The global nanomedicine market size reached US$ 263.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 719.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.79% during 2023-2032.
Nanomedicine refers to specialized multi-functional drugs with programmable properties used for the treatment of diseases and repairing tissues at a molecular level. It involves the use of nanoparticles, nanotubes and nanodevices, such as imaging agents, nanorobots, biochips and polymer therapeutics, for the diagnosis, treatment and prevention of a disorder and analyzing the underlying pathophysiology. The nanoparticles include metal and metal oxides, liposomes and inorganic particles, which are used for transporting the drugs and targeting difficult to reach areas in the body. As a result, nanomedicine finds extensive applications for drug delivery, diagnostic imaging, vaccines, regenerative medicines and implants.
Pharmaceutical manufacturers are using nanorobotic systems and other novel solutions for the effective administration of nanomedicines. Other factors, including improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities in the field of biotechnology, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global nanomedicine market during 2024-2032?
3. What are the key factors driving the global nanomedicine market?
4. What has been the impact of COVID-19 on the global nanomedicine market?
5. What is the breakup of the global nanomedicine market based on the nanomolecule type?
6. What is the breakup of the global nanomedicine market based on the product?
7. What is the breakup of the global nanomedicine market based on the application?
8. What are the key regions in the global nanomedicine market?
9. Who are the key players/companies in the global nanomedicine market?
Nanomedicine refers to specialized multi-functional drugs with programmable properties used for the treatment of diseases and repairing tissues at a molecular level. It involves the use of nanoparticles, nanotubes and nanodevices, such as imaging agents, nanorobots, biochips and polymer therapeutics, for the diagnosis, treatment and prevention of a disorder and analyzing the underlying pathophysiology. The nanoparticles include metal and metal oxides, liposomes and inorganic particles, which are used for transporting the drugs and targeting difficult to reach areas in the body. As a result, nanomedicine finds extensive applications for drug delivery, diagnostic imaging, vaccines, regenerative medicines and implants.
Nanomedicine Market Trends:
The increasing prevalence of chronic medical ailments across the globe is one of the key factors creating a positive outlook for the market. Nanomedicine is highly beneficial in the treatment of oncological, neurological, urological, infectious, ophthalmological, orthopedic, immunological and cardiovascular diseases. In line with this, shifting preference for personalized medicines is also contributing to the growth of the market. Additionally, various technological advancements in the nanoscale technologies for improved diagnostic procedures are acting as other growth-inducing factors.Pharmaceutical manufacturers are using nanorobotic systems and other novel solutions for the effective administration of nanomedicines. Other factors, including improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities in the field of biotechnology, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global nanomedicine market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on nanomolecule type, product and application.Breakup by Nanomolecule Type:
- Nanoparticles
- Metal and Metal Oxide Nanoparticles
- Liposomes
- Polymers and Polymer Drug Conjugates
- Hydrogel Nanoparticles
- Dendrimers
- Inorganic Nanoparticles
- Nanoshells
- Nanotubes
- Nanodevices
Breakup by Product:
- Therapeutics
- Regenerative Medicine
- In-Vitro Diagnostics
- In-Vivo Diagnostics
- Vaccines
Breakup by Application:
- Clinical Oncology
- Infectious Diseases
- Clinical Cardiology
- Orthopedics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Arrowhead Pharmaceuticals Inc., General Electric Company, Luminex Corporation, Merck & Co. Inc., Nanobiotix, Novartis AG, Pfizer Inc., Sanofi SA and Starpharma Holdings Limited.Key Questions Answered in This Report
1. How big is the global nanomedicine market?2. What is the expected growth rate of the global nanomedicine market during 2024-2032?
3. What are the key factors driving the global nanomedicine market?
4. What has been the impact of COVID-19 on the global nanomedicine market?
5. What is the breakup of the global nanomedicine market based on the nanomolecule type?
6. What is the breakup of the global nanomedicine market based on the product?
7. What is the breakup of the global nanomedicine market based on the application?
8. What are the key regions in the global nanomedicine market?
9. Who are the key players/companies in the global nanomedicine market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Nanomedicine Market
6 Market Breakup by Nanomolecule Type
7 Market Breakup by Product
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Abbott Laboratories
- Arrowhead Pharmaceuticals Inc.
- General Electric Company
- Luminex Corporation
- Merck & Co. Inc.
- Nanobiotix
- Novartis AG
- Pfizer Inc.
- Sanofi SA
- Starpharma Holdings Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 263.9 Billion |
| Forecasted Market Value ( USD | $ 719.5 Billion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
