WESTFORD, Mass., April 23,
2024 /PRNewswire/ -- SkyQuest projects that the
nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4%
over the forecast period (2024-2031). The increasing demand for
nanotechnology in medical research fuels the demand. During
covid-19, nanoparticles were widely used in vaccines. Nanosystems
were also found to be widely used in cancer diagnosis and cancer
drug development. Due to all these applications, nanotechnology has
been widely adopted by the pharmaceutical industry, further
boosting the global nanotechnology market.
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Browse in-depth TOC on "Nanotechnology Market"
- Pages - 197
- Tables - 95
- Figures – 76
Nanotechnology Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$4.47
billion
|
Estimated Value by
2031
|
$53.51
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 36.4%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Type, Industry and
Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and the Rest of the world
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Growing Adoption of
Nanotechnology in Medical Diagnosis
|
Key Market
Drivers
|
Increase in Adoption of
Nanotechnology in Medical Diagnosis and Imaging
|
Nanodevices Segment is Dominate the Market Due to Versatility
of Nano-devices
Globally, nanodevices dominate the global nanotechnology market.
By 2023, nano devices will have an estimated market share of 60.1%.
This is due to the versatility of nano-devices. For example, in
healthcare, nanodevices show potential for targeted drug delivery,
diagnostics, imaging, among others. On the other hand, in the
electronics industry, nanodevices show application as
high-performance transistors, and memory devices. However, nano
sensors are expected to grow at the fastest rate during the
forecast period.
Healthcare Segment to Register Significant Shares Due to Rise
in Adoption of Nanotechnology Devices
Healthcare is the fastest growing segment in the market. This is
due to the increasing adoption of nanotechnology devices by medical
facilities for purposes such as imaging, diagnostics, cell
preparation, drug delivery, etc. On the other hand, aerospace and
security is a gaining sub-segment rapid development. This is also
due to potential benefits such as instantaneous sensors, lighting
and delays, advanced systems.
North America Emerged Dominant Due to Rapid Adoption of
Advanced Technologies
North America is dominating the
global nanotechnology market with an estimated 40% of the market
share during the forecast period. This is due to rapid adoption of
advanced technologies, increased investment in R&D and
availability of healthcare. It has been observed that major
countries like US. and Canada are
investing heavily in R&D. Overall, the United States spent $607.8 billion on R&D, including $102.3 billion on basic research.
Asia Pacific is considered the
fastest-growing rate, due to the increase in government investment
in the energy and power sector, feeding the increase in
Nanomaterial's demand in this region. Nanomaterial's demand is also
increasing due to the massive manufacturing capabilities of leading
economies such as China,
India, Japan and South
Korea.
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Nanotechnology Market Insights:
Drivers
- Increase in Adoption of Nanotechnology in Medical Diagnosis and
Imaging
- Continuous Technological Advancements in Nanotech Devices
Restraints
- High Manufacturing Costs
- Lack of Standardization and Scalability
Prominent Players in Nanotechnology Market
- ANP CORPORATION (India)
- Bruker Corporation (US)
- Fujitsu Limited (Japan)
- Thermo Fisher Scientific Inc. (US)
- Kleindiek Nanotechnik GmbH (Germany)
- eSpin Technologies, Inc. (US)
- Altairnano (US)
- Bayer AG (Germany)
- Infineon Technologies AG (Germany)
- Imina technologies SA (Switzerland)
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Key Questions Answered in Nanotechnology Market
Report
- What specific growth drivers are projected to impact the market
during the forecast period?
- List the top companies in the market and explain how they have
achieved their positions of influence.
- In what ways do regional trends and patterns differ within the
global market, and how do these differences shape the market's
future growth?
This report provides the following insights:
- Analysis of key drivers (increased adoption of nanotechnology
in medical diagnosis and imaging, continuous technological
advancements in nanotech devices) restraints (high manufacturing
costs, lack of standardization and scalability), opportunities
(growing adoption of nanotechnology in medical diagnosis, high
usage of nanotechnology in treating cancer) influencing the growth
of nanotechnology market.
- Market Penetration: Comprehensive information on the
product portfolios offered by the top players in the nanotechnology
market.
- Product Development/Innovation: Detailed insights on the
upcoming trends, R&D activities, and product launches in the
nanotechnology market.
- Market Development: Comprehensive information on lucrative
emerging regions.
- Market Diversification: Exhaustive information about new
products, growing geographies, and recent developments in the
market.
- Competitive Assessment: In-depth assessment of market segments,
growth strategies, revenue analysis, and products of the leading
market players.
Related Reports:
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Global Nanomaterials Market
Global Nano Battery Market
Global Nanomedicine Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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SOURCE SkyQuest Technology