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Market applications

The market related to nanotechnology is still relatively small, but it is expecting to grow rapidly in the next ten years.

Nanotechnology will enlarge its area of application and advanced drug delivery systems, medical prostheses with increased resistance and higher biocompatibility, innovative advanced materials for transportation, new and better systems for the production and storage of energy will be available. These are just few of the fields in which nanotechnology will be applied, but the possibilities could be virtually extended to all sectors.

According to a 2004 study of Lux Research, the areas that are seen to represent the largest market by 2015 are, in the order:

  • Materials
  • Electronics
  • Pharmaceuticals
  • Chemical processes
  • Aerospace
  • Health care
  • Tools
  • Sustainable processes

Electronics (see also European Strategic Research Agenda on Nanoelectronics) will keep being the driving force, but it will be flanked by materials.

Nanotechnology will revolutionise the pharmaceutical and health care sectors. In fact, according to recent studies, the “nanomedicine” will enable early detection and prevention and essentially improve diagnosis, treatment and follow-up of diseases, so it could potentially save a great number of lives. (see also European Strategic Research Agenda on Nanomedicine).

Similarly, even sustainable processes will get a foothold in nanotechnology market. Its use in this field will develop more effective and environmental friendly processes, new systems for energy production and storage, new methods of remediation.

For further information:

The project on emerging nanotechnologies

Nanotechnology Applications

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