Press release
Nanotechnology Based Medical Device Market 2018 Leaders Analysis: Starkey Hearing Technologies, Smith & Nephew, St. Jude Medical, PerkinElmer, Inc., Affymetrix, aap Implantate AG, Stryker, Mitsui Chemicals Group, Dentsply Sirona, 3M, GE Global Research
Nanotechnology Based Medical Device Market
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Major Market Competitors/Players:
• Starkey Hearing Technologies
• Smith & Nephew PLC
• ST. Jude Medical, Inc
• Perkinelmer, Inc
• Affymetrix, Inc.
• AAP Implantate AG
• Stryker Corporation
• Mitsui Chemicals, Inc
• Dentsply International
• 3M Company
• Smith & Nephew
• Acusphere, Inc
• AMAG Pharmaceuticals
• Ferro Corp
• Merck KGaA
• GE Global Research
• AstraZeneca Plc
• Capsulution Nanoscience AG
• among others.
Global Nanotechnology Based Medical Device Market, By Products (Active Implantable Devices, Biochips and Implantable Materials and Medical Textiles and Wound Dressings), By Application (Therapeutic Application, Diagnostic and Research), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis:
The Global Nanotechnology Based Medical Device Market is expected to reach USD 16.55 Billion by 2025 from USD 6.93 Billion in 2017 growing at a CAGR of 11.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Nanotechnology is use of extremely small particles to make new and useful materials. One of the major applications of nanotechnology is nano coating which increases the biocompatibility and improves the absorption of material in surrounding tissues such as use of stent coating in cardiology, coating in joint replacement in orthopedics and dental implants. Nanomaterials used in wound care and medical textiles owing to its antimicrobial properties. Nanomaterials devices are used in neurology and cardiac problems because of electrical and magnetic properties of materials. In early diagnostic of cancer nanomaterials enhances the effect of chemotherapy and radiation therapy through increased temperature. Apart from this, nanomaterials develop the implantable biosensors through micro-electromechanical systems (MEMS) and silicon chips capable of implantation within the human body. Devices developed based on micro-electromechanical systems (MEMS) are developed for the treatment of chronic disease monitoring, cardiac arrhythmia, cardioverter-defibrillator (ICD), implantable drug delivery systems. Medtronic developed carelink monitor that allows patient to gather information from implanted cardiac device. In 2004, Verichip received the approval for RFID microchip device from U.S FDA. This product expansion of verichip enhanced the market value of RFID microchip. IN Feb 2006, Zyvex Corporation has selected Diabetech, LP for development and commercialization, for their wireless sensor implant. This collaboration helped Zyvex Corporation to increase their market value.
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Market Segmentation:
Based on product the market is segmented into:
• Active Implantable Devices
• Biochips
• Implantable Materials Medical Textiles
• Wound Dressings
• Others
Active implantable devices are further sub-segmented into:
• Cardiac Rhythm Management Devices
• Hearing Aid Devices
• Retinal Implants
Biochips is further sub-segmented into:
• DNA Microarrays
• Lab-On-Chip
Implantable materials are further sub-segmented into:
• Dental Restorative Materials
• Bone Substitute Materials
Based on application the market is segmented into:
• Therapeutic Applications
• Diagnostic Application
• Research Application
Based on geography:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Competitive Analysis:
The global nanotechnology based medical device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of nanotechnology based medical device system market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Increase support and fund from government
• Increase in geriatric population
• Stringent and time-consuming product approval processes
• High prices of nanotechnology-based medical devices
• Commercialization of nanotechnology-based devices
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Key benefits of the Report
1. Detailed overview of the Global Nanotechnology Based Medical Device Market
2. Key developments and product launches by the top players and brands
3. Key parameters which are driving the market
4. What are the challenges being faced by the new entrants
5. Market volume
6. CAGR value for the forecast period 2018-2025
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. Get 10% Discount on Report by emailing sopan.gedam@databridgemarketresearch.com . We are content with our glorious 99.9 % client satisfying rate.
Contact:
Sopan Gedam
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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