Nanotechnology refers to the engineering of functional systems at the molecular scale. It includes construction of items from the bottom up, using modern techniques and tools to make complete, high-performance products. Nanomedicines refer to medications that are based on the application of nanotechnology in the medical field. They include monitoring, construction, repair, and control of human biological systems at the molecular level, using nanodevices and nanostructures. Increasing prevalence of diseases or disorders caused by damage at molecular level, is driving the market for nanomedicines. In addition, the great presence of unmet medical needs and increase in investment in the field are driving the market for nanomedicines.
Applications of nanomedicines include diagnostic imaging and identification and therapeutic delivery of medication to the exact location. Nanomedicines are generally injected, whereas they can be ingested as well. The time duration for which the drug stays in the body can be manipulated. Nanomedicines are highly effective in the killing of bacteria, viruses, and cancer cells, as well as the repair of damaged tissues. Oncology is the largest segment in the global nanomedicines market, whereas, cardiovascular market is the fastest-growing segment in the nanomedicines market.
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