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Major players operating in the medical biomimetics market are :
These competitors are adopting numerous business strategies such as collaborations & partnerships and acquisitions strategy to enhance their market share.
North America market had secured around 45% revenue share in 2020 owing to the presence of leading companies with strong product demand in the region.
Cardiovascular segment had held 40% of the market share in 2020 and will grow due to higher adoption of sedentary lifestyle and unhealthy diet among people.
Medical biomimetics market size was USD 32 billion in 2020 and will observe a CAGR of over 6.5% through 2027.
Industry revenue from drug delivery crossed USD 6.5 billion in 2020 owing to rising adoption of three dimensional biomimetics models in controlled drug delivery.