The Business Research Company’s Nanomedicine Global Market Report 2021 – COVID-19 Growth And Change
LONDON, GREATER LONDON, UK, October 6, 2021 /EINPresswire.com/ — The rising burden of complex and chronic diseases across the globe is expected to contribute to the growth of the nanomedicine market in the forecast period. Nanomedicine is increasingly being used in treating chronic diseases including cardiovascular disorders, diabetes, cancer, dementia, and others, where it helps in the fast metabolism of drugs in the body. According to the international federation of Alzheimer's associations, Alzheimer's Disease International, more than 50 million people are suffering from dementia globally, and this is projected to double every 20 years, reaching 80 million by 2030 and 152 million by 2050. In 2020, the total cancer burden in the world increased to 19.3 million new cases and is predicted to rise to 28.4 million new cancer cases in 2040. This increasing burden of chronic diseases is expected to propel the demand for effective therapeutics treatment based on nanomedicine, driving the market.
The global nanomedicine market size is expected to grow from $190.83 billion in 2020 to $221.12 billion in 2021 at a compound annual growth rate (CAGR) of 15.9%. The change in growth trend of the nanomedicine market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The nanomedicine market is expected to reach $361.44 billion in 2025 at a CAGR of 13.1%.
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Major players covered in the global nanomedicine industry are Pfizer Inc., Nanotherapeutics Inc., NanoViricides Inc, Arrowhead Research Inc., Celgene Corporation, Bio-Gate AG, Merck AG, Ablynx NV, F. Hoffmann-La Roche AG, Nanospectra Biosciences, GE Healthcare, Gilead Sciences Inc., Novartis AG, Amgen Inc., and Sanofi.
North America was the largest region in the nanomedicine market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomedicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
TBRC’s global nanomedicine market report is segmented by type into nanoparticles, nanoshells, nanotubes, nanodevices, others, by modality into diagnostics, treatments, by application into clinical oncology, infectious diseases, clinical cardiology, orthopedics, others.
Nanomedicine Global Market Report 2021 – By Type (Nanoparticles, Nanoshells, Nanotubes, Nanodevices), By Modality (Diagnostics, Treatments), By Application (Clinical Oncology, Infectious Diseases, Clinical Cardiology, Orthopedics), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides nanomedicine global market overview, forecast nanomedicine global market size and growth for the whole market, nanomedicine global market segments, and geographies, nanomedicine global market trends, nanomedicine market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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