forecast period. The environmental control and vibration control properties of biomimetic materials are major drivers of the market in the region.
- The biomimetic materials market in Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to an increase in adoption of new products and incremental expansion of the infrastructure and production industry
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Key Players Operating in Global Biomimetic Materials Market
The global biomimetic materials market was highly fragmented in 2019.
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