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Piezoelectric Actuator Market to Reach US$ 1 Bn Value by 2030 At present, the high demand for piezoelectric actuators to manufacture different types of medical equipment and devices is a major factor that is expected to aid the growth of the global piezoelectric actuator market. In addition, as the newly developed piezoelectric materials are biodegradable in nature and are relatively safer than lead-based piezoelectric materials, the need for invasive implant extraction is eliminated.