Nano Therapy Market Scenario
Nano therapy is advanced treatment involving use of nanoparticles to deliver a drug to a given specific target location in the body to treat the disease through targeting process. Nano therapy is largely used in the treatment of cancer, diabetes, cardiovascular disease and others. Increasing exploration of Nano therapy techniques in past decades has led to the development of polymer nanoparticles, micelles, nanotubes, dendrites, nano vaccines and inorganic nano particles. Nano technology is characterized as submicron estimated atomic gadgets prevalently running from 5 to 500 nm.
The nano therapy market is chiefly driven by rising demand for alternatives for conventional method, increasing healthcare expenditure, growing prevalence of metabolic diseases and continuous technology development. Moreover, government support for carrying nano therapy studies and increasing infrastructural facilities for research in developed countries like U.S have fueled market growth. The high cost of treatment and stringent regulatory standards are main restraints in gene therapy market growth.
The global Nano therapy market is expected to grow at a CAGR of 12.50% during the forecast period 2022-2030.
Global Nano Therapy Market – Competitive Landscape
The global Nano Therapy market is blooming owing to increasing prevalence of metabolic diseases and growing research in this sector. Apart from this, presence of large number of companies like Nanobiotix, Nanospectra Biosciences Inc., Selecta Biosciences Inc., NanoBio Corporation mainly focused on developing Nano medicines for treatment of cancers, rheumatoid arthritis, diabetes, cardiovascular diseases and nano technological products like implants which further fuels the market growth.
Smith and Nephew (U.K.), Selecta Biosciences Inc.(U.S.), Tarveda Therapeutics (U.S), DIM (U.S), Cristal Therapeutics (The Netherlands), Nanobiotix (France), NanoBioMagnetics.n.nu (U.S), Nanospectra Biosciences Inc.(U.S.), NanoMedia Solutions Inc. (Japan), Sirnaomics Inc. (U.S), Cytlmmune Science Inc.(U.S.), Luna (U.S.), NanoBio Corporation(U.S.), Parvus Therapeutics (U.S.), Nanoprobes Inc.(U.S.), NanoSphere Inc. (U.S.) are some of the Nano therapy Market players.
America is the leading region in global Nano therapy market owing to increase in prevalence of diseases like cancer and diabetics. Apart from this, increasing health care expenditure, growing government support for research and development, growing technological development drives the market growth in this region. Further, the presence of nano medicine companies like Nanospectra Biosciences Inc., Selecta Biosciences Inc. and Tarveda Therapeutics boosts the market in this region.
Europe is second largest growing market in nano therapies chiefly due to increase in awareness about nano therapies and advancement in nano technological sector.
Asia Pacific is fastest growing market mainly driven by growing initiatives in healthcare sectors and rising demands for better treatment options for various diseases.
The Middle East and Africa region has limited growth in Nano therapy market due less development in technology.
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