Nanobiotechnology is an emerging
field in healthcare which encompasses the applications of two fields -
nanotechnology and biotechnology - in the field of healthcare and medicine.
Nanotechnology is poised to become the largest competitive space in the
industry with applications in several areas within the industry.
Nanobiotechnology is the key to develop tools to analyze the smallest
biological sample possible, which is a single molecule. This is expected to
present many opportunities and expand capabilities in areas such as forensic
diagnostics and forensic science. In the recent years nanotechnology has
definitely moved from the drawing board and into the field with many applications
in pharmaceuticals (such as drug delivery and drug discovery), agriculture,
diagnostics, therapeutics, in various devices, and in robotics.
To
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The current market is primarily led
by the pharmaceutical sector with innovative technologies in drug discovery and
delivery followed by diagnostics. Some of the major drivers for this market are
the rising demand for minimally invasive and pain-free drug delivery, faster
drug discovery, and higher sensitivity in diagnostics. As North America’s and
Europe’s economic situation stabilizes, it is expected that investments and
joint ventures in this domain will rise. Advances in software rendering and
designing technology are also predicted to boost the growth of the
market.
Demand from Asia and Latin America
is also expected to propel the growth of the market. One of the restraints of
the market is the prohibitively expensive manufacturing which will result in
high cost of finished products. Environmental health and safety is also another
concern in waste disposal along with occupational safety. Promotion of
cooperation among industrial, governmental, academic, and other sectors through
technological integration beyond interdisciplinary boundaries will also help
drive the adoption and bring early results.
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