Statistics 2022: U.S. and Global Nanotechnology in Medical Device Market to Surpass $ 1,908 Million at 12.2% CAGR Growth: Vantage Market Research

WASHINGTON, January 12, 2022 (GLOBE NEWSWIRE) – The Global Nanotechnology in the medical device market the size is expected to reach $ 1,908 million by 2028, with a CAGR of 12.2% during the forecast period. 2022-2028, says Vantage Market Research, in a report titled “Nanotechnology in Medical Device Market by Product (Biochip, Implant Materials, Medical Textiles, Dressings), by Application (Therapeutics, Diagnosis, Research), by Regions (North America, Europe, Asia-Pacific, Middle East and Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.

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Highlights of Nanotechnology in Medical Device Market report:

  • Global and regional dynamics

  • Premium previews

  • Market assessment

  • Company Profiles

  • Competitive landscape

  • Analysis of the impact of COVID

  • Historical data, estimates and forecasts

Market Snapshot:

Increase government support

Increasing government initiatives and support as well as technological advancements in the field of nanotechnology are the factors that are fueling nanotechnology in the medical device market. In addition, there is growing hope that nanotechnology in the field of medicinal devices will bring significant advances in the treatment of diagnosis, as well as in the prevention of various diseases. Nanotechnology developments are advancing at a rapid pace, which is a challenge for governments to stay abreast of the advancements. Nanotechnology has received considerable attention from governments and scientific communities around the world. Advances in medical devices using nanotechnology include virtual reality and nanotechnology in contact lenses, nanotechnology for detecting heart attacks, flexible chips encircling strands of chips, tiny 3D printed batteries for biosensors, nanotechnology enabling breath analyzers for diabetes. The advancement mentioned above is the subject of ongoing research and is expected to offer vast growth potential for the company.

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Increase in the elderly population

The improved and more cost-effective medical treatments required by older people around the world, along with the growing demand for cheaper and better health care are expected to propel market demand in the long run. In developed economies, older populations are straining health systems, similarly, in emerging economies, population growth and increasing middle class population create new demand for medical treatment. Nanotechnology plays a crucial role in overcoming this global challenge for medical treatment. In addition, medical researchers from all regions are working on nanoparticles for drug delivery that can deliver powerful drugs to where they are needed in the body, such as the site of infection or tumor. It also means that the medicine will be more effective and will also have fewer side effects in other parts of the body. Nanoparticles have also brought a whole new approach in the treatment of cancer by heating it from the inside out by directly injecting a magnetic nanoparticulate fluid into the tumor and applying an external electromagnetic field. All this is expected to propel the growth of the Nanotechnology in Medical Devices market in the long term.

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Nanotechnology in Medical Devices market?

  • What segments are included in the Nanotechnology in Medical Devices market?

  • Who are the major companies active in the Nanotechnology in Medical Devices market?

  • What are the major driving factors driving the Nanotechnology in Medical Devices market growth?

  • How can I get free sample reports or nanotechnology study in the medical device market?

Regional analysis:

The growth of the nanotechnology in medical devices market in North America is due to the presence of developed countries such as the United States and Canada. In addition, a highly developed health system as well as the presence of major players of nanotechnology-based medical device manufacturers and numerous nanotechnology development programs launched by the government of the region, will stimulate the growth of nanotechnology on the market. long-term medical device market.

List of the main players in the nanotechnology in medical devices market:

  • 3M Company (United States)

  • Stryker Corporation (United States)

  • St. Jude Medical, Inc. (US)

  • Affymetrix, Inc. (US)

  • Smith & Nephew, Inc. (United Kingdom)

  • PerkinElmer, Inc. (US)

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Recent developments in the industry:

1. In January 2021, Exogenesis nano Mesh announced the completion of production validation and sterilization validation. Nano Mesh is an advanced hernia product advertised by Exogenesis nano Mesh. It is the first nano-surface modification hernia device.

2. In July 2018, Vallum Corporation announced the news of the US Food and Drug Administration (FDA) receipt for the marketing of polyetheretherketone (PEEK). PEEK plus is the first and only nanotextured surface on a PEEK interbody device.

This market entitled “Nanotechnology in the medical device market“will cover proprietary 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

$ 770 million

Projected market size in 2028

$ 1,908 million

CAGR growth rate

12.2% CAGR from 2022 to 2028

Year of reference

2021

Historical years

2016 – 2020

Forecast years

2022 – 2028

Covered segments

Product: – Biochip, Implant materials, Medical textiles

Application: – Therapeutic, diagnostic, research

Regions: – North America, Europe, Asia-Pacific, Middle East and Africa, Latin America

Quantitative Data – Units

Revenue in billion USD / billion and CAGR from 2022 to 2028

Regions covered

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Covered countries

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others

Cover of the report

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, market share analysis of the business and impact assessment of COVID-19.

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Browse the market data tables and figures spread across the pages and the in-depth table of contents on Nanotechnology in the medical device market by product (biochip, implant materials, medical textiles, dressing), by application (therapy, diagnosis, research), by regions (North America, Europe, Asia-Pacific, Middle East and Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028) “ See the detailed table of contents here – https://www.vantagemarketresearch.com/press-release/nanotechnology-in-medical-devices-market-564233

Benefits of this research:

  • To assess the market share of commercial nanotechnology in medical devices market opportunities, track market size, competitive drug sales, summary information for business development and licensing.

  • Develop tactics and strategies to take advantage of opportunities in the nanotechnology in medical devices market.

  • Latest market trends and events and analyze key events in the nanotechnology in medical devices market.

  • Develop in-depth knowledge of the competition and analyze sales data to update your brand planning trackers.

  • Respond to vital business questions; supports R&D decision making for long term marketing strategies

  • Develop economic models, forecasting models and healthcare frameworks.

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