Nanoscience or nanotechnology is the study of management of materials at molecular or atomic scale on different applications. The market for nanoparticles in drug technology holds prime share in the global pharmaceuticals market. Applications of nanotechnology can be classified into nanomedicine, chemicals and cosmetics, materials, food technology, energy, military, electronics, agriculture and others.
Use of nanoparticles in pharmaceutical technology is mainly driven by growth in demand for personalized medicine. This market is classified according to applications such as biotechnology, drug development, and drug delivery. The biotechnology market is further classified according to the use of nanoparticles in fields such as research and development, cellular repair, stem cell research, in vitro imaging, biosensors among many others. The major areas in drug development and drug formulation where nanoparticles are substantially used are bioseparation, drug analysis, analysis and removal of toxins, incorporation of insoluble drugs, DNA nanoparticle development, screening of drug candidates and others.
This market is at present experiencing large scale patent acquisition, collaborations and mergers. The U.S. is viewed as the largest market for use of nanoparticles in pharma technology. The major geographical markets for nanoparticles in this technology are North America, Asia Pacific, Europe and Rest of the World.
Some of the market players in this industry are Astrazeneca Pharmaceuticals, PLC, Abraxis Biosciences, Inc., Novartis International AG, GE Global Research, Nano Interface Technology, Inc., Amag Pharmaceuticals Inc. and some others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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