Nanoparticles Market Technology Trends, Growth Analysis, New Strategies And Solution, Key Companies, Service, Component, Application and End User to Forecast By 2026
Global Nanoparticles Market – Insights
Nanoparticles are particles between 1 and 100 nanometres in size with a surrounding interfacial layer. An individual nanoparticle molecule behaves as a complete unit in terms of its property and transportation. The adoption of nanoparticles is increasing in various sectors such as use of silver, silicon dioxide, and potassium nanoparticles in agriculture; tungsten, disulfidesilicon dioxide, clay, and titanium dioxide nanoparticles in automotive; and silicon dioxide and palladium in electronics.
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Global Nanoparticles Market: Drivers
Increasing awareness regarding the benefits of nanotechnology and nanoparticles among the populace and development of novel nanoparticle-based technologies is a major factor boosting growth of the global nanoparticles market. Moreover, increasing adoption of nanoparticles in drug development is also expected to boost the market growth over the forecasted period. The adoption of nanoparticles is expected to increase with expansion of medical diagnostic sector and increasing application of nanotechnology in healthcare sector. Nanocapsulesranging from 10-1000 nm are used in the treatment of cancer. Nanospheres are also used to transport drugs and control the release of a drug and protect it from the surrounding environment. A long circulating particle made up of biodegradable polymeric nanoparticles with hydrophilic polymer coating of poly ethylene glycol (PEG) is used as a powerful drug delivery device. Nanoparticles can also be used to deliver peptides, proteins, and genes and as DNA carriers in gene therapy.
Increasing government expenditure on R&D in pharmaceuticals, biotechnology, and nanotechnology is also expected to aid in the market growth.
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Global Nanoparticles Market: Restraints
However, high cost of nanoparticle analysis instruments and need to high initial investment is a major factor hindering growth of the global nanoparticles market.
Global Nanoparticles Market: Regional Analysis
North America is expected to hold dominant position in the global nanoparticles market over the forecast period. This is attributed to advancements in nanotechnology and high prevalence of chronic diseases in the region. Europe is expected to witness the highest growth in the market during the forecasted period, due to increasing R&D in nanoparticles.
The market is Asia Pacific is driven by rapid economic growth of China and India and growing pharmaceuticals sector in India.
Global Nanoparticles Market – Regulatory Scenario:
- August 2015, the U.S. Food and Drug Administration (FDA) issued guidance to address various issues related to the use of nanotechnology in food ingredients intended for use in food for animals.
- June 2014, the U.S. FDA issued three guidelines related to the use of nanotechnology in regulated products, including cosmetics and food substances.
Global Nanoparticles Market Taxonomy
On the basis of technology, the global nanoparticles market is classified into:
- Polymeric nanoparticles
- Polymer conjugated drugs
- Inorganic nanoparticles
On the basis of end user, the global nanoparticles market is classified into:
- Pharmaceuticals industry
- Biochemical industry
- Research institutions
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Global Nanoparticles Market: Competitive Landscape
Major players operating in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2019, Horiba Ltd., a manufacturer of precision instruments, announced that Horiba Instruments Incorporated acquired MANTA Instruments, Inc. –a provider of nanoparticle characterization technology.
Major players operating in the global nanoparticles market include, Abraxis Biosciences, Inc., Novartis International AG, Gilead Sciences, Inc., and Nano Interface Technology, Inc., Malvern Instruments Ltd., Horiba Ltd., Beckman Coulter, Shimadzu Corporation, Johnson & Johnson, Sigma-Tau Pharmaceuticals, Inc. Amgen, Inc., Agilent Technology Inc., Hitachi Ltd., and Wyatt Technology.About Us:
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