The North American nanomedicines market is projected to grow at a modest CAGR of 11.0% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the growing funds and investments from the government and private organizations along with the increasing awareness regarding the development of nanomedicines for the treatment of various disorders. Besides, various clinical trials conducted in the region are also driving the market growth. However, factors such as higher costs associated with the R&D of nanomedicines along with the lack of knowledge regarding the nanomedicines are likely to challenge the growth of the market over the forecast period.
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The North American nanomedicines market is segmented on the basis of indication type and application. Based on the indication type, the market is segmented as cardiovascular diseases, neurological diseases, infectious diseases, oncological diseases, orthopedic diseases, and others. The other segment includes urological disease and ophthalmic diseases. The oncology diseases segment is likely to hold a substantial share in the market over the forecast period. Based on the applications, the market is segmented as drug delivery, active implants, vaccines, diagnostic imaging, biomaterials, regenerative medicines, and other applications. The other segment includes tissue regeneration. The drug delivery segment is likely to hold a substantial share in the market over the forecast period.
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North American 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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