Nanomedicines market

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Nanomedicines Market
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The global nanomedicine market was valued at US
177.1 Bn in 2019 and is forecast to reach a value
of US 454.8 Bn by 2027 at a CAGR of 12.5
between 2020 and 2027.

• Nanotechnology is a broad term for nanoscale
  science, engineering, and technology that has
  enormous economic and technological implications.
  
• One of the most prominent areas of nanotechnology
  research is healthcare.
• Nanomedicine is defined as the use of molecular
  tools and knowledge of the human body to
  diagnose, treat, and prevent disease.

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• Growth drivers-
• Increasing prevalence of chronic diseases
• Approval and launch of new products
• Top companies involved are- Abbott Laboratories,
  CombiMatrix Corporation, Clene Nanomedicine,
  Inc., Cellics Therapeutics, Inc., Nanobiotix S.A,
  Celgene Corporation, GE Healthcare,
  NanoViricides, Inc., Johnson Johnson,
  Mallinckrodt plc., Sirnaomics Inc., Precision
  NanoSystems Inc., Merck Company Inc.,
  Nanosphere, Inc., Pfizer Inc., and Sigma-Tau
  Pharmaceuticals Inc.

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Growth opportunities

• The presence of unmet medical needs in emerging
  economies is expected to provide lucrative growth
  opportunities for global nanomedicine market
  participants.
• Emerging and high-growth markets such as China,
  Brazil, India, Eastern Europe, the Middle East,
  and Latin America are expected to provide a
  plethora of opportunities in the future for the
  nanomedicine market.
• This is because economic development in these
  economies has provided patients with increased
  purchasing power as a result of rising disposable
  incomes.
• Improvements to healthcare infrastructure will
  allow for the use of sophisticated technologies
  while also meeting the population's high unmet
  medical needs.
• For more details visit- https//coherentmarketinsi
  ghtsus.blogspot.com/2022/08/nanomedicines-is-use-o
  f-nanotechnology.html

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