WASHINGTON, Jan. 12, 2022 (GLOBE NEWSWIRE) -- The Global Nanotechnology in Medical Devices Market size is expected to reach USD 1,908 Million by 2028, exhibiting a CAGR of 12.2% during the forecast period. 2022-2028, states Vantage Market Research, in a report titled, “Nanotechnology in Medical Devices Market by Product (Biochip, Implant Materials, Medical Textiles, Wound Dressing), by Application (Therapeutic, Diagnostic, Research), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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The Report on Nanotechnology in Medical Devices Market Highlights:
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- Historic Data, Estimates and Forecast
Market Overview:
Increasing Government Support
Increasing government initiatives and support along with technological advancements in the nanotechnology field are the factors fuelling the nanotechnology in medical devices market. Addition, there is an increasing hope for nanotechnology in the medicinal devices area to bring about significant advances in the diagnosis treatment, along with the prevention of various diseases. Developments in the nanotechnology are surging at a rapid pace, which is challenge for governments to stay updated with the progress. Nanotechnology has been receiving significant attention from governments and scientific communities worldwide. The advancement in medical devices utilizing nanotechnology include, virtual reality and nanotech in contact lenses, nanotechnology for detecting of heart attack, flexible chips encircling strands of chips, tiny 3D printed batteries for biosensors, nanotech enable breath analyzers for diabetes. The above-mentioned advancement is under on-going research and is expected to offer vast scope for growth in the business.
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Surging Elderly Population
Improved and more cost-effective medical treatment required by the elderly people around the world along with rising demand for cheaper and better healthcare is anticipated to propel market demand in the long run. In the developed economies elderly populations are putting tremendous strains on healthcare systems, similarly, in the budding economies, growing population along with rising middle-class population are creating new demand for medical treatment. Nanotechnology is playing a crucial role in overcoming this global challenge for medical treatment. Additionally, medical researchers across all regions are working on nanoparticles for drug delivery which can distribute powerful medications to where they are needed in the body, like the site of infection or tumour. This also means that the medication will be more efficient and will also have fewer side effects in the other body parts. Nanoparticles have also brought a totally new approach in treatment of cancer by heating it from the inside out by injecting a magnetic nanoparticle fluid into the tumour directly and applying an external electromagnetic field. All this is anticipated to propel growth for the Nanotechnology in Medical Devices Market in the long run.
Important questions answered in this report:
- What is the estimated market size and growth rate of the Nanotechnology in Medical Devices Market?
- Which segments are included in the Nanotechnology in Medical Devices Market?
- Which top companies are active in the Nanotechnology in Medical Devices Market?
- What are the major driving factors for the growth of the Nanotechnology in Medical Devices Market?
- How can I get free sample reports or study of Nanotechnology in Medical Devices Market?
Regional Analysis:
The growth of the Nanotechnology in Medical Devices Market in the North America is due to the presence of developed countries such as U.S and Canada. Additionally, highly developed healthcare system along with the presence of a major players of nanotechnology-based medical device manufacturers and numerous nanotechnology development programs started by the government of the region, will drive growth for Nanotechnology in Medical Devices Market in the long run.
List of Prominent Players in the Nanotechnology in Medical Devices Market:
- 3M Company (U.S.)
- Stryker Corporation (U.S.)
- St. Jude Medical, Inc. (U.S.)
- Affymetrix, Inc. (U.S.)
- Smith & Nephew, Inc. (U.K.)
- PerkinElmer, Inc. (U.S.)
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Recent Developments in the Industry:
1. In January 2021, Exogenesis nano Mesh announced the completion of validation production and sterilization validation. Nano Mesh is a hernia product advanced by and advertised by Exogenesis nano Mesh. It is the first hernia device which surface nano-modification.
2. In July 2018, Vallum Corporation announced the news on receiving the U.S Food and Drug Administration (FDA) for marketing polyether ether ketone (PEEK). PEEK plus is the first and only nanotextured surface on a PEEK interbody device.
This market titled “Nanotechnology in Medical Devices Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 770 Million |
| Projected Market Size in 2028 | USD 1,908 Million |
| CAGR Growth Rate | CAGR of 12.2% from 2022-2028 |
| Base Year | 2021 |
| Historic Years | 2016 – 2020 |
| Forecast Years | 2022 – 2028 |
| Segments Covered | Product:- Biochip, Implant Materials, Medical Textiles Application:- Therapeutic, Diagnostic, Research Regions:- North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Quantitative Data - Units | Revenue in USD Billion/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Browse market data Tables and Figures spread through Pages and in-depth TOC on "Nanotechnology in Medical Devices Market by Product (Biochip, Implant Materials, Medical Textiles, Wound Dressing), by Application (Therapeutic, Diagnostic, Research), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Table of Content here – https://www.vantagemarketresearch.com/press-release/nanotechnology-in-medical-devices-market-564233
Advantages of this Research:
- Evaluate market share for commercial Nanotechnology in Medical Devices market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
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- Answer vital business questions; supports decision making in R&D to long term marketing strategies
- Develop economic models, forecast models, and healthcare frameworks.
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