Jun 3, 2025
Blog pharmaceuticals Nanotechnology in Cancer Treatment Market Growth and Innovation Outlook
Cancer remains one of the most challenging diseases worldwide, responsible for nearly 10 million deaths in 2023. Despite advancements in radiation, chemotherapy, and immunotherapy, conventional treatments often face critical limitations: non-specific targeting, systemic toxicity, drug resistance, and limited efficacy.
According to BCC Research, the global market for nanotechnology in cancer treatment was valued at $102.4 billion in 2023. This market is projected to grow significantly, reaching $265.4 billion by the end of 2029, registering a compound annual growth rate (CAGR) of 17.4% during the forecast period of 2024 to 2029.
Nanotechnology in cancer treatment involves the use of materials and devices with dimensions ranging from 1 to 100 nanometers to enhance the detection, diagnosis, treatment, and monitoring of cancer.
These nanoparticles and nanoscale systems can:
The report provides an analysis of the global market for nanotechnology in cancer treatment. Using 2023 as the base year, the report provides estimated market data for 2024 through 2029. The market in this report is segmented into product type, cancer type, and region. The report concludes with profiles of the major players in the market.
Technological Innovations Shaping the Market
Leading Companies and Research Institutions
Bristol Myers Squibb is actively expanding its oncology portfolio through strategic acquisitions and research initiatives. In 2023, the company acquired RayzeBio for $4.1 billion to expand its radiopharmaceutical and targeted cancer therapy portfolio. BMS is heavily investing in advanced drug delivery systems, including nanotechnology, to improve tum
Nanospectra’s AuroShell® technology has demonstrated tumor-specific accumulation in over 90% of targeted cases during clinical trials, providing a non-invasive alternative to surgery. Given that prostate cancer affects 1.4 million men annually, their focus on precision thermal ablation is both timely and impactful.
3. Liquidia Corporation
Liquidia’s PRINT® platform allows for the production of highly uniform nanoparticles with over 95% reproducibility, which supports consistent dosing in cancer therapies. The company has also partnered with GSK to develop nanocarrier-based treatments for respiratory diseases and vaccines.
4. Selecta Biosciences (Cartesian Therapeutics)
Selecta's Synthetic Vaccine Particle (SVP™) platform is designed to induce antigen-specific immune tolerance, which may enhance the efficacy and safety of biologic therapies. Preclinical studies have shown that SVP-Rapamycin (SEL-110) can prevent the formation of anti-drug antibodies, which can compromise the effectiveness of treatments.
5. BlueWillow BiologicsRecent Developments and Clinical Trials – Investment & Financial Highlights
Looking ahead, nanotechnology is poised to play a pivotal role in:
Nanotechnology is transforming the future of cancer treatment by providing more targeted, effective, and less toxic alternatives to conventional therapies. With a projected market value of $265.4 billion by 2029 and strong global investment momentum, the field is advancing rapidly, from smart drug delivery systems to personalized cancer vaccines. Despite facing regulatory and technical challenges, the ongoing convergence of scientific research, funding, and innovation indicates a significant shift in oncology care. This brings us closer to smarter, safer, and more personalized cancer treatments.
Karishma Arora is an Assistant Team Lead in Marketing Operations at BCC Research, with a master's degree in commerce. She is a passionate marketer with a knack for creativity and data-driven strategies.
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