Nanotechnology is expected to potentially transform healthcare industry, especially in the medical devices field in the coming years.
Albany, NY -- (SBWIRE) -- 10/12/2017 -- The global market for Nano healthcare technology for medical equipment has been witnessing a rising growth path since 2012. Till 2016, this market has seen gradual growth, however, during the 2017-2022 period this market is expected to witness a robust growth rate. There are many factors which drive this meteoric growth of the entire market.
The rise in aging population, rising prevalence of cardiovascular diseases, increasing incidence of diseases linked with ear, bone, and other internal organs of the body, medical advancements due to adoption of improved technology and increase in the expenditure on research in the Nanotechnology field coupled with rising government support have spurred the development of the global market for Nano healthcare technology for medical equipment. However, certain pulling aspects such as higher initial costs and time consuming approvals for product launches are posing challenges to the advancement of the market from a global standpoint.
An exhaustive research report on "Nano Healthcare Technology for Medical Equipment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)" skilfully crafted by Persistence Market Research focuses on various facets of the global market based on which guidelines can be slated with a view to achieve an edge over the competition as well as stability even in the unstable market conditions. According to this research report, the global market Nano healthcare technology for medical equipment is expected to expand at a robust CAGR of 9.6% during the period of forecast 2017-2022.
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4 Key Insights on Global Nano Healthcare Technology for Medical Equipment Market
North America region is expected to witness high market share by 2022 end. This region lead the global market in 2016 and this trend is poised to continue over the forecast period. North America region is the largest and highly lucrative region for the growth of the global market for Nano healthcare technology for medical equipment and is expected to register the highest CAGR of 10% during the period of forecast.
Asia-Pacific excluding Japan (APEJ) region is expected to show high potential after North America and is the second fastest growing region. Nano healthcare technology for medical equipment in APEJ market is expected to expand at a high 9.8% CAGR during 20170-2022. Europe, in terms of value is the second largest region owing to development in the healthcare system combined with increasing number medical device manufacturers adopting Nanotechnology in medical equipment and various programs for development of nanotechnology started by government.
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Implantable material and biochips segments by product type show promising growth in the coming years. Biochips segment is expected to rise at a high CAGR of 9.6% during the period of forecast. The implantable materials segment show higher market share comparatively. The 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 pace to register a CAGR of 9.9% during the period of forecast. In 2017, this segment portrayed higher market share and is highly likely to cement its dominance during the forecast period in terms of market share and valuation.
The exhaustive research report on global Nano healthcare technology for medical equipment market has detailed analysis on the various key players involved in this market. Key companies such as Thermo Fisher Scientific Inc., Stryker Corporation, Smith & Nephew Plc., PerkinElmer, Inc., Merck KGaA, GE Global Research, Ferro Corp, AstraZeneca Plc., Abbott Laboratories and 3M Company are profiled in this research study.
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