Nanomedicine Market globally will be worth USD
177.60 billion by 2019, growing considerably from its 2012 value of USD 78.54
billion. This market is expected to achieve a compounded annual growth rate of
12.3% between 2013 and 2019.
Browse Nanomedicine Market Research Report With Full TOC @ http://www.transparencymarketresearch.com/nanomedicine-market.html
The report talks about the major growth areas of
within the nanomedicine market over the period of forecast. The introduction of
new technologies and applications in this sector will propel growth to a
significant degree at the global level. Further, the initiatives taken by various
governments as well as privately-funded institutions towards promoting the
commercialization of new nanomedicine products will boost this market. The
report also dwells on the role played by the rising geriatric population base,
the prevalence of medical needs that are in need of treatment, as well as the
rising incidence of chronic diseases globally.
According to the report, the leading application
segment within the nanomedicine market was that of oncology, holding a 38%
share of the overall market in 2012, as a vast number of commercially available
products prevail in this sector.
The development of nanomedicine-based treatments
and products that are able to directly target tumors in the brain and other
bodily sites is poised to be a significant factor affecting growth in this
market.
Though the largest market segment within the nanomedicine market is that of oncology, the fastest growing segment is the
cardiovascular market. According to the Transparency Market Research report,
growth in this segment has been fuelled by the presence of a sizeable patient
population, and a simultaneous growth in the demand for device and drugs that
are based on nanomedicine. These factors are collectively anticipated to
further fuel the growth of the cardiovascular segment within the nanomedicine
market.
The report also carries out an in-depth analysis
of the regional market share based on the applications, revenue, and products.
According to the report, the nanomedicine market was largely dominated by North
America in 2012. It is expected that this regional market will continue to hold
its leading position in the way over the forecast period until 2019.
Though the larger market share will be held by
North America, it is anticipated that the fastest growing market, by region,
will be Asia-Pacific. The report states that the CAGR recorded by the
Asia-Pacific market will be 14.6% between 2013 and 2019.
Furthermore, the analysis of the regional
markets also concludes that the Europe region is predicted to show a growth
rate that’s relatively higher than that of North America. Factors that are
likely to cause this increased growth rate include: an improvement in the
regulatory framework as well as the presence of a wide-ranging product
portfolio in the pipeline, set to be introduced by leading market
players.
The report on the global nanomedicine market
additionally comprises an overview of the key market players in a section
dedicated to company profiles. These key market players include names such as:
Abbott Laboratories, Merck & Co Inc, Pfizer Inc., GE Healthcare, Nanosphere
Inc., and many more.
To browse through the entire ToC or to purchase
the report titled “Nanomedicine Market (Neurology, Cardiovascular,
Anti-inflammatory, Anti-infective, and Oncology Applications) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.
Browse Full Nanomedicine Market Report With TOC @ http://www.transparencymarketresearch.com/nanomedicine-market.html
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