Global Injectable Nanomedicine Market : Industry Analysis & Forecast 2020-2026
Author : Manisha Kashid | Published On : 26 Jul 2021
The Global Injectable Nanomedicine Market size was valued at USD 485.5 million in 2019 and is expected to reach US$ xx million by 2026, at a CAGR of 8.2% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
The Global Injectable Nanomedicine Market Definition
The nanotechnology-based drug delivery systems have wide applications in ocular diseases. The tool of nanotechnology provides several essential advantages, including sustained drug release and specific tissue targeting. Injectable nanomedicines have made an impact on cancer, CNS disease, cardiovascular disease, and infection control.
Global Injectable Nanomedicine Market Key Players
Merck & Co., Inc., Lupin, Pacira Pharmaceuticals Inc., Celgene Pharmaceutical Co. Ltd., Amgen, Inc., Janssen Biotech Inc., Johnson & Johnson Services Inc., Pfizer Inc., Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Bausch & Lomb Incorporated, Others.
Global Injectable Nanomedicine Market Dynamics
Nanomedicine has been extensively investigated in the application of different drug delivery systems for injectable routes of administration. Novel nanomedicines have been developed and utilized for the treatment of many diseases. In addition to the targeted delivery of therapeutics, nanomedicine can also be used to release drugs in a controlled manner.
This can result in improved outcomes for patients due to a reduction in toxicity, more efficient delivery of therapeutic molecules, and a longer lifetime of drugs within the body. Improvement in the balance between nanomedicine efficacy and toxicity is the opportunity for the global injectable nanomedicine market.
Many emerging economies such as Brazil, China, India, Iran, Malaysia, Mexico, Singapore and South Africa have ambitious research and development (R&D) plans for nanotechnology. Their governments need to balance short-term health needs with long-term technological investment.
Nanomedicine opens a new frontier in cancer treatment
BioNtec and Pfizer are spending onnanomedicineowing to growing demand to target tumor cancer. Their goal is to create more precise and effective cancer treatment with fewer side effects. A rising number of successful outcomes of nanomedicines in cancer patients and could represent a huge achievement for molecular medicine and biotechnology.
Global industries are now sensing business opportunities in nanomedicine. They have started realizing the commercial worth and viability of nanotechnology-based products and their impact on the national economy. It is estimated that around 100 companies are working on the scope of nanomedicine in the area of pharma or nanobiopharma. While more than half a dozen have even commercialized nanomedicine-based products. Worldwide companies like Biocon, Lifecare Innovations, Cadila, Lupin, Cipla, Sun Pharma, Ranbaxy, etc., have already commercialized nanotechnology-based products & have also extended their products to the medical research centers of North America.
Despite the recent approval of several nanomedicinal anticancer drugs, such as Onivyde and Vyxeos, the success rate of clinical translation remains relatively low.
The Striking imbalance between the ever-increasing number of preclinical studies reporting the development of more complex nanomedicines and the relatively small number of nanomedicine products approved for clinical use, on the other hand, has become a challenge for the global market.
Global Injectable Nanomedicine Market Segment Analysis
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Polymeric nanoparticles (PNP) are the major drug type segment for the injectable nanomedicine market.
The demand for polymeric nanoparticles has expressively increased in the past few years & is estimated to rise further over the forecast period. Cancer, neurodegenerative disorders, and cardiovascular diseases are fields impacted by NP technologies that push scientific boundaries to the leading edge of transformative advances for nanomedicine market.
When it comes to applications of PNPs in oral drug delivery, most PNPs have US Food and Drug Administration (FDA) and approved as safe for human use. The Asia Pacific government has been funding research and development (R&D) in the area of nanomedicine with the intention to address specific societal needs and to be a forerunner in this area.
Newly diagnosed various cancers led to an opportunity for Injectable Nanomedicine Research and Drug Development.
Innovation center of NanoMedicine researchers recently in 2021 develop ultra-small nanomedicines to target intractable cancers. This and many more ongoing cancer nanomedicine research activities in European countries resulting in the launches of nanomedicines for cancer treatment.The conduct of an integrated, milestone-driven and product-oriented program by the National Cancer Institute on cancer nanotechnology aimed at eliminating the burden of cancer. Rapidly ongoing new technology discoveries and their transformation into cancer-relevant applications in clinical practice is a great opportunity for the global market in the next five years.
Global Injectable Nanomedicine Market Regional Analysis
North America is expected to dominate the global injectable nanomedicine market during the forecast period.
As a part of a new pathway to discovery project, the US National Institute of Health (NIH) has granted US$ 42 million over five years to establish four nanomedicine development centers. The US National Science Foundation (NSF) is granting US $ 20 million over five years to a Nanoscale Informal Science Education. These kinds of government funding support to the R & D team resulting in the large number of injectable nanomedicines coming up in the treatment and diagnostic centers.
Global Injectable Nanomedicine Market Report Scope
The objective of the report is to present a comprehensive analysis of the global injectable nanomedicine market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global injectable nanomedicine market dynamics, structure by analyzing the market segments and project the global injectable nanomedicine market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global injectable nanomedicine market make the report investor’s guide.
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Global Injectable Nanomedicine Scope: Inquire before buying
Global Injectable Nanomedicine Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Injectable Nanomedicine Market Key Players
• Merck & Co. Inc.
• Pacira Pharmaceuticals Inc.
• Celgene Pharmaceutical Co. Ltd.
• Amgen, Inc.
• Janssen Biotech Inc.
• Johnson & Johnson Services Inc.
• Pfizer Inc.
• Hoffmann-La Roche Ltd.
• TevaPharmaceutical Industries Ltd.
• Bausch & Lomb Incorporated
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