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Welcome to Nanotech Medicine. Nanomedicine is the medical application of nanotechnology. The approaches to nanomedicine range from the medical use of nanomaterials, to nanoelectronic biosensors, and even possible future applications of molecular nanotechnology. Current problems for nanomedicine involve understanding the issues related to toxicity and environmental impact of nanoscale materials.
Nanomedicine seeks to deliver a set of research tools and clinical devices in the near future. The National Nanotechnology Initiative expects new commercial applications in the pharmaceutical industry that may include advanced drug delivery systems, new therapies, and in vivo imaging. Further down the line, the speculative field of molecular nanotechnology believes that cell repair machines could revolutionize medicine and the medical field.
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Nanomedicine is a large industry, with nanomedicine sales reaching $6.8 billion as far back as 2004. With over 200 companies and 38 products worldwide, a minimum of $3.8 billion in nanotechnology R&D is being invested every year. As the nanomedicine industry continues to grow, it is expected to have a significant impact on the economy.
The health implications of nanotechnology are the possible effects that the use of nanotechnological materials and devices will have on human health. As nanotechnology is an emerging field, there is great debate regarding to what extent nanotechnology will benefit or pose risks for human health. Nanotechnology’s health implications can be split into two aspects: the potential for nanotechnological innovations to have medical applications to cure disease, and the potential health hazards posed by exposure to nanomaterials.
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