The global nano pharmaceutical market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Nano pharmaceutical is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices to nanoelectronic biosensors. The major factor contributing to the growth of the market is the development of new technologies for drug delivery as well as increasing adoption of nanomedicine across various applications across the globe. Moreover, the market is growing due to rising government support and funding coupled with the growing need for therapies that have fewer side effects. Furthermore, increasing healthcare expenditure as well as ongoing R&D are significantly driving the global nano pharmaceutical market during the forecast period. Apart from this, the increasing burden of chronic diseases, such as cancer, CVD, and immunological diseases globally is driving the market growth.
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Some major players operating in the market include Novartis International AG, Sanofi S.A., and Pfizer Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2020, Tottenham Acquisition I Ltd. entered into a merger agreement with Clene Nanomedicine, Inc. to develop a therapeutic nanocatalyst for the treatment of neurodegenerative diseases along with a nanotechnology based-therapy with antiviral applications.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Product Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Novartis International AG, Sanofi S.A., and Pfizer Inc., among others.
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Global Nano Pharmaceutical Market Report by Segment
By Product Type
- Natural Medical Carrier
- High Polymer Material Carrier
By Application
- Medical
- Scientific Research
- Others
Global Nano Pharmaceutical Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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