Nanoparticles Market Challenges – Huge Capital Investmentneeded in Research and Development
Huge capital investment for research and development of newproduct and technology. Moreover, high cost of nanoparticles analysisinstruments is expected to be one of the key restraints for GlobalNanoparticles Market.
Particles between 1 and 100 nanometers (nm) in size known asnanoparticles. An individual nanoparticle molecule behaves as a complete unitin terms of its property and transportation. Rapidly increasing publicawareness for nanotechnology and introduction of new technologies will havemany beneficial consequences. Moreover, increasing applications ofnanotechnology in drug development and stringent guidelines for developingimproved medical products are some of the prime factors which is expected towitness significant growth over the forecasted period. Furthermore, hugecapital investment and high cost of nanoparticle analysis instrument is one ofthe key restraint for the growth of nanoparticle market. Due to its wideapplications in healthcare, biomedical, electronics and among others thenanoparticle is currently a new area of research among many scientist. Risinggovernment spending on pharmaceuticals and bio technology research anddevelopment and increasing focus on nanotechnology research also expected toexperience significant growth.
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North America dominated theglobal nanoparticles market due to increasing chronic diseases such asdiabetes, cardiovascular and cancer. Moreover, Europe is expected to witnessthe highest growth during the forecasted period, due to rapid research anddevelopment for nanoparticles. However, due to rampant economic growth of Chinaand India, Asia Pacific is also expected to witness decent growth during theforecasted period. Furthermore, India is also an emerging hub for pharmaceuticalsresearch and development.
Nanoparticles Market Outlook –Surge in Drug Development in Pharmaceuticals Industry Augmenting Market Growth
Expansion of medical diagnosticindustry and wide application of nanotechnology in healthcare sector such asneurology, cardiology and anti-infective is estimated to have a decent growthfor nanoparticles market in the forecast period. Depending upon preparation methodsnanoparticles, nanocapsules or nanospheres can be obtained. A long circulatingparticle made up of Biodegradable polymeric nanoparticles with hydrophilicpolymer coating of poly ethylene glycol (PEG), used as a powerful drug deliverydevice. Due to its ability to deliver peptides, proteins and genes, it is alsoused as a DNA carrier in gene therapy. Numerous advantages for nanoparticles indrug delivery system is expected to Spector enormous growth during theforecasted period. Moreover, growing public awareness, improved technology andincrease in chronic diseases escalate the global nanoparticles industry inNorth America. Emerging economy of Asia Pacific, such as China and India isexpected to witness significant growth over the forecasted period.
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Nanoparticles Market – RegulatoryScenario:
August, 2015, U.S. Food and DrugAdministration (FDA), issued guidance to address various issues related to theuse of nanotechnology in food ingredients intended for use in food for animals.
June, 2014, U.S. Food and DrugAdministration (FDA), issued three guidelines related to the use ofnanotechnology in regulated products, including cosmetics and food substances.
Some of the key players in themarket includes Abraxis Biosciences, Inc., Novartis International AG, GileadSciences, Inc., Johnson & Johnson, Sigma-Tau Pharmaceuticals, Inc. Amgen,Inc., and Nano Interface Technology, Inc., Malvern Instruments Ltd., HoribaLtd., Beckman Coulter, Shimadzu Corporation, Agilent Technology Inc., HitachiLtd., Wyatt Technology, among others.
Key Developments
Key companies in the market arefocused on various business strategies such as merger and acquisition, in orderto gain competitive edge in the market. For instance, in January 2019, HoribaLtd., a manufacturer of precision instruments, announced that HoribaInstruments Incorporated acquired MANTA Instruments, Inc., which has highreputation for its nanoparticle characterization technology.
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