New Nanoengineered Prosthetics Market Research Outlook, Trends and Key Companies Forecast to 2021

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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