The National Science Foundation (NSF) expects nanotechnology to accountfor around half of all drugs made and sold by 2010. Demand for nanotechnology health-care products in the United States is projected to increase nearly 50 percent per year to $6.5 billion in 2009. There will be the potential of introducing new, improved cancer and central nervous system therapies. Diagnostic tests, based on quantum dots and imaging agents based on iron oxide nanoparticles will also show strong growth, according to pharmaceutical economists. By 2020, demand for nanotechnology health-care products is projected to exceed $100 billion.
The need for new or improved medicines in several therapeutic areas will lead to the increasing use of nanotechnology in pharmaceutical applications. These areas include protein-based compounds for cancer, diabetes, and for infectious diseases. Experts also predict that over the
Sarah Perrone and Matt Boyas are high school students who attend Upper St. Clair High School in Upper St. Clair, Pennsylvania. Matt and Sarah entered the ExploraVision Contest in 2006. Their project was called NAI: Nanotech Active Immunization. (Courtesy EliseBoyas)
long term, pharmaceutical applications for nanotechnology will extend into mostly therapeutic areas and in drug delivery systems.
Was this article helpful?