Nanomedicines Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

 

Nanomedicines Market
Nanomedicines Market

Nanomedicine is the application of nanotechnology to the advancement of healthcare. It makes use of a material's 10-9 m nanometric scale properties, which frequently differ from those of the same material at a larger size in terms of physics, chemistry, and biology. Additionally, because many biological processes in the human body operate at the nanometric scale, nanomaterials and nanoparticles may be able to pass through natural barriers to find new delivery sites and interact with DNA or small proteins there at different levels, whether in the blood or inside organs, cells, or tissues.

Nanomedicine has the potential to advance a variety of medical procedures, including cancer treatment, early detection, and follow-up care. Clinical trials for hundreds of nanomedicine items are now being conducted, covering all major diseases including inflammatory, musculoskeletal, cardiovascular, and neurological conditions. With over 80 marketed products ranging from medical imaging, biomaterials, and diagnostics to nano-delivery and medications, nanomedicine is an enabling technology in all areas of healthcare.

Over the forecast period, a high frequency of chronic diseases is anticipated to fuel Nanomedicines market expansion. For instance, the American Cancer Society predicts that there will be 606,880 cancer deaths and 1,762,450 new cancer cases in the United States in 2019.

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