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Will Safety Concerns Slow Nanotechnology Drug Delivery Market Growth? Forecasts Predict 84.79% Growth in US, 73.97% Globally through 2016
Date:4/1/2013

r hampering the growth of the Nanotechnology Drug Delivery market in the US.

Learn more about the US nanotechnology drug delivery market and the key vendors dominating this space including Alkermes plc, Celgene Corp., Novartis AG, and SkyePharma at http://www.giiresearch.com/report/infi265388-nanotechnology-drug-delivery-market-us.html

The global nanotechnology drug delivery market is expected to grow at a 73.97 percent CAGR through 2016. Report details and free sample pages for the global edition of the nanotechnology drug delivery market are available at http://www.giiresearch.com/report/infi264464-global-nanotechnology-drug-delivery-market.html

In the smart pill technology market, one of the key drivers in this market – forecast to grow at 6.9% - is the significant rise in the number of people suffering from GI disorders, which is mainly a result of changing lifestyles and food habits. Consequently, there has been an increase in the diagnosis and treatment of GI disorders.

According to "Global Smart Pill Technology Market 2012-2016", the prevalence of GI diseases such as colorectal cancer and esophagitis has increased over time, leading to the need for screening procedures as many such diseases can be cured when detected early. It is estimated that colorectal cancer accounts for more than 10 percent of the total number of cancer cases worldwide. The increased need for screening for various GI diseases increases the scope for the usage of endoscopy devices. Moreover, since many healthcare institutions prefer endoscopes and smart pills for screening procedures for GI disorders, the growth of the market is expected to increase
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SOURCE Global Information, Inc.
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