Americas Gold Nanoparticles Market Scenario:
Nanotechnology is the manipulation of matter on an atomic, molecular, and supramolecular scale in the range of 1 to 100 nanometres.
Business Dynamics of the American Gold Nanoparticles Market:
The American gold nanoparticles market is anticipated to demonstrate strong growth owing to technological advancements such as development of tunnelling microscopy. Expanse in applications of nanoparticles in complimentary industries is expected to result in rise in demand especially from the healthcare industry led by diagnostics and therapeutics. Tumour treatment & diagnosis is expected to lead the clinical applications. Strong growth is also expected in the electronic and chemical industries. The growth in electronics is expected to be chiefly driven by surging demand for high-efficiency and compact mass storage media devices.
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Other driver of the market is the strong governmental support to nanotechnology, because of the scale and the scope of potential applications. Many governments had made nanotechnology their national priority and have invested billions of dollars in research. For example, through its National Nanotechnology Initiative, the USA has invested $3.7 billion, followed by the European Union with $1.2 billion and Japan with $750 million. Technical advantages such as enhanced stability and lower crystal growth of molecules provide gold nanoparticles an edge over other metal nanoparticles such as silver and platinum.
The market restraints are the growing stringency of standards and guidelines for manufacturuing, concerns over the safety both personnel and environmental, toxicity of gold nanoparticles, and cost of the gold nanoparticles. However the potential technology applications coupled with the lure of high CAGR is expected to overcome these barriers leading to strong growth of the market. Lack of scientific validation studies and life cycle studies represent a formidable barrier.
Regional analysis of the gold nanoparticles market
U.S accounts for the largest share of the Americas Gold nanoparticles market, accounting for more than 75 % of the market. Europe accounts for the second largest market led by the U.K. France and Germany. The Asia Pacific market is expected to be dominated by Japan, China and India. The Middle East and Africa region is expected to generate a moderate market value owing to poor economics and low research intensity.
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Key Players of the gold nanoparticles market
The key players that are involved in Americas Gold nanoparticles market are Cytodiagnostics (Canada), Goldsol (U.S), NanoHybrids Corp (Austin), Nanopartz Inc (U.S), Nanosphere (Canada), Nanostellar (U.S), NanoRods LLC (U.S), Sigma Aldrich (U.S), and others.
Business strategy analysis of the gold nanoparticles market:
Only a few nano-drugs targeting cancers are under trials such as Aurimmune and Auroshell. Co-development of products to curtail the high development costs and risks is an attractive strategy pursued by many players. The development of technology is cost and resource intensive and favour financially strong companies as the nascent stage of technology. Fund pooling, demand pooling and taking advantage of government funding is another strategy for financially viable development of golden nanoparticles products. The high research intensity and intellectual property makes the gold nanoparticles ideal market for start-ups.
The high return of seed funding and angel investment, proprietary technology and value based pricing has resulted in high start-up funding. Cash rich firms are using merger and acquisition to capture future potential market equity. The high technological barrier will deter any newcomer which is expected to make a highly niche market.
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