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Global Nanobiotechnology Market to Reach $4.94 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
Date:3/1/2010

GIA announces the release of a comprehensive global report on Nanobiotechnology market. World market for nanobiotechnology is projected to reach $4.94 billion by the year 2015. Although temporarily tempered by the recession-induced change of guard by venture capitalists, the impact of the capital crunch is fairly short-lived. The market is expected to bounce back on track enthused largely by persistent support from the government sector, and the untapped potential offered by the huge yet unmet needs of the medical community.

San Jose, California (PRWEB) March 1, 2010 -- After decades of high strung research, development, and refining technological improvements, nanobiotechnology is finally ripe for the picking. Biotechnology and pharmaceutical industries are expected to utilize nanobiotechnology more than ever before in the coming years. This technology will be applied to all drug development stages, right from - formulations for optimum drug delivery to diagnostic applications in various clinical trials. As dawn breaks on nanomedicine, cutting edge nanodiagnostics and nano-enabled drug delivery mechanisms will be brought to reality including the much touted and romanticized development of tiny devices like nanorobots, powered by nanotechnology capable of carrying out integrated diagnosis and therapy through minimally invasive procedures.

This field of medical science stands optimally poised to benefit from the rapidly aging world population and the paralleling growing need for better healthcare solutions. As nanobiotechnology extends its clout into drug discovery, drug delivery, tissue engineering,
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Global Nanobiotechnology Market to Reach $4.94 Billion by 2015, According to New Report by Global Industry Analysts, Inc. 
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