The US 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 presence of the major key players in the market and various R&D activities conducted by them in order to develop novel nanomedicines for the treatment of various diseases. Besides, support from the government organizations along with higher R&D spending is accredited for the largest share of the country in the nanomedicines market over the forecast period. Besides, raising awareness also positively impacts market growth. For instance, The American Society for Nanomedicine is a nonprofit organization, that promotes research related to nanomedicine and educates researchers in the field of nanotechnology, with the overall aim of improving the treatment of disease.
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The US 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 cardiovascular 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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US 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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