Global Nanotechnology Market is Expected to Grow at a CAGR of 10% in the Forecast Period of 2024-2032

The global nanotechnology market is being significantly driven by the increasing adoption of the technology in the healthcare sector. The leading field of research in nanomedicine is medication delivery, contributing to more than 75% of scientific publications, and in vitro diagnostics with a share of more than 10%. The European Union nations account for more than 35% of all nanomedicine publications globally, contrasted with 32% for the United States, and 18% for Asia. Research efforts in nanomedicine are propelled by major government funding programs in nanotechnology. Three nations–the United States, Germany, and Japan–have committed themselves to nanomedicine through the establishment of a research-based programme in nanomedicine.

The technological advancements and innovations taking place in the industry are further driving the industry forward. In September 2020, Bruker Corporation (NASDAQ: BRKR), one of the key players in the industry, introduced the Nanoscale Infrared Spectroscopy, along with Chemical Imaging SNOM/AFM Microscopy System, which is equipped with Broadband Femtosecond IR Laser.

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Market Analysis by Type, Applications, and Regions:

• The types of nanotechnology can be divided into nano sensors and nanodevices. Nano sensors can be segmented into optical nano sensors, chemical nano sensors, physical nano sensors, and biosensors, among others. Nano devices are divided into nanomanipulator, nanomechanical test instruments, nanoscale infrared spectrometers, and others.

• It finds wide applications in electronics, energy, chemical manufacturing, aerospace and defence, and healthcare, among others.

• The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The market is being driven by the rising technological advancements.

• The increasing adoption of nanotechnology in medical diagnosis as well as imaging is driving the market growth.

• The increasing support from the government, like increased funding in R&D, is propelling the market growth further.

• The introduction and rising popularity of self-powered nanotech devices are likely to boost market development.

Key Offerings of the Report:

• The EMR report gives an analysis of the global nanotechnology market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, and regional markets of nanotechnology.

• It assesses the market based on the SWOT and Porter’s Five Forces model.

The major key players in the global nanotechnology market include companies like Altair Nanotechnologies Inc., Applied Nanotech Inc, Advanced Nano Products Co Ltd, Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Imina Technologies SA, Nanonics Imaging Ltd., DuPont de Nemours, Inc., and Arkema Group, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

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