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Global Gold Nanoparticles Market Insight August 3, 2022 Comments

The Gold Nanoparticles is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Gold Nanoparticles Professional Survey Report 2022, Forecast to 2027”, Market revenue growth is primarily due to rapid advancements in nanotechnology and biotechnology, rising demand for gold nanoparticles for making conductors and electronics chips, and increasing investments by major players in Research & Development (R&D) activities across the globe for development of innovative products, processes, and technologies such as green gold nanoparticle technology. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 11.37% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“The market is expected to be driven by the advancements in the area of nanotechnology, its growing use in the field of medicine (especially in dentistry), and for diagnostics and target imaging. In dentistry, gold nanoparticles are employed as contrast agents in the OCT approach, and offer benefits such as destruction of bacteria and cancer cells. Nanoparticles are increasingly being used in targeted cancer imaging and treatment, due to increased biocompatibility and selective accumulation in tumor cells. The rising incidence of chronic diseases such as cardiovascular diseases and cancer is expected to promote demand for gold nanoparticles in the forthcoming years.” said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:

Driver: Increasing application of gold nanoparticles in the healthcare sector
Increasing implementation of nanotechnology in electronics and healthcare sectors for improving medical facilities and drug delivery systems is contributing to revenue growth of the market. Gold nanoparticles are utilized in medicinal applications due to properties such as anticorrosive, bacteriostatic, and antioxidative. Gold nanoparticles penetrate deep into the targeted areas of the body, which makes these particles suitable for photothermal treatment of cancer and other diseases where targeted drug delivery is a necessity. In addition, various applications of functionalized gold nanoparticles include genomics, biosensors, laser phototherapy of cancer cells, immunoassays, clinical chemistry, targeted delivery of drugs, antigens, DNA, and others. Furthermore, biotechnology, nanotechnology, and green technology advancements are also expected to support market revenue growth. For example, by using a biomolecule B3 peptide, researchers from the Tokyo Institute of Technology have developed an eco-friendly process to synthesize gold nanoparticles that have improved morphology for near-infrared light absorption.
Restraint: Concerns over toxicity related to the gold nanoparticle
Nanomaterials such as gold nanoparticles are used in biomedicine due to thermal, electrical, mechanical, chemical, and optical properties offered. Rising concerns of mutagenicity, cell and genotoxic effects of gold nanoparticle on human organs and cells are factors that could restrain market revenue growth. Nanoparticles have been associated with apoptotic cell death and embryo growth inhibition. However, several manufacturers are heavily investing in research activities for developing innovative methods to reduce side effects generated from these particles. For instance, the National Centre for Polar and Ocean Research (NCPOR) and the Goa University (GU) have synthesized gold nanoparticles in an eco-friendly, cost-effective, and non-toxic way from Antarctic bacteria that can be used as therapeutic agents such as anti-cancer, anti-viral, anti-diabetic, and cholesterol-lowering drugs. Moreover, negative impact of gold nanoparticles such as invasive needle placement is expected to hamper revenue growth of the global market to some extent.

Competition Landscape:

Competitive landscape of the global gold nanoparticles market is consolidated with a few key players operating on global and regional levels. Key players are engaged in product development and strategic alliances to expand their respective product portfolio and gain a robust footing in the global market. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Gold Nanoparticles companies that include Cytodiagnostics Inc., Goldsol Inc., BBI Solutions, NanoHybrids, Torskal, Nanosphere Inc., TANAKA Holdings Co., Ltd., Cline Scientific, Meliorum Technologies, Inc., NanoComposix, Abcam plc., and Agilent Technologies Inc.

Segmentation of Gold Nanoparticles Market:

Based on type, the global gold nanoparticles market is segmented into nanorods, nanoshells, nanocages, and others. Nanorods segment is expected to register rapid revenue growth rate during the forecast period. Nanorods are widely used in various applications due acceptable shape and physical properties of these particles. Nanorods, along with nanoparticles also function as theragnostic agents. Nanorods are also used for cancer therapeutics as it absorbs the Near-Infrared Ray (NIR) and generate heat when excited with Infrared (IR) light. Gold nanorods can also be used for cell imaging, which can yield both quantitative and qualitative data. It is also used for photothermal therapy, which helps to target cancer cells inside human body. Pain-relieving drug delivery to organs, tissues, and cells is possible with help of gold nanorods.
Based on application, the global gold nanoparticles market is segmented into imaging, targeted drug delivery, sensors, in vitro diagnostics, probes, catalysts, and others. Imaging segment is expected to register rapid revenue growth rate during the forecast period. Medical imaging is a crucial component for diagnosis and treatment of a disease. Magnetic iron oxide is an inorganic nanoparticle that serves as an optical probe and is studied as a Magnetic Resonance Imaging (MRI) contrast agent. Gold nanoparticles have high X-ray attenuation, biocompatibility, and surface chemistry, which are ideal for use in Computed Tomography (CT) scans. Gold nanoparticles can also be incorporated with other imaging agents such as dyes and rare earth metals.
Based on end-use, the global gold nanoparticles market is segmented into electronics, healthcare, chemicals, cosmetics & personal care, and others. Healthcare segment accounted for largest revenue share in 2022, and is expected to register rapid revenue growth rate during the forecast period. Gold nanoparticles are used widely in healthcare sector for CT scans, Surface-enhanced Raman Spectroscopy (SERS), and X-ray imaging owing to high-density resolution property offered. In addition, one of the most significant features of gold nanoparticles is Localized Surface Plasmon Resonance (LSPR). LSPR technology helps to monitor bio molecular binding interactions in real-time. Gold nanoparticles along with LSPR technology provide several benefits over other methods such as reusable biosensors, small sample size requirement, use of complex samples, label-free detection, and real-time monitoring.

Gold Nanoparticles Market: Regional Analysis

In terms of geography, the global Gold Nanoparticles market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Gold nanoparticles market in Asia-Pacific accounted for largest revenue share in 2022, and is expected to register rapid revenue growth rate during the forecast period. This growth is primarily driven by rising demand for gold nanoparticles for medical imaging and targeted drug delivery in the healthcare sector and as catalysts in chemical reactions. In addition, rising demand for gold nanoparticles in manufacturing electronics and healthcare devices is expected to drive revenue growth of the market in this region. Moreover, governments of various countries in this region are investing in R&D of latest products, wearable devices, and equipment in the healthcare sector, which is also expected to support Asia-Pacific market revenue growth.

 

Cagr: 11.37%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Nanorods, Nanoshells, Nanocages, and Others
Application:Electronics, Healthcare, Chemicals, Cosmetics & Personal Care, and Others