Biomimetics or biomimicry is the emulation of the models, systems, and elements of nature to solve complex human problems. Biomimetics has given rise to new technologies inspired by biological solutions at macro and nanoscales. Biomimetics is used for the development of biocompatible material which allows healthcare professionals to monitor and treat chronic diseases such as cardiovascular disorders. Biomimetics has applications in regenerative medicine, tissue engineering, and drug delivery. The incorporation of nanotechnology played a pivotal role in the application of bone structures as well as drug delivery systems.
Market Dynamics
The increasing incidence of cardiovascular disorders, demand for prosthetics, implants for an organ transplant, adoption of expansion strategies by manufacturers, and product launches, along with the rising healthcare expenditure in developed and developing economies are the major factors driving the global medical biomimetic market growth. For instance, according to the American Medical Association- a professional association and lobbying group of physicians and medical students, public health activity resulted in medical spending of US$ 238.3 billion in 2020 and reached around US$ 238.3 bn in 2021 in the U.S.
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