Global nanoengineered
prosthetics market is anticipated to rise at a higher CAGR in the forecast
period owing to continuous development in medical science comprising more than
5000 different types of products widely ranging from microelectronics to
microbiology.
Nanotechnology is expected to
become the transformational technology and is therefore coupled with other
emerging technologies. It is also considered to enable the advancement of
increasingly new concepts in medical device technology. For example, many of
the metal alloys are fundamentally used in prosthetic implants which were
deployed in aircraft industry earlier. However, more emphasis is now being laid
upon specific novel material concepts that result into enormous impact on
healthcare and are widely used in prosthetics and drug delivery.
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Nanocomposites ensure a bright
future in medical field and rapid advances have demonstrated the potential of
ceramic nanocomposites. With only a reduction in size an adequate
microstructural design and no change in substance, nanocomposites exhibits new
properties namely higher strength, wear resistance, fatigue resistance,
durability, and greater reactivity characteristics that the same substances
never exhibit in micro or macro sales. Overall, the market growth for nano
engineered prosthetics is expected to gain a positive traction during the
forecast period.
Nano engineered prosthetics industry
is driven by factors such as rising incidences of accidents. Nanoengineered
prosthetics industry is segmented into defense, pharma & healthcare, food,
energy and biomedical.
Nano engineered prosthetics
industry geographically spans North America, Latin America, Asia-Pacific,
Europe, Middle-East & Africa. North America dominates the market in the
forecast period. Europe is expected to follow the trend in the forecast period
owing to rising geriatric population needing special medical services. APAC
regions are also expected to gain a positive traction in the forecast period
owing to extensive R&D in nanotechnology coupled with medical field.
Middle-East and African regions are expected to gain a low CAGR growth in the
forecast period owing to developing infrastructure and availability of less
medical services.
The key players in the nano
engineered prosthetics industry include Advanced Nano Products Co Ltd, Advanced
Diamond Technologies Inc, Arrowhead Pharmaceuticals Inc, Bruker Corporation,
eSpin Technologies Inc, ELITech Group, Genefluids Inc, Hanwha Nanotech
Corporation, Integram Technologies Inc, Hyperion Catalysis International Inc,
Intrinsiq Materials Ltd, Luxtera Inc, Nanocyl S.A, NanoMaterial Ltd., Nanosys
Inc, QuantumSphere Inc, Raymor Industries Inc, Rogue Valley, Shenzhen Nanotech
Port Co Ltd, Star pharma Holdings, Teledyne Scientific & Imaging LLC, and
Unidym Inc.
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