Its impact on global economy and businesses is considerably high, entailing deep economic and negative social impacts, which, in turn, leads to geopolitical repercussions.
The nanotechnology market before COVID-19 pandemic was expected to witness a steady growth with increase in research and developments for the application of nanotechnology in various fields of science & technology such as manufacturing, 3D printing, medicine, and advanced materials.
Moreover, the nanotechnology market is expected to prosper by the end of the year 2021, and is anticipated to be accelerating at an exponential growth rate in the coming future.Impact of COVID-19 on several industries associated nanotechnology marketNanotechnology offers potential opportunities for the medical & healthcare sector.
Medical professionals are taking advantage of these features to develop and treat the COVID-19-infected patients.In addition, the pharmaceutical nanotechnology market emphasizes on the development of nanostructures that promote innovative drug delivery systems as therapeutic alternatives to different pathologies.
In addition, the United States Federal Government leads the world in nanotechnology R funding.
NNI has already made valuable contributions to the development of nanotechnology.