Product ID: SQMIG45J2206
Report ID:
SQMIG45J2206 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
95 |
Figures:
76
Global Nanotechnology Market size was valued at USD 3.27 Billion in 2022 and is poised to grow from USD 4.47 Billion in 2023 to USD 53.51 Billion by 2031, growing at a CAGR of 36.4% in the forecast period (2024-2031)
The growth of Nanotechnology is majorly driven by the rise in the adoption of Nano devices in medical diagnostics. As, the nanoparticles and the Nano devices were widely used in the production of the vaccines for covid-19 and in the diagnosis of the cancer. The prominent restraint of this market is the high cost of the nanotechnology, as it has been found that the nanomaterial’s synthesis incur cost, so this can hamper the adoption of the Nano systems and thus restricts the market growth.
In the global nanotechnology market, the major trend is the rise in the adoption of Nano devices in aerospace and defense. This industry requires nanomaterials and Nano devices for the creation of light and durable aircraft.
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Product ID: SQMIG45J2206