The Nanocapsules Market deals with the application of Nanotechnology in the field of Nanomedicine. Nanocapsules are nanoparticles or drug delivery agents which are normally composed of a capsule shell and a hollow space in which desires substance or drug molecules are embedded.
Nanocapsules consists of a thin membrane which is surrounded by a liquid or solid core with a size ranging from 10nm to 1000nm. The major applications of nanocapsules are oncology, pain management and endocrinology. These are also applicable in many other applications like drug delivery, cosmetics, food enhancement, self-healing of materials and nutraceuticals angioplasty stents.
Technological developments, increasing demand of end user industry, growing investments and breakthroughs in biomedical, pharmaceutical, electronics, molecular and diagnostic fields are the major key growth drivers of Nanocapsules Market. Additionally, increasing adoption of nanocapsules for high disease burden of tuberculosis and cancer also drives significant growth for the market over the forecast period.
However, higher cost of the research and development, complex manufacturing process, and higher cost of nanocapsules are the key restraints for the Nanocapsules Market. Still rising adoption of nanosystems in development of medical technology in developing nations like India and China are the creating new opportunities for this market growth.
Asia-Pacific is dominating the Nanocapsules Market, with half of the world’s procedures being done in China and India. Also, this region is projected to register significant growth due to high medical reimbursement facilities and technological advancement in cosmetic industry. North America and Europe are also expected to register high growth due to rising demand from end user industries for various applications.
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