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Nanoparticles Contract Manufacturing Global Market Report 2024 - By Share, Size, Industry Trends, Growth, Outlook By 2033
Nanoparticles Contract Manufacturing Market
As per the report, the nanoparticles contract manufacturing market size has grown rapidly in recent years. It will grow from $2.89 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The nanoparticles contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.
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The Role Of Research Investments In Driving Growth Of The Nanoparticle Contract Manufacturing Market
The surge in research investments is expected to propel the growth of the nanoparticle contract manufacturing market. Research investments refer to financial resources allocated toward conducting research activities aimed at generating new knowledge, advancing scientific understanding, developing innovative technologies, or solving specific problems. Research investments are increasing due to several factors, such as the focus on innovation and technology, rising awareness of societal challenges, support for emerging technologies, policy support and long-term planning, and government funding initiatives. Research investments are essential for the advancement of nanoparticle contract manufacturing because they promote technological innovation, customization, quality control, scalability, cross-disciplinary cooperation, market expansion, and economic growth. For instance, in April 2023, according to the House of Commons, a UK-based governing body, the Chancellor declared a substantial increase in public Research and Development (R&D) expenditures, aiming to raise the budget to £22 billion ($27.64 billion) by fiscal year 2024-2025 from approximately £9 billion ($11.30 billion) in the previous year, amounting to 0.8% of GDP, reflecting a commitment to enhancing R&D efforts and driving innovation domestically. Therefore, the surge in research investments is driving the growth of the nanoparticle contract manufacturing market.
Innovation In Commercial Formulation Systems Enhances Competitiveness In Nanoparticle Contract Manufacturing Market
Major companies operating in the nanoparticle contract manