Worldwide Nano Therapy Market Scenario:
Nano therapy is advanced treatment involving use of nanoparticles to deliver a drug to a given specific target location in the body to treat the disease through targeting process. Nano therapy is largely used in the treatment of cancer, diabetes, cardiovascular disease and others. Increasing exploration of Nano therapy techniques in past decades has led to the development of polymer nanoparticles, micelles, nanotubes, dendrites, nano vaccines and inorganic nano particles. Nano technology is characterized as submicron estimated atomic gadgets prevalently running from 5 to 500 nm.
According to American Cancer society’s 2016 cancer survey 1,685,210 new cases of cancer were estimated to occur in United States. In 2018, an estimate of 1,735,350 new cases of cancer will be diagnosed in United States.
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The nano therapy market is chiefly driven by rising demand for alternatives for conventional method, increasing healthcare expenditure, growing prevalence of metabolic diseases and continuous technology development. Moreover, government support for carrying nano therapy studies and increasing infrastructural facilities for research in developed countries like U.S have fueled market growth. Further, the nano-therapy market is growing as around 250 nano medical products are being tested or used in humans. The high cost of treatment and stringent regulatory standards are main restraints in gene therapy market growth.
The global Nano therapy market is expected to grow at a CAGR of 8.2% during the forecast period 2017-2023.
Nano Therapy Market Top 10+ Players Business Overview:
Smith and Nephew (U.K.), Selecta Biosciences Inc.(U.S.), Tarveda Therapeutics (U.S), DIM (U.S), Cristal Therapeutics (The Netherlands), Nanobiotix (France), NanoBioMagnetics.n.nu (U.S), Nanospectra Biosciences Inc.(U.S.), NanoMedia Solutions Inc. (Japan), Sirnaomics Inc. (U.S), Cytlmmune Science Inc.(U.S.), Luna (U.S.), NanoBio Corporation(U.S.), Parvus Therapeutics (U.S.), Nanoprobes Inc.(U.S.), NanoSphere Inc. (U.S.) are some key players in the Nano therapy Market.
Global Nano Therapy Market – Competitive Landscape:
The global Nano Therapy market is blooming owing to increasing prevalence of metabolic diseases and growing research in this sector. Apart from this, presence of large number of companies like Nanobiotix, Nanospectra Biosciences Inc., Selecta Biosciences Inc., NanoBio Corporation mainly focused on developing Nano medicines for treatment of cancers, rheumatoid arthritis, diabetes, cardiovascular diseases and nano technological products like implants which further fuels the market growth.
In November 2016 Cristal Therapeutics, a clinical stage pharmaceutical company developing nano medicines announced the beginning of Phase 1b clinical program of its lead Nano medicine candidate CriPec-docetaxel for treatment of patient with solid tumors. This study will enable the company to develop clinically validated chemotherapy with help of nano particles.
In May 2018 Nanobiotix, a late clinical stage nano medicine company stated research collaboration with Weill Cornell Medicine for evaluation of preclinical studies of NBTXR3 nano medicine. The aim of this trial is to expand the potential of NBTXR3 for treating recurrent or metastatic diseases.
In April 2017 Parvus Therapeutics, a biopharmaceutical company engaged in developing disease modifying nano medicines announced collaboration with Novartis for development on novel diabetes nano medicine Navacim. This collaboration agreement enables Novartis to receive exclusive worldwide rights to use Parvus’s Navacim technology.
In April 2018, NanoSphere Heath sciences Inc. announced the launch of its cannabis product line, Transdermal NanoSerum CBD pen having a combination formula of Cannabinol (CBD) and tetra hydro cannabinol (THC) for treatment of inflammation, anxiety, pain, mood swing disorder and insomnia. This launch of NanoSerum CBD pen will provide an excellent s option for a variety of ailments and thus increase company’s sales and revenue in cannabinol nano therapy sector.
Nano Therapy Market Regional Analysis:
America is the leading region in global Nano therapy market owing to increase in prevalence of diseases like cancer and diabetics. Apart from this, increasing health care expenditure, growing government support for research and development, growing technological development drives the market growth in this region. Further, the presence of nano medicine companies like Nanospectra Biosciences Inc., Selecta Biosciences Inc. and Tarveda Therapeutics boosts the market in this region.
Europe is second largest growing market in nano therapies chiefly due to increase in awareness about nano therapies and advancement in nano technological sector.
Asia Pacific is fastest growing market mainly driven by growing initiatives in healthcare sectors and rising demands for better treatment options for various diseases.
The Middle East and Africa region has limited growth in Nano therapy market due less development in technology.
Major Table of Contents For Nano Therapy Market Research Report – Global Forecast Till 2023:
1.2 Scope Of The Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
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