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Medical Biomimetics Market share to exceed $34.4 bn by 2024

Get more details @ http://bit.ly/2laaMUM <br>Global medical biomimetics market share is dynamic due to tremendous advancements in technology over past five years. This has unleashed new opportunities for industry players to offer more innovative and enriched products and improve the overall business scenario. The key industry players include Avinent, BioHorizons, Biomimetics Technologies, Forschungszentrum Jülich, Applied Biomimetic, Hstar Technologies Corporation, etc.

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Medical Biomimetics Market share to exceed $34.4 bn by 2024

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  1. Global Medical Biomimetics Market share to hit $34.4bn by 2024: Fractovia.org Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights of Medical BiomimeticsMarket: • 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 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.

  3. Continued… • 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. • 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-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, ForschungszentrumJülich, 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.

  4. U.S. Medical Biomimetics Market size, by Product, 2012- 2024 (USD Mn)

  5. Browse Full Market Research Report Medical Biomimetics Market @ http://bit.ly/2kZvAhn Request for a Sample of this Research report @ https://www.fractovia.org/request-purchase/212

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