Healthcare Nanotechnology (Nanomedicine) Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Healthcare Nanotechnology (Nanomedicine) Market is segmented by Application (Drug Delivery, Biomaterials, Active Implants, Diagnostic Imaging, and Tissue Regeneration), Disease (Cardiovascular Diseases, Oncological Diseases, Neurological Diseases, Orthopedic Diseases, Infectious Diseases, and Other Diseases), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the market size and forecasts in value (USD million) for the above segments.

Healthcare Nanotechnology Market Size

Healthcare Nanotechnology (Nanomedicine) Market Growth
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
CAGR 11.90 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Healthcare Nanotechnology (Nanomedicine) Market Key Players

*Disclaimer: Major Players sorted in no particular order


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Healthcare Nanotechnology Market Analysis

The healthcare nanotechnology (nanomedicine) market is expected to register a CAGR of nearly 11.9% during the forecast period.

The use of nanotechnology offers new opportunities for the development of novel strategies in terms of prevention, diagnosis, and treatment of COVID-19 and other viral infections. COVID-19 management was done with the development of nano-based materials, such as disinfectants, personal protective equipment, diagnostic systems, and nanocarrier systems, for treatments and vaccine development. According to a research article by Estefania V. R. Campos et al., published in the Journal of Nanobiotechnology in 2020, gold nanoparticles were functionalized with probes modified with thiol on the surface, which hybridize with the target and prevent the aggregation of the nanoparticles by salts and, consequently, the color change. This solution can be easily adapted for the diagnosis of COVID-19.

The healthcare nanotechnology (nanomedicine) market is being driven by various factors, such as the growing prevalence of cancer and genetic and cardiovascular diseases, increasing advancements in nanoscale technologies for diagnostic procedures, and growing preference for personalized medicines.

Nanomedicine helps improve human health and offers solutions for various life-threatening diseases, such as cancer, Parkinson's disease, Alzheimer's disease, diabetes, orthopedic diseases, and diseases related to blood, lungs, and the cardiovascular system. According to Alzheimer's Disease International, globally, there were around 50 million people with dementia in 2020. This number is expected to double every 20 years, reaching 82 million in 2030 and 152 million in 2050. Therefore, the high burden of dementia is expected to increase the demand for effective therapeutics based on nanomedicine in the management of the disease, which is expected to drive market growth.

Moreover, the market players are involved in frequent product launches to enhance their presence. For instance, in October 2020, Medtronic PLC launched its new Adaptix Interbody System, a navigated titanium spinal implant with the Titan nanoLOCK Surface Technology.

However, stringent regulatory issues and the high cost of nanoparticle-assisted medicine relative to its traditional counterparts are hindering the market's growth.

Healthcare Nanotechnology Market Trends

This section covers the major market trends shaping the Healthcare Nanotechnology Market according to our research experts:

The Oncological Diseases Segment is Expected to Show Better Growth During the Forecast Period

Nanomedicine is a promising mode of cancer treatment. This growing field of medical research can be used to discover better-personalized treatments for a wide range of diseases, including cancer. Globally, the prevalence of cancer is increasing. For instance, according to GLOBOCAN, 2020, the global cancer burden increased to 19.3 million cases and 10 million cancer deaths in 2020.

In the field of oncology, nanomedicine offers promising transformations from the existing methods of treatments and diagnosis of cancer. The adoption of nano-based cancer therapies and diagnostics witnessed noteworthy progress, and numerous new developments are currently in the pipeline.

According to a research article titled 'Recent Advances in Nanomaterials Development for Nanomedicine and Cancer', published in July 2021, a wide range of engineered nanomaterials and nanoplatforms with different shapes, sizes, and compositions has been developed for various biomedical applications. The nano-based materials and devices have also been used extensively to develop point-of-care and highly sensitive methods of cancer detection. Thus, advances in nanomedicine for the detection of cancer are driving the market's growth.

