Market Research Future (MRFR) projects that the Global Nano Medical Devices Market will soar at a CAGR of 10.29% between 2017 and 2023.
The Nano Medical Devices are ultramodern medical devices that are increasingly being used for diagnosis and treatment of various type of diseases. Demand for such devices is expected to increase significantly in the near future. Nano medical products are a revolutionary healthcare technology, particularly in the fields of diagnostics, screening, imaging and testing. MRFR’s report reveals that the global Nano medical devices market is likely to find tremendous growth opportunities in the near future. Increasing use of nanotechnology in cardiac and Orthopaedic treatments is encouraging developers to put greater efforts in improving their product functionality. Nano medical devices are successfully drawing the attention of both medical professionals and patients. Nanotechnology has steadily entered the fields of oncology, cardiology and other chronic diseases. In addition, increasing level of awareness among people about the availability of cutting-edge treatment and medical devices is driving the demand for nano medical devices in the coming years.
Over the years, prevalence of chronic disorders associated with heart, blood pressure, and nerves has increased at an alarming rate. This has led to an increase in demand for more effective treatment options. Tremendous amount of research and development efforts are being made in the healthcare sector, which is also influencing the global nano medical devices market. Advancements in medical technology is now allowing doctors to perform even the most complex surgeries. The global market for nano medical devices is also likely to benefit from the growing requirements of personalized medical care. The concept of nanotechnology is now taking shape in the field of medical science. Nanotechnology is finding wider application in therapeutics and diagnostics. Nano medical devices have high potentials of future applications. However, stringent regulatory norms over use of nanoparticle based medicines and lengthy approval process are two of major challenges faced by manufacturers. In addition, most of the nano medical devices are expensive in nature, hence restricting their use to a limited patient base.
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Nano Medical Devices Market Latest Industry Highlights:
The US FDA has recently issued an approval for Medtronic’s Synchromed II. The device is an implantable system for pumping Remodulin into veins. Synchromed II consist of a controller, catheter and implantable pump.
PerkinElmer, Inc. and Johnson & Johnson have recently entered partnership project focused on developing a world-class innovation institutes.
Nanomedical Diagnostics, a prominent medical company having expertise in graphene biosensors has recently launched a novel Hydrophobic-Immobilization Biosensor – FLEX. The equipment will assist the companies label-free personal assay system “Agile R100”.
Global Nano Medical Devices Market – Segmental Analysis:
MRFR in its report has offered a through segmental analysis of the market based on application (drug release regulation, disease treatment and diagnosis and others), end users (clinics, hospitals and research institutions), device types (implantable cardioverter-defibrillators, implantable biosensors, implantable drug delivery system and others) and region (Europe, America, Middle East & Africa (MEA), and Asia-Pacific).
Nano Medical Devices Market Regional Overview:
Presence of leading players and strong demand for nano based medical products makes America a highly profitable market for nano medical devices. During the forecast period, the market in North America is projected to exhibit a healthy growth. Increased government backing in healthcare R&D in the countries such the US, Canada and Brazil is making a positive impact on the market. Europe is likely to retain its second spot over 2023. High purchasing power and availability of world-class healthcare infrastructure will propel the nano medical devices market in the region.
Global Nano Medical Devices Market – Competitive Analysis:
Smith & Nephew plc. (U.K.), EOS GmbH (Germany), EnvisionTEC (US), St. Jude Medical, Inc. (U.S.), Starkey Hearing Technologies (U.S.), Stryker Corporation (U.S.), Medtronic (US), 3M Company (U.S.), and PerkinElmer, Inc. (U.S.), are some of the companies profiled is MRFR’s report.
Table of Content Nanomedical Devices Market Research Report – Global Forecast Till 2023:
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
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