Nanotechnology in Medical Devices may be Small in Size but R&D Investments are Making it Large in Scope

HYDERABAD, India, October 7, 2016 /PRNewswire/ --

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According to the report "Nanotechnology in Medical Devices", published by Market Data Forecast, the global market is projected to reach USD 10.45 Billion by 2021, at a CAGR of 12.5% from 2016 to 2021.

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Nanotechnology in medicine devices involves usage of Nano-robots to make repairs at the cellular level and often involves dimensions which are fractions of the width of the human hair and is believed to revolutionize the way we treat and detect the damage to the human body. Many of the Nanotechnology applications are also at various stages of testing and offers some exciting opportunities in the future.

The nanotechnology in medical devices has been witnessing significant growth attributed to the rising government investment in R&D of nanotechnology with increased international collaboration in research and rising prevalence of aging population. The market is also driven by the increased awareness among the individuals, growing expenditure on healthcare and the availability of reimbursement and insurance coverage for healthcare expenditure. However, high cost related to nanotechnology based medical devices and stringent regulations making the products approval time consuming are hampering the growth of the market.

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Nanotechnology in medicine devices Market is segmented on the basis of product type and application.

Based on Product Type 

• implantable material
• biochips
• medical textile and wound dressing
• active implantable material
• others

Based on Application 

• diagnostics
• therapeutics
• research

Based on Geography 

• North America Nanotechnology in Medical Devices Market
• Europe Nanotechnology in Medical Devices
• Asia-Pacific Nanotechnology in Medical Devices
• Latin America Nanotechnology in Medical Devices
• Middle-East & Africa Nanotechnology in Medical Devices

The major companies in the nanotechnology medical devices market are AMAG Pharmaceuticals, Stryker Corporation, Acusphere, Inc., 3M Company, St. Jude Medical, Inc., Affymetrix, Inc., Smith & Nephew, Inc., PerkinElmer, Inc. and Starkey Hearing Technologies.

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The Global Nanotechnology in Medical Devices Market Study offers you: 

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Check out these related reports in the Medical Devices Segment: 

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Ophthalmology Devices Market: http://www.marketdataforecast.com/market-reports/global-ophthalmology-devices-market-456/

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Minimally Invasive Surgical Instruments Market: http://www.marketdataforecast.com/market-reports/global-minimally-invasive-surgical-instruments-market-215/

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SOURCE Market Data Forecast