DNA Nanotechnology Market to Grow with Impressive CAGR During the Forecast Period
Global DNA Nanotechnology
Market is driven by evolving applications of nano-medical
devices in the forecast period, 2023-2027.
According to TechSci Research report, “DNA
Nanotechnology Market - Global Industry Size, Share, Trends, Competition, Opportunity
and Forecast, 2017-2027”, the global DNA nanotechnology market is
expected to grow at an impressive CAGR in the forecast period, 2023-2027, on
account of rapidly increasing adoption of nanotechnology in the pharmaceutical
sector.
Increasing application of targeted drug delivery is further driving the
growth of the global DNA nanotechnology market in the upcoming five years. Growing
prevalence of cancer, genetic diseases, and cardiovascular diseases further
substantiates the growth of the global DNA nanotechnology market in the future
five years.
Also, technological advancement and innovative product development
through nanoscale technologies for effective diagnosis further supports the
growth of the global DNA nanotechnology market in the forecast period. Also,
rising demand for the personalized medicine and genetic medicine is expected to
drive the growth of the global DNA nanotechnology market in the forecast
period.
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The global DNA nanotechnology market is segmented based on type,
application, end user, regional distribution, and competitive landscape. On the
basis of application, the market is fragmented into targeted drug delivery,
smart pills, nanolithography, and others. Targeted drug delivery is anticipated
to hold the largest revenue shares of the market and dominate the market
segment in the upcoming five years due to increasing demand for efficient drug
delivery to the targeted organs.
Also, increasing instances of cancer and targeted drug delivery system
for cell apoptosis to remove tumor caused by cancerous cells is also expected
to substantiate the growth of the global DNA nanotechnology market in the
forecast years. Smart pills are also expected to register significant growth in
the future five years on account of increasing demand for personalized medicine
and nanomedicine. Smart pills are shaped like pills but perform advanced
functions like sensing, imaging, and drug delivery.
Based on end user, the market is segmented into biotechnology &
pharmaceutical companies, academic & research institutions, and others.
Biotechnology and pharmaceutical companies are anticipated to hold the largest
revenue shares of the market and dominate the market segment in the upcoming
five years on account of increasing adoption of DNA nanotechnology in
pharmaceutical products.
Also, increasing advancement of nanomedicine is further anticipated to
support the growth of the sub-segment and thus the growth of the global DNA
nanotechnology market in the next five years. Academic & research institutions
are also anticipated to register significant growth in the future five years on
account of increasing research and development of pharmaceuticals,
therapeutics, and medical devices with the use of nano-technology and thus
support the growth of the global DNA nanotechnology market in the forecast
years, until 2027F.
Some of the market players, dominating the global DNA nanotechnology market
are:
·
NuProbe USA Inc.
·
tilibit nanosystems GmbH
·
GATTAquant GmbH
·
Genisphere LLC
·
Inovio Pharmaceuticals, Inc.
·
Novartis International AG
The existing market players
are highly invested in research and product development along with viable
service provisions for the consumers. New market entrants may follow similar
strategies along with mergers and acquisitions for future brand establishment.
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“North America is anticipated to dominate the market and hold
largest revenue shares of the market in the upcoming five years. The growth of
the region can be attributed to the factors like rapidly increasing
technological advancement along with applications of technology in diagnosis of
various diseases, effective treatment and efficient preventive measures taken
in the United States. Moreover, increased investment from the governmental
authorities and private investment through pharmaceutical companies and
healthcare investors is further anticipated to support the growth of the global
DNA nanotechnology market. Additionally, increasing cardiovascular diseases in
the countries like the US is also substantiating the growth of the global DNA
nanotechnology market. Demand for the nano-medical devices and DNA
nanotechnology for the targeted drug delivery to the CVD patients further aids
the growth of the global DNA nanotechnology market in the forecast years,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“DNA Nanotechnology
Market - Global Industry Size, Share, Trends, Competition, Opportunity and
Forecast, 2017-2027, Segmented
By Type (Structural DNA Nanotechnology {Extended Lattices, Discrete Structures,
Templated Assembly} v/s Dynamic DNA Nanotechnology {Nanomechanical Devices v/s
Strand Displacement Cascades}), By Application (Targeted Drug Delivery, Smart
Pills, Nanolithography, Others), By End User (Biotechnology &
Pharmaceutical Companies, Academic & Research Institutions, Others), By
Region”, has evaluated
the future growth potential of global DNA nanotechnology market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global DNA nanotechnology market.
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