Global Nanobiotechnology Market will Reach USD 42.0 Billion by 2021: atozresearch

The report covers forecast and analysis for the nanobiotechnology market on a global and regional level. According to the report, the global nanobiotechnology market was valued at approximately USD 28 billion in 2015 and is expected to reach approximately USD 42 billion by 2021, growing at a CAGR of around 8.5% between 2016 and 2021.The study includes drivers and restraints for the nanobiotechnology market along with the impact they have on the demand over the forecast period.Additionally, the report includes the study of opportunities available in the nanobiotechnology market on a global level.

The major driving factor for the global nanobiotechnology market is rising health awareness among the people and emerging technology. Government initiatives and funding has provided strong boost to nanobiotechnology market in North America and Asia Pacific. Advancement in technology to provide better health services expected to fuel the nanobiotechnology market over the forecast period. However, environmental concern is expected to hamper the growth of nanobiotechnology market. Lack of resources and high technological cost can be barrier for the growth of this industry in emerging and underdeveloped economies. Nonetheless, strong demand from pharmaceutical industry is projected to open up new growth opportunities within the forecast period.

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In order to give the applications of this report a comprehensive view on the nanobiotechnology. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the nanobiotechnology market has also been included. The study encompasses a market attractiveness analysis, wherein service segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.

Based on application, the global nanobiotechnology market has been segmented into drug discovery, drug delivery, diagnostics and others. Diagnostics was accounted for major share of total nanobiotechnology market in 2015 and expected to exhibit significant share within the forecast period. This growth is mainly due to emerging technology in medical sector. Drug delivery is another key outlet of nanobiotechnology market and expected to show strong growth in this market in the near future. Drug discovery is expected to witness significant growth in the years to come.

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In terms of geography, North America was the largest market of nanobiotechnology I in the world due to the advancement in technology. Moreover, nanobiotechnology market has huge opportunity in the emerging markets of Asia Pacific due to increasing population coupled with health awareness among people in this region. Latin America is expected to experience significant growth in the near future.

The study provides a decisive view on the nanobiotechnology market by segmenting the market based on services, applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Key application of nanobiotechnology market covered under this study includes discovery, drug delivery, diagnostics and other. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for nanobiotechnology based on individual applications in all the regions and countries.

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The report also includes detailed profiles of end players such as Calando Pharmaceuticals Inc., Advanced Sensor Technologies, Affymetrix, Gilead Sciences, Applied Nanotech, Advectus Life Sciences, and Elan Pharmaceuticals and others. The detailed description of players includes parameters such as company overview, financial overview, business and recent developments of the company.

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This release was published on openPR.