The global healthcare nanotechnology market is expected to reach USD 196.02 billion by 2020 growing at a CAGR of 12.1%. Increasing susceptibility of patients towards chronic diseases such as cardiovascular, neurological, oncology and respiratory diseases coupled with increasing R&D spending opening new application avenues is expected to drive market growth over the next six years. Other drivers of this market include increasing government and private sector R&D aid and new players entering the market to bridge the gap between supply and demand.
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Clinical oncology nanotechnology applications dominated the overall market in 2013, accounting for 35% of total market revenue. Higher efficacy of nanomaterials and the ability of engineered nanoparticles to cross through the blood brain barrier provides platform for groundbreaking innovations through R&D in the field of cancer therapy and serves this market as a high impact rendering driver.
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Further key findings from the study suggest:
North America was the largest regional market in 2013, accounting for over 38% of global revenue on account of the extensive investments in research and development of innovative cancer therapies.
Asia Pacific owing to its improving healthcare infrastructure and healthcare R&D spending is expected to grow at the highest CAGR of over 14.0% from 2014 to 2020. Moreover, emerging markets such as China and India hold a large amount of untapped opportunities and are therefore expected to fuel future market growth.
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Cardiovascular applications are expected to be the fastest growing segment for this market, owing to the growing global prevalence of cardiovascular diseases.
Major points From table Of Contents:
Chapter One: Executive Summary
Chapter Two: Nanotechnology Healthcare Industry Outlook
Chapter Three: Nanotechnology Healthcare Application Outlook
Chapter Four: Nanotechnology Healthcare Regional Outlook
Chapter Five: Competitive Landscape
Chapter Six: Methodology and Scope
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