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Nanomedicine Market SWOT Analysis, Industry Revenue, Growth Overview, Industry Share And Forecast Till 2033
Nanomedicine Market
The Business Research Company offers in-depth market insights through Nanomedicine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nanomedicine market size has grown rapidly in recent years. It will grow from $292.72 billion in 2023 to $335.25 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to increased understanding of molecular biology, growing incidence of chronic diseases, demand for targeted drug delivery systems, expansion of nanoparticle imaging technologies, growing aging popuation.
The nanomedicine market size is expected to see rapid growth in the next few years. It will grow to $594.63 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to continued growth in nanotechnology research, rising investments in nanomedicine r&d, increasing focus on personalized medicine, expanding applications of nanomedicine in cancer treatment, integration of nanomedicine in infectious disease therapeutics. Major trends in the forecast period include development of multifunctional nanoparticles for therapeutics and imaging, emphasis on nanoparticle-based diagnostics and imaging agents, application of nanomedicine in regenerative medicine, growing use of nanomedicine in targeted therapy for neurological disorders, collaboration and partnerships in nanomedicine research and commercialization.
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Market Segmentation:
The nanomedicine market covered in this report is segmented -
1) By Type: Nanoparticles, Nanoshells, Nanotubes, Nanodevices, Other Types
2) By Modality: Diagnostics, Treatments
3) By Application: Clinical Oncology, Infectious Diseases, Clinical Cardiology, Orthopedics, Other Applications
Major Driver - Nanomedicine Market Growth Fueled By Rising Burden Of Chronic Diseases
The rising burden of complex and chronic diseases across the globe is expected to contribute to the growth of the nanomedicine market in the forecast period. Nanomedicine is increasingly being used in treating chronic diseases including cardiovascular disorders, diabetes, cancer, dementia, and others where it helps in the fast metabolism of drugs in the body. According to the international federation of Alzheimer's Associations, Alzheimer's Disease International, more than 50 million people are suffering from dementia globally, and is projected to double every 20 years, which will reach 80 million by 2030 and 152 million by 2050. The total cancer burden in the world is predicted to rise to 28.4 million new cancer cases in 2040. This increasing burden of chronic diseases is expected to propel the demand for effective therapeutics treatment based on nanomedicine, thus driving the growth of the nanomedicine market.
Competitive Landscape:
Major companies operating in the nanomedicine market report are Pfizer Inc., Ablynx NV, Amgen Inc., Arrowhead Research Inc., Bio-Gate AG, Celgene Corporation, F. Hoffmann-La Roche AG, GE Healthcare, Gilead Sciences Inc., Merck AG, Nanospectra Biosciences, Nanotherapeutics Inc., NanoViricides Inc, Novartis AG, Sanofi S. A., Abraxis Bioscience Inc., Alnylam Pharmaceuticals Inc., Arrowhead Pharmaceuticals Inc., AuraSense Therapeutics LLC, BIND Therapeutics Inc., Camurus AB, Cerulean Pharma Inc., CytImmune Sciences, Fujifilm Holdings, Nanobiosym Inc., Nanobiotix SA, Nanogen Inc., Nanomix Crop., Nanoparticle BioChem Inc., Nanospective Inc., Nanosphere Health Sciences Inc., Nanosys Inc., PerkinElmer Inc., Selecta Biosciences Inc., Sigma-Aldrich Co. LLC
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Top Trend - Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers
Major companies operating in the nanomedicine market are focusing on innovative products such as dynapro zetastar to drive revenues in their market. The novel instrument allows for simultaneous measurements of dynamic and static light scattering as well as dynamic and electrophoretic light scattering (DLS/SLS/ELS). For instance, in September 2023, Waters Corporation, a US-based company that specializes in analytical laboratory instruments and equipment launched dynapro zetastar for nanoparticle analysis. The zetastar instrument helps with the accurate development of complex biologics by combining multiple light scattering techniques, performing adaptive data capture, automatically assessing data quality, and increasing sensitivity and speed of measurements while utilizing incredibly small sample volumes. The zetastar instrument's unique flow cell design makes it possible to connect it with an autosampler, which greatly increases laboratory productivity and efficiency by enabling dozens of unattended measurements that can be carried out for several hours or even overnight .
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nanomedicine Market Characteristics
3. Nanomedicine Market Trends And Strategies
4. Nanomedicine Market - Macro Economic Scenario
5. Nanomedicine Market Size And Growth
…..
27. Nanomedicine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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