Nanoscience is the study of extremely small things. The development of nanotechnology is being growing in many fields, as it has various applications, such as in chemistry, biology, physics, materials science and engineering. Nanotechnology deals with the use of nanoparticle of size of 1 to 100 nm to be used in all major field of medical. Materials designed from nanotechnology are lighter, stronger and more durable. In oncology research, nanotechnology assists in cancer eradication. Nanotechnology based device are also used in fitness monitoring.
The Global Nanotechnology Market is expected to reach USD 24.56 billion by 2025, from USD 7.24 billion in 2017 growing at a CAGR of 16.5% during the forecast period of 2018 to 2025. The market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Some of the major players operating in the global nanotechnology market are Altair Nanotechnologies Inc., Nanophase Technologies Corporation, Nanosys, Inc., Unidym, Inc., Ablynx, ZyvexCorporation, Acusphere, Inc., Chasm Technologies, Inc., PEN, Inc., Bruker Nano GmbH, Advanced Diamond Technologies, Inc., Advanced Electron Beams (AEB), ACS Material, Abraxis, Inc., Bruker, Agilent, Nanosurf AG, Nanoscience Instruments, Hysitron, Inc., Malvern Panalytical among others.
Market Segmentation: Global Nanotechnology Market
· The global nanotechnology market is segmented based on product type, application, industry and geographical segments.
· By Product Type (Nano Composites, Nano Materials, Nano Tools, Nano Devices, Others), By Applications (Healthcare, Environment, Energy, Food & Agriculture, Information & Technology, Others), By Industry (Electronics, Cosmetics, Pharmaceutical, Biotechnology, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
· Based on product type , the market is segmented into nano-composites and nano materials, nano tools, nano devices, and others. Nano-composites are further sub segmented into nanoparticles, nanotubes and nano clays. Nano materials are further sub-segmented into nano fibers, nano ceramic products and nano magnetics. Nano tools are further sub-segmented into nanolithography tools and scanning probe microscopes. Nanodevices are further sub-segmented into nanosensors and nanoelectronics.
· On the basis of application, the market is further segmented into healthcare, environment, energy, food & agriculture, information & technology and others.
· Based on industries, the market is segmented into electronics, cosmetics, pharmaceutical, biotechnology and others.
· Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America,
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Major Market Drivers and Restraints:
· High technological advancements and applications of nanotechnology
· Rising R&D activities of major players in the field of nanotechnology
· Rising demand of nanotechnology based devices or equipment
· High cost of Nano based devices
· Lack of skilled professionals
The global nanotechnology market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of absorbable and non-absorbable sutures market for global, Europe, North America, Asia Pacific and South America
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