Pharmaceutical Analytical Chemistry: Open Access
Open Access

34th International Conference on Nanomedicine & Pharmaceutical Nanotechnology

Supriyo Bandyopadhyay^{* *}Correspondence: Supriyo Bandyopadhyay, Virginia Commonwealth University, USA, Email:

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According to the surveys, over 2.1 billion people lack safe drinking water at home, and around 1 billion people lack proper sanitation. Potable water has been a growing unease in the world for relatively a few years, and this condition is primary to a demand for water purification which is generating prospects for the merchants within the nanotechnology market that had an estimation of $48.89 billion as of 2018. Furthermore, owing to the application of nanotechnology in various sectors, the demand for the same is poised to observe an escalation at a profitable compound annual growth rate (CAGR) of 13.55% during the forecast period 2019-2025.The trade of semiconductors including diodes and transistors was valued at $119.02 billion in 2018. This also reflects with the booming semiconductor market that had a valuation of $420 to $430 billion as of 2018, and the demand for semiconductors is going to observe the CAGR of 10%-12% over the forecast period2019-2025.The nanotechnology application is mainly found in electronics and semiconductor invention sector, which is expected to grow at a significant CAGR of 15.01% through to 2025. The Nano devices market should reach $195.9 million by 2021, up from $56.5 million in 2016, reflecting a five-year CAGR of 28.2%.Nano tools totaled 16.6% of the market and Nano devices the remainder. By 2021, nanomaterials’ market share is expected to increase to 85.3%, while Nano tools’ share shrinks to 14.5%, and Nano devices’ share increases somewhat from 0.1% to 0.2%.Biomedical, consumer, and electronics applications should demonstrate the highest projected CAGR rates.

Market trends and developments that clearly focus the zones proposing promising possibilities for industries to boost their growth. In 2017, the global nanotechnology market has shown outstanding growth due to factors, like growth in government and private sector funding for R&D, partnerships & strategic alliances between countries, and increased in demand for smaller and more powerful devices at affordable prices. At present, the healthcare industry is one of the largest sectors where nanotechnology has made major breakthrough with its application for the diagnosis and treatment of chronic diseases like heart ailments, cancer, etc. Further, significant developments are also being done in other sectors like electronics, agriculture, and energy. The global market for nanotechnology products was valued at $22.9 billion in 2013 and increased to about $26 billion in 2014. This market is expected to reach about $64.2 billion by 2019.

Importance & Scope:

The nanotechnology market can be segmented by type, application, end-user and geography exclusively. The market is categorized into various categories such as nanocomposites, nanofibers, nanoceramics, nanomagnetics and more based on the types of nanotechnology commercially available. Every single type of nanotechnology differs greatly and the composition is different with different technical specifications. As of 2018, so much progress has been made in nanotech research and development that commercialization is accelerating broadly. One factor which boosts the adoption of nanotechnology increases in the manufacture and availability of carbon nanotubes, a basic nanomaterial that can be used in a wide variety of manufactured goods. These nanotubes have been shown to have highly valuable qualities, including incredible strength, extremely lightweight and high conductivity of electricity.