The global market for healthcare nanotechnology
is expected to reach USD 196.02 billion by 2020 growing at a CAGR of 12.1%,
according to a new study by Grand View Research, Inc. Increasing susceptibility
of patients towards chronic diseases such as cardiovascular, neurological,
oncology and respiratory diseases coupled with increasing R&D spending
opening new application avenues is expected to drive market growth over the
next six years. Other drivers of this market include increasing government and
private sector R&D aid and new players entering the market to bridge the
gap between supply and demand.
Clinical oncology nanotechnology applications dominated
the overall market in 2013, accounting for 35% of total market revenue. Higher
efficacy of nanomaterials and the ability of engineered nanoparticles to cross
through the blood brain barrier provides platform for groundbreaking
innovations through R&D in the field of cancer therapy and serves this
market as a high impact rendering driver.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/healthcare-nanotechology
Further
key findings from the study suggest:
- North America was the largest regional market in 2013, accounting for over 38% of global revenue on account of the extensive investments in research and development of innovative cancer therapies.
- Asia Pacific owing to its improving healthcare infrastructure and healthcare R&D spending is expected to grow at the highest CAGR of over 14.0% from 2014 to 2020. Moreover, emerging markets such as China and India hold a large amount of untapped opportunities and are therefore expected to fuel future market growth.
- Cardiovascular applications are expected to be the fastest growing segment for this market, owing to the growing global prevalence of cardiovascular diseases.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/biotechnology
For the purpose of this study, Grand
View Research has segmented the global healthcare nanotechnology market on the
basis of fields of application and region:
Healthcare
Nanotechnology Application Outlook
• Drug delivery Systems
• Molecular Diagnostics
• Clinical Oncology
• Clinical Neurology
• Clinical Cardiology
• Anti-inflammatory and
Anti-infective applications
Healthcare
Nanotechnology Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
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