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Selbyville, Delaware , Oct. 19, 2022 (GLOBE NEWSWIRE) —
The nanotechnology in medical devices market value is poised to surpass USD 7 billion by 2030, according to a new research report by Global Market Insights Inc.
Prominent developments in the medical devices industry have accelerated the adoption rate of nanotechnology in these devices. Significant usage of nanotech for treating and preventing diseases is likely to drive the industry trends. Changing standards of living, along with rising government focus on strengthening the healthcare sector, are foreseen to amplify product penetration.
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High prices of nanodevices may hamper nanotechnology in medical devices market growth. The commercialization of nanodevices is challenging for manufacturers due to their elevated cost, which is restricting healthcare companies from incorporating nanotechnology in medical devices. However, the increasing government emphasis on fortifying the healthcare infrastructure, as well as improving treatment procedures, is foreseen to enable industry players to overcome this restraint.
Antiviral & antimicrobial attributes to push the demand for dental filling material
The dental filling material segment captured around 25% revenue share in 2021 and is estimated to reach USD 1.8 billion by 2030 due to several benefits of nanotechnology in dental fillings, such as enhancing the bond between dentin & biomaterial, ensuring a large surface area, and exhibiting antimicrobial & antiviral properties, among others. Moreover, numerous advantages viz., cost-effectiveness, timesaving options, ability to avert mental trauma in patients, durability, and so on are stimulating patients’ preference toward nanodentistry.
Browse key industry insights spread across 206 pages with 235 market data tables & 16 figures & charts from the report, “Nanotechnology in Medical Devices Market…
Read on GNW: Nanotechnology in Medical Devices Market to hit USD 7