Nanomedicine Market To Reach USD 343.8 Billion By 2026 | CAGR of 12.6%
: New York, United States, 31-July-2020, (Via WiredRelease), (Reports and Data) – The global nanomedicine market is expected to reach USD 343.8 billion by 2026, according to a new report by Reports and Data. Increased global incidence of cancer coupled with growing prevalence of cardiovascular diseases is likely to be the key factors governing market growth. Based on the WHO statistics, in 2018 around 18.07million new cases were registered for cancer in 2018. Additionally, cancer accounted for around 9.5 million deaths in 2018. The incidence of cancer was significantly high and lied around 48.4 percent in Asia Pacific.
Nanomedicine is being increasingly adopted for the treatment of various diseases including cancer and cardiovascular disease. Apart from improved efficacy and safety, factors such as bio-availability and ability to deliver diagnostic and therapeutic agents to targeted sites are expected to stimulate market growth.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
Arrowhead Pharmaceuticals Inc. AMAG Pharmaceuticals, Bio-Gate AG, Celgene Corporation and Johnson & Johnson.
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For the purpose of this report, Reports and Data have segmented into the global Nanomedicine market on the basis of type, propellants, application, and region:
For the purpose of this report, Reports and Data have segmented global Nanomedicine Market on the basis of products, drug delivery system, application and region:
Product Outlook (Revenue, USD Billion, 2018-2026)TherapeuticsRegenerative MedicineIn-vitro diagnosticsIn-vivo diagnosticVaccines
Drug Delivery System Outlook (Revenue, USD Billion, 2018-2026)NanobotsNanoghostsNanoclustersNanobubblesExosomesInjectable Nanoparticle GeneratorDendrimersLiposomesCarbon nanotubeGrapheneOthersApplication Outlook (Revenue, USD Million, 2015-2026)OncologyInfectious diseasesCardiologyOrthopedicsOthers
Regional Outlook (Revenue, USD Million; 2017-2027)
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Key aspects of the Nanomedicine Market Report:
The report comprises of Nanomedicine market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions.
The report covers all the crucial information about the products and services of major competitors.
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