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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Nanotechnology Market Analysis
Factors such as the technological advancements in nanotech devices and the rise in the adoption of nanotechnology in medical diagnosis and imaging are driving the growth of the global nanotechnology market. The rise in efforts by the governments across the nations, increased R&D funding, and the advent of self-powered nanotech devices are expected to offer lucrative opportunities for the nanotechnology market growth over the forecast period. Problems arising from the installation of nanodevices under extreme conditions and high technology costs, however, serve as significant obstacles, hampering the growth of the nanotechnology market.
Nanotechnology Market Report Snapshots
Nanotechnology Market Analysis
*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 2023, the global nanotechnology market attained a value of nearly USD 1.60 billion.
The market is projected to grow at a CAGR of 10% between 2024 and 2032.
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.
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