The development of superbugs has necessitated the search for newer
methods that can combat microbial resistance. To address this, the
application of nanotechnology in microbiology and nanotechnology is
gaining traction in a bid to prevent serious consequences. Moreover,
drugs administered through nano-based carriers have increased
bioavailability and target specificity.
Nanobiotechnology is a veritable tool for the advancement of medical
science, which will help improve healthcare practices across the
world. This is because nanobiotechnology is the key for studying
minute biological samples as small as a single molecule. The use of
several nanoparticles and nanodevices for studying small biological
samples are expected to benefit human health enormously. The use of
nanobiotechnology is expected to extend opportunities and enhance the
capabilities of other areas such as forensic science and forensic
diagnostics.
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The report is an all-important tool to understand the growth trends
and market size estimates of the global Nanobiotechnology market for
the 2016-2024 period. Based on past performance, the growth
trajectory of the global nanobiotechnology market for the future is
explained in the report. The report is prepared after an extensive
research phase and inputs received from industry experts. The report
analyzes the current competitive structure of the market and the
changing competitive hierarchy by the end of 2024.
The increasing demand for faster drug discovery, less invasive and
pain-free drug delivery, and higher sensitivity in diagnostics are
some of the major factors driving the global nanobiotechnology
market.
North America and Europe are traditional regions for research and
development. With the stabilization of the economic situation,
investments and joint ventures in the nanobiotechnology in these
regions are expected to rise. This will boost the growth of the
global nanobiotechnology market. The advancement of the
pharmaceutical sector with newer technologies for drug discovery and
drug delivery is also a significant factor fueling the growth of this
market. Advancement in software rendering and design technology are
expected to stimulate the growth of this market. Advancement of the
healthcare and pharmaceutical sector in the developing countries of
Asia Pacific will also bolster the growth of this market.
However, factors such as prohibitively expensive manufacturing using
nanobiotechnology resulting in high cost of finished goods is
restraining the growth of this market. Moreover, environmental
hazards pertaining to the disposal of waste and occupational hazards
of nanobiotechnology are also challenging the market’s growth.
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Nevertheless, the increasing adoption of nanobiotechnology across
several industry sectors will favor the market’s growth. The
increasing practice of technological integration of government,
academic, industrial, and other sectors and assistance provided for
the same will also help the development of the global
nanobiotechnology market.
The regional segments into which the global nanobiotechnology market
is divided are North America, Europe, Asia Pacific, and Rest of the
World. North America and Europe are traditional regions for advanced
research, thus are expected to contribute significantly to the growth
of the global nanobiotechnology market.
The report presents a detailed assessment of the global
nanobiotechnology market including a competitive profile of the key
companies operating in the market. Some of the top companies that
have a significant presence in this market are Calando
Pharmaceuticals Inc., Advanced Sensor Technologies, Gilead Sciences,
Elan Pharmaceuticals, Advectus Life Sciences, Affymetrix, and Applied
Nanotech among others.
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