Global Nanopharmaceuticals Market Overview
Nanopharmaceuticals market was valued at US$ 26 Billion in 2024 and is projected to grow at a CAGR of 6.80% to reach US$ 47.3 Billion by 2034.
Nanopharmaceuticals is defined as nanotechnology-based pharmaceuticals. Nanopharmaceuticals are particles in the size range 10 to 1,000 nanometers of specific matter used in the production of drugs. As a result of shape and composition, the medicines have several advantages to offer over the normal medicines. The technology is still in evolution stages and has potential to bring advancement not only in therapeutics but also in detecting diseases and targets. Additionally, cost-effectiveness is one factor that is making it popular.
Global Nanopharmaceuticals Market Drivers & Restraints
Growth in the prevalence of chronic diseases such as infectious diseases, cancer, and cardiovascular diseases, is one of the main driver propelling the global nanopharmaceuticals market. Prominent players are investing on large scale in the nanopharmaceuticals market in order to launch improved medicines in the target market. The advancements in the nanopharmaceuticals are probably to address therapeutics for critical diseases, which are yet to be explored. For example, In August 2017, Jazz Pharmaceuticals, a key player of nano-pharmaceuticals market received FDA approval for Vyxeos. Vyxeos is primarily used for the treatment of acute myeloid leukemia. Registering the developments and pace of research underway for nanopharmaceuticals, global nano-pharmaceuticals market is estimated to rise at a significant pace in the coming years.
However, factors such as toxicity issues, less solubility of nanopharmaceuticals, and its functioning need to be addressed on a wider scale. If not, these factors might limit the growth of the global nanopharmaceutical market over the forecast period.
Global Nanopharmaceuticals Market Segmentations & Regional Insights
The global Nanopharmaceuticals market is segmented based on drug carrier, application, distribution channel, and region.
On the basis of drug carrier, the global nanopharmaceuticals market is segmented into liposomes, polymer, nanocrystals, inorganic, protein, and others. On the basis of application, the target market is classified into oncology, neurology, anti-inflammatory/immunology, anti-infective, cardiovascular/physiology, and others. On the basis of distribution channel, the target market is classified into hospital pharmacies, retail pharmacies, and online pharmacies.
Regional Insights:
On region the global nanopharmaceuticals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to register highest share of the global nanomedicine market and maintain its position over the forecast period, owing to growing presence of patented nanomedicine products. Additionally, rapid acceptance of nanomedicine and the availability of advanced healthcare infrastructure and are some of the other major factors that are projected to improve the growth of the nanopharmaceuticals market in North America in the future. Moreover, Asia Pacific is anticipated to register substantial growth, owing to growing contribution from India, China, and Indonesia. Further, the growing investments in research and development activities for the introduction of advanced therapies and drugs are estimated to speed up the growth of this region over the forecast period.
Attribute |
Details |
Base year for estimation |
2024 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
Market Segmentation |
By Drug Carrier - Liposomes, Polymer, Nanocrystals, Inorganic, Protein, and Others By Application- Oncology, Neurology, Anti-inflammatory/Immunology, Anti-infective, Cardiovascular/Physiology, and Others By Distribution Channel - Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global nanopharmaceuticals market report based on drug carrier, application, distribution channel, and region.
Nanopharmaceuticals Market, By Drug Carrier:
- Liposomes
- Polymer
- Nanocrystals
- Inorganic
- Protein
- Others
Nanopharmaceuticals Market, By Application:
- Oncology
- Neurology
- Anti-inflammatory/Immunology
- Anti-infective
- Cardiovascular/Physiology
- Others
Nanopharmaceuticals Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Nanopharmaceuticals Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Rest of Europe
- Italy
- Russia
- France
- UK
- Germany
- Asia Pacific
- Rest of Asia Pacific
- South Korea
- Japan
- India
- China
- Latin America
- Rest of Latin America
- Mexico
- Brazil
- Middle East & Africa
- Rest of Middle East & Africa
- South Africa
- Israel
- GCC
Global Nanopharmaceuticals Market Competitive Landscape & Key Players
The key players operating the global nanopharmaceuticals market includes Teva Pharmaceuticals Industries Limited, AbbVie Inc., JOHNSON & JOHNSON, Novartis AG, Hoffmann-La Roche AG, Shire Plc., Pfizer Inc., Merck & Co., Sanofi S.A., AMAG Pharmaceuticals, and Amgen Inc. Prominent players are bringing several developments and strategies in the market to increase foothold in the market. Prominent players are expanding their reign by merging, acquisitions, and collaborations. For instance on April 2020, Merck announced that the Phase 3 KEYNOTE-177 trial evaluating first-line treatment of KEYTRUDA, Merck’s anti-PD-1 therapy, in patients with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) unrespectable or metastatic colorectal cancer met one of its dual primary endpoints of progression-free survival (PFS).
Global Nanopharmaceuticals Market Company Profile
- Teva Pharmaceuticals Industries Limited
- AbbVie Inc.
- JOHNSON & JOHNSON
- Novartis AG
- Hoffmann-La Roche AG
- Shire Plc.
- Pfizer Inc.
- Merck & Co.
- Sanofi S.A.
- AMAG Pharmaceuticals
- Amgen Inc.
Global Nanopharmaceuticals Market Highlights
FAQs
The global nanopharmaceuticals market is segmented based on drug carrier, application, distribution channel, and region.
Growth in the prevalence of chronic diseases such as infectious diseases, cancer, and cardiovascular diseases, is one of the main drivers propelling the global nanopharmaceuticals market.
North America is expected to register the highest share of the global nanomedicine market and maintain its position over the forecast period, owing to the growing presence of patented nanomedicine products. Additionally, rapid acceptance of nanomedicine and the availability of advanced healthcare infrastructure and are some of the other major factors that are projected to improve the growth of the nanopharmaceuticals market in North America in the future.
Prominent players are bringing several developments and strategies in the market to increase foothold in the market. Prominent players are expanding their reign by merging, acquisitions, and collaborations. For instance, on April 2020, Merck announced that the Phase 3 KEYNOTE-177 trial evaluating first-line treatment of KEYTRUDA, Merck’s anti-PD-1 therapy, in patients with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) unresectable or metastatic colorectal cancer met one of its dual primary endpoints of progression-free survival (PFS).