Global Nanotechnology in Medical Devices Market is Growing at a Significant Rate in the Forecast Period 2018-2025

According to Data Bridge Market Research new Market report, global nanotechnology in medical devices market will account to an estimated USD 6.92 billion in 2017 growing at a CAGR of 11.50% during the forecast period of 2018 to 2025.

Global Nanotechnology in Medical Devices Market

Global Nanotechnology in Medical Devices Market

Nanorobots can be described as the basis for nanotechnology in which these nanorobots use small particles to develop and repair the devices that have a unique set of characteristics. This application of nanotechnology in medical devices is ever growing due to the rising levels of chronic diseases worldwide. Due to the widespread applications there has been a rise in technological advancements of the market which has resulted in usage of these nanotechnology for the repair of the cells of the human body suffering from chronic diseases.

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Segmentation: Global Nanotechnology in Medical Devices Market

Global nanotechnology in medical devices market is segmented on the basis of product, application and geography.

By Type of Product (Active Implantable Devices, Biochips, Implantable Materials), Type of Application (Therapeutic Applications, Diagnostic Applications and Research Applications) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).

FACTORS DRIVING GROWTH IN NANOTECHNOLOGY IN MEDICAL DEVICES MARKET

Increased R&D expenditure:

According to Evaluate Ltd., pharmaceutical firms around the world spent around USD 156 billion in 2016 on R&D expenses. This expenditure is evidence regarding the motive behind the companies to develop and innovate the products and services being offered to the patients and other end-users. High amounts of R&D expenditure are expected to drive the market for the nanotechnology’s application in medical devices, due to the motivation behind medical devices’ manufacturers to provide the qualitative products and services.

Company List

R&D Spending (USD Billion)

 

 

Other Firms from Rest of the World

F. Hoffmann-La Roche Ltd

Novartis AG

Johnson & Johnson Services Inc.

Pfizer Inc.

Merck & Co. Inc.

Sanofi

AstraZeneca

Amgen Inc.

Eli Lilly and Company

Bristol-Myers Squibb Company

AbbVie Inc.

Gilead

Takeda Pharmaceutical Company Limited

Boehringer Ingelheim International GmbH

Bayer AG

CELGENE CORPORATION   

Novo Nordisk A/S

Regeneron

Biogen

63.1

8.7

7.9

7.8

7.0

6.8

5.7

5.6

4.9

4.7

4.4

4.2

3.9

3.8

3.2

3.1

2.9

2.2

2.1

2.0

 

 

Key Market Competitors:

Few of the major competitors currently working in the nanotechnology in medical devices market are ANP CORPORATION, Advanced Nanotechnologies, Altairnano, CHASM Advanced Materials, CHEMAT TECHNOLOGY INC., ELITechGroup, Hanwha Chemical Corporation, Hybrid Plastics Inc., Integran Technologies, Nanocyl SA, Nanophase Technologies Corporation, Nanotech Industrial Solutions, QuantumSphere Inc., Rogue Valley Micro, Shenzhen Nanotech Port Co. Ltd., Starpharma Holdings Limited, Zyvex, and eSpin Technologies.

Browse Related Reports:

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Global Nanomedicine Market,By Product Type (Nanomolecules, Nanoparticles (Gold nanoparticles, Silver nanoparticles, Alumina nanoparticles, Iron oxide nanoparticles, Gadolinium nanoparticles, Other metal & metal oxide nanoparticles), Liposomes, Polymer & polymer drug conjugates, Hydrogel nanoparticles, Dendrimers, Nanodevices), By Application (In-Vitro Imaging, In-Vitro Diagnostics, Vaccines), By Disease (Neurological Diseases, Cardiovascuar Diseases, Oncology, Anti-Inflammatory, Anti-Infective, Others), By Geography – Industry Trends and Forecast to 2024

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