Press release
Nano Therapy Market 2018 Top Player - Smith and Nephew, Nanobiotix, Nanoprobes, Nanosphere Inc and Analysis to 2023
The Global Nanotherapy Market is expected to grow at a CAGR of 8.2% during the forecasted period 2017-2023.
The key driving factors for the growth of nanotherapy market are increasing the prevalence of diseases such as diabetes and cancer, rising demand for the better treatment option, and increasing healthcare expenditure. Furthermore, government support for research and continuous improvement in healthcare infrastructure boost the market. However, higher cost of treatment and strict regulatory norms may restrain the growth of the global nanotherapy market.
Nanotechnology has the ability to improve the drug solubility, stability, 1/2-lives, and performance of the treatment. Nano therapy is a current approach for treatment of various illnesses and completed with the help of submicron sized molecular devices or nanoparticles. Nanotechnology offers the possibility to enhance drug dissolvability and energy, drag out remedy half of-lives in plasma, decrease off course influences, and accumulate tablets at an objective website.
This technology is characterized as submicron estimated atomic gadgets or nanoparticles prevalently running from 5 to 500 nm in one dimension. Generous past exploration exertion has brought about techniques to fuse helpful operators into biocompatible Nano devices including polymer nanoparticles, liposomes, micelle frameworks, inorganic nanoparticles, nanotubes, and dendrites.
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Competitive Analysis
Some of the key players in the global nanotherapy market: Smith and Nephew (UK), Selecta Biosciences, Inc. (US), Sirnaomics, Inc. (US), Tarveda Therapeutics (US), DIM (US), Cristal Therapeutics (thr Netherland), CytImmune Science, Inc. (US), Luna (US), NanoBio Corporation (US), NanoBioMagnetics.n.nu (US), Nanobiotix (France), Nanoprobes, Inc. (US), Parvus Therapeutics (US), Nanospectra Biosciences, Inc (US), Nanosphere Inc. (US), NanoMedia Solutions Inc. (Japan).
Many companies are actively engaged in the development of novel products due to increasingly tie ups between nano medicine startups and leading enterprises. Major companies are investing billions in research and development with the help of government support and trying to introduce new devices and therapy in the market, which will grow the market for the nanotherapy in future. Some companies are focusing on acquisitions and strategic alliances for the growth of the market.
Smith and Nephew, headquartered in London, United Kingdom, is a multinational medical equipment manufacturing company. The company is majorly focused on the development of new products and has launched the silver nano crystals (Acticoat), which is antimicrobial wound dressings.
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Parvus Therapeutics, a Canadian healthcare company, is focusing on development for better treatment for autoimmune diseases. The company has launched, nanoparticles designed to fight autoimmune diseases. In April 2017, the company announced its collaboration with Novartis AG for the development of the new drug for the treatment of type 1 diabetes.
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