Nano Medical Devices Market To Grow At CAGR 10.29% During Forecast Period

Pune, India, July 20 2017 /MRFR Press Release/- Market Research Future published a half-cooked research report on global nano medical devices market.

Nano Medical Devices Market highlights

Nanotechnology has made many of the surgeries and treatments possible. Nano medical devices are used for the diagnosis, prevention, monitoring, and treatment of many chronic diseases. Nano medical devices are the fastest and advanced methodology in proper detection and improved diagnosis for proper treatment. According to National Cancer Institute, globally 14 million people are suffering from cancer in 2014 which is expected to increase up to 19 million till 2024. This increasing number of cancer has increased the need for the better treatment. Nano medical devices are majorly used in diagnosis and treatment of cancer. Global nano medical device market is driven by increasing prevalence of cancer and rapid development in nanotechnology. Development in healthcare sector, increasing governmental initiatives for research and development of the better treatment for different diseases.

Global Nano medical devices market is expected to grow at a CAGR of 10.29% during forecasted period 2017-2023.

Segmentation

The global Nano medical market is segmented on basis of types, applications and end users. Based on types, the market is segmented as implantable biosensors, implantable cardioverter-defibrillators, implantable drug delivery system and others. On the basis of application, they are segmented as disease treatment and diagnosis, drug release regulation and other. Disease treatment and diagnosis is further segmented into cancer, neurological diseases, cardiovascular diseases and other. And on basis of end user, the market is segmented into hospitals, clinics and research institutions.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of  Nanomedical Devices Market 

Competitive analysis

The major key players in nano medical devices are Stryker Corporation (US), Medtronic (UK), 3M Company (US), St. Jude Medical, Inc. (US), PerkinElmer, Inc. (US), Starkey Hearing Technologies (US), Smith & Nephew plc. (U.K.) and others.

Nano medical device companies are actively engaged in the development of novel products due to increasingly tie ups between Nano medicine startups and leading enterprises. Major companies investing billions in research and development with government support and spreading awareness will grow the market of Nano medical devices in future. Some companies has adopted strategies of acquisitions and strategic alliances for the growth of the market.

3M Company is an American multinational company headquartered in US. Company produces number of medical, dental and orthodontic products. 3M is the global leader in nano medicinal devices. In the year 2016, the sales was reach to $ 1 billion.  Company is trying to introduce new and better products to expand their market and so during last five years they invested billions of money in research and development to expand scientific capabilities.

Medtronic is the largest standalone medical device company headquartered in UK. Company is one of the major players for the market and it is second largest in North America according to the recorded sales in nano medicinal devices. Company is has adopted strategies for acquisitions for the development of market in 2015, company has acquired Covidien and Medina Medical and in 2016 they has announced their acquisition on HeartWare International Inc.

Stryker is globally well known in medicinal technology. Company growth is based on an unparalleled variety of high quality and introduction of innovative products.