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.
- Increasing Demand for Biomimetic Nano Drones
- Growth in Tissue Engineering to Drive Medical Biomimetic Industry
- Privacy Concerns
- Biomimetic is a Complex and Multi-Dimensional Technology with Operational Constraints
- Rapid Growth in the Bio-Inspired Technologies
- Burgeoning Prosthetics and Bionics Industry
Key Topics Covered
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.
- 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