Nanoparticles are individual molecules that behave as a unit as a whole in terms of their transport and properties. The particle size of nanoparticles is 1 to 100 nanometers. Nanoparticles are further categorized into ultrafine particles (1-100 nanometers in size), fine particles (100-2,500 nanometers), and coarse particles (2,500-10,000 nanometers), depending on their diameter.
Nanoparticle-sized crystals called nanocrystals. On the other hand, an aggregate of ultrafine particles, nanoparticles, or nanoclusters called nanoparticles. Nanoparticle research is currently the most studied field of science in which nanoparticles are used in a variety of fields.
Nanoparticles represent a bridge between bulk materials and atomic or molecular structures. This is one of the reasons why nanoparticles are so scientifically interesting. There are several ways to synthesize nanoparticles, including wear, pyrolysis, and hydrothermal synthesis.
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Nanoparticle characterization performed by a variety of methods, including light-based and non-optical characterization techniques. Many properties of nanoparticles are based on surface coatings. These properties include stability, solubility, and targeting in particular. Nanoparticles are small enough to confine electrons and produce quantum effects, resulting in a very high surface area-to-volume ratio and unexpected visibility.
Due to the wide variety of potential applications in the fields of biomedicine, optics, and electronics, nanoparticle research is now an area of intensive scientific research. There are various uses for nanoparticles in drug delivery. Nanotechnology is widely used in the healthcare industry for applications such as neurology, anti-infectives, and cardiovascular disorders.
The expanding medical diagnostics industry, the growing growth of advanced medical technologies, and the high advantages of medical imaging applications are some of the key drivers driving the growth of the global nanoparticle market. Increasing government spending on pharmaceutical and biotechnology R & D and increasing attention to nanotechnology research are also expected to boost the growth of the global nanoparticle market.
However, high product development and R & D costs are expected to impede the growth of the global nanoparticle market. Developing methods for assessing the toxicity of artificial nanomaterials and tools for assessing risks in human health and the environment can pose challenges for the growth of the global nanoparticle market.
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The global nanoparticle market is divided based on technology, applications, end users, and geography.
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Based on technology, the global nanoparticle market is divided into liposomes, polymer binders, polymer nanoparticles, dendrimers, inorganic nanoparticles and more. This segment dominated the market as major nanoparticles such as dendrimers and inorganic nanoparticles such as gold nanoparticles were used in the delivery of pharmaceuticals.
The nanotube segment is expected to grow at the highest CAGR during the forecast period from 2016 to 2024. Based on technology, the global nanoparticle market is divided into biotechnology, drug development, and drug delivery. During the forecast period from 2016 to 2024, advanced medical technology is expected to increase the use of nanoparticles in drug development and drug delivery.
Based on regional presence, the global nanoparticle market is divided into five major regions. North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2014, North America dominated the global nanoparticle market. Factors such as the increased incidence of chronic diseases such as cancer and diabetes in the region have helped the growth of the North American nanotechnology drug delivery market. However, the European and Latin American markets are expected to grow at the highest CAGR during the forecast period.
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Some of the major players in the global nanoparticle market are Abraxis Biosciences, Inc., Novartis International AG, Gilead Sciences, Inc., Johnson & Johnson, Sigma-Tau Pharmaceuticals, Inc. Amgen, Inc., and Nano Interface Technology, Inc. .is. The entry of existing major companies in emerging countries and the development of products with advanced nanoparticle technology are expected to create competition in the global nanoparticle market.
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