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Nanoparticles - Metal & Metal Oxides Market Hit Almost USD 25.86 billion Figure By 2024

The global Nanoparticles - Metal & Metal Oxides Market in Healthcare was worth USD 25.86 billion in 2016 which is anticipated to reach USD 80.74 billion over the forecast period. The existence of a significant amount of metal and metal oxide nanoparticle based drugs that are authorized by the U.S. FDA and prescribed by physicians for the treatment of acute and chronic ailments is attributive for the estimated market. Furthermore, presence of molecules in the development phase based on the principle of metal oxide nanoparticles is anticipated to boost growth in the coming years. Applications served by these particles include radiotherapy enhancement, drug & gene therapy, thermal ablation, and sensitive diagnostic assay. This versatile nature with respect to the applicability in health care makes these particles a substantial source of growth in nanomedicine market. Technological innovations pertaining to reduction of adverse effects linked to the application of these particl...