Global Biomimetic Technology Market Outlook to 2028: Search & Rescue & Prosthetics are the Leading Market Applications
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/EIN News/ — Dublin, Dec. 07, 2018 (GLOBE NEWSWIRE) — 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.
Global Biomimetic Technology Market is Anticipated to Reach $18.51 billion by 2028
The global biomimetic technology market was valued at $6.8 billion in 2017. 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.
Globally, North America is one of the most prominent regions, which is continuously advancing its technologies related to bionic medical treatments. The North America region is one of the early adopters of biomimetic technology and is leading in biomimetic robots and medical material development. The North America biomimetic technology market is followed by Europe, which is estimated to be second in terms of revenue generation in the year 2017.
Key Topics Covered
1 Market Dynamics
1.1 Market Drivers
1.1.1 Increasing Demand for Biomimetic Nano Drones
1.1.2 Growth in Tissue Engineering to Drive Medical Biomimetic Industry
1.2 Market Challenges
1.2.1 Privacy Concerns
1.2.2 Biomimetic is a Complex and Multi-Dimensional Technology with Operational Constraints
1.3 Market Opportunities
1.3.1 Rapid Growth in the Bio-Inspired Technologies
1.3.2 Burgeoning Prosthetics and Bionics Industry
2 Competitive Insights
2.1 Key Strategies & Developments
2.1.1 New Product Launch
2.1.2 Mergers & Acquisitions and Collaborations, Agreements, and Joint Ventures
2.1.4 Other Developments
2.2 Competitive Benchmarking
3 Industry Analysis
3.2 Evolution of Biomimetic Nano UAV's
3.3 Global Drone Market: Regulatory Environment
3.3.1 Drone Regulatory Authorities (by Country)
3.3.2 Overview: Drone Regulations in the U.S. and Europe
3.4 Supply Chain Analysis
3.5 Industry Attractiveness
3.5.1 Threat from New Entrants
3.5.2 Threat from Substitutes
3.5.3 Bargaining Power of Buyers
3.5.4 Bargaining Power of Suppliers
3.5.5 Intensity of Competitive Rivalry
4 Global Biomimetic Technology Market, 2017-2028
4.1 Assumptions and Limitations
4.2 Market Overview
5 Global Biomimetic Technology Market (by Application)
5.1 Market Overview
5.2.2 Drug Delivery
5.2.3 Tissue Engineering
5.2.4 Wound Healing
5.3.1 Search and Rescue
5.3.3 Underwater Research
5.3.4 Security and Safety
5.3.5 Traffic Monitoring
6 Global Biomimetic Technology Market (by End-User)
6.1 Market Overview
18.104.22.168 Key Materials in Medical Biomimetics Market
22.214.171.124 Key Sensors in Robotics Biomimetics Market
7 Global Biomimetic Technology Market (by Region)
7.1 Market Overview
7.2 North America
8 Company Profile
8.2 AeroVironment, Inc.
8.2.1 Company Overview
8.2.2 Product Offerings
8.2.4 Financial Summary
8.2.5 SWOT Analysis
8.4 Biomimetics Technology Inc.
8.5 Chas. A. Blatchford & Sons Ltd
8.6 Hstar Technologies
8.7 Syntouch LLC
8.8 Veryan Medical
8.9 Wright Medical Group Inc.
8.10 Other Key Players
For more information about this report visit https://www.researchandmarkets.com/research/vgcxd7/global_biomimetic?w=12
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