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.
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) and
Forecast to 2025.
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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 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.
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
Market Definition:
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
Some of the
major countries covered in this report are U.S., Canada, Germany, France, U.K.,
Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan,
Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
Research Methodology:
Data
collection and base year analysis is done using data collection modules with
large sample sizes. The market data is analyzed and forecasted using market
statistical and coherent models. Also market share analysis and key trend
analysis are the major success factors in the market report. To know more
please Request an Analyst Call or can drop down your inquiry.
Demand Side
Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital
Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers,
Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters,
Investors among others.
Supply Side
Primary Contributors: Product Managers, Marketing Managers, C-Level Executives,
Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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