Research from UK consulting firm Cientifica Ltd. indicates that the market for nanotechnology-enabled products will reach $1.5 trillion in 2015, if you don't count semiconductors and electronics, two industries the firm says should be treated with caution.
About 80% of the 2015 market will relate to nanotechnology applications in the pharmaceuticals and health care industries.
Bear in mind that the market size does not represent the value of the nanotechnologies in the products, but the total value of the products. That means, for example, a dime's worth of nanomaterials may be included in a drug that costs $100.
|Year||Market excluding semiconductors and electronics||Market including semiconductors and electronics|
|2007||$83 Billion||$135 Billion|
|2012||$263 Billion||$693 Billion|
|2015||$1.5 Trillion||$2.95 Trillion|