Biomimetic Technology Market Size Worth USD 17.73 Billion by 2027According to the current analysis by Emergen Research, the global Biomimetic Technology market value is expected to reach $17.73 billion by 2027. Biomimetic technology market is anticipated to expand exponentially due to the growth of tissue engineering market. The increase in the elderly population will have a significant impact on the growth of the market. The elderly population is especially vulnerable to heart problems, neurosurgery and orthopedics. Increasing use of biomimetics in the cardiac sector will also boost the growth of the biomimetic technology market during the forecast timeline. Moreover, increasing cases of organ failure among the elderly population is expected to increase the demand for this technology soon.However, stringent regulatory guidelines are expected to curb market growth.
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