PUBLISHER: The Business Research Company | PRODUCT CODE: 1670332
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670332
Nanotechnology-based medical devices encompass medical instruments developed using nanotechnology, ensuring their safety for internal use. These innovations find applications in advanced imaging, novel methodologies, pharmaceuticals, biomedical implants, and tissue engineering.
Key product categories within nanotechnology-based medical devices include active implantable devices, biochips, implantable materials, medical textiles, and wound dressings, among others. Biochips, in this context, denote sophisticated computer logic circuits or storage systems designed to process information through the physical or chemical attributes of large biological molecules, such as proteins. These biochips are utilized across therapeutic, diagnostic, and research applications, catering to diverse end-users such as hospitals, clinics, and other healthcare facilities.
The nanotechnology-based medical devices market research report is one of a series of new reports from The Business Research Company that provides nanotechnology-based medical devices market statistics, including nanotechnology-based medical devices industry global market size, regional shares, competitors with a nanotechnology-based medical devices market share, detailed nanotechnology-based medical devices market segments, market trends and opportunities, and any further data you may need to thrive in the nanotechnology-based medical devices industry. This nanotechnology-based medical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nanotechnology-based medical devices market size has grown exponentially in recent years. It will grow from $3.62 billion in 2024 to $4.91 billion in 2025 at a compound annual growth rate (CAGR) of 35.6%. The growth in the historic period can be attributed to the miniaturization of devices, advancements in materials science, improved diagnostics, enhanced imaging techniques, and 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 $17.09 billion in 2029 at a compound annual growth rate (CAGR) of 36.6%. The growth in the forecast period can be attributed to an increase in chronic disease burden, enhanced drug delivery systems, telemedicine expansion, rise in minimally invasive procedures, and 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, and environmentally sustainable nanotech.
The anticipated growth in the nanotechnology-based medical device market is expected to be driven by the increasing prevalence of chronic diseases. Chronic diseases, lasting a year or longer and requiring ongoing medical care, are a significant global health concern. Nanotechnology-based medical devices play a crucial role in the diagnosis and treatment of chronic diseases, offering enhanced optical strength, antibacterial and antimicrobial activities, improved bioavailability, surface conjugation, and biocompatibility. As of September 2022, the World Health Organization reported that 74% of the 41 million annual deaths worldwide were attributed to non-communicable diseases (NCDs) or chronic diseases. Notably, cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes collectively accounted for a substantial portion of these deaths, underscoring the critical role of nanotechnology-based medical devices in addressing this growing health challenge.
The growing adoption of personalized medicine is expected to drive the growth of the nanotechnology-based medical device market in the future. Personalized medicine represents an innovative healthcare approach that tailors medical treatments and interventions to the unique characteristics of each patient. Nanotechnology-based medical devices play a significant role in personalized medicine by providing precise tools for diagnostics, drug delivery, and treatment customization at the molecular level. These devices enable targeted therapies, improve imaging for personalized diagnostics, and support the development of biomaterials specifically designed for individual patient needs, thereby promoting more effective and patient-specific healthcare interventions. For instance, in February 2024, the Personalised Medicine Coalition, a US-based hospital and healthcare organization, reported that the FDA approved 16 new personalized treatments for rare disease patients in 2023, a significant increase from six in 2022. Thus, the rising adoption of personalized medicine is fueling the growth of the nanotechnology-based medical device market.
Product innovation is emerging as a pivotal trend in the nanotechnology-based medical device market, with key players strategically focusing on developing inventive products to fortify their market positions. For instance, in January 2023, Ended Pharmaceuticals, an Indian pharmaceutical company, collaborated with Nonskin London, a UK-based cosmetic research laboratory, to introduce a nanotechnology-based eye gel serum named Eyecare. This product features a nanotechnology-based bio-cellular formula, incorporating safety-tested, scientifically validated, and thoughtfully selected natural ingredients.
Major companies in the nanotechnology-based medical device market are actively engaging in partnerships to cultivate novel products and enhance their market presence. Collaborations and partnerships in this market drive innovation, harness diverse expertise, and expedite the development and commercialization of advanced healthcare solutions by synergistically combining resources and knowledge. In July 2022, Promimic AB, a Swedish biomaterial company, partnered with Danco Medical, a US-based medical services company, to establish Nano Processing, Inc. (NPI), a joint venture focused on advancing the processing of HAnano Surface-treated medical implants in the US market. This collaboration capitalizes on Promimic's HAnano Surface technology for improved osseointegration, with NPI operating within Danco Medical's facility in Warsaw, Indiana, to elevate service levels and address the evolving needs of the orthopedic and dental implant market in the United States.
In September 2022, Second Sight Medical Products, a US-based developer of implantable visual prosthetics, merged with Nano Precision Medical for an undisclosed amount. This merger aims to leverage advanced implantable drug delivery technologies to enhance treatment options for chronic diseases, particularly Type 2 diabetes. This strategic partnership will enable the company to drive growth and improve patient outcomes through its advanced range of miniaturized drug implants. Nano Precision Medical is a US-based pharmaceutical company specializing in the development of nanotechnology-based medical devices.
Major companies operating in the nanotechnology-based medical devices market include Johnson & Johnson, General Electric Company, Thermo Fisher Scientific Inc., Abbott Laboratories, 3M Company, Medtronic PLC, Stryker Corporation, DuPont de Nemours Inc., Boston Scientific Corporation, Arkema Group, Zimmer Biomet, Smith And Nephew PLC, Sonova Holding AG, Dentsply Sirona Inc., Perkinelmer Inc., Bruker Corporation, Biotrinik SE & Co. KG, LivaNova Plc, MED-EL, Keystone Nano, Nanonics Imaging Ltd., Imina Technologies SA, Hummingbird Scientific, Blueberry Therapeutics, Cello Therapeutics
North America was the largest region in the nanotechnology-based medical devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanotechnology-based medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the nanotechnology-based medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The nanotechnology-based medical devices market consists of sales of nanorobots, nanochips, and nano implants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nanotechnology-Based Medical Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nanotechnology-based medical devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nanotechnology-based medical devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nanotechnology-based medical devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.