North America Metal Nanoparticles Market
No. of Pages: 93 | Report Code: TIPRE00025244 | Category: Chemicals and Materials
No. of Pages: 93 | Report Code: TIPRE00025244 | Category: Chemicals and Materials
The North America metal nanoparticles market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. In the medical industry, metal nanoparticles are increasingly being used in therapeutic agents, drug delivery, bioimaging, and cancer diagnostics as well as treatment, among other applications. Various types of metal nanoparticles, including silver, titanium, gold, platinum, and copper, are known for their potential therapeutic effects. Gold and silver nanoparticles effectively inhibit the growth of gram-negative and gram-positive bacteria. Gold nanoparticles are used to detect biomarkers in the diagnosis of infectious diseases, cancer, and heart diseases. Platinum nanoparticles are used in biomedical applications such as implants, imaging, photothermal therapy, and drug delivery due to their intrinsic antimicrobial, antioxidant, and anticancer properties. Titanium nanoparticles are being used for killing bacteria present on various surfaces. When exposed to ultraviolet radiations, these nanoparticles produce a strong oxidative effect and act as photocatalytic disinfectants. Silver nanoparticles have antimicrobial and anticancer properties, and they are increasingly being used in the production of wound coatings and device coatings. Copper nanoparticles are being used in medical sector for the protection, control, and treatment of infections. Thus, a surge in the application of various metal nanoparticles in the medical industry is driving the metal nanoparticles market.
In North America, the US has reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including metal nanoparticles manufacturing activities. A group of researchers at the University of Maryland, US, claims that they have developed a diagnostic test that can detect the SARS-CoV-2 (causative agent of COVID-19) within 10 minutes of test and the results will be visible to naked eyes. The test is a simple colorimetry-based assay that uses gold nanoparticles that are capped with the nucleic acid sequence of the nucleocapsid phosphoprotein of the virus. The test is based on the determination of specific antibodies that are developed in response to the infection. Thus, a surge in the use of gold nanoparticles in the healthcare sector, particularly in the development of rapid COVID-19 test kits, is boosting the metal nanoparticles market.
Strategic insights for the North America Metal Nanoparticles provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 11,584.56 Million |
| Market Size by 2028 | US$ 32,808.23 Million |
| Global CAGR (2021 - 2028) | 16.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Metal
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Metal Nanoparticles refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The metal nanoparticles market in North America is expected to grow from US$ 11,584.56 million in 2021 to US$ 32,808.23 million by 2028; it is estimated to grow at a CAGR of 16.0% from 2021 to 2028. The increase in the development of the healthcare industry in North America is one of the major reasons driving the metal nanoparticles market in the region. The advances in medical technology, as well as the increase in population, have fueled the demand for metal nanoparticles in the medical industry. The supportive government initiatives for the growth of the healthcare sector are providing a favorable condition for the growth of the market in North America. Along with this, an increase in energy demand, owing to the growing population, is propelling the need for sustainable energy resources. The governments of the various countries in this region are implementing regulations to limit the dependency on the use of fossil fuels for energy generation and help in controlling environmental pollution. This, in turn, will lead to an increase in demand for solar energy, which propels an increase in the need for photovoltaic cells. A photovoltaic cell is an electrical device that converts the light energy directly into electricity by the photovoltaic effect. The rise in the use of photovoltaic or solar cells will lead to an increased demand for gold nanoparticles as various forms of gold nanoparticles are used to improve the efficiency of solar cells. The gold nanoparticles are being increasingly used in solar cells, owing to their stability as well as broad localized surface plasmon resonance (LSPR) effects. Thus, the prevalence of various manufacturing companies, along with an increase in demand from medical and renewable energy sectors, will drive the metal nanoparticles market in North America.
Based on metal, the others segment accounted for the largest share of the North America metal nanoparticles market in 2020. Based on end-use industry, the pharmaceutical and healthcare segment accounted for the largest share of the North America metal nanoparticles market in 2020.
A few major primary and secondary sources referred to for preparing this report on the North America metal nanoparticles market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include American Elements; BBI Group; Meliorum Technologies, Inc.; Nanocomposix; Nanosc, Inc.; Nanostructured and Amorphous Materials, Inc.; Nanoshel LLC.; and TANAKA Holdings Co., Ltd. and US Research Nanomaterials Inc.
The North America Metal Nanoparticles Market is valued at US$ 11,584.56 Million in 2021, it is projected to reach US$ 32,808.23 Million by 2028.
As per our report North America Metal Nanoparticles Market, the market size is valued at US$ 11,584.56 Million in 2021, projecting it to reach US$ 32,808.23 Million by 2028. This translates to a CAGR of approximately 16.0% during the forecast period.
The North America Metal Nanoparticles Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Metal Nanoparticles Market report:
The North America Metal Nanoparticles Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Metal Nanoparticles Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Metal Nanoparticles Market value chain can benefit from the information contained in a comprehensive market report.
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