New York
City, 29 January 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.
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.
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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.
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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