The gold nanoparticles market is expected to record a CAGR of over 10% during the forecast period. The major factors driving the market studied are rising nanotechnology applications in the medical industry and rising demand from the high-end electronics sector.
- Volatility in the price of gold is expected to hinder the growth of the market studied.
- Innovation in the field of electronics is likely to act as an opportunity for the market studied during the forecast period.
Key Market Trends
Targeted Drug Delivery is the Major Application
- Targeted drug delivery segment represents one of the largest application bases for the gold nanoparticles market.
- Target drug delivery system is an advanced form of drug delivery system where the medication drug or a pharmacologically active agent is selectively delivered by the nanoparticles at an exact corresponding site of action or absorption, and not to the non-target organs, tissues, or cells.
- The introduction of nanoparticles to the targeted drug delivery system has resulted in various benefits, such as high therapeutic efficacy, high targeting efficiency, and reproducibility.
- Gold nanoparticles are used to deliver multiple drugs molecules, vaccines, recombinant proteins, or nucleotides into their targets, and can also control the volume of drug released via biological stimuli (internal) or light activation (external).
- One of the other use of gold nanoparticles is that its surface can be modified using some specialty polymers, like polyethylene glycol (PEG). This is expected to result in increased stability of gold nanoparticles in different physiological conditions and also to provide a multiformity of combinations on gold nanoparticles. This is further expected to boost the usage of gold nanoparticles in treated drug delivery applications.
United States to Dominate the North America Market
- The medical technology industry continues to be one of the most vital and dynamic sectors of the US economy and a leading force in the revolution that is transforming America's health care system. The country's medical technology industry is among the world leaders in producing state-of-the-art lifesaving and life-enhancing products. Fueled by huge research & development investments, the medical technology industry sets a standard on all relevant measures of growth - employment trends, production values, exports, global market share, venture capital financing.
- About 35% - 40% of the total domestic medical device production is exported, and a similar share of the United States' domestic consumption is imported. Overseas sales account for approximately 40% - 50% of the overall revenues for US medical device companies, including the foreign subsidiaries revenue.
- A major chunk of the United States' medical device market traditionally came from the EU and Japan. However, the rising medical investments in the developing countries, like China and India, is now creating a larger scope for the development of the US medical technology market.
- The breakthroughs in areas, such as device miniaturization and nanotechnology, has created vast opportunities for the growth of the gold nanoparticles market in the United States.
- Owing to the rapid pace of innovation in the advancement of technology and R&D activities in the electronics industry, there is a high demand for newer and faster electronic products. There is a spur in the number of manufacturing plants and development centers in the United States that are focusing on high-end products, which is expected to boost the demand for gold nanoparticles over the forecast period.
- Hence, due to the aforementioned factors, the market for gold nanoparticles in the United States is expected to witness high growth over the forecast period.
The gold nanoparticles market is fragmented in nature. The major companies include Merck KGaA, BBI Solutions., Tanaka Holdings Co Ltd, Nanocomposix.eu., and Cytodiagnostics Inc., among others.
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