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Nanotechnology in Medical Devices Market by Product, Application - Global Forecast to 2019

Nanotechnology: Medical Devices Market Forecast until 2019

  • March 2015
  • 178 pages
  • ID: 2828208
In this report:
This market is expected to reach $##.## million by 2019 from $##.## million in 2014, at a CAGR of ##.##% during the forecast period.
This market is expected to reach $##,##.## million by 2019 from $##,##.## million in 2014, at a CAGR of ##.##% during the forecast period.
This market is expected to reach $##,##.## million by 2019 from $##.## million in 2014, at a CAGR of ##.##% during the forecast period.

Summary

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Over the last five years, the nanotechnology-based medical devices market witnessed tremendous increase in the aging population, and growing government support with increased nanotechnology R&D expenditure and rised international research collaborations.

In this business report, the overall nanotechnology-based medical devices market is divided on the basis of products and applications. On the basis products, the nanotechnology-based medical devices market is classified into biochips, implantable materials, medical textile and wound dressing, active implantable devices, and others. The implantable materials segment is bifurcated into dental filling materials and bone restorative materials; because, the active implantable devices segment is bifurcated into cardiac rhythm management devices, hearing aid devices, and retinal implants. On the basis of applications, the nanotechnology-based medical devices market is broken down into therapeutics applications, diagnostics applications, and research applications.

The overall nanotechnology-based medical devices market is anticipated to grow at a significant Compound annual growth rate of around 11 - 12.0 percent during the forecast period (2014-2019). The industry is mainly influenced by the rise in aging population, growing adoption of nanotechnology-based medical devices, and gained nanotechnology R&D expenditure. Additionally, the governments of different nations are investing heavily in developing and commercializing new nanotechnology products. On the other hand, safety issues concerning nanotechnology-based medical devices, stringent regulatory guidelines, and time-consuming approval processes for these devices are hampering the increase of this market to a certain extent.

Active implantable devices recorded for a main share of the nanotechnology-based medical devices the market. The nanotechnology-based medical devices market for active implantable devices is primarily influenced by the increasing incidence of age-related disorders including hearing and cardiovascular disorders. Moreover, the increasing awareness about these diseases and rised acceptance of the hearing aid devices are further driving the sector for active implantable devices.

In 2013, North America continent recorded for the biggest share to the overall nanotechnology-based medical devices market, succeeded by Europe (EU), Asia-Pac, and RoW. Nevertheless, Asia Pacific (APAC) is anticipated to be the quickest-increasing area during the outlook period due to the quickly aging population, increasing adoption of advanced nanotechnology-based medical devices, rised accessibility to healthcare facilities, and growing R&D and healthcare expenditure.

The overall nanotechnology-based medical devices market is leaded by, is monopolized by six industry actors that accounted for around 65 - 70.0 percent of the overall market in 2014. The main players in the overall nanotechnology-based medical devices market are Stryker (NYSE:SYK), 3M Company (NYSE:MMM), St. Jude Medical, Incorporated, Affymetrix, Incorporated, PerkinElmer (NYSE:PKI), Starkey Hearing Technologies, and Smith & Nephew plc.

Reasons to Buy the Report

The study will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them collect a larger share of market. Companies obtaining the analysis could use one or any combination of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for reaping a larger market share.

This industry report offers business insights on these pointers:

- Business entry: Exhaustive information on the product types provided by the top actors in the nanotechnology-based medical devices market. The market research examines the nanotechnology-based medical devices market by products and applications across all areas

- Product improvement/Innovative products: In-depth understanding on upcoming trends, analysis and growth activities, and recent product launches in the nanotechnology-based medical devices market

- Industry development: Highlighted information on the profitable emerging sectors by product, application, and area

- Industry diversification: Exhaustive information of new products, increasing regions, recent evolutions, and market investments in the nanotechnology-based medical devices market

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, distribution networks, manufacturing competences, and SWOT analyses of the leading actors in the nanotechnology-based medical devices market

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