Press release
Incredible Growth of +22.1% CAGR for Nanopharmaceuticals Market is Thriving Worldwide with Top Players Like Novartis AG, Pfizer, Inc., Hoffmann-La Roche AG, Sanofi S.A, Shire Plc., and Teva Pharmaceuticals Industries Limited, Novavax, Inc., Stryker Corpor
Nanopharmaceuticals
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Similarly, Vivagel developed by Starpharma, is in phase 3 clinical trials, for bacterial vaginosis. Vivagel sale is approved in Europe and Australia. Moreover, increase in incidences of cardiovascular diseases and other diseases, is expected to boost the market growth. According to World Health Organization, factsheet 2017, around 17.9 million deaths were recorded due to cardiovascular diseases in 2016. Cardiovascular diseases was recorded as the leading cause of death, globally.
Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance its product portfolio. For instance, in December 2018, Novartis acquired Endocyte, Inc., involved in developing Radioligland and other therapies for treatment of cancer. This acquisition helped Novartis to strengthen its position in cancer treatment and expand its products offering to align better healthcare.
Increasing prevalence of cardiovascular diseases, cancer, and infectious diseases are major factors driving nanopharmaceuticals market growth. The World Health Organization, factsheet September 2018, estimated around 10 million cases of tuberculosis and around 1.6 million deaths from the disease in 2017. Moreover, advantages of nanopharmaceuticals over macroscopic level medicines is expected to boost the market growth. Nanopharmaceuticals can pass the blood brain barrier and can access the remote areas of brain as well as low solubility of the compound can be developed for enhancing its characteristics.
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Detailed Segmentation:
Global Nanopharmaceuticals Market, By Carrier:
Liposomes
Polymer
Nanocrystals
Inorganic
Protein
Others
Global Nanopharmaceuticals Market, By Application:
Oncology
Neurology
Anti-inflammatory
Anti-infective
Cardiovascular
Others
Global Nanopharmaceuticals Market, By Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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