The Nanomedicine Market Size was valued at USD 170.47 billion in 2022, and is expected to reach USD 431.21 billion by 2030 and grow at a CAGR of 12.3% over the forecast period 2023-2030.
The area of medicine known as nanomedicine uses nanotechnology to treat and prevent disease. In order to diagnose, deliver, sense, or operate upon a living creature, nanomedicine uses nanoscale materials like biocompatible nanoparticles and nanorobots.
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Due to their small size, nanomaterials have unique physicochemical features that set them apart from their bulk chemical counterparts. These characteristics significantly improve a number of chances for medication development. The physicochemical characteristics of the nanoformulation have the potential to more easily cross biological barriers, have toxic properties, and have persistence in the environment and the human body. These properties can change pharmacokinetics, like absorption, elimination, metabolism and distribution.
Top-down and bottom-down strategies are used in the pharmaceutical manufacture of nanomaterials. A large substance is broken down into one or more smaller bits using mechanical or chemical energy in the top-down process. On the other hand, the bottom-up method begins with atomic or molecular species that enable precursor particles to grow in size through chemical reaction.
DRIVERS
The expansion of nanorobot research and development
Chronic and infectious diseases are becoming more prevalent globally.
RESTRAINTS
Strong Regulatory Standards
OPPORTUNITIES
An increase in the sale of nanomedicines and advancements in healthcare infrastructure in emerging economies.
CHALLENGES
Lengthy approval procedures and several dangers related to nanomedicines
The need for nanomedicines to cure a wide range of illnesses has increased as a result of the COVID-19 pandemic. The development of new approaches for the detection, diagnosis, and treatment of the COVID-19 virus and other viral infections was made possible by the development of nanomedicine applications. The development of nano-based materials such as disinfectants, personal protective equipment, diagnostic systems, and barrier systems for medical treatment and vaccine research allowed for the management of COVID-19. This has an impact on the market since it raises interest in nanomedicines. Overall, it has been claimed that COVID-19 has had a positive effect on the market for nanomedicine. This resulted from an increase in the need for nanomedicines to treat conditions that resemble cancer. Additionally, as a result of an increase in nanomedicine R&D activities across the board, industry participants have observed a rise in investments in materials and resources.
Furthermore, the nanomedicine industry was mostly unaffected in other MedTech firms that were wiped out by the COVID-19. This is primarily caused by how serious the medical conditions that nanomedicines are designed to treat are. In order to maintain their quality of life, people who had been prescribed nanomedicines before to the pandemic continued to do so. The need for nanomedicine to identify life-threatening diseases early has driven the market's sustained growth, despite the fact that the number of new patients getting nanomedicines marginally fell during the pandemic's worst months.
By Modality
Diagnostic and therapeutic applications make up the global nanomedicine market. Due to the technological development of nanomedicine, increase in adoption of nanomedicine, rise in prevalence of chronic diseases, and increase in the number of advanced and effective products in the market, the treatment segment was the largest contributor to the global market and is expected to continue to dominate during the forecast period.
By Application
Drug delivery, diagnostic imaging, vaccinations, regenerative medicine, implants, and other products are segments of the worldwide nanomedicine market. Due to the rising incidence of diseases like cancer and the COVID-19 virus as well as growing public awareness of the potential uses for nanomedicines, the drug delivery segment was the largest contributor to the global market and is predicted to continue to hold a dominant position during the forecast period.
By Indication
Clinical cardiology, orthopedics, neurology, urology, ophthalmology, immunology, clinical oncology, infectious disorders, and others are the subsets of the global nanomedicine market. The clinical oncology segment, which accounted for a major portion of the global market, is expected to continue to dominate over the forecast period owing to the rise in cancer and rising disposable income.
By Modality
Diagnostics
Treatment
By Application
Drug Delivery
Diagnostic Imaging
Regenerative Medicine
Implants
By Indication
Clinical Oncology
Infectious Diseases
Clinical Cardiology
Orthopedics
Neurology
Urology
Immunology
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The global nanomedicine market was dominated by North America and this dominance is expected to continue during the forecast period. This is due to an increase in the prevalence of fatal diseases, an increase in the demand for nanomedicines, the availability of high-end healthcare facilities with qualified medical personnel, an increase in research and development activities with a significant presence of key players, and an increase in government investment in healthcare. However, Asia Pacific is expected to have the highest growth rate during the projection.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major key players are Pfizer Inc., Mallinckrodt plc, Teva Pharmaceuticals Ltd., Merck & Co., Inc., Johnson & Johnson, Abbott Laboratories, Invitae Corporation, General Electric Company, Leadient BioSciences Inc., DiaSorin S.p.A., and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 170.47 Billion |
| Market Size by 2030 | US$ 431.21 Billion |
| CAGR | CAGR of 12.3% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By MODALITY (Diagnostics, Treatment) • By APPLICATION (Drug Delivery, Diagnostic Imaging, Vaccines, Regenerative Medicine, Implants) • By INDICATION (Clinical Oncology, Infectious Diseases, Clinical Cardiology, Orthopedics, Neurology, Urology, Ophthalmology, Immunology) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Pfizer Inc., Mallinckrodt plc, Teva Pharmaceuticals Ltd., Merck & Co., Inc., Johnson & Johnson, Abbott Laboratories, Invitae Corporation, General Electric Company, Leadient BioSciences Inc., DiaSorin S.p.A., and other players. |
| Key Drivers | • The expansion of nanorobot research and development • Chronic and infectious diseases are becoming more prevalent globally. |
| RESTRAINTS | • Strong Regulatory Standards |
Ans: The Nanomedicine Market Size was valued at USD 170.47 billion in 2022.
Ans: The Nanomedicine Market is to grow at a CAGR of 12.3% over the forecast period 2023-2030.
Ans. Key drivers of the Nanomedicine Market is the expansion of nanorobot research and development, and Chronic and infectious diseases are becoming more prevalent globally
Ans. Drug Delivery, Diagnostic Imaging, Vaccines, Regenerative Medicine, and Implants are the sub segments of Nanomedicine market.
Ans. Diagnostic and therapeutic applications make up the global nanomedicine market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Nanomedicine Market Segmentation, By Modality
8.1 Diagnostics
8.2 Treatment
9. Nanomedicine Market Segmentation, By Application
9.1 Drug Delivery
9.2 Diagnostic Imaging
9.3 Vaccines
9.4 Regenerative Medicine
9.5 Implants
10. Nanomedicine Market Segmentation, By Indication
10.1 Clinical Oncology
10.2 Infectious Diseases
10.3 Clinical Cardiology
10.4 Orthopedics
10.5 Neurology
10.6 Urology
10.7 Ophthalmology
10.8 Immunology
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Pfizer Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Mallinckrodt plc
12.3 Teva Pharmaceuticals Ltd.
12.4 Merck & Co., Inc.
12.5 Johnson & Johnson
12.6 Abbott Laboratories
12.7 Invitae Corporation
12.8 General Electric Company
12.9 Leadient BioSciences Inc.
12.10 DiaSorin S.p.A.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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