Colloidal Selenium Nanoparticles Market Size

Colloidal Selenium Nanoparticles Market Size

Global Colloidal Selenium Nanoparticles Market size was valued at over $55 million in 2018 and is estimated to exhibit growth with over 30% CAGR from 2019 to 2026. This can be attributed to the rising product usage as anticancer drug delivery carrier and nutrition supplement.

Colloidal selenium nanoparticles (colloidal SeNP) are dispersed nanoparticles, generally containing more than 99% of pure selenium within an aqueous solution. These nanoparticles possess excellent therapeutic and anticancer properties, which is the key reason behind their wide usage in the medical and healthcare industry.

Apart from these, many researchers are conducting experiments for identifying potential applications of the product in other sectors as well. For instance, in February 2016, Brown University filed a patent that demonstrated the usage of SeNP for limiting the growth of pathogens in various applications of textiles, woven & non-woven fabrics, medical implant, etc.