Nanofiber Market Introduction
Over the years, the US, UK, Germany, and France have experienced
significant demand for drugs and the trend is rapidly increasing, which is
propelling the pharmaceutical companies to increase their production and
sales over the years. The demand for generic drugs has more importance
than the counterparts i.e. the brand name drugs owing to lower cost with
same chemical composition. In 2016, according to IMS the generic drugs
segment accounted for 88% of the overall volume of the pharmaceutical
industry in the US, and the trend is anticipated to increase steadily. The
nanofibers with their standout physiochemical and mechanical properties
play a crucial role in the pharmaceutical industry and have gained
popularity in North American, and European market in the recent times.
Drug delivery, wound healing, barrier textiles, and tissue engineering are
some of the major applications of nanofibers in the healthcare sector and
are significantly driving nanofiber market.