Nanopharmaceuticals Market will generate new growth opportunities 2021-2028 | Abbott, GlaxoSmithKline and plc., Eli Lilly and Company, Astrazeneca plc.

Market participants should invest more in research and development to help the market flourish. The market's major players are concentrating their efforts on nanopharmaceutical research and development in order to provide novel solutions that answer patients' crucial unmet requirements. According to the December 2017 issue of the P&T Community Journal, DTXSPL8783, a dendrimer for cancer treatment, is being studied in phase 1 clinical trials for patients with advanced cancer. Similarly, Starpharma's Vivagel for bacterial vaginosis is in phase 3 clinical testing. The sale of Vivagel is legal in Europe and Australia. Furthermore, rising prevalence of cardiovascular and other disorders are likely to drive market growth. According to the World Health Organization's 2017 factsheet, 17.9 million fatalities were caused by cardiovascular illnesses in 2016. Cardiovascular diseases was recorded as the leading cause of death, globally.

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To expand their product range, key players in the market are focusing on methods such as mergers and acquisitions. For example, in December 2018, Novartis acquired Endocyte, Inc., involved in developing Radioligland and other therapies for treatment of cancer. Novartis was able to enhance its position in cancer treatment and broaden its product range as a result of this acquisition.

Key Takeaways of the Nanopharmaceuticals Market:

Due to the rising prevalence of cancer, cardiovascular illnesses, infectious diseases, and other disorders, the worldwide nanopharmaceuticals market is predicted to grow at a CAGR of 22.1 percent over the forecast period. In 2018, over 17 million new cancer cases were reported worldwide, according to the Cancer Research UK Factsheet.

In 2018, the liposomes category dominated the nanopharmaceuticals market, owing to increased research and development activities on liposomes as a result of its advantages over other carriers.

In terms of application type, the cardiovascular sector dominated the nanopharmaceuticals market in 2018, as the majority of nanopharmaceuticals are used to treat cardiovascular disorders, which have a high incidence rate.

In 2018, the hospital pharmacy segment dominated the nanopharmaceuticals market among end users, as hospitals record the majority of cases of cardiovascular illnesses and other ailments.

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Nanopharmaceuticals Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Abbott, GlaxoSmithKline and plc., Eli Lilly and Company, Astrazeneca plc., Novavax, Inc., Stryker Corporation, OSI Pharmaceuticals, Kadmon Pharmaceuticals, Samyang Biopharm, Mitsubishi Tanabe Pharma Corporation, Kaken Pharmaceutical, Selecta Biosciences, Par Pharmaceutical, Cerulean Pharma Inc., Navidea Biopharmaceuticals, Inc., AbbVie Inc., AMAG Pharmaceuticals, Amgen Inc., Astellas Pharma Inc., Celgene Corporation, Gilead Sciences, Inc., JOHNSON & JOHNSON, Merck & Co., Inc., Novartis AG, Pfizer, Inc., Hoffmann-La Roche AG, Sanofi S.A, Shire Plc., and Teva Pharmaceuticals Industries Limited.

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