Nanotools Market in US Projected to Exceed $2.15 Billion by 2012

Published on November 3, 2008 at 8:10 PM

Nanotools enable imaging, quantification, fabrication, and modeling of a substance/material at the nano level. Several institutions and enterprises including government, private investors, corporate, and academic organizations are funding research-based operations, to develop applications incorporating nano-scale technologies. Nanotools market in the United States is witnessing growth in intellectual property litigations owing to patent infringements. Advances in instrumentation technologies are increasingly impacting the future of nanotechnology. Instruments encompass "nanotools" that aid in observing, measuring, and engineering nanostructures.

Nanotools are used in the visualization of biomedical samples, which intensify the drug discovery process at nano level. Increasing corporate R&D activities and the growing number of new applications in the biomedical sector are expected to bolster the market for nanotools. In the research industry, nanotools are used to fulfill specific necessities such as enhancing functionality of products along with quality assurance.

Sales of nanotools in Research Industry, the largest end-use sector are estimated at about US $526 million in 2008, while biomedical industry is poised to post the fastest annual growth rate in terms of sales over the years 2000 through 2010. Sales of Nanotools in the Electronics Industry are projected to exceed US$447 million by the end of the year 2012.

Nanotools are also used in the visualization of biomedical samples, which intensify drug discovery process at the nano level. Several corporate entities are initiating R&D activities in an effort to gain market share. Lithography tools are anticipated to propel growth for the nanotools/instruments market. Further, innovative tools and increasing application areas in semiconductor industry is expected to stimulate growth throughout the market.

Key players covered in the report include Accelrys, Inc., Agilent Technologies Inc., Asylum Research, RHK Technology, Inc., Ultratech, Inc., Veeco Instruments, Inc., FEI Company, Molecular Imprints Inc., and Nanonex Corporation

The report, titled "Nanotools: A US Strategic Business Report", published by Global Industry Analysts, Inc., provides a review of nanotechnology, product overview, end-use analysis, technological developments, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales over the years 2000 through 2010. Long-term projections are presented over the years 2011 through 2015. End-use sectors independently analyzed include Research Industry, Biomedical Industry, Electronics Industry, and Others.

For more details about this research report, please visit http://www.strategyr.com/Nanotools_Market_Report.asp.

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