Health nanotechnology for the medical equipment market
The healthcare nanotechnology market for medical equipment will experience a 10% CAGR, reaching US $ 9.2 billion between 2022. With medical IoT involving the use of wearable monitors, devices and various applications integrated with regard to health needs, the health vertical is bound to reach unprecedented heights in the coming period. This is what the health care vertical would be in the next 10 years.
Nanotechnology has the potential to transform the healthcare industry, especially in the medical device field in the years to come. The global healthcare nanotechnology market for medical equipment has been growing steadily since 2012.
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Until 2016, this market has experienced gradual growth, however, in the period 2017-2022, this market is expected to experience a robust growth rate.
GE Global Research
Smith & Nephew plc
Thermo Fisher Scientific
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There are many factors behind this tremendous growth of the overall market. The increasing aging of the population, the increasing prevalence of cardiovascular disease, the increasing incidence of diseases related to the ears, bones and other internal organs of the body, medical advancements due to the adoption of ‘Improved technology and increased research spending in the field of nanotechnology coupled with increased government support has spurred the development of the global market for healthcare nanotechnology for medical equipment.
However, some attractive aspects such as higher up-front costs and time-consuming approvals for product launches pose challenges to advancing the market from a global perspective.
A comprehensive research report on “Nano Healthcare Technology for Medical Equipment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)” skillfully compiled by Persistence Market Research focuses on various facets of the global market on the basis of which guidelines can be provided in order to gain competitive advantage as well as stability even under unstable market conditions.
According to this research report, the global healthcare nanotechnology for medical equipment market is expected to grow at a robust CAGR of 9.6% during the forecast period 2017-2022.
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4 Key Insights on Global Nanohealth Technology for Medical Equipment Market
The North America region is expected to experience high market share by the end of 2022. This region dominates the global market in 2016 and this trend is expected to continue during the forecast period. The North America region is the largest and most lucrative region for the growth of the global Healthcare Nano Technology for Medical Equipment market and is expected to register the highest CAGR of 10% over the course of the forecast period.
The Asia-Pacific region excluding Japan (APEJ) is expected to show high potential after North America and is the second fastest growing region. Nanocare technology for medical equipment in the APEJ market is expected to grow at a high CAGR of 9.8% during the period 20170-2022. Europe, in terms of value, is the second largest region due to the development of the healthcare system combined with the growing number of medical device manufacturers adopting nanotechnology in medical equipment and various nanotechnology development programs launched by the government
The implantable materials and biochips segments by product type show promising growth in the coming years. The biochip segment is expected to grow at a high CAGR of 9.6% during the forecast period. The implantable materials segment shows a higher market share in comparison. Active Implantable Devices segment is the fastest growing segment dominating the global market by product type
Therapeutic applications segment by application type is expected to grow at a higher rate to register a CAGR of 9.9% during the forecast period. In 2017, this segment portrays higher market share and is very likely to consolidate its dominance over the forecast period in terms of market share and valuation.
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