PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529587
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529587
Global nanotechnology drug delivery market is estimated to be valued at USD 97.10 Bn in 2024 and is expected to reach USD 203.21 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 97.10 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 11.10% | 2031 Value Projection: | US$ 203.21 Bn |
Nanotechnology-based drug delivery address many challenges in pharmaceutical research and development. By facilitating targeted and controlled delivery of therapeutic agents, nanotechnology improves the solubility, stability and bioavailability of drug payloads. Various nanocarriers such as liposomes, polymeric nanoparticles, inorganic nanoparticles and dendrimers are being investigated for their ability to encapsulate drug molecules and transport them efficiently to target sites in the body. Ongoing research in material engineering and surface functionalization can optimize these nanocarriers for achieving optimal pharmacokinetic and biodistribution profiles. Global nanotechnology drug delivery market can witness growth as this field translates cutting-edge research into safe and effective medical solutions.
Global nanotechnology drug delivery market growth is driven by the ability of nanocarriers to overcome many limitations of conventional drug delivery. Nanocarriers can enhance solubility of poorly soluble drugs and protect therapeutic payloads from degradation, thus, improving bioavailability. Their small size enables achievement of passive targeting to tumor sites via enhanced permeability and retention effect. Active targeting using surface ligands helps to deliver high drug concentrations specifically to diseased cells while avoiding toxicity to healthy tissues. However, factors such as complexity of nanocarrier design, high research costs, and regulatory challenges related to long-term safety and toxicity assessment can hamper the market growth. The introduction of multifunctional nanocarriers and continuing material optimization can offer new opportunities to develop therapeutics for previously undruggable targets and expand applications to newer disease areas.
Detailed Segmentation-