Nanotechnology is the science of materials at the subatomic or molecular level, which involves use of nanoparticles-particles smaller than 100 nanometers. Nanoparticles have potential applications in the field of healthcare sector, such as imaging agents in imaging methods, new diagnostic tools, bio-implants, tissue engineering, pharmaceuticals, and targeted drug delivery. Currently, nanoparticles are widely used for the targeted drug delivery treatments due to their larger surface to volume ratio responsible for higher amounts of drug loading as compared to that of the macro- and micro-size particles. The advancements in nanotechnology can help improve the health of the population by early diagnosis and screening of the diseases, effective drug delivery mechanisms, and health monitoring. Nanotechnology-driven healthcare services accentuate more on preventative healthcare management within the masses and detect the physical risks and pathogens long before the doctors or patients could have, by using the traditional approaches and examinations.
At present, cancer is one of the majorly targeted disease wherein nanotechnology has contributed to a greater extent. The U.S. Food and Drug Administration (FDA) has already approved the first generation of cancer drugs delivered through the nanoparticles. Also, nanotechnology scientists can now diagnose malaria with the help of fluorescent quantum dots by targeting the protein that results in a mesh formation in the blood cells. Thus, nanotechnology is expected to help reduce the risks and the side-effects associated with a treatment as it is more reliable, concise, and the biological sample required for the treatment is minimum, thereby maximizing the therapeutic effect of the same.
Rise in incidences of cardiovascular diseases, orthopedic diseases, and chronic diseases such as obesity, cancer, kidney disorder, diabetes; growth in geriatric population; increase in awareness of nanomedicine and its applications for treatment of various diseases are the factors that drive the growth of the healthcare nanotechnology market. Moreover, higher unmet medical needs and increase in research funding of nanotechnology in healthcare sector have subsequently contributed toward the growth of the healthcare nanotechnology market. However, stringent regulations & time-consuming approvals and high costs associated with nanotechnology-based medical devices hinder the growth of the healthcare nanotechnology market across the globe. Also, the development of newer nanomedicines require a considerable time. This limits the growth of the healthcare nanotechnology market.
The healthcare nanotechnology market is segmented based on the disease type, application, and region. Based on disease type, the market is classified into cardiovascular diseases, oncological diseases, neurological diseases, orthopedic diseases, infectious diseases, and other diseases. Based on application, the healthcare nanotechnology market is divided into drug delivery, biomaterials, active implants, diagnostic imaging, tissue regeneration, and other applications. Based on region, the healthcare nanotechnology market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
Some of the major players operating in the healthcare nanotechnology market include Johnson & Johnson, Sanofi SA, Abbott Laboratories, Celgene Corporation, Pfizer Inc., Luminex Corporation, Leadiant Biosciences, Inc., Merck & Company, Inc., Taiwan Liposome Company Ltd., GE Healthcare, UCB (Union Chimique Belge) S.A., Teva Pharmaceutical Industries Ltd., and Mallinckrodt plc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a detailed quantitative analysis of the current trends and forecast from 2018 to 2025, which assists to identify the prevailing healthcare nanotechnology market opportunities.
- An in-depth analysis includes analysis of various regions. This is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- Region-wise and country-wise conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2018 to 2025 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of global market.
KEY MARKET SEGMENTS
- Cardiovascular Diseases
- Oncological Diseases
- Neurological Diseases
- Orthopedic Diseases
- Infectious Diseases
- Other Diseases
- Drug Delivery
- Active Implants
- Diagnostic Imaging
- Tissue Regeneration
- Other Applications
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA