Nanoparticles Market Challenges – Huge Capital Investment
needed in Research and Development
Huge capital investment for research and development of new
product and technology. Moreover, high cost of nanoparticles analysis
instruments is expected to be one of the key restraints for Global
Nanoparticles Market.
Particles between 1 and 100 nanometers (nm) in size known as
nanoparticles. An individual nanoparticle molecule behaves as a complete unit
in terms of its property and transportation. Rapidly increasing public
awareness for nanotechnology and introduction of new technologies will have
many beneficial consequences. Moreover, increasing applications of
nanotechnology in drug development and stringent guidelines for developing
improved medical products are some of the prime factors which is expected to
witness significant growth over the forecasted period. Furthermore, huge
capital investment and high cost of nanoparticle analysis instrument is one of
the key restraint for the growth of nanoparticle market. Due to its wide
applications in healthcare, biomedical, electronics and among others the
nanoparticle is currently a new area of research among many scientist. Rising
government spending on pharmaceuticals and bio technology research and
development and increasing focus on nanotechnology research also expected to
experience significant growth.
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North America dominated the
global nanoparticles market due to increasing chronic diseases such as
diabetes, cardiovascular and cancer. Moreover, Europe is expected to witness
the highest growth during the forecasted period, due to rapid research and
development for nanoparticles. However, due to rampant economic growth of China
and India, Asia Pacific is also expected to witness decent growth during the
forecasted period. Furthermore, India is also an emerging hub for pharmaceuticals
research and development.
Nanoparticles Market Outlook –
Surge in Drug Development in Pharmaceuticals Industry Augmenting Market Growth
Expansion of medical diagnostic
industry and wide application of nanotechnology in healthcare sector such as
neurology, cardiology and anti-infective is estimated to have a decent growth
for nanoparticles market in the forecast period. Depending upon preparation methods
nanoparticles, nanocapsules or nanospheres can be obtained. A long circulating
particle made up of Biodegradable polymeric nanoparticles with hydrophilic
polymer coating of poly ethylene glycol (PEG), used as a powerful drug delivery
device. Due to its ability to deliver peptides, proteins and genes, it is also
used as a DNA carrier in gene therapy. Numerous advantages for nanoparticles in
drug delivery system is expected to Spector enormous growth during the
forecasted period. Moreover, growing public awareness, improved technology and
increase in chronic diseases escalate the global nanoparticles industry in
North America. Emerging economy of Asia Pacific, such as China and India is
expected to witness significant growth over the forecasted period.
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Nanoparticles Market – Regulatory
Scenario:
August, 2015, U.S. Food and Drug
Administration (FDA), issued guidance to address various issues related to the
use of nanotechnology in food ingredients intended for use in food for animals.
June, 2014, U.S. Food and Drug
Administration (FDA), issued three guidelines related to the use of
nanotechnology in regulated products, including cosmetics and food substances.
Some of the key players in the
market includes Abraxis Biosciences, Inc., Novartis International AG, Gilead
Sciences, Inc., Johnson & Johnson, Sigma-Tau Pharmaceuticals, Inc. Amgen,
Inc., and Nano Interface Technology, Inc., Malvern Instruments Ltd., Horiba
Ltd., Beckman Coulter, Shimadzu Corporation, Agilent Technology Inc., Hitachi
Ltd., Wyatt Technology, among others.
Key Developments
Key companies in the market are
focused on various business strategies such as merger and acquisition, in order
to gain competitive edge in the market. For instance, in January 2019, Horiba
Ltd., a manufacturer of precision instruments, announced that Horiba
Instruments Incorporated acquired MANTA Instruments, Inc., which has high
reputation for its nanoparticle characterization technology.
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