Nanotechnology in Medical Devices Market | Exactitude Consultancy Reports
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Nanotechnology in Medical Devices Market Overview
The global nanotechnology in medical devices market size was valued at USD 2.89 billion in 2020, and projected to reach USD 7.26 billion by 2029, with a CAGR of 10.78% from 2021 to 2029.
Nanotechnology in medical devices is a growing field with immense potential. This technology involves the integration of specific atoms, molecules, or compounds into structures in order to create materials and devices with unique properties. Nanorobots can carry out cellular level repairs using this technology. Nanotechnology is being used to create new medical devices such as diagnostics, implantable devices, stents, and catheters. Nanotechnology can be used in a variety of applications, including bioassays, monitoring devices, and imaging devices. Because of the increasing adoption of innovative technological advancement, the potential for the nanotechnology market in medical devices is growing.
Segment Analysis
The market has been segmented by product into implantable medical devices, wound care, dental filling material, and others. Due to the high strength of nanomaterials used in dental fillings, the dental filling material segment is expected to capture a significant revenue share by 2030. The materials improve the bond between dentin and biomaterials, making them more effective than conventional materials.
The nanotechnology in medical devices market is divided into hospitals, clinics, and others based on end-use. As a result of rising admissions and target indications such as oral issues, orthopedic diseases, hearing loss, and expanding disease screening initiatives, the hospitals segment is expected to exceed USD 3.7 billion by 2030. Furthermore, the availability of highly skilled healthcare professionals is driving industry trends.
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