According to a new report by NanoMarkets, an industry consultancy based here, nano-enabled drug discovery solutions will generate revenues of $1.3 billion in 2009 and grow to $2.5 billion in 2012.
The firm projects that labs-on-a-chip and arrays will offer the largest opportunities with nanoparticulate-based solutions also showing significant growth. The report titled, "The Impact of Nanotechnology in Drug Discovery: Global Developments, Market Analysis and Future Prospects" is now shipping to clients.
NanoMarkets' new 218-page report provides an in-depth analysis of all the drivers, restraints, challenges, regulatory issues and government funding policies that impact nano-enabled drug discovery, along with profiles of the regulatory and funding environments for this kind of technology in 20 major countries. This report also provides eight-year forecasts that break out the market by key applications segments and product types and it offers profiles of 30 firms already active in this space.
Key Insights:
NanoMarkets' research indicates that nanotechnology will provide tangible benefits to the drug discovery process through:
- Improved understanding of chemicals at the cellular/molecular level
- Improved identification and validation of target proteins and drugs
- Increased throughput
- Reduced time for the identification of new drugs
- Reduced amount of precious reagents required to carry out screening of potential drugs
- Improved visualization of drug interactions
NanoMarkets says that the impact of nano-enabled drug discovery is expected to be both broad and deep, affecting numerous areas of the drug discovery process. The new report predicts that by 2009 19 percent of nano- enabled drug discovery revenues will come from the control and analysis of cells, while another 13 percent will come from DNA/RNA sizing, electropheroresis and quantitation. Genotyping will account for another 11 percent of revenues and high-throughput screening will take another 10 percent.