Global Nanotechnology-based Medical Devices Market Worth $8.5 billion by 2019 with Emerging Applications - MarketsandMarkets
(PRWEB) April 04, 2015 -- This report expects the nanotechnology in medical devices market to grow at a healthy CAGR by 2019. According to the report, rising demand from emerging markets and technological advancements are expected to dominate this market in future.
According to MarketsandMarkets, Nanotechnology in Medical Devices Market is expected to become worth $8.5 billion by the end of 2019. It estimates the growth drivers and revenue forecasts for the global market and its key players.
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Explore nanotechnology-based medical devices market through detailed TOC and market data tables.
According to the report, the nanotechnology-based medical devices market is expected to continue witnessing growth that it witnessed in the past. Rising number of aging population and strong support from the governments and authoritative bodies from around the world are expected to influence the growth of this market during near future. As per the report, lengthy product approval procedures and high costs of the products are expected to be the major restraining factors for the global market.
MarketsandMarkets segments the global nanotechnology-based medical devices market based on the types of products and their applications. It also provides details about the growth trends for the key players and products in the market on the basis of the major geographic regions. According to their report, the active implantable devices segment is estimated to hold the biggest share in the global industry. Growth in age-related disorders and advancing technologies are expected to help this segment maintain its influence over the global market.
The report expects North America to hold the largest share in the global nanotechnology in medical devices market, which will be followed by Europe. It expects Asia-Pacific region to emerge as the fastest-growing geographic region in the industry. Rising nanotechnology R&D expenditure and population explosion are expected to drive the industry in the emerging markets.
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