Medical nanotechnology or nanomedicine involves diagnosis, prevention and treatment of diseases or disorders to improve human health at molecular level using nanodevices or nanostructures. Nanomedicine is a developed market as compared to nanotechnology, which is still in experimental phase. Nanomedicine uses nanomaterials & nanoelectronic biosensors for early diagnosis, prevention and proper treatment of diseases.
By medical applications, nanomedicine market is segmented as drug delivery, therapeutic, regenerative material, biomaterials, anti-microbial, cell repair, active implants, diagnostic imaging, clinical diagnostic and other techniques. Drug delivery and in vivo imaging are emerging as the highest active areas in medical nanotechnology. Developments in nanotechnology market are revolutionizing the delivery of nanomedicines.
Currently, medical nanotechnology and nanomedicine market is majorly dominated by its implication across oncology segment because of nanomedicines’ ability to cross body barriers and target tumors directly.
Currently, various technologies are present in nanomedicine market, which include nanocrystals, nanoshells, nanorobots, nanoemulsions, dendrimers and others. Out of these, nanoshells for cancer identification & treatment and liposomes as cancer vaccine and drug carrier are expected to bring breakthrough in nanomedicine sector. Alternately, nanotechnology is also being implemented in tissue repair technologies through tissue engineering, like re-growing of bones through carbon nanotubes scaffolds.
Improving regulatory framework and technological innovations, increasing investments in R&D, rising support from government and increasing prevalence of chronic diseases are the major drivers of nanotechnology and nanomedicine market. However, higher cost of technology and limitations with regard to availability of manufacturing support, equipment & testing methodologies will restrain the market growth in future.
ASDReport.com has a collection of reports on medical nanotechnology. The report provides insights on topics related to market dynamics, technologies, and trends and challenges pertaining to nanomedicine, nanocatalysts, nanofiber based adhesives and others.