Nanoparticles - Metal & Metal Oxides Market Growth and Forecast, 2014 - 2025

The global Nanoparticles - Metal & Metal Oxides Market in Healthcare was worth USD 25.86 billion in 2016 which is anticipated to reach USD 80.74 billion over the forecast period. The existence of a significant amount of metal and metal oxide nanoparticle based drugs that are authorized by the U.S. FDA and prescribed by physicians for the treatment of acute and chronic ailments is attributive for the estimated market.

Furthermore, presence of molecules in the development phase based on the principle of metal oxide nanoparticles is anticipated to boost growth in the coming years. Applications served by these particles include radiotherapy enhancement, drug & gene therapy, thermal ablation, and sensitive diagnostic assay. This versatile nature with respect to the applicability in health care makes these particles a substantial source of growth in nanomedicine market. Technological innovations pertaining to reduction of adverse effects linked to the application of these particles is expected to influence growth in the forecasted period.

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Scientists and biologists are currently involved in directing R&D to improve understanding of metal based nanoparticles in order to lessen the toxicity problems associated with their usage. Subsequent developments are anticipated to fast-track the development over the forecast period.

The pharmaceutical field is a continually progressing marketplace with vigorous regulatory standards, growing demand for outcome oriented therapy and rising manufacturing and R&D costs for delivering better products than the existing ones. These concerns are persistently generating pressure on manufacturers and government policy makers to meet patient expectations for providing better drugs at a low price.

Research endeavors carried out for developing novel products is anticipated to boost revenue generation in the coming years. Additionally, the presence of government supported plans such as the National Nanotechnology Initiative (NNI), which offers provision to co-ordinate projects of R&D for nanomedicine technology growth are factors anticipated to strengthen the revenue potential of nanotechnology industry in healthcare.

Type Insights

Gold particles have the biggest share with respect to revenue owing to their vast use in therapeutic advancement. Key factors include small dimensions, less toxicity, and better compatibility that aid in increasing its adoption rate. Besides, gold nanocages coupled with the coating of the temperature-sensitive polymer are pertinent in a targeted delivery system that on contact with near-infrared radiations, discharge effectors. These are beneficial in checking for interaction with the drug and avails efficient control, thus driving adoption in the various delivery application of the drugs reaching from DNA to the cellular level, disease monitoring, imaging and diagnosis.

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