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Polymer Nanocomposites Market Growth Projections and Opportunities
According to statista, let's look at the global market for delivering drugs through injections in 2016 and predictions for 2025. In 2016, this market made around USD 16.73 billion, and it has been growing a lot since then. The pharmaceutical field now has new and clever methods, especially using tiny technology, to deliver medicines. Using this tiny technology is particularly exciting for distributing medicines.
One method that's gaining attention is electrospinning because it can hold a lot of medicine, is efficient, can deliver many treatments at once, is easy to use, and is not expensive. Using tiny electrospun fibers to carry medicines in biological applications seems very promising.
The increase in chronic diseases like heart problems, diabetes, cancer, and breathing issues is a big reason why the drug delivery industry is growing. Other factors include developing advanced drug delivery methods, more products being released by companies, and these three things together. Treating many disorders over a long time often needs using many medicines. So, new ways of delivering medicines are being created to make treatments for different disorders work better. This progress in drug delivery methods is pushing the market to grow even more in the coming years.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 8.9 Billion |
| Market Size Value In 2023 | USD 10.6 Billion |
| Growth Rate | 19.50% (2023-2032) |
Polymer Nanocomposites Market Highlights:
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