Carbon
nanotubes (CNTs) are cylindrically shaped structures with diameter of
one-billionth of a meter, which is 100 times stronger and just
one-sixth as heavy as steel. The high strength and low weight
combined with physical flexibility is the most noteworthy property of
carbon nanotubes. Carbon nanotubes exhibit higher thermal and
electrical conductivity than conventional copper tubes. Carbon
nanotubes are increasingly being used as an efficient tool in
transporting drug molecules, while it plays a major role in body
implants, dental filling, and medical device components. CNTs are
functionalized with bioactive peptides, proteins, nucleic acids, and
drugs for targeted drug delivery to the cells and organs. Carbon
nanotubes assure low toxicity and are not immunogenic, due to which
it has potential application in the field of nanomedicine and
nanobiotechnology, among others.
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Increasing
healthcare applications to boost market growth
According
to a study conducted by The University of Cambridge, in 2016, the
global CNT production capacity has increased tenfold over the last 5
years due to exponential rise in demand for carbon nanotubes across
various industries such as electronics, semiconductors, chemical &
polymers, advanced materials, and batteries & capacitors is
driving growth of the carbon nanotubes market. Furthermore,
increasing incorporation of carbon nanotubes in the healthcare sector
for therapies such as cancer, hyperthermia, gene therapy, tissue
regeneration, and artificial implants is drastically driving growth
of the carbon nanotube market. Its superior mechanical &
transport properties are the major factors for growth of the carbon
nanotubes market.
Financial
backing from government bodies to boost market growth in Asia Pacific
Europe
is expected to hold the largest market share, owing to high incidence
of cancer in the region. According to the research published by
National Centre of Biotechnology Information in Europe in 2012,
29,300 cancer cases were registered every year and carbon nanotubes
proved an effective diagnostics in curing the major types of cancer.
Increasing government investments in research and development in the
field of nanotechnology integrated with healthcare is driving growth
of the carbon nanotubes market.
The
use of carbon nanotube scaffolds in tissue engineering represent a
promising carbon nanotube market
Key
players operating the carbon nanotubes market include CNano
Technology Limited, Hanwha Nanotech Corporation, Kumho Petrochemical
Company Ltd. Scaffold designing and fabrication are major areas of
biomaterial synthesis, which have increased the demand for carbon
nanotubes, in turn boosting market growth. Other prominent
participants include Showa Denko, Carbon Solutions, Future Carbon
GmbH, and Continental Carbon Nanotechnologies Inc.
Advent
of multi-wall carbon nanotubes fueling market growth
On
the basis of product type, the carbon nanotubes market is segmented
into:
-
Single wall carbon nanotubes
-
Multi wall carbon nanotubes
On
the basis of application, the carbon nanotubes market is segmented
into:
-
Targeted drug delivery
-
Tissue engineering
-
Gene therapy
-
Cancer therapy
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