Nanotechnology in Medical Devices Market Analysis

Nanotechnology in Medical Devices Market Analysis

In terms of product, the nanotechnology in medical devices market is categorized into implantable medical devices, dental filling material, wound care, and others. The implantable medical devices segment is projected to exceed USD 2.9 billion by 2030. This is attributed to a significant rise in the adoption of nanotechnology-based medical devices in target disease treatment procedures due to various advantages offered by these products.
 

With respect to application, the nanotechnology in medical devices market is divided into dentistry, orthopedics, hearing loss, wound care, and others. The orthopedics segment is expected to register 8% CAGR through 2030. Nanotechnology facilitates novel applications in scaffolds to generate a precise interface between native bone and orthopedic implants, leading to effective osseointegration. Nanotechnology is also gaining traction in the orthopedics space as the bone and its constituents, such as hydroxyapatite, collagen fibrils, and haversian systems, are nano compounds.
 

In terms of end-use, the nanotechnology in medical devices market is segregated into hospitals, clinics, and others. The hospitals segment is speculated to amass over USD 3.7 billion by 2030 as a result of soaring admissions with target indications comprising oral issues, orthopedic diseases, hearing loss, and surging disease screening initiatives. Additionally, the availability of highly skilled healthcare professionals is further propelling the industry trends.
 

North America nanotechnology in medical devices market is poised to USD 2.5 billion by 2030 due to significant adoption of advanced products, and the presence of a large number of manufacturers are some factors propelling the regional market forecasts. Moreover, favorable initiatives by several countries across the globe to improve the healthcare infrastructure are also expected to prove conducive to industry growth.