Global Nanotechnology in Medical Devices Market 2018-2025 – Market Outlook, Competitive Analysis, Industry Trends
Global Nanotechnology in Medical Devices Market is expected to reach USD 16.5 billion by 2025, from 6.21 billion in 2016 growing at a CAGR of 11.50% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Nanotechnology in Medical Devices Market
Nanotechnology in medical devices is a field where there is scope for High growth. Cellular level repairs which can be carried by nanorobots through the technology. The application of nanotechnology helps in the treatment of neuro degenerative diseases like Parkinson’s and Alzheimer’s. The main usage of nanotechnology in medical device are mainly due to the increase in the frequency of chronic diseases, the enhancing rate of diseases amongst the aging population, awareness related to the preventive measures in the healthcare industry.
The total healthcare expenditure in India was only 3.9% of GDP, compared to 8.9% for Brazil, 6.2% for Russia and 5.2% for China. Out-of-pocket expenditure is as high as 61% , with only 25% of the population being covered by health insurance.
Market Drivers:
- Increasing Government Support
- Growing Geriatric Population
Market Restraints:
- Stringent and Time-Consuming Product Approval Processes
- High Prices of Nanotechnology-Based Medical Devices
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Market Segmentation: Global Nanotechnology in Medical Devices Market
- The Global Nanotechnology in Medical Devices Market based on type of Product, Active Implantable is further segmented into (Cardiac Rhythm Management Devices, Hearing Aid Devices, Retinal Implants)
- Based on Biochips which is further segmented into (Dna Microarrays, Lab-On-Chip)
- Based on Implantable Materials which is further segmented into (Dental Restorative Materials, Bone Substitute Materials
- Based on type of Application which is further segmented into (Therapeutic Applications, Diagnostic Applications and Research Applications)
- Global Nanotechnology in Medical Devices Market is based on Type of Region (North America, Europe, Asia-Pacific)
Competitive Analysis: Global Nanotechnology in Medical Devices Market
The Global Nanotechnology provide Medical Devices 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 Global Nanotechnology in Medical Devices Market for global, Europe, North America, Asia Pacific and South America.
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Major Market Competitors/Players: Global Nanotechnology in Medical Devices Market
Blynx,Crunchbase Inc.., Advanced Diamond Technologies., Advanced Nano Products Co. Limited, Advanced Nanotechnologies S.L.,Altairnano., Bruker Catalytic Materials LLC,CHASM Advanced Materials. INC.,CHASM Advanced Materials, Inc.., Chemat Technology Inc., ELITechGroup, Hanwha Chemical Corp., Hybrid Plastics Inc., Hyperion Catalysis International Inc., Integran Technologies Inc., NanoMaterials Ltd., Nanocyl S.A, Nanophase Technologies Corporation, Nanosys Inc., PEN Inc., QuantumSphere Inc.,
Primary Respondents:
- Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others
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