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Nanotechnology in Medical Devices Market size to exceed $7Bn by 2030

  • Published Date: October 19, 2022

Nanotechnology in Medical Devices Market size is anticipated to surpass USD 7 billion by 2030, according to a new research report by Global Market Insights Inc.

Growing prevalence of orthopedic & dental diseases and the mounting popularity of nanotechnology as the chief drivers of the nanotechnology in medical devices industry. Recent advancements in nanotechnology have broadened its scope of application due to effective results in disease treatments & prevention. Numerous pharma & biotechnology companies are offering innovative nanotechnology-based devices, which is propelling product adoption.

Exceptional healing property to increase wound care segment share

The wound care segment is projected to be worth over USD 1 billion by 2030. Nanomaterial-based wound care can treat and prevent wound infections more effectively than traditional treatment approaches due to its several benefits. Furthermore, the physiochemical properties of nanomaterials enable researchers to perform studies on the wound-healing applications of nanotechnology, which is forecast to augment segment progress.

Browse key industry insights spread across 206 pages with 235 market data tables & 16 figures & charts from the report, “Nanotechnology in Medical Devices Market Analysis By Product (Implantable Medical Devices {Orthopedic Devices, Hearing Aids, Dental Implants}, Dental Filling Material, Wound Care), Indication (Dentistry, Orthopedics, Hearing Loss, Wound Care), End-use (Hospitals, Clinics), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:

Superior features of nanodevices to push dentistry segment growth

Nanotechnology in medical devices market from the dentistry segment is poised to garner more than USD 2.5 billion by 2030. The integration of nanofiller particles in composite resins has aided the development of a novel class of materials that has superior properties as compared to micro- and macro-filled composites. Nanofillers inhibit polymerization shrinkage and thermal expansion, and enhance the polishing ability, hardness, and wear resistance of composites.

Increasing rate of surgeries to augment clinics segment expansion

Nanotechnology in medical devices market for clinics segment surpassed USD 1 billion in 2021. A strong emphasis of clinics on enhancing target disease treatment procedures while also offering cost-effective and high-quality services is anticipated to bolster product adoption in these settings. Subsequently, the increasing number of patients opting for surgeries is supplementing segment development.

Burgeoning disease burden to facilitate Asia Pacific market growth

Asia Pacific nanotechnology in medical devices industry is slated to record more than USD 1.5 billion by 2030. The region is foreseen to emerge as a dominant revenue hub for this industry as a result of the soaring prevalence of chronic diseases. In addition, increasing privatization, rising health insurance penetration, and booming demand for skilled healthcare providers are pushing regional market size.

Growing R&D initiatives to remain a key growth strategy

Some of the key players profiled in the nanotechnology in medical devices industry report include Smith & Nephew PLC, Starkey, Abbott, Straumann, Interton, Sebotek Hearing Systems, Coltene Whaledent, and Audina Hearing Instruments, among others.

Authors: Sumant Ugalmugle, Rupali Swain