Global Nanomedicine Market to Reach US$ 719.5 Billion by 2032, Impelled by Growing Prevalence of Chronic Diseases

October 14, 2022 | Healthcare

The latest report by IMARC Group, titled "Nanomedicine Market Report by Nanomolecule Type (Nanoparticles, Nanoshells, Nanotubes, Nanodevices), Product (Therapeutics, Regenerative Medicine, In-Vitro Diagnostics, In-Vivo Diagnostics, Vaccines), Application (Clinical Oncology, Infectious Diseases, Clinical Cardiology, Orthopedics, and Others), and Region 2024-2032," finds that the global nanomedicine market size reached US$ 263.9 Billion in 2023. Nanomedicines are specialized multi-functional drugs with programmable properties used for treating diseases and repairing tissues at a molecular level. It uses nanoparticles, nanotubes, and nanodevices, such as imaging agents, biochips, nanorobots, and polymer therapeutics, for the diagnosis, treatment, and prevention of numerous disorders, including cardiovascular, neurodegenerative, musculoskeletal, and inflammatory diseases. As a result, nanomedicine finds extensive applications for diagnostic imaging, drug delivery, vaccines, regenerative medicines, and implants.

Global Nanomedicine Market Trends:

The market is primarily driven by the growing prevalence of chronic medical ailments such as oncological, neurological, urological, infectious, ophthalmological, orthopedic, immunological, and cardiovascular diseases across the globe. In addition, various advancements in nanoscale technologies for improved diagnostic procedures represent another major growth-inducing factor. Besides this, the market is further propelled by the shifting consumer inclination toward personalized medicines. Furthermore, the increasing improvements in the healthcare infrastructure, and extensive research and development (R&D) activities conducted by key players in the field of biotechnology, are also anticipated to augment the market growth in the coming years. Looking forward, IMARC Group expects the market to reach a value of US$ 719.5 Billion by 2032, exhibiting a CAGR of 11.4% during 2024-2032.

Market Summary:

Based on the nanomolecule type, the market has been classified into nanoparticles (metal and metal oxide nanoparticles, liposomes, polymers, and polymer-drug conjugates, hydrogel nanoparticles, dendrimers, and inorganic nanoparticles), nanoshells, nanotubes, and nanodevices.
On the basis of the product, the market has been segmented into therapeutics, regenerative medicine, in-vitro diagnostics, in-vivo diagnostics, and vaccines.
Based on the application, the market has been categorized into clinical oncology, infectious diseases, clinical cardiology, orthopedics, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Nanomolecule Type, Product, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Abbott Laboratories, Arrowhead Pharmaceuticals Inc., General Electric Company, Luminex Corporation, Merck & Co. Inc., Nanobiotix, Novartis AG, Pfizer Inc., Sanofi SA and Starpharma Holdings Limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Nanomedicine Market to Reach US$ 719.5 Billion by 2032, Impelled by Growing Prevalence of Chronic Diseases

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