Nanomedicine Market is Estimated to Reach USD 394.12 billion by 2030: Cognitive Market Research

Market Overview:
Nanomedicine refers to the use of nanotechnology in health care. In nanomedicine, Scientists manipulate and engineer atoms and molecules to serve as tiny, very precise tools inside your body. For instance, because it operates on such a small scale, nanomedicine can deliver drugs to your body in a very targeted way.

Summary:
As per the study of CMR, The Global Nanomedicine market size was valued at USD 177.05 billion in 2022 and is expected to reach at USD 394.12 billion in 2030 at a CAGR of 10.98%.

To know more about The Nanomedicine Market statistics click here: https://www.cognitivemarketresearch.com/nanomedicine-market-report

Market Dynamics:
The Rising prevalence of chronic diseases drives the market growth
According to the World Health Organization, noncommunicable illnesses (NCDs) account for 41 million annual fatalities, or 74% of all fatalities worldwide. 17 million individuals worldwide pass away from an NCD before they turn 70 each year; 86% of these untimely deaths take place in low- and middle-income nations. 77% of all NCD fatalities occur in low- and middle-income nations. The majority of NCD deaths, or 17.9 million individuals each year, are caused by cardiovascular diseases, which are followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million including kidney disease deaths caused by diabetes). This raises the need for nanomedicines.

Challenges for the nanomedicine market
Stringent regulation policies and risks associated with nanomedicines can hamper the growth of the market.

Rising investment activities will spur the nanomedicine market growth
Nanomedicines provide significant benefits for broader healthcare, which is also affected by the pandemic and Long-COVID aftereffects on cardiovascular, respiratory, neurological, and immunological diseases. This raises the attention toward nanomedicines. For instance, Europe spent $509 million on 84 research initiatives that were spread across more than 1000 labs and 250 SMEs.

Market Segmentation:
Type:
• Nanoparticles
• Nano Shells
• Nano Tubes
• Nano Devices

Application:
• Therapeutics
• Active Implants
• In-vitro Diagnostics
• Drug Delivery
• In-vivo Imaging
• Implants

Disease Areas:
• Oncology
• Infectious diseases
• Cardiology
• Orthopedics
• Others

Competitive Analysis of Nanomedicine Market: Abbott Laboratories, DiaSorin S.p.A., General Electric Company, Invitae Corporation, Johnson & Johnson, Leadient BioSciences Inc., Mallinckrodt plc, Merck & Co. Inc., Pfizer Inc

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Regional Analysis:
North America dominates the nanomedicine market
This is attributed to the growing partnership between nanomedicine companies, early adopters of technologies, the rising prevalence of chronic diseases, increasing healthcare expenditure, and others. The government also supported nanomedicine research. For instance, The President's 2022 Budget asks for $1.98 billion for the NNI, with continued investment in the fundamental research that will spark the breakthroughs required to progress future industries and tackle global challenges.

Nanomedicine Market Recent News:
In January 2023, Leon-nanodrugs GmbH ("leon") and Evotec SE announced a strategic collaboration and equity investment. Evotec and Leon will collaborate on a few development programs as per the conditions of the agreement, maximizing the efficacy of both clinical and commercial nanomedicines. Leon's proprietary technology aims to offer increased solubility, bioavailability, and stability by suspending active pharmaceutical ingredients ("APIs") in specifically tailored nanoparticles. Evotec will utilize Leon's proprietary technology through the Company's API manufacturing and CMC capabilities. Evotec and Leon will combine their experience in nano-medicine development services to provide clients with world-class, end-to-end opportunities.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Nanomedicine Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Nanomedicine Market Segmentation
1.5.1 Nanomedicine Market Regional Fragmentation
1.5.1 Nanomedicine Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Nanomedicine Market
• 3.1 Global Nanomedicine Market Size 2018 - 2030, (USD Million)
• 3.2 Global Nanomedicine Value, Absolute & Opportunity Analysis
• 3.3 Global Nanomedicine Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Nanomedicine Market Statistics 2022: Snapshot
Chapter 4 Global Nanomedicine Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Nanomedicine Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Nanomedicine Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Nanomedicine Market by Disease areas Segmentation Analysis (2018-2030)
Chapter 12 Global Nanomedicine Market Regional Analysis
Chapter 13 North America Nanomedicine Market Outlook (2018 - 2030)
Chapter 14 Europe Nanomedicine Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Nanomedicine Market Outlook (2018 - 2030)
Chapter 16 Latin America Nanomedicine Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Nanomedicine Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more about The Nanomedicine Market TOC click here: https://www.cognitivemarketresearch.com/nanomedicine-market-report#table_of_contents

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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