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Nanomedicine Market is Expected to Reach US$ 177.60 Billion Before the End of 2019
Report Overview @ https://www.transparencymarketresearch.com/nanomedicine-market.html
Major restraints on the global nanomedicine market, as stated in the report, are the high costs associated with the development of effective nanomedicine, along with the overall insufficiency of framework in terms of regulatory guidance.The future of the global nanomedicine market could rely on a growing trend of identifying new applications in nanomedicine, along with its increasing scope of use in emerging economies.
The report provides a segmented analysis of the global nanomedicine market in terms of applications and geography.In terms of applications, the global nanomedicine market was led by the oncology segment in 2012, when it held nearly 38.0% of the market. Oncology holds a high percentage of nanomedicine use in the commercialized sense, allowing it to hold the largest share in the global nanomedicine market. The report, however, states that the oncology segment will lose market share to the cardiovascular segment, which is growing at the fastest rate due to an increasing population of geriatric citizens around the world.
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The regional analysis of the global nanomedicine market provided in the report reveals Asia Pacific to exhibit the fastest CAGR of 14.6% between 2013 and 2019. This region owes its rapid growth rate to the increase in awareness of the benefits of nanomedicine usage in the treatment of chronic diseases. This is more relevant to China and India, where the growing rate of diagnosis of chronic illnesses, coupled with the increase in healthcare expenditure and collaborative efforts, is promoting the use of nanomedicine.
Till 2012, the global nanomedicine market was led by North America owing to the highly advanced infrastructure and services present in the healthcare industry. The report suggests that North America will maintain its dominance over the global nanomedicine market for the given forecast period.
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The key players in the global nanomedicine market are Teva Pharmaceutical Industries Ltd., Sigma-Tau Pharmaceuticals Inc., UCB SA, Nanosphere Inc., Pfizer Inc., GE Healthcare, Merck & Co. Inc., Johnson & Johnson, Mallinckrodt plc, Celgene Corporation, Abbott Laboratories, and CombiMatrix Corp.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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