Nanotechnology Services Global Market Report 2024 - By Trends, Share, Demand, Report, Outlook By 2033

The nanotechnology services market size has grown strongly in recent years. It will grow from $190.13 billion in 2023 to $205.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to r&d investments, government initiatives, environmental concerns, electronics miniaturization, medical innovations.

The nanotechnology services market size is expected to see strong growth in the next few years. It will grow to $291.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to ai and nanotech integration, healthcare revolution, energy and environmental applications, nanotechnology in electronics, sustainable nanomaterials. Major trends in the forecast period include nanomedicine and drug delivery, nanocomposites in manufacturing, nanotechnology in agriculture, sensors and iot integration, nanotech-enabled consumer products.

Market Overview -
Nanotechnology is the area of science and engineering concerned with designing, manufacturing, and deploying structures, devices, and systems by manipulating atoms and molecules at the nanoscale. Nanotechnology can provide significant advantages in terms of its application in emergency viral diseases, where phenomena that take place at dimensions in the nanometre scale are utilised in the design, characterisation, production and application of materials, structures, devices and systems.

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Government And Corporate Investments Fuelling Growth In The Nanotechnology Services Market
The rise in investments from governments and companies in the field of nanotechnology has contributed to the growth of the nanotechnology services market. For instance, the investments under the National Nanotechnology Initiative (NNI) in US, a President's 2021 Budget requested over $1.7 billion for the National Nanotechnology Initiative. Similarly, in 2020, National Institutes of Health (NIH), invested around $445 million in nanomedicine. The portal, invest in Nano, debuted with a 2020 programme that would kick off a mission to connect breakthrough nanotechnology companies with investors. The rise in investments from governments and companies in the field of nanotechnology drove the growth of the nanotechnology services market.

Competitive Landscape -
Major companies operating in the nanotechnology services market include AdvanceTEC LLC, Abbie Gregg Inc., BREC Solutions Limited, Cambridge Innovation Consulting Limited, EMC Service Inc., Foley & Lardner LLP, HDR Inc., Ike Scientific Corporation, Innovationsgesellschaft mbH, Intelligent Enclosures Inc., Kilopico LLC, M+W Group GmbH, Malsch TechnoValuation GmbH, Nanotech Plus LLC, NanoTEN LLC, Porter Wright Morris & Arthur LLP, Research Facilities Design Inc., The Microscopy & Imaging Place Inc., Yole Développement SA, Nanonics Imaging Ltd., DuPont de Nemours Inc., Arkema S.A., DUST Identity Inc., Hummingbird Scientific Pvt Ltd., actnano Inc., Voyant Photonics Inc., It's Nanoed Inc., LakeHawk Technologies Inc., eLux Medical Inc., 4wave Inc.

Nanotechnology Services Market'S Focus On Healthcare Innovations
The companies in the nanotechnology services market are focusing on its increasing application in the healthcare industry. Nanotechnology services can be used to innovate new generation of diagnostic and therapeutic modalities for important diseases. For example, in January 2023, ENTOD Pharmaceuticals, an India based pharmaceutical company, launched its new ocular aesthetic range focused on improving eye comfort and enhancing the aesthetics of the eyes. The Eyecirque range consists of the nanotechnology-based gel serum, under-eye skin brightening and anti-ageing tablets, lubricating eye drops and essential eye supplements.

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Key Segments -
The nanotechnology services market covered in this report is segmented -
1) By Service: Research And Development, Information Tracking, Technology Scouting, Standardisation, Regulation Briefings, Other Services
2) By Application: Pharmaceuticals, Medical Equipment, Food and Beverages, IT, Other Applications
3) By Provider: Large Enterprise, Small and Medium Enterprise

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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