(MENAFN - Zion Market Research) Zion Market Research has published a new report titled 'Nanotechnology in Medical Devices Market by Product Type (Biochip, Implantable Material, Medical Textile & Wounding Dressing, Active Implant Devices, and Others) and by Application (Diagnostic, Therapeutic, and Research): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025. According to the report, the global nanotechnology in medical devices marketwas approximately USD 7.46 billion in 2018 and is expected to generate around USD 15.78 billion 2025, at a CAGR of around 11.3% between 2019 and 2025.
Nanotechnology is a prominent and emerging branch in science that allows the manipulation of properties of matter at the nanoscale. These properties are manipulated for better interaction with the molecules of the cell positioned inside and outside of a cell. Cancer along with the other prominent diseases is treated by nanotechnology. The increasing prevalence of lifestyle-associated life-threatening diseases is expected to be the major driver for the global nanotechnology in medical devices market. In addition, rising mortality rate and growing awareness and access to modern and advanced therapeutics among the patients are likely to further fuel the global nanotechnology in medical devices market in the upcoming years. Additionally, growing awareness about the advantages of therapy and huge investments made in the research and development of nanotechnology in medical devices are projected to create new growth opportunities for this market. However, stringent government regulations and complex development procedures are major restraints that may limit this market.
Browse the full 'Nanotechnology in Medical Devices Market by Product Type (Biochip, Implantable Material, Medical Textile & Wounding Dressing, Active Implant Devices, and Others) and by Application (Diagnostic, Therapeutic, and Research): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025 Report at https://www.zionmarketresearch.com/report/nanotechnology-medical-devices-market
The global nanotechnology in medical devices market is segmented based on product type and application. By product type, the market includes biochip (lab-on-chip and DNA microarrays), implantable material (dental filling material, and bone restoring material), medical textile and wound dressing, active implant devices (cardiac rhythm management devices, hearing aid devices, and retinal implants), and others. The active implant devices segment is estimated to hold a prominent share of the global nanotechnology in medical devices market in the future.
On the basis of application, the nanotechnology in medical devices market is divided into diagnostic, therapeutic, and research. The therapeutic segment held the maximum market share in 2018, as a large number of devices and drugs fall under this category.
The North American nanotechnology in medical devices market is expected to show the maximum growth over the forecast time period, owing to the developments witnessed in the healthcare infrastructure, favorable government policies and research grant. Europe was the second largest nanotechnology in medical devices market globally in 2018, due to the high per capita income of the regional population. Asia Pacific is expected to show the fastest growth rate while the Latin American market is projected to grow moderately in the years ahead.
Some key players of the global nanotechnology in medical devices market include GE Global Research, Merck KGaA, Ferro, AMAG Pharmaceuticals, Capsulution Nanoscience, AstraZeneca, Affymetrix, PerkinElmer, 3M, Starkey Hearing Technologies, Smith & Nephew, St. Jude Medical, Acusphere, and Stryker Corporation.
This report segments the global nanotechnology in medical devices market into:
Global Nanotechnology in Medical Devices Market: By Product Type
- DNA Microarrays
- Dental Filling Material
- Bone Restoring Material
- Medical Textile and Wound Dressing
- Active Implant Devices
- Cardiac Rhythm Management Devices
- Hearing Aid Devices
- Retinal Implants
Global Nanotechnology in Medical Devices Market: By Application
Global Nanotechnology in Medical Devices Market: By Region
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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