Nanomedicine plays a vital role in drug delivery and regenerative medicines. Nanoparticles enable the clinician to target drugs right at the root of disease, which not only increases efficiency but also minimizes side effects. They also offer new potential for the controlled release of therapeutic substances. The global nanomedicines market is projected to grow at a modest CAGR of 11.1% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the need for technological advancements to enhance disease diagnosis, treatment, and prevention. Nanomedicine offers promising changes from the current methods of diagnosing and treating various disorders. Nanomedicines are used for a wide range of applications such as resolving inflammation and develops tissue healing, treatment of cardiovascular diseases, neurological diseases, infectious diseases, oncological diseases, orthopedic diseases, and other diseases. An upsurge in the cases of such diseases is likely to create a wide scope for market growth during the forecast period.
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However, the availability of various other drugs and treatment types is likely to challenge the growth of the market. Nevertheless, the continuous contributions by the key players in order to develop advanced and effective nanomedicines are likely to create lucrative opportunities for market growth during the forecast period.
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Global Nanomedicine Market Segmentation
By Indication Type
- Cardiovascular Diseases
- Neurological Diseases
- Infectious Diseases
- Oncological Diseases
- Orthopedic Diseases
- Other Diseases (Urological Disease, Ophthalmic Diseases)
By Application
- Drug Delivery
- Active Implants
- Vaccines
- Diagnostic Imaging
- Biomaterials
- Regenerative Medicines
- Other Applications (Tissue Regeneration)
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