The Nanotechnology-Based Medical Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


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According to The Business Research Company’s Nanotechnology-Based Medical Devices Global Market Report 2024, The nanotechnology-based medical devices market size has grown exponentially in recent years. It will grow from $2.69 billion in 2023 to $3.65 billion in 2024 at a compound annual growth rate (CAGR) of 35.9%. The growth in the historic period can be attributed to miniaturization of devices, advancements in materials science, improved diagnostics, enhanced imaging techniques, personalized medicine development.

The nanotechnology-based medical devices market size is expected to see exponential growth in the next few years. It will grow to $12.44 billion in 2028 at a compound annual growth rate (CAGR) of 35.8%. The growth in the forecast period can be attributed to increase in chronic disease burden, enhanced drug delivery systems, telemedicine expansion, rise in minimally invasive procedures, focus on point-of-care devices. Major trends in the forecast period include implantable nanosystems, nano-enabled tissue engineering, nanoparticle imaging contrast agents, 3d printing with nanomaterials, environmentally sustainable nanotech.

The increasing prevalence of chronic diseases is expected to propel the growth of the nanotechnology-based medical device market going forward. Chronic diseases are defined as problems that last for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. Nanotechnology-based medical devices are used to diagnose and treat chronic diseases with increased optical strength, antibacterial and antimicrobial activities, bioavailability, surface conjugation, and biocompatibility. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the increasing prevalence of chronic diseases drives the nanotechnology-based medical device market.

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The nanotechnology-based medical devices market covered in this report is segmented –

1) By Product: Active Implantable Devices, Biochips, Implantable Materials, Medical Textiles And Wound Dressings, Other Products
2) By Application: Therapeutic Applications, Diagnostic Applications, Research Applications
3) By End-Users: Hospitals, Clinics, Other End-Users

Product innovation has emerged as a key trend gaining popularity in the nanotechnology-based medical device market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in January 2023, Ended Pharmaceuticals, an India-based pharmaceutical company, in collaboration with Nonskin London, a UK-based cosmetic research laboratory, developed a nanotechnology-based eye gel serum under the brand name Eyecare. These products are nanotechnology-based gel serum with its nanotechnology-based bio-cellular formula that contains safety-tested, scientifically validated, and carefully curated natural ingredients.

The nanotechnology-based medical devices market report table of contents includes:

1. Executive Summary
2. Nanotechnology-Based Medical Devices Market Characteristics
3. Nanotechnology-Based Medical Devices Market Trends And Strategies
4. Nanotechnology-Based Medical Devices Market - Macro Economic Scenario
5. Global Nanotechnology-Based Medical Devices Market Size and Growth
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32. Global Nanotechnology-Based Medical Devices Market Competitive Benchmarking
33. Global Nanotechnology-Based Medical Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nanotechnology-Based Medical Devices Market
35. Nanotechnology-Based Medical Devices Market Future Outlook and Potential Analysis
36. Appendix

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