PRINTABLE VERSIONPRINTABLE VERSION EMAILEMAIL
Nanomaterials Are Showing Promise In Nanotechnology Applications

Palo Alto, Calif. — September 24, 2004 — Researchers are continuing to make giant strides toward realizing the exceptional potential of nanotechnology. Their efforts have resulted in the advent of stronger, lighter, and improved nanomaterials currently finding extensive use in several high-performance applications.

“Nanotechnology is well poised to become an accepted technology in years to come and many future applications are likely to have some form of nanotechnology embedded in them,” says Technical Insights Analyst Hrishikesh Bidwe.

However, in the initial stages, application development is likely to be hampered by the lack of economy of scale. Manufacturing costs of products using nanomaterials, for example, will probably escalate beyond that of products made using conventional materials, making it prohibitively expensive for some applications.

“This is the reason nanomaterials are currently being used only in critical applications such as aerospace and defense, where superior performance takes precedence over costs,” comments Bidwe.

Another deterrent for development of nanotechnology-based applications is the lack of knowledge about certain properties of nanomaterials, especially in healthcare applications, with regard to their reactions to the human body.

Many of the healthcare products based on nanopowders such as sunscreens are commercially available in countries such as Australia. Though theoretical explanations are available on the possible reactions of nano-coated or nano-enhanced drugs within the human body, the real effect is yet to be ascertained, and until results are available, their reliability is anticipated to remain low.

The non-availability of comprehensive studies on the interaction of nanomaterials with the environment is yet another challenge slowing the development of nanotechnology applications.

“With nanomaterials opening up a variety of possible applications, the lack of awareness about their impact on the environment and the possible treatment methods to deal with this is likely to hinder market acceptance,” comments Bidwe.

Despite such limitations, nanomaterials have immense potential to initiate innovation in almost all fields of science. Some exhilarating possibilities include novel imaging agents that can identify cancer cells, and targeted delivery systems that can treat them prior to their spreading without harming the healthy tissues.

The mere possibility of a customizable drug for treatment of fatal diseases such as cancer is spurring a flurry of activity among researchers. These efforts are gaining further momentum through extensive support from governments and large-scale funding from venture capitalists.

“In cases where current technologies are proving insufficient, the need for new techniques that can improve upon existing materials and create opportunities for fresh applications has become quite imminent,” says Bidwe.

Nanotechnology, with its ability to redefine the manufacturing processes and ensure value enhancement, has the potential to fill this void and cater to wide-ranging requirements across different verticals.

“With many industries seeking next-generation technologies to help them produce cost-effective products with high market sustenance, nanotechnology is likely to continue its spectacular progression,” concludes Bidwe.

Nanotechnology Applications and Markets in North America, part of the Automation and Electronics Subscription Service, is a comprehensive effort to understand, analyze, and present the endless possibilities of nanotechnology applications in the fields of life sciences, materials and chemicals, electronics, and imaging. The study also lists major application developers and a summary of key patents, besides providing the limitations of competing technologies that have helped nanotechnology evolve. Executive summaries and interviews are available to the press.

If you are interested in an analysis overview which provide manufacturers, end-users and other industry participants an overview, summary, challenges and latest coverage of Nanotechnology Applications and Markets in North America - then send an email to Julia Paulson – North American Corporate Communications at jpaulson@frost.com with the following information: Full name, Company Name, Title, Contact Tel Number, Contact Fax Number, Email.  Upon receipt of the above information, an overview will be emailed to you.

Technical Insights is an international technology analysis business that produces a variety of technical news alert, newsletter, and report services.

Frost & Sullivan, an international growth consultancy, has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies includes custom strategic consulting, market intelligence, and management training. Our mission is to forge partnerships with our clients' management teams to deliver market insights and to create value and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers, and support staff spans the globe with offices in every major country.

Nanotechnology Applications and Markets in North America
D295

Contact:
Julia Paulson
Corporate Communications – North America
P: 210.247.3870
F: 210.348.1003
E: jpaulson@frost.com

Katja Feick
Corporate Communications – Europe
P: +44 (0) 20 7915 7856
F: +44 (0) 20 7730 3343
E: katja.feick@frost.com

Pramila Gurtoo
Corporate Communications – Asia Pacific
DID :  (603) 6204 5811
Gen :  (603) 6204 5800
Fax  :  (603) 6201 7402
E: pgurtoo@frost.com

www.frost.com
www.technicalinsights.frost.com


Keywords in this release: nanotechnology, applications, nanomaterials, imaging agents, targeted delivery systems, life sciences, materials and chemicals, electronics, imaging

BACK TO TOP BACK TO TOP

QUICK SEARCH

GO GO
ADVANCED SEARCH
Search our research by date, market, technology, region or keywords
GO GO
SHARE
ANALYST BRIEFINGS
Attend our complementary interactive analyst briefings
VIEW LIST  VIEW LIST
PRESS RELEASE MAILING LIST
To receive industry breaking news and analysis sign up for our mailing list. Include your full contact details and specify your industry of interest.
URGENT INQUIRIES
We recognize journalist deadlines and will strive to meet your needs as quickly as possible
CONTACT US   CONTACT US
Sitemap | Disclaimer | Privacy
© Frost & Sullivan
Conseq