MAGNETIC DRIVEN DRUG DELIVERY TECHNOLOGY MARKET ANALYSIS
Key Developments
Research and development activities by major institutes to develop novel magnetic driven drug delivery technologies is expected to offer lucrative opportunities for market players. For instance, in August 2019, researchers from the Massachusetts Institute of Technology developed a nanomaterials-based technique known as remotely controlled chemomagnetic modulation that permits the pharmacological interrogation of targeted neural populations in freely moving subjects. The approach allows drugs to be released at precise times and in specific areas.
Similarly, in May 2019, researchers from Purdue University reported development of a minimally-invasive automatic antidote delivery device that automatically delivers drug to reverse opioid. The wearable device contains a magnetic field generator that is activated when the sensor detects a low respiration rate. The magnetic field generator heats up a drug capsule in the body to release naloxone in 10 seconds.
Moreover, in September 2018, researchers from Sun Yat?Sen University, China, developed a novel strategy for multimodal visualization of eccentric magnetic microcapsules (EMMs) for potential treatment of hepatocellular carcinoma.
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