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Report Overview
The global nanotechnology market attained a value of nearly USD 1.76 Billion in 2024. The market is further expected to grow at a CAGR of 10.00% during the forecast period of 2025-2034 to reach a value of USD 4.56 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- Nanotechnology significantly contributes to the economy of a country by creating job creation, bolstering industrial productivity, and fostering innovation across various sectors such as manufacturing, healthcare, electronics, and energy. In 2022, the economic impact of nanotechnology on the US economy was between USD 67 billion and USD 83 billion. This economic value is anticipated to attract investment from public funding and private investors in the nanotechnology market.
- Healthcare and medicare spending globally is significantly growing due to the growing geriatric population, advancements in medical technology, rising prevalence of health issues, and surging focus on preventative care. In 2023, healthcare spending in the United States grew by 7.5% to USD 4.9 trillion while medicare spending surged by 8.1% to reach USD 1,029.8 billion. This increasing healthcare spending is surging the focus on precision medicine, early diagnostics, and drug delivery systems, boosting the applications of nanotechnology to improve patient care, bolster treatment outcomes, and lower healthcare costs.
- Nanotechnology, due to its flexibility, durability, and lightweight design, is widely used in wearable health tracking devices to enhance their miniaturisation, durability, performance, and functionality. Reportedly, 44% of Americans own wearable health tracking devices like smart rings and smartwatches. As wearables become more mainstream, the demand for nanotech-based solutions in sectors such as fitness, healthcare, and sports is increasing.
Competitive Landscape
Key nanotechnology market players are actively investing in research and development activities (R&D) to create new nanomaterials, explore new applications of nanotechnology, and drive technological advancements. Nanotechnology companies are also focusing on developing sustainable nanotechnologies for use in applications such as renewable energy, water purification, and environmental monitoring, among others.
Key Industry Players
Applied Nanotech Inc
Applied Nanotech Inc, headquartered in Texas, United States and founded in 1989, is a company that develops novel nano-materials and processes that form the foundation of sectors like defence, nuclear energy, high-energy physics, manufacturing, and microelectronics. Some of its processes and products are carbon foils and unique printable conductive metallic inks and paste materials.
Advanced Nano Products Co Ltd
Advanced Nano Products Co Ltd, founded in 2000 and headquartered in Sejong, South Korea, is a leader in the nanotechnology industry. It is engaged in developing and supplying advanced nanomaterials to businesses in sectors such as semiconductor, display, photovoltaic, and speciality film, among others.
Bruker Corporation
Bruker Corporation, founded in 1960 and headquartered in Massachusetts, United States, is a company that offers high-value analytics and diagnostics solutions and high-performance scientific instruments to explore life and materials at cellular, molecular, and microscopic levels. The company also offers high-value and differentiated life science and diagnostics systems and solutions in clinical phenomics research, preclinical imaging, functional structural and condensate biology, proteomics and multiomics, clinical microbiology and molecular diagnostics, and spatial and single-cell biology.
Espin Technology Inc.
Espin Technology Inc., headquartered in Tennessee, United States, and established in 1998, is a high-tech manufacturing company that specialises in custom-engineered nanofiber production. Its nanofibres are widely used in different applications, including bio-protective military and medical clothing, drug delivery systems, filters, barrier fabrics, cosmetic additives, fuel cell membranes, and tissue scaffolding, among others.
Other key players in the nanotechnology market include Altair Nanotechnologies Inc., Biosensors International Group Ltd., Imina Technologies SA, Nanonics Imaging Ltd., DuPont de Nemours, Inc., and Arkema Group, among others.
Nanotechnology Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global nanotechnology market attained a value of nearly USD 1.76 Billion.
The market is projected to grow at a CAGR of 10.00% between 2025 and 2034.
The major drivers of the market are development of self-powered nanotech devices, growing preference for nanotechnology in medical imaging and diagnostic applications, favourable policies by various governments, and growing technological advancements.
The growing research and development activities by various governments and private organisations and rising demand from the developing regions are the key trend guiding the growth of the nanotechnology market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Nano sensors and nano device are the major nanotechnology types in the market. Nano sensors are further subdivided by type into optical nano sensor, chemical nano sensor, physical nano senso, and biosensors, among others, while nano devices are subcategorised by type into nanomanipulator, nanomechanical test instruments, and nanoscale infrared spectrometers, among others.
The significant applications of the product include electronics, energy, chemical manufacturing, aerospace and defence, and healthcare, among others.
The major players in the market are Altair Nanotechnologies Inc., Applied Nanotech Inc, Advanced Nano Products Co Ltd, Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Imina Technologies SA, Nanonics Imaging Ltd., DuPont de Nemours, Inc., and Arkema Group, among others.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 4.56 Billion by 2034.
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