Global Biomimetic Technology Market: Focus on Medical & Robotics (End-User and Application) – Analysis and Forecast, 2018-2028

DUBLIN–(BUSINESS WIRE)–The “Global
Biomimetic Technology Market: Focus on Medical Robotics: (End-User and
Application) – Analysis and Forecast, 2018-2028”
report has
been added to ResearchAndMarkets.com’s offering.

The global biomimetic technology market was valued at $6.8 billion in
2017. The market is anticipated to reach $18.51 billion by 2028.

Rising demand for biomimetic nano drones for search and rescue,
surveillance, and biomimetic technologies in medical prosthetics are the
main factors driving the global biomimetic technology market.

Biomimetic drones have gradually gained importance with the rapid
development in a number of airborne technologies. Moreover, biomimetic
drones have huge benefits and can serve the defense, commercial, and
consumer sectors. Biomimetic drones in commercial sector can mainly be
used in inspection and site monitoring.

Search Rescue Prosthetics are the leading market applications in the
global biomimetic technology market.

On the basis of application, the biomimetic technology market is
classified into prosthetics, drug delivery, tissue engineering, wound
healing in medical industry and search rescue, surveillance,
underwater research, security and safety, and traffic monitoring in
robotics.

The prosthetics segment dominated the biomimetic technology market in
the medical sector. The growth in the market is mainly due to the
increasing amputee population based on increasing accidents, diabetes,
and vascular diseases, the dominance of the market is one of the crucial
factors expected to drive the biomimetic prosthetic market.

The robotics biomimetic technology market is expected to grow at the
highest CAGR of 18.66% during the forecast period from 2018 to 2028. The
penetration of biomimetic technology for nano drones in military/law
enforcement has emerged with the development of latest innovations in
nano technology.

Market Dynamics

Drivers

  • Increasing Demand for Biomimetic Nano Drones
  • Growth in Tissue Engineering to Drive Medical Biomimetic Industry

Challenges

  • Privacy Concerns
  • Biomimetic is a Complex and Multi-Dimensional Technology with
    Operational Constraints

Opportunities

  • Rapid Growth in the Bio-Inspired Technologies
  • Burgeoning Prosthetics and Bionics Industry

Key Topics Covered

Executive Summary

1 Market Dynamics

2 Competitive Insights

3 Industry Analysis

4 Global Biomimetic Technology Market, 2017-2028

5 Global Biomimetic Technology Market (by Application)

6 Global Biomimetic Technology Market (by End-User)

7 Global Biomimetic Technology Market (by Region)

8 Company Profiles

  • AeroVironment Inc.
  • Avinent
  • Biomimetics Technology Inc.
  • Chas. A. Blatchford Sons Ltd.
  • Hstar Technologies
  • Syntouch LLC
  • Veryan Medical
  • Wright Medical Group Inc.

For more information about this report visit https://www.researchandmarkets.com/research/7fjwcz/global_biomimetic?w=4

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