Moreover, the frequent launches of cancer medicines with nanomedicine technology are driving the market significantly. In April 2019, Nanobiotix, a clinical-stage nanomedicine company, obtained the CE approval for its Hensify (NBTXR3), an aqueous suspension of crystalline hafnium oxide (HfO2) nanoparticles designed for injection directly into the tumor before a patient's first standard radiotherapy treatment of advanced soft tissue sarcoma.

According to a research article by Ye Zhang et al., published in the Journal of Hematology & Oncology Journal 2019, researchers at the Memorial Sloan Kettering Cancer Center and Cornell University developed silica-hybrid nanoparticles (C-dots) for PET imaging of patients with metastatic melanoma or malignant brain tumors. These nanoparticles, coupled with 124I-labeled cyclo-[Arg-Gly-Asp-Tyr] (cRGDY) peptides, can selectively bind to integrins and can be used to probe tumor cells.

Healthcare Nanotechnology (Nanomedicine) Market Analysis

North America is Expected to Hold the Largest Share of the Market

The major factors attributing to the market's growth are technological advancements, coupled with relevant applications in early disease diagnosis, preventive intervention, and prophylaxis of chronic and acute disorders, which are expected to bolster the market's growth in the United States.

For instance, according to the Centers for Disease Control and Prevention, 2021, heart disease accounted for one in four deaths in the United States. Coronary heart disease is the leading cause of deaths attributable to cardiovascular disease in the United States, causing 360,900 deaths, followed by stroke (805,000). This high burden may lead to the high demand for specific therapeutic nanovectors, nanostructured stents, and implants for tissue regeneration.

Moreover, several R&D activities are ongoing in the country on drugs and diagnostics based on nanotechnology, which may drive market growth. For instance, in January 2020, researchers from Stanford University developed a drug coated with nanoparticles that limits the development of atherosclerosis in mice by reducing plaque buildup in their arteries without causing harmful side effects.

Additionally, a few of the key market players in the country are developing novel products and technologies to compete with the existing products, while others are acquiring and partnering with other companies trending in the market. In 2020, Nano-X Imaging and SPI Medical entered an agreement to distribute and introduce Nanox's novel X-ray systems in Mexico. Nanox ARC uses nanotechnology and semiconductors to replace the cathode ray tubes in traditional machines.

Additionally, during the COVID-19 pandemic, nanomedicine has been found to play a key role in the development of vaccines. Scientists and market players in the region are increasing experimental studies to find suitable and promising therapeutics that may effectively tackle the highly contagious COVID-19 virus. In October 2020, the Canadian government announced the funding of USD 18.2 million to Precision NanoSystems to develop an RNA vaccine for COVID-19. This investment will support the development of a cost-effective COVID-19 vaccine by using lipid-based drug delivery systems and nanomedicine.

Healthcare Nanotechnology (Nanomedicine) Market Report

Healthcare Nanotechnology Industry Overview

The major market players are focusing on technological advancements and improvements in drug bioavailability and drug administration. Lucrative growth opportunities due to the COVID-19 pandemic are expected to drive the entry of new players into the market. Some of the major players in the market are Sanofi SA, Pfizer Inc., Celgene Corporation, Luminex Corporation, and Taiwan Liposome Company Ltd. Moreover, several companies are working on launching nanotechnology-based medicines and diagnostic tools. For instance, in August 2020, Promimic's partner, Innovasis Inc., received the US FDA clearance to launch 3D-printed implants used in spinal fusion surgery. In addition, these implants use Promimic's HAnano Surface Technology, a bioactive nano treatment for implant device surfaces that leads to increased molecular anchoring of medical implants.

Healthcare Nanotechnology Market Leaders

  1. Sanofi SA

  2. Pfizer Inc.

  3. Taiwan Liposome Company Ltd

  4. Johnson & Johnson

  5. Bristol-Myers Squibb Company

*Disclaimer: Major Players sorted in no particular order

Sanofi SA, Pfizer Inc., Taiwan Liposome Company Ltd, Johnson & Johnson, Bristol-Myers Squibb Company

Healthcare Nanotechnology Market News

  • In January 2022, NaNotics LLC entered a research collaboration with Mayo Clinic to develop a NaNot that targets the soluble form of PD-L1, a tumor-generated immune inhibitor.
  • In March 2021, a collaboration between two Barcelona institutions and the Nanomedicine Lab at the University of Manchester received EUR 12million in funding for the advancements in the European medical nanotechnology industry.

