Global Nanobiotechnology Market Is Expected to Reach Usd 46,870.5 Mn by 2023: Credence Research

Global Nanobiotechnology Market is Expected to Reach

USD 46,870.5 Mn by 2023: Credence Research

The latest market report published by Credence Research, Inc. “Global Nanobiotechnology Market Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2023,” the nanobiotechnology

market was valued at USD 31,450.8 Mn in 2015, and is expected to reach USD 46,870.5 Mn by 2023,

expanding at a CAGR of 8.7% from 2016 to 2023.

Browse the full report Nanobiotechnology Market - Growth, Share, Opportunities, Competitive Analysis,

and Forecast, 2016 – 2022 report at http://www.credenceresearch.com/report/nanobiotechnologymarket

Market Insights:

Nanobiotechnology market comprises of technologies such as bionanomaterials, nanoparticles,

nanocrystals, quantum dots, liposomes, polymer structures dendrimers, nanopores, and intergrated

nanostructures. The rising prevalence of cancer, increasing public awareness related to novel treatments

for cancer, and constant technological upgradation in the field of nanotechnology research and

development. The major restrains of this market especially in emerging and underdeveloped economies

are scarcity of resources and mounting technological cost. However, rising demand from pharmaceutical

domain is expected to open up novel growth opportunities within the forecast period. On the basis of

application nanobiotechnology market is segmented into drug delivery, sequencing, biologic imaging,

research tools and microbicide. Biotechnology and pharmaceutical industries are expected to remain the

largest end-users of nanobiotechnology. Market experts suggested that drug delivery is the most crucial

pharmaceutical application and now is the most focused area in nanobiotechnology. In drug delivery

application apart from solving solubility issues of drug it also assists to enhance intracellular delivery

possibilities and the level of skin permeability in transdermal drug delivery. Nanobiotechnology has

multitude of...