Source: PR Newswire
HARTFORD, Conn., Jan. 20, 2012 /PRNewswire-iReach/ — Global Information Inc. (GII) is pleased to announce a new market research report “Nanotechnology in Medical Applications: The Global Market” by BCC Research.
The global nanomedicine market reached $63.8 billion in 2010 and $72.8 billion in 2011. The market is expected to grow to $130.9 billion by 2016 at a compound annual growth rate (CAGR) of 12.5% between years 2011 and 2016.
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.