New York, NY Dec 12 2019: The global
gold nanoparticles market is anticipated to
reach USD 1.52 billion by 2026 and is anticipated to grow at a CAGR of 10.2 %
from 2018 to 2026. Gold nanoparticles market is anticipated to witness
significant growth over the forecast period. Growing demand for nano
technological medical products, inherent advantages of gold nanoparticles, as
well as growing application portfolio in medical field are expected to boost
market growth. The global growth in the electronics industry are also expected
to contribute to the overall market growth.
Inefficient tumor therapy, less developed drug
targeting methods, drug resistant tumors, are a major cause for rising number
of deaths due to cancer ailments. Gold nanoparticle enables efficient drug
delivery, enhanced bio-imaging as well as aid in the selectivity of a wide
range of drugs. The growing number of cancer ailments combined with the effect
of gold nanoparticles is expected to benefit the market demand.
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Gold nanoparticles exhibit several advantages over
their other conventional counterparts. Such advantages include high surface
area, unique physical, chemical as well as optical properties, high surface
area, biocompatibility, as well as conjugation with other molecules enable
their widespread applicability. Such trends are expected to propel market
growth.
Gold nanoparticles are used as conductors in
electronic applications such as electronic chips to conductors. The
optimization and miniaturization are the major factors driving the electronics
industry. Gold nanoparticles aid in these efforts of the electronics industry.
The growth of the electronics industry in regions such as Asia Pacific are expected
to aid the global market demand growth.
The food & beverage industry utilize the
colorimetric sensors manufactured by utilizing these metal nanoparticles. These
sensors aid to qualify whether the food is fit for consumption or not. Rising
awareness regarding the quality of food, concerns over food quality scams, and
prevalent rules and regulations have forced food manufactures to manufacture
high quality food. Such trends are expected to drive the gold nanoparticles
market demand.
Toxicity of gold nanoparticles is expected to restrain
market growth. Prescribed regulations aimed at containing this toxicity have to
be abided by manufacturers. Industry participants have developed novel
manufacturing methods which eliminate the usage of such toxic substances in
their manufacturing processes.
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Gold nanoparticles are used in memory devices. These
products are also used to manufacture insulators which display excellent
stability and also contribute to the prevention of charge accumulation. Due to
their excellent catalytic as well as conductive properties, electronics
industry is widely utilizing this material.
Research and Development activities are influencing
the market growth. Researchers have developed products which can attract and
destroy the viruses in the body. These products mimic the human body cells.
These products can also be used to cure antimicrobial diseases. Different
materials have also been developed to be used to treat ageing skin diseases.
The growing medical industry is benefitting the market demand.
The prevalent medical industry in North America, as
well as strong presence of industry participants is contributing to the
regional demand. Strong demand from countries such as China, India and Japan is
propelling the Asia Pacific market growth. Companies are focusing on developing
regions to gain market share.
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