“Nanoscience technology is expected to account for the major share of future drug delivery market”
Taking into account the growing need for drastic improvements in current disease treatment, there is a paradigm shift in disease management towards the nanotechnology-based solutions. This shift is mainly due to the versatility of products offered by this technology as they have potential applications into various aspects of disease prevention and treatment such as drug delivery systems, imaging techniques, and diagnostic tests. Development of nano-medical devices including quantum dots, nanoparticles, nanoshells, nanotubes, and nano-devices are anticipated to provide the healthcare industry with a wide range innovative solutions for targeted therapeutic delivery and diagnostic capability going down to a molecular level in real time.
"Nanomedicine products: Typology"
Majority of the commercial applications of nanotechnology in medicines are geared towards the therapeutics and drug delivery systems. On the other hand, in recent years, metallic nanoparticles have received significant attention for usage in in-vivo imaging.
Some of the novel applications that are under R&D include nanostructures for transportation of therapeutic substances across biological barriers, scaffolds for tissue replacement, remote control of nanoprobes, and integrated implantable sensory nanoelectronic systems.
"Nanotechnologies: Future in healthcare"
Gradual evolution of nanomedicines have made a significant impact on human healthcare over the past decades. Continuous advancements in nano-scale particles and products have revolutionized disease treatment and drug delivery systems through providing effective and safer delivery of a considerable number of drugs. As a consequence of advancements in nano-molecules and ongoing product innovations, nanotechnology is anticipated to gain significant ground in the various aspects of future healthcare landscape.
"Metal nanoparticles in disease management"
Among the wide range of nanoparticles, metallic nanoparticles have been recognized as attractive vehicles for the target-specific gene-silencing moieties and drug delivery in management of diseases such as cancer. In particular, gold nanoparticles based solutions holds a great promise in cancer research and AIDS treatment. Other commercially available metallic nanoparticles-based solutions/tools are based on zinc oxide, silver oxide, iron oxide, copper oxide, and aluminum oxide nanoparticles.
Major entities are engaged in the development of nanoscience-based solutions owing to the wide application profile of nanoparticles in human disease management. Several of these entities have put nanoparticle based medicines forward for approval by the FDA. Owing to the rapid advances in the field of nanotechnology, several companies are observed to take advantage of these advancements and are geared to capitalize the untapped potential of the market. Moreover, companies with products in pipeline and clinical studies are expected to experience immense growth in the near future. This is mainly due to the growing popularity and rising awareness amongst the population about the pivotal role of nanomedicines in the human healthcare.
In-depth report on global nanomedicine market by Grand View Research:
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