Nanomedicine Market is Expected to Reach USD 177.60 Billion Globally in 2019: Transparency Market Research

Nanomedicine Market is Expected toNanomedicine Market is Expected to Reach USD 177.60 Billion Globally in 2019: Transparency Market Research PR Newswire ALBANY, New York, January 8, 2014 According to a new market report published by Transparency Market Research "Nanomedicine Market (Neurology, Cardiovascular, Anti- inflammatory, Anti-infective, and Oncology Applications) - Global Industry Analysis, Size, Share,Growth, Trends and Forecast, 2013 - 2019,"the market for nanomedicine was valued at USD 78.54 billion in 2012 and is expected to reach a value of USD 177.60 billion in 2019, growing at a CAGR of 12.3% from 2013 to 2019. Browse the full report with complete TOC at http://www.transparencymarketresearch.com/nanomedicine-market.html The advent of new applications and technology in the field of nanomedicine will be one of the major growth factors for the global nanomedicine market. In addition, increase of funding aimed at boosting the research activities pertaining to nanomedicine by the government as well as private institutions will expedite the process of commercialization of new products and hence will drive the market. Other driving factors include rising base of geriatric population, presence of high unmet medical needs and rising worldwide incidences of chronic diseases. The global nanomedicine market by applications was dominated by the oncology market with a market share of approximately 38.