A new report by Reports and Data forecasts that the gold nanoparticles market will reach USD 8.3 billion by 2030. The increasing demand for metal nanoparticles in various industries and advancements in nanotechnology are expected to drive the demand for gold nanoparticles. In the medical field, there has been a considerable rise in the adoption of gold nanoparticles for nanotechnology-based therapeutics and diagnostics, including cancer and tumor treatment and targeted diagnosis in patients.
The gold nanoparticles industry has seen a surge in research and development activities. For instance, research has shown that gold nanoparticles have the potential to boost biosynthesis in plant plastids, allowing for the evaluation of their performance in various plant cells. In dentistry, gold nanoparticles are considered potential osteogenic agents and have a significant impact on osteoblast differentiation simulation. They are also widely used as contrast agents for optical coherence tomography (OCT) technique. The development and manufacturing of gold nanoparticles in dentinal tubules and layers to assist in the visualization of structures in a non-destructive and non-invasive manner is a new trend in the global gold nanoparticles industry.
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The COVID-19 pandemic has had an impact on the gold nanoparticles market, causing a shortage in the supply of raw materials from Chinese manufacturers, resulting in a demand-supply gap. However, manufacturers are expected to move away from China to reduce the risk of future disruptions and to smoothen the supply chain.
The report suggests that North America will lead the gold nanoparticles market, with an estimated CAGR of 13.7% over the forecasted period, due to the high demand for nanoparticles in detecting cancer, growing RD activities, and high demand for nanotech products in medical diagnostics. The medical and dentistry segment is estimated to register excellent growth due to the increasing application of nanomaterials in therapeutics, medical imaging, and diagnostics.
Asia Pacific is expected to expand at a CAGR of 13.6% by 2030, as it emerges as an electronics manufacturing hub, particularly from economies such as China, Japan, South Korea, and Taiwan. The report also highlights key participants in the gold nanoparticles market, including Goldsol Inc., Cytodiagnostics Inc., BBI Solutions, NanoHybrids Inc., Nanosphere Inc., Nanopartz Inc., Solaris Nanosciences Corporation, Nanostellar Inc., Tanaka Holdings Co. Ltd., and The Metalor Group, among others.
The global gold nanoparticles market is segmented by type, applications, end-users, and region. Types include nanorods, nanoshells, nanocages, and others, while applications include imaging, targeted drug delivery, sensors, in vitro diagnostics, probes, catalysts, and others. End-users include electronics, healthcare, chemicals, cosmetics and personal care, and others, and regions include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Nanoparticles Market: Drive factors
The gold nanoparticles market is expected to reach USD 8.3 billion by 2030, and there are several factors driving this growth. Firstly, there is a growing need for metal nanoparticles in various industries, which is expected to increase the demand for gold nanoparticles. Additionally, advancements in the field of nanotechnology are also contributing to the demand for gold nanoparticles.
In the medical field, there has been a significant rise in the adoption of gold nanoparticles for nanotechnology-based therapeutics and diagnostics. Gold nanoparticles are being used for the treatment of cancer and tumors, as well as for targeted diagnosis in patients. This is further boosting the demand for gold nanoparticles.
The nanoparticles industry is also experiencing an influx of research and development activities. Research has shown that gold nanoparticles have the potential to boost biosynthesis in plant plastids, allowing for their assessment in various plant cells. Gold nanoparticles are also being used in the field of dentistry as potential osteogenic agents, impacting osteoblast differentiation simulation.
Furthermore, gold nanoparticles are widely used as contrast agents for optical coherence tomography (OCT) technique in dentistry. Gold nanoparticles are also being developed and manufactured in dentinal tubules and layers for non-destructive and non-invasive visualization of structures, which is emerging as a new trend in the gold nanoparticles industry.
However, the COVID-19 pandemic has impacted the supply chain, resulting in a shortage of raw materials from Chinese manufacturers. Manufacturers are expected to move away from China to reduce the risk of future disruptions and smoothen the supply chain. Despite this, the gold nanoparticles market is expected to continue growing due to favorable government initiatives, increasing application of nanomaterials in various industries, and innovations in nanotechnology.
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