Nanomedicine market to increase at a CAGR of 12.6%
The global nanomedicine market has been forecast to increase at a compound annual growth rate (CAGR) of 12.57% through to 2016, driven by the emergence of nanorobotics, and the increasing use of novel nanomaterials, according to a new report added to the offering of companiesandmarkets.com.
Nanomedicine is already an established market. Unlike some other potential applications of nanotechnology, which are still largely experimental, nanomedicine has already produced a number of significant products in which the nano dimension has made a significant contribution to product effectiveness.
Sector worth $72.8 billion in 2011
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