Press release
Global Nanomedicine Market Projected to Surpass $690.96 Billion by 2029 with 0.161809597889627% Annual Growth
Nanomedicine Market
The escalating incidence of complex and long-term illnesses worldwide is projected to aid the growth of the nanomedicine market within the anticipated timeline. There is an increasing application of nanomedicine for the treatment of chronic conditions such as cardiovascular diseases, diabetes, cancer, dementia, and more, where it aids in the swift metabolism of drugs within the body. For example, from data gathered by the Alzheimer's Disease International federation, over 50 million individuals globally are struggling with dementia, a figure that is expected to double every two decades, hitting 80 million by 2030, and 152 million by 2050. Moreover, cancer cases worldwide are predicted to surge to 28.4 million new cases in 2040. Such growth in chronic disease instances is anticipated to boost the need for effective therapeutics predicated on nanomedicine, thereby fueling the expansion of the nanomedicine market.
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What growth opportunities are expected to drive the nanomedicine market's CAGR through 2034?
In the past few years, there has been a significant expansion in the nanomedicine market size. It is projected to escalate from $331.61 billion in 2024 to $379.24 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.4%. Factors contributing to the growth during the historic period include an enhanced knowledge of molecular biology, a rising rate of chronic diseases, an increasing need for targeted drug delivery systems, advancements in nanoparticle imaging technologies, and a growing aging population.
In the coming years, a swift expansion is anticipated for the nanomedicine market. Its value is projected to reach $690.96 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 16.2%. This growth during the forecast period can be credited to the sustained progress in nanotechnology research, the upsurge in nanomedicine research and development funding, an accentuating attention towards personalized medicine, and the broadening array of nanomedicine applications in cancer care, alongside its integration into infectious disease treatments. Important trends for this forecast period encompass the creation of multifunctional nanoparticles for therapeutics and imaging, a focus on nanoparticle-based diagnostics and imaging agents, the utilization of nanomedicine in regenerative medicine and its increasing usage in targeted therapy for neurological conditions. Collaborative efforts and partnerships in nanomedicine research and its commercialization also stand as noteworthy trends.
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What are the emerging trends shaping the future of the nanomedicine market?
Leading firms in the nanomedicine market are enhancing their revenues by focusing on innovative offerings like the dynapro zetastar. This advanced tool facilitates concurrent measurements of static, dynamic, and electrophoretic light scattering (DLS/SLS/ELS). For example, Waters Corporation, an American firm known for its analytical laboratory instruments and equipment, introduced the dynapro zetastar for nanoparticle analysis in September 2023. This zetastar instrument boosts the precise development of intricate biologics as it merges diverse light scattering methods, performs adaptable data capture, automatically evaluates data quality, and augments sensitivity and speed of measurements while using remarkably small sample volumes. The unique flow cell design of the zetastar instrument enables it to pair up with an autosampler, significantly elevating laboratory productivity and efficiency as it triggers numerous unattended measurements which can be conducted over several hours or even an entire night.
Which growth-oriented segments of the nanomedicine market are leading the industry's development?
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
Subsegments:
1) By Nanoparticles: Lipid-Based Nanoparticles, Polymeric Nanoparticles, Metallic Nanoparticles, Ceramic Nanoparticles
2) By Nanoshells: Gold Nanoshells, Silver Nanoshells, Silica Nanoshells
3) By Nanotubes: Carbon Nanotubes (CNTs), Polymer Nanotubes
4) By Nanodevices: Nanosensors, Nanorobots, Nanoscale Imaging Devices
5) By Other Types: Dendrimers, Quantum Dots, Nanocarriers
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What regions are leading the charge in the nanomedicine market?
North America was the largest region in the nanomedicine market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomedicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the nanomedicine market?
Major companies operating in the nanomedicine market include 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., Nanoparticle BioChem Inc., Nanospective Inc., Nanosphere Health Sciences Inc., Nanosys Inc., PerkinElmer Inc., Selecta Biosciences Inc.
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What Is Covered In The Nanomedicine Global Market Report?
•Market Size Forecast: Examine the nanomedicine market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the nanomedicine market for a structured understanding.
•Key Players Overview: Analyze major players in the nanomedicine market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nanomedicine market.
•Segment Contributions: Evaluate how different segments drive overall growth in the nanomedicine market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nanomedicine market.
•Industry Challenges: Identify potential risks and obstacles affecting the nanomedicine market.
•Competitive Landscape: Review strategic developments in the nanomedicine market, including expansions, agreements, and new product launches.
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