DNA nanotechnology involves the engineering and construction of novel DNA and DNA-based structures for technological purposes. It is essentially the design and production of non-biological nanoscale shapes and devices from DNA. DNA nanotechnology combines the precise positioning of individual DNA strands, which allows various structures to self assemble. Some major advantages of DNA nanotechnology include its ability to form a diverse range of geometrical shapes and patterns, as well as to interface with various materials and nanoparticles which expands its potential applications. The technology has widespread applications in areas of biomedicine like healthcare, diagnostics, drug delivery among others. It is useful for developing synthetic vaccines, targeted cancer therapies, and molecular robots or switches.
The Global DNA Nanotechnology Market is estimated to be valued at US$ 4.38 Bn in 2024 and is expected to exhibit a CAGR of 25% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Global DNA Nanotechnology are NuProbe, GATTAQUANT GMBH, Genisphere LLC, INOVIO Pharmaceuticals., tilibit nanosystems, Aummune Therapeutics Ltd., Nanovery, Esya Labs, Nomic, Torus Biosystems, Parabon NanoLabs, Inc., NanoApps Medical Inc., FOx BIOSYSTEMS, Nanion Technologies GmbH, Mehr Mabna Darou, Inc., Nanowerk. Major players are focusing on R&D activities to develop novel DNA nanotechnology based products for various applications such as targeted drug delivery and molecular diagnostics.
The growing demand for minimal invasive procedures and personalized medicine is expected to boost the DNA Nanotechnology Market Growth over the forecast period. DNA nanotechnology provides unique opportunities to engineer programmable, nanoscale structures and materials with diverse functionalities. This increases its relevance and demand.
Geographically, North America dominated the global DNA nanotechnology market owing to significant investments in R&D and presence of major market players. However, Asia Pacific is expected grow at a high CAGR over the forecast period owing to increasing government investments and initiatives for development of nanotechnology and associated industries in the region.
Market drivers
The major factor driving the growth of the global DNA nanotechnology market includes increasing investments in R&D activities by players and governments. Over the recent past, R&D investments for development of DNA nanotechnology based products especially for biomedical applications has grown substantially. This is expected to positively impact the market growth. In addition, increasing demand for personalized medicine and advancements in healthcare industry adopting nanotechnology further aids in increasing the adoption of DNA nanotechnology worldwide contributing to market growth over the forecast period.
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