Nanomedicines belong to a niche field – where nanotechnology is combined with pharmaceuticals and other biomedical sciences. Injectable nanomedicines, if manufactured properly, can emerge as medicines with higher efficacy and safer toxicology profiles. Injectable nanomedicines can be a functional in many clinical cases for drug delivery and drug formulation. Currently nanomedicines account for a small revenue share in the entire nanotechnology based nanomaterial market- as nanomaterial is used in most of the working sectors. The rise of injectable nanomedicines is projected to lead to better outcomes and medicines for therapeutic areas such as cancer, CNS disease, cardiovascular disease and infection control. Nanotechnology is used in in vivo imaging, in vitro diagnostics, active implants and biomaterials.
Injectable Nanomedicines Market: Drivers and Restraints
Primary revenue drivers of the injectable nanomedicines market are increasing usage as delivery vectors and probes for biological diagnostics, imaging and therapeutics given their extremely small size. The smaller the surface area, the larger is the space available for chemical interaction with biomolecules. Increased focus on selective drug delivery and targeted therapies is another important factor booting demand for injectable nanomedicines. These medicines are witnessing high demand in research pertaining to regenerative medicines and in-situ tissue regeneration. Restraints of the market include lack of adequate sterile manufacturing facilities and process knowledge in developing markets. Another critical factor, which is expected to dampen market outlook is increasing availability and market penetration of cheaper generics, both in developed and developing markets. Few other factors that could suppress revenue expansion in injectable nanomedicines market are long drug approval timelines from regulatory authorities, large requirement of capital and shrinking R&D budgets of drugmakers.
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Injectable Nanomedicines Market: Segmentation
Tentatively, the global Injectable Nanomedicines Market has been segmented on the basis of product type, application type, end user and geography.
Based on drug type, the global Injectable Nanomedicines market is segmented as:
- Liposomes
- Micelles
- Nanocrystals
- Polymeric Nanoparticles
- Metallic Nanoparticles
- Mesoporous Silica Nanoparticles
- Others
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Based on application, injectable nanomedicines market is segmented as:
- Cancers
- Central Nervous System Diseases
- Cardiovascular diseases
- Infection Control
- Inflammatory Diseases
- Others
Based on end user, the global Injectable Nanomedicines market is segmented as:
- Hospitals
- Ambulatory Surgical Center
- Clinics
- Specialized Drug R&D institutes
- Managed Care Organizations
Injectable Nanomedicines Market: Overview
The global market for Injectable Nanomedicines is niche with few drugs currently approved but a large attractive drug pipeline. Increased focus towards targeted medicines for personalized therapies is fuelling the demand for these injectable nanomedicines. Developed markets hold the largest revenue expansion potential as compared to emerging markets. Developing product and process know-how coupled with participation of patients actively in treatment seeking process are factors projected to increase the demand for injectable nanomedicines. Rising availability and accessibility to cheaper generics is a factor that poses serious competition to R&D and sales for these expensive drugs. The injectable nanomedicines market is estimated to expand at a significant CAGR over the forecast period with developed markets outweighing the market share by revenues derived. Increased adoption of personalized treatments for infectious diseases, cancers and autoimmune diseases to benefit the patient population is aiding the market entry of injectable nanomedicines.
Injectable Nanomedicines Market: Regional Wise Outlook
Geographically, the Injectable Nanomedicines Market is classified into eight regions viz. North America, Western Europe, Eastern Europe, Latin America, Asia-Pacific Excluding China and Japan, Japan, China, Middle East and Africa. The North America market is estimated to account for a significant market share by drug sales bestowed with availability of progressive healthcare facilities, increased focus on disease surveillance and availability of skilled manpower for drug R&D. Availability of large GMP certified sterile manufacturing facilities both in-house and through contract manufacturers are factors that increase the revenue attractiveness of Western European markets – estimated to emerge as the second largest market for injectable nanomedicines. Markets in Asia Pacific region are expected to grow rapidly owing to high demand emanating from presence of infectious diseases in the region. Japan and China markets are expected to expand rapidly in revenue generation owing to greater focus on drug R&D and availability of fast track approval processes from relevant regulatory authorities for Injectable Nanomedicines throughout the forecast period.
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Injectable Nanomedicines Market: Key Players
Some of the major players in the global Injectable Nanomedicines Market are Merck & Co., Inc., Osartis GmbH & Co. KG, Wyeth Pharmaceuticals Inc., Orthovita, Inc., Novartis, Abbott, Pacira Pharmaceuticals, QLT Phototherapeutics, Celgene Pharmaceutical Co. Ltd., and Amgen, Inc.,. Transparency in R&D and resorting to fast track drug approval processes are key strategies being followed by leading players in the injectable nanomedicines market to minimize costing and time to market.