Nanomedicine Market Expected To Fuel Industry Growth With $410.15 Billion By 2030: Grand View Research Inc.
Nanotechnology was earlier thought of having good things in store only for the technology sector; however, it has spread its wings to work its charm in other sectors also, most notably healthcare, through introduction of nanomedicines. So, how have they exactly changed the face of this critical sector? The global nanomedicine market size is expected to reach USD 410.15 billion by 2030 , expanding at 11.57% CAGR from 2023 to 2030 , according to a new report by Grand View Research, Inc. The advantages of nanomedicine in numerous healthcare applications, the emergence of novel drug delivery technologies, and the rise in demand for safe and affordable treatments are all contributing to the expansion of the nanomedicine industry. The adoption of nanomedicines is driven by the rise in the prevalence of chronic diseases like cancer and cardiovascular disease. Additionally, the demand for nanomedicine is expanding due to the growing elderly population, and the increase in patients with