Healthcare Nanotechnology Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Prevalence of Cancer and Genetic and Cardiovascular Diseases

      2. 4.2.2 Increasing Advancements in Nanoscale Technologies for Diagnostic Procedures

      3. 4.2.3 Growing Preference for Personalized Medicines

    3. 4.3 Market Restraints

      1. 4.3.1 High Costs

      2. 4.3.2 Stringent Regulations for Commercial Introduction

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Application

      1. 5.1.1 Drug Delivery

      2. 5.1.2 Biomaterials

      3. 5.1.3 Active Implants

      4. 5.1.4 Diagnostic Imaging

      5. 5.1.5 Tissue Regeneration

    2. 5.2 By Disease

      1. 5.2.1 Cardiovascular Diseases

      2. 5.2.2 Oncological Diseases

      3. 5.2.3 Neurological Diseases

      4. 5.2.4 Orthopedic Diseases

      5. 5.2.5 Infectious Diseases

      6. 5.2.6 Other Diseases

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. France

        2. Germany

        3. United Kingdom

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Sanofi SA

      2. 6.1.2 Bristol-Myers Squibb Company

      3. 6.1.3 CytImmune Sciences Inc.

      4. 6.1.4 Johnson & Johnson

      5. 6.1.5 Luminex Corporation

      6. 6.1.6 Merck & Co. Inc.

      7. 6.1.7 Nanobiotix

      8. 6.1.8 Pfizer Inc.

      9. 6.1.9 Starpharma Holdings Limited

      10. 6.1.10 Taiwan Liposome Company Ltd

      11. 6.1.11 Copernicus Therapeutics Inc.

      12. 6.1.12 NanoCarrier Co. Ltd

      13. 6.1.13 Ensysce Biosciences Inc.

      14. 6.1.14 Ocuphire Pharma Inc.

      15. 6.1.15 LiPlasome Pharma ApS

      16. 6.1.16 Nami Therapeutics Corp.

      17. 6.1.17 Nanospectra Biosciences

      18. 6.1.18 CytImmune Sciences

      19. 6.1.19 Genetic Immunity

      20. 6.1.20 Spago Nanomedical AB

    2. *List Not Exhaustive

**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments

Healthcare Nanotechnology Industry Segmentation

As per the scope of the report, the healthcare nanotechnology (nanomedicine) market includes products that are nanoformulations of the existing drugs or new drugs, or nanomaterials. The market is segmented by application (drug delivery, biomaterials, active implants, diagnostic imaging, and tissue regeneration), disease (cardiovascular diseases, oncological diseases, neurological diseases, orthopedic diseases, infectious diseases, and other diseases), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size and forecast in value (USD million) for the above segments.

By Application
Drug Delivery
Active Implants
Diagnostic Imaging
Tissue Regeneration
By Disease
Cardiovascular Diseases
Oncological Diseases
Neurological Diseases
Orthopedic Diseases
Infectious Diseases
Other Diseases
By Geography
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Healthcare Nanotechnology Market Research FAQs

The Healthcare Nanotechnology (Nanomedicine) Market is projected to register a CAGR of 11.9% during the forecast period (2023-2028).

Sanofi SA, Pfizer Inc., Taiwan Liposome Company Ltd, Johnson & Johnson and Bristol-Myers Squibb Company are the major companies operating in the Healthcare Nanotechnology (Nanomedicine) Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Healthcare Nanotechnology (Nanomedicine) Market.

Healthcare Nanotechnology (Nanomedicine) Industry Report

Statistics for the 2023 Healthcare Nanotechnology (Nanomedicine) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Healthcare Nanotechnology (Nanomedicine) analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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