NANOPHARMACEUTICALS MARKET ANALYSIS
The global nanopharmaceuticals market size was valued at US$ 28,434.3 million in 2017, and is expected to exhibit a CAGR of 22.1 % over the forecast period (2018–2026).
Figure 1. Global Nanopharmaceuticals Market Value (US$ Mn), by Region, 2017
Source: Coherent Market Insights Analysis (2018)
Figure 2. Global Nanopharmaceuticals Market Share (%), by Carrier Type, 2018 and 2026
Source: Coherent Market Insights Analysis (2018)
Increasing prevalence of cancer and neurological diseases is expected to propel growth of the global nanopharmaceuticals market
Nanopharmaceuticals are used in various conditions such as cancer, neurological disorders, and other diseases. Moreover, high prevalence of cancer globally, is expected to drive the market growth. According to World Health Organization (WHO), September 2018 factsheet, around 9.6 million deaths occurred due to cancer, and the disease was second leading cause of death, globally.
Increasing incidences of neurodegenerative diseases such as Alzheimer’s disease and Parkinson’s disease is expected to propel growth of the global nanopharmaceuticals market over the forecast period. According to the World Alzheimer Report 2015, around 46 million people were diagnosed with dementia worldwide in 2015, which was estimated to increase to around 131.5 million by 2050.
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