Nanomedicine and Nano Biotechnology
Nanomedicine can be defined as medical application of nanotechnology. Nanomedicine ranges from the medical applications of nanomaterials and biological devices, Nano electronic devices &biosensors and possible future applications of molecular nanotechnology. Nanomaterials can be functionalized to interface with biological molecules & structures as the size of nanomaterials is comparable to most biological molecules and structures. Nanomaterials can be useful for both in vivo and in vitro biomedical research and applications and integration of nanomaterials with biology has led to the development of advanced diagnostic devices, physical therapy applications, analytical tools, contrast agents and drug delivery vehicles. Nanomedicine strives for delivering valuable set of research tools & clinically useful devices and its industry sales reached $16 billion in 2015, with an average of $3.8 billion investment in nanotechnology R&D every year and increase of 45% per year global funding for emerging nanotechnology.