Nanostructured Drug Market Scope
Nanotechnology introduces exciting prospectus in the field of Medical science. A nanostructured drug is the application of nanotechnology to drug manufacturing. Nanostructured drugs are referred to as a nano-drug delivery system. Nanoparticles are more efficient at the cellular and molecular level which will transcend to their better working than traditional drugs. The field of nanostructured drugs is experiencing immense investments specifically focused on its research and development. Especially these investments have seen a boost since the pandemic because of the high accuracy of nanotechnology in the detection and treatment of viruses.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AstraZeneca Plc (United Kingdom), GlaxoSmithKline (United Kingdom), Merck & Co. Inc. (United States), Pfizer Inc. (United States), Moderna, Inc. (United States), Sanofi Pharma (France), Novo Nordisk (Denmark), NanoViricides, Inc. (United States), Johnson and Johnson (United States), Mistsubishi Tanabe Pharma Corporation (Japan) and Celgene Corporation (United States) |
CAGR | 9.4% |
The market is new with big pharmaceutical players as well as new startups in biotech flooding the market with innovation. Pfizer Inc. and Moderna Inc. are currently leading the use of nanostructured drugs since they both bought in use of lipid nanoparticles in their Covid-19 Vaccines respectively. Thus with the increase in health investments by governments around the world will also draw huge funds to innovations and research in nanostructured drugs bringing huge prospectus for the growth of this market Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Nanostructured Drug market throughout the predicted period.
AstraZeneca Plc (United Kingdom), GlaxoSmithKline (United Kingdom), Merck & Co. Inc. (United States), Pfizer Inc. (United States), Moderna, Inc. (United States), Sanofi Pharma (France), Novo Nordisk (Denmark), NanoViricides, Inc. (United States), Johnson and Johnson (United States), Mistsubishi Tanabe Pharma Corporation (Japan) and Celgene Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Taiwan Liposome Co., Eli Lilly and Company (United States) and NanoCarrier Co., Ltd (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Nanostructured Drug market by Type , by Application (Cardiovascular/Chronic, Immunology, Neurology, Oncology/Cancer Treatment and Others) and Region with country level break-up.
On the basis of geography, the market of Nanostructured Drug has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2020, Swiss pharmaceutical giant Novartis AG announced the completion of the acquisition of The Medicines Company, with this deal Novartis looks at expanding its line of cardiovascular disease solutions
In 2020, Pfizer Inc. launched BioNTech COVID-19 vaccine based on mRNA technology which will use lipid nanoparticles to protect and transport the vaccine component in the human body
Influencing Trend:
Nano-Structured Drugs are Being Innovated to Combat Viruses Because of Better Cellular and Molecular Reach of Nano Particles than Macro Particles
Market Growth Drivers:
Increase in Chronic and Cardiovascular Diseases have led to Rising Innovation, Research & Development and Demand for Nanostructured Drugs and Efficacy of Nanostructured Drug is more than Traditional Drugs
Challenges:
The Nanostructured Drugs is Still in its Beginning Stages with More Research Needed to Understand the Limitations and Barriers of Nanostructured Drugs in Human Body, Nanostructured Drugs has Great Prospectus But it will Exhibit Challenge for Scientists to Apply it Practically and Complexity in Manufacturing and thus the High Cost Involved with it, Leads to Overall High Costs of Nanostructured Drugs Compared to Traditional Drugs
Restraints:
FDA and Euro Regulations Always were Stringent with Regards to Drugs regulations, thus Nanostructured Drugs Being No Exception would Face Delay in the Roll Out or Manufacturing of New Nanostructured Drugs
Opportunities:
One Dimensional Nanomaterial Open a Wide Array of New Unexplored Opportunities for Nanostructured Drugs Manufacturers
Key Target Audience
Nanostructured drug manufacturers, Suppliers, and Distributors, API Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-User Industries