Million Insights
Market Research Released A New Research Report On Global Nanomedicine Market -
Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
USA: November 5, 2019-
Nanomedicine Market size was worth
USD 138.9 billion in 2016 which is anticipated to grow at a CAGR of more than
9.8% during the forecast period. Factors such as technological advancements
along with significant applications in the prophylaxis of acute and chronic
diseases, prevention intervention, and early disease diagnosis are accountable
for progress of this industry. Miniaturization of bigger chemicals and
structures at nanometric scale enables the modernization in drug administration
thus leading to growth in nanotechnology market for healthcare industry.
Advancements in nanorobotics due to the escalation in
funding from the government bodies are accountable to persuade potential to the
nanomedicine market. Moreover, nanorobotics engineering projects which are
targeting only the cancer cells without affecting the contiguous tissues is
expected to promote progress through to 2025.
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Nanotechnology is a promising technology which delivers
drugs at the site of action with an enhanced cellular penetration and reduced
toxicity. The aforementioned fact, is supportive for the estimated share of
therapeutics segment. Moreover, development of innovative delivery products by
using various kinds of nanoparticles is anticipated to boost the market growth.
Application Insights
Based on application, the segment incorporates cardiology,
infectious diseases, oncology, and other applications. In 2016, oncology
segment dominated with approximately 47% revenue share.
Rise in the R&D and funding activities in this segment
is attributive for the larger share of this segment. Moreover, continuous
increase in the incidence of oncology diseases is attributive for the
development of nanotechnology based products for cancer eradication.
Cardiology is expected to witness fastest growth as a result
of higher demand in the projected period due to several opportunities such as
implants for tissue regeneration, nanostructured stents, and therapeutic
nano-vectors.
Nanomolecule Type
Insights
The capability of nanoparticles to get linked with the
chemical moieties in different forms such as scaffolds aids in performing
different functions. Moreover, application of nanoparticles for active
targeting by linking it to cell receptor’s ligands is expected to drive
progress potentially nanotechnology.
Dendrimers and the inorganic nanoparticles are also
anticipated to grow at a potential rate in the coming years as consequence of
research carried out in these segments. Furthermore, rising inclination of
physicians towards nanodevices for monitoring and prognosis is anticipated to
boost demand in the coming years.
Regional Insights
The nanomedicine market was dominated by North America with
over 42% of revenue share due to escalating partnerships between nanomedicine
startups and enterprises. Moreover, assistance from government organizations
along with higher R&D expenditure is accountable for the largest share of
the province in this sector.
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Report visit @ https://www.millioninsights.com/industry-reports/nanomedicine-market
Market Segment:
Product Outlook (Revenue, USD Billion; 2013 - 2025)
• Therapeutics
• Regenerative medicine
• In-vitro diagnostics
• In-vivo diagnostics
• Vaccines
Application Outlook (Revenue, USD Billion; 2013 - 2025)
• Clinical Oncology
• Infectious diseases
• Clinical Cardiology
• Orthopedics
• Others
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