IHS Chemical Week

EnviroTech :: Nanotech

Use of Nanomaterials in Medicines Gets Bigger

3:56 AM MST | January 23, 2012 | Alex Scott

The sale of medicines featuring nanomaterials is set to rise by a compound annual growth rate (CAGR) of 12.5%, to $130.9 billion in 2016, up from $72.8 billion in 2011, according to a new report by BCC Research (Wellesley, MA).   Nanomedicine is already an established market, unlike some other potential applications of nanotechnology, which are still largely experimental, BCC says. The use of nanomaterials in medicines has made a significant contribution to product effectiveness, researchers in the report say.   The U.S. pharma sector is set to be one...

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