A complete analysis of the Asia pacific nanomedicine market would assist professionals in their business related decisions. The projections in this report are made by analyzing the current market trends and the market potential for 2014-2020, in terms of value.
Portland, OR -- (SBWIRE) -- 07/19/2017 -- Nanomedicine is the applied branch of nanotechnology. Application of nanomedicines ranges from nonmaterial to nanoelectronic and in the near future, it could possibly expand to molecular nanotechnology. Biological, pharmaceutical and medical research organizations (CROs) are largely benefitted by the exceptional properties of nonmaterial and exploit it for various applications including diagnosis and treatment of diseases. The Asia pacific nanomedicine market is majorly driven by advancement in nanomedicine technologies, government initiatives, growing investment in research funding, better understanding of technical know-how and a high prevalence of chronic diseases. However, the cost of materials used in nanotechnology study along with the insufficient regulatory framework can pose a major restrain for the growth of the Asia pacific nanomedicines market. Presence of high growth opportunities in nanomedicines would provide significant benefits to emerging economies such as India and China due to the impending healthcare needs in this location.
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Asia Pacific nanomedicine market is segmented on the basis of application and geography. Based on application, the market is segmented into several categories, such as, Cardiovascular, Oncology, Anti-Inflammatory, Anti-Infective, Neurology and Others. Nanomedicine has found application in tumor targeting and has replaced many conventional products. The Asia pacific nanomedicine market is segmented by geography into China, Japan, India, Australia and others. India and China are emerging countries that holds large untapped opportunities for the growth of nanotechnology owing to rising healthcare expenditure and R&D spending.
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Abbott Laboratories, AstraZeneca plc, GlaxoSmithKline plc, Bristol-Myers Squibb Co., GE Healthcare, Merck & Co Inc., and Pfizer Inc. are some of the key leaders in Asia Pacific nanomedicine market. Key players of this market are focusing on the strategy of collaboration to bring the new applications and technologies into the Asia pacific market. Also, a major part of their focus is on the cardiovascular segment due to a high prevalence of cardiovascular diseases which require highly efficacious treatment with accurate diagnosis.