This market research report presents the segmentation of the global gold nanoparticles market by end users (healthcare, electronics, and catalytic activity) and by geography (APAC, Europe, North America, and ROW). The key vendors analyzed in this market analysis report are NanoComposix, BBI, Cytodiagnostics, Goldsol, Sigma Aldrich, Tanaka, Clinescientific, and Meliorum.
Technavio has released its new market research report, global gold nanoparticles market, which is expected to grow at a CAGR of around 19% between 2015 and 2019. The increased use of gold nanomaterials in medical diagnostics and optics is driving the growth of this market. North Americas leads the global market for gold nanoparticles, accounting for around 32% of the overall market revenue. The increase in the usage of gold nanoparticles in various applications such as photovoltaic cells and optics is driving the market growth in this region.
“One of the most interesting trends emerging in this market is the use of gold nanoparticles in drug delivery. These nanoparticles facilitate the biodistribution of drugs to the affected organs, tissues, or cells. Optimal nano-drug delivery makes sure that the active drug is delivered to the correct site, at the correct time, and for the correct duration. Also, lots of R&D is taking place to examine the use of gold nanoparticles as carriers for drugs such as Paclitaxel, as the delivery of such hydrophobic drugs requires molecular encapsulation,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
The rise of nanotechnology in medical and pharmaceutical applications is anticipated to drive global gold nanoparticles market during the forecast period. The gold nanoparticles are utilized for healthcare applications such as drug delivery, tumor detection and in electron microscopy. Also, the gold nanoparticles are a promising alternative for diagnosing various ailments and illnesses, including HIV/AIDS, cancer, and Alzheimer’s.
The leading vendors in the global gold nanoparticles market include NanoComposix, BBI, Cytodiagnostics, Goldsol, Sigma Aldrich, Tanaka, Clinescientific, and Meliorum. The market is highly competitive and fragmented due to the presence of a number of suppliers in the global market. Vendors compete on the basis of product innovations, pricing, product quality, distribution network, and creative developments. The research report predicts the increased the influx of private labels and consolidation among vendors during the forecast period.
A more detailed analysis is available in the Technavio report, Global Gold Nanoparticles Market 2015-2019.
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