Cancer Nanomedicine Market Poised for Remarkable Growth, projected to Hit US$ 445.67 Billion by 2030
The data, information, statistics, facts and figures covered in the large scale Global Cancer Nanomedicine Market business report lends a hand to Healthcare industry in maximizing or minimizing the production of goods depending on the conditions of demand. The market research report contains lot of features to offer for Healthcare industry which includes general market conditions, trends, inclinations, key players, opportunities, and geographical analysis. The widespread Global Cancer Nanomedicine Market report provides comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the HEALTHCARE industry. All this data aids Healthcare industry to take better steps to get their strategies better to trade goods and services.
The top notch Global Cancer Nanomedicine Market report studies and evaluates market drivers, market restraints, challenges, opportunities and key developments in the market. SWOT analysis has been used throughout the report which helps emphasize on the global key manufacturers, market definition, description and analysis of the market competition landscape. It makes effortless for Healthcare industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor. This results into actionable ideas, better decision-making and better business strategies.
Data Bridge Market Research analyses that the cancer nanomedicine market which was USD 180 billion in 2022, is expected to reach USD 445.67 billion by 2030, at a CAGR of 12% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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According to the International Agency for Research on Cancer, there will be 10.3 million cancer deaths and 19.3 million new cancer cases worldwide in 2020. Furthermore, 16.4 million people are expected to die from cancer-related causes by 2040, with 29.5 million new patients diagnosed each year. One of the primary reasons for the increasing prominence of nanomedicine is the rise in the prevalence of chronic diseases such as cancer and cardiovascular disease. Furthermore, the market for cancer nanomedicine is expanding due to increased number of patients with high blood pressure, obesity, and other cardiovascular diseases, among other factors.
Market Definition
Nanomedicine is a branch of nanotechnology that uses nanoparticles to diagnose, treat, monitor, and control biological systems. By manipulating materials at the nanoscale, it improves medicine delivery. As a result, nanomedicine has helped treat a wide range of diseases. Nanomedicine is still in its infancy, with numerous products in the works. Nanobiotix has identified 230 nanomedicine products that are either patented or in the early stages of development. 49 of the 230 products are on the market, while the remaining 122 are in clinical trials, either in Phase II or Phase III trials.
Opportunities
- Increasing Demand for Nanomedicines
The growing demand for nanomedicines can be attributed to the rapidly expanding applications of nanomaterials such as nanocapsules and nanotubes in drug delivery systems. The rise in cancer and cardiovascular disease incidences has boosted demand for nanomedicines, resulting in increased public and private investment in nanomedicine research and advancements in biodegradable nanoparticles. The cost-effectiveness and fewer side effects of these therapies are also major drivers of the cancer nanomedicine industry’s growth.
Restraints/Challenges
- Side effects associated with the consumption of nanoparticles
The low rate of adoption, the increasing side effects associated with the consumption of nanoparticles, and the stringent regulatory framework for drug approvals are acting as market restraints for the growth of the cancer nanomedicine market during the forecast period.
This cancer nanomedicine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cancer nanomedicine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent developments
- In 2021, The national nanotechnology effort received more than USD 1.7 billion in funding from the US government, highlighting the importance of nanotechnology. Furthermore, Forbes ranks nanotechnology as the sixth most important growth technology to watch over the next ten years.
Some of the major players operating in the cancer nanomedicine market are:
- Alnylam Pharmaceuticals, Inc. (U.S.)
- Amgen Inc. (U.S.)
- Arrowhead Pharmaceuticals, Inc. (U.S.)
- AstraZeneca (U.K.)
- Cadila Pharmaceuticals (India)
- CELGENE CORPORATION (U.S.)
- Celsion Corporation (U.S.)
- Genzyme (U.S.)
- Merck & Co., Inc. (U.S.)
- Nippon Kayaku Co.Ltd. (Japan)
- Nanobiotix (France)
- Pfizer Inc. (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Takeda Pharmaceutical Company Limited (Japan)
- General Electric (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Gilead Sciences, Inc. (U.S.)
- Novartis AG (Switzerland)
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Cancer Nanomedicine Market Scope
Type
- Inorganic Nanoparticles
- Synthesis of gold nanoparticle
- Organic Nanoparticles
- Polymeric nanoparticle
- lipid organic nanoparticles
Agent Type
- Diagnostic Agents
- Cancer biomarkers
- Diagnostic device
- Biosensors
- Microarrays
- Nanoprobes
- Quantum dots
- Therapeutic Agents
- Photodynamic therapy
- Photo thermal therapy
- Drug Delivery Agents
Mechanism
- Targeting Tumor Cells
- Passive targeting
- Active targeting
- Nanocarrier – Drug Complex
- Liposomes
- Dendrimers
- Micelles
- Inorganic nanocarriers
- Drug Release Systems
Cancer Type
- Breast Cancer
- Pancreatic Cancer
- Brain Cancer
- Lung Cancer
- Others
Imaging Technique
- Positron Emission Tomography
- Single Photon Emitted Tomography
- Magnetic Resonance Imaging (MRI)
Phase
- Research
- Preclinical
- Phase-I
- Phase-I/II
- Phase-II
- Phase-III
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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