Over the last five years, the nanotechnology-based medical devices market
witnessed tremendous growth primarily due to growth in the aging population, and
increasing government support with increased nanotechnology R&D expenditure and
increased international research collaborations.
In this report, the global nanotechnology-based
medical devices market is segmented on the basis of products and
applications. On the basis products, the nanotechnology-based medical devices
market is categorized 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; whereas, 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 segmented into therapeutics applications, diagnostics
applications, and research applications.
The global nanotechnology-based medical devices market is expected to grow at a
significant CAGR of around 11-12% during the forecast period (2014–2019). The
market is mainly driven by the growth in aging population, rising adoption of
nanotechnology-based medical devices, and increased nanotechnology R&D
expenditure. In addition, the governments of several nations are investing
heavily in developing and commercializing new nanotechnology products. However,
safety issues regarding nanotechnology-based medical devices, stringent
regulatory guidelines, and time-consuming approval processes for these devices
are hampering the growth of this market to a certain extent.
Active implantable devices accounted for a major share of the
nanotechnology-based medical devices the market. The nanotechnology-based
medical devices market for active implantable devices is primarily driven by the
growing incidence of age-related disorders such as hearing and cardiovascular
disorders. In addition, the growing awareness about these diseases and increased
acceptance of the hearing aid devices are further driving the market for active
implantable devices.
In 2013, North America accounted for the largest share to the global
nanotechnology-based medical devices market, followed by Europe, Asia-Pacific,
and RoW. However, Asia-Pacific is expected to be the fastest-growing region
during the forecast period owing to the rapidly aging population, rising
adoption of advanced nanotechnology-based medical devices, increased
accessibility to healthcare facilities, and rising R&D and healthcare
expenditure.
The global nanotechnology-based medical devices market is dominated by six
players that accounted for around 65-70% of the global market in 2014. The major
players in the global nanotechnology-based medical devices market are Stryker
Corporation (U.S.), 3M Company (U.S.), St. Jude Medical, Inc. (U.S.),
Affymetrix, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Starkey Hearing Technologies
(U.S.), and Smith & Nephew plc (U.K.).
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Reasons To Buy the Report
The report will enrich established firms as well as new entrants/smaller firms
to gauge the pulse of the market, which in turn would help them garner a greater
market share. Firms purchasing the report could use one or any combination of
the below-mentioned five strategies (market penetration, product
development/innovation, market development, market diversification, and
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This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios
offered by the top players in the nanotechnology-based medical devices market.
The report analyzes the nanotechnology-based medical devices market by products
and applications across all regions
- Product Development/Innovation: Detailed insights on upcoming trends,
research and development activities, and new product launches in the
nanotechnology-based medical devices market
- Market Development: Comprehensive information on the lucrative emerging
markets by product, application, and region
- Market Diversification: Exhaustive information of new products, growing
regions, recent developments, and investments in the nanotechnology-based
medical devices market
- Competitive Assessment: In-depth assessment of market shares, growth
strategies, products, distribution networks, manufacturing capabilities, and
SWOT analyses of the leading players in the nanotechnology-based medical devices
market.
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