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Nanotechnology is known as a science and technology that is conducted at the nanoscale. In other words, it means 1 to 100 nanometers. For the proper understanding of readers, you can say that nanotechnology is a field that is related to the application of very small things. This technology can be used in all the other science fields like biology, material sciences, chemistry, engineering, etc. Now we will understand how nanotechnology will affect the future economy.
Targeted cancer treatment: Nanotechnology is amazing, and it is revolutionizing every field. Cancer that is a fatal disease, nanotechnology is helping to find a cure for this disease. At present, the whole body of a cancer patient is treated to cure cancer, but time is not far when medicine will be packed in Accurins that will directly affect cancer influenced area.
Medical device market: Nanotechnology is helping to revolutionize the medical device market too. Use of novel nanotechnologies in medical devices is great, and it is expected that nanotechnology will greatly help to increase the market share of the medical device market by providing so many innovative solutions. There are many segments in the market, where nanomedicine can penetrate, and people can get benefits.
Economic impact: Nanotechnology is very important due to its economic potential. Nanotechnology is covering every aspect of the economy, especially the medical field. Nanomedicine and nanopharmaceuticals are the two fields that are growing rapidly and making huge profits.
Electronics and IT: Nanotechnology is contributing to Electronics and IT too. It is helping to prepare smart, smaller, and portable systems that can truly help to store larger data without any problem. Transistors, Magnetic Random Access Memory, ultra high definition displays, flexible, rollable, and foldable electronics all are the ultimate results of nanotechnology.
Nanotechnology is truly rendering great services towards the economy, and its effects are very promising.