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Home > News > Nano World: Nanomagnet future bright

May 16th, 2005

Nano World: Nanomagnet future bright

Abstract:
Nanomagnets have not received nearly the industry attention that nanoelectronics or nanobiotechnology have, but their potential makes them very attractive.

The global market for nanomagnetic devices and materials totaled roughly $4.3 billion in 2004, and could reach nearly $12 billion in 2009.

"What's amazing about nanomagnetics is that applications of the technology run the gamut from literally decades-old products, such as magnetic fluids used for industrial sealing applications, to futuristic high-tech uses that are likely years from commercialization, such as agents for killing tumor cells," said Mindy Rittner, a scientific adviser in the Chicago office of intellectual property law firm Brinks Hofer Gilson & Lione.

Source:
wpherald.com

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