Biomedical Applications of Nanotechnology Exhibits Superlative Growth

Biomedical applications of nanotechnology is expected to close at US$ 750 Million by 2013, equating to a CAGR of over 30% since 2010, says RNCOS.

 

Noida, UP -- (ReleaseWire) -- 12/22/2011 -- Nanotechnology is an evolving technology that has influenced a large number of industrial segments and is set to play a pivotal role in various industry segments in the coming years. The technology has proven its significance in today’s cut-throat competitive world. The economic activity generated from nanotech has been high in magnitude and wide in scope. According to our research report, “Nanotechnology Market Forecast to 2013”, nanotechnology-based products are anticipated to have a huge impact on nearly all-industrial sectors and will enter the consumer market in large quantities.

The convergence of nanotechnology and biotechnology has given rise to biomedical applications of nanotechnology. Usage of nanotechnology in biomedical sciences refers to the formation of material and devices to act together with the body at sub-cellular scales, however with a higher specificity degree. This technology can be useful in targeting cellular and tissue-specific clinical applications to obtain maximum therapeutic effects with very less or negligible bad-effects.

As the applications of nanotechnology in biomedical sciences represents several revolutionary opportunities to deal with complicated diseases (all kinds of cancer, cardiac, and neurodegenerative disorders, infection, etc), the market will witness stupendous growth in near future.

Usage of nanoparticles in biomedical sciences posted a year-on-year growth of over 37% in 2009 . The segment is expected to close at US$ 750 Million by 2013, equating to a CAGR of over 30% since 2010. The report also reveals that, at the regional level, the US is the most prominent market and accounts for an estimated share of around 35% of the global nanotechnology market.

Our report, “Nanotechnology Market Forecast to 2013”, is a comprehensive research report conducted prudently with quality research and in-depth analysis, and integrates authentic statistics of the global nanotechnology market. In this report, our team of analysts have studied the emerging market trends, recent developments, and their impact on the market along with an in-depth analysis of nanotechnology patents. It is anticipated to facilitate clients with an integrated information on leading-edge opportunities, prospective customer base, key players, expected future outlook, and all other factors critical to the success of a new entrant in the global nanotechnology market. Overall, Overall, the report offers a comprehensive analysis of each and every aspect of the nanotechnology market.

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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.