Gold Nanoparticle Market size to exceed USD 8 bn by 2022
Published Date: September 3, 2019 Authors: Kunal Ahuja, Kritika Mamtani
Gold Nanoparticle Market revenue is set to surpass USD 8 billion by 2022; according to a new research report by Global Market Insights, Inc.
Rising healthcare costs & changing consumer outlook on the efficacy of traditional drug delivery systems in cases of cancer and autoimmune diseases may augment market growth. They are used in chemotherapy as pathogen targeting particles. Functionalized gold nanoparticles play a key role in the targeted sensing of specific biomolecules which increases their suitability for the fabrication of smart sensors for biomolecule detection. They target tumor with light absorbing particles conjugated with antibodies, thus selectively killing cancer pathogen using laser. Increasing adoption of the product in medical application along with rising prevalence of chronic disorders such as cancer and cardiovascular diseases is projected to drive the market growth.
Gold nano particles are widely used in the manufacturing of screens for various gadgets such as smart watches and tablets. The rising demand for consumer electronics, primarily that of connected portable devices such as smartphones and tablets, technological advancements in the electronics industries along with declining prices of these products should increase gold nanoparticle market growth.
Get more details on this report - Request Free Sample PDF
Gold nanoparticles find extensive usage as catalysts in redox reactions, carbon-carbon coupling, and organic reactions. These products show significant activity at ambient temperature which allows great reduction in the operating costs of chemical plants and also improve reaction selectivity. In addition, low production cost and booming specialty chemical industry in emerging economies may stimulate product demand.
Browse key industry insights spread across 90 pages with 40 market data tables and 24 figures & charts from the report, “Gold Nanoparticle Market Size By Application (Electronics, Medical & Dentistry, Catalysis), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2012 – 2022” in detail along with the table of contents:
U.S. gold nanoparticle market demand may witness significant gains at over 20% during the forecast period. Functionalized gold nanoparticles play a key role in targeted sensing of specific biomolecules in biosensor applications which has led to increasing product usage in the fabrication of smart sensors for biomolecule detection. According to a Center for Disease Control and Prevention in 2017, over 90 million U.S. adults were afflicted by some type of cardiovascular disease. Rising prevalence of chronic illnesses such as cancer, and cardiovascular diseases in North America is likely to accelerate gold nanoparticle market growth.
UK gold nanoparticles demand may witness significant gains at over 15% during the forecast period. Recent developments in material engineering and nanotechnology have opened new pathways for electronic devices. Manufacturers are focusing on miniaturization, high performance, and cost reduction of systems and devices which may encourage product demand from the region.
China gold nanoparticle market share may register significant gains at over 20% by the end of forecast period. Low labor costs, convenient trade access to Europe and the Americas and the availability of skilled labor should boost Asia Pacific electronics market growth thereby stimulating gold nanoparticles demand. This trend is driven by increasing demand for consumer electronics from China and India, primarily due to favorable regulatory environment and increasing foreign investment thereby driving the market growth.
American elements, Sigma Aldrich, Tanaka Holdings, Particular GmbH, BBI Solutions, Goldsol, Cytodiagnostics, and Napopartz are key the market participants. Manufacturer’s are trying to adopt new extracting, manufacturing, and purification techniques to produce a more stable and cost-effective product may foster market share. Companies are adopting these particles in developing new techniques for drug delivery systems to counter growing demand for alternative medicine which may augment the market growth.
Gold nanoparticle market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Grams and revenue in USD from 2012 to 2022, for the following segments:
Gold Nanoparticle Market Statistics, By Application
- Medical & Dentistry
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific