Nanotechnology is an innovative field of science. It is concerned with the study of material properties that extremely small in size. These are known as nanoparticles. Scientifically any particle is called a nanoparticle if it is 1-100 nanometers in size. One of the most important natural nanoparticles are gold nanoparticles. They can be utilized for a number of purposes in the medical industry & material science industry. Owing to this Americas gold nanoparticles market is gaining impetus.
The American Nano Society recently released a report that stated that in the medical industry gold nanoparticles are of great importance. The special thing about these is that they are highly easy to obtain. And they can also be combined with other biological molecules for the purpose of diagnosis or cure.
A new technology has surfaced that allows the nanoparticles to be transferred to blood vessels. By doing this, accurate tumor location can be identified. This technique can also be used to deliver the required drugs to the body. In near future gold nanoparticles will be utilized to treat a number of diseases. Some of them include, arthritis, hepatitis, fungal infections, cancer, heart diseases, certain infections & tumors as well.
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Currently, the medical industry is in high need of innovative inventions. Owing to this fact, it can be confidently said that the global Americas gold nanoparticles market will experience tremendous growth in the coming years. Back in 2016, the industry earned above USD 2148.6 million. During the forecast period of 2018-2022, the market is expected to generate the revenue of around USD 13380.9 million. In terms of CAGR, the market is expected to grow at the rate of 21.36%.
There are many factors that cumulatively contribute to the growth of this market. One of the major growth propellers for this industry is the high demand for natural nanoparticles in various end-user businesses. Furthermore, the increased need for gold nanoparticles in the healthcare sector will further foster the gold nanoparticles market.
Higher investments in R&D and upsurge in the demand for nanotechnology products to treat cancer & other fatal diseases can be termed as additional growth factors for the market.
The industry may however face certain restraints on its path to success. Some of them include, stringent governmental laws & guidelines and rising instances of toxicity of gold nanoparticles. But with time, the market will find ways to cope up with such issues.
The Americas gold nanoparticles market is divided into four main parts – end users, applications, types, & geographies.
On the basis of end-users the market is segmented into electronics, catalysis & medical. The medical sub-segment accounted for the largest market share which came to around 49.7%.
On account of applications, the industry can be bifurcated into medical imaging, photodynamic therapy & diagnostics.
The types segment is further trifurcated into nanoshells, nanorods & nanocages.
Regionally, this market is spread across regions like North America, Asia Pacific, Europe & Rest of the World.
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Americas gold nanoparticles market has observed many notable innovations over the last few years. But there are some inventions that stand out amongst the rest. One such advancement has been the introduction of cell & phantom imaging. This technology has great future potential & is expected to play a major role in the development of this market.
Market Players & Strategies
The industry is ruled by many giant brands, some of those are Goldsol, Nanopartz Inc., Nanostellar & Sigma Aldrich. There is only one major strategy that is used by all of these brands and that is heavy investment in research and development procedures. By doing this, they work towards discovering new products that will help them in generating more revenue.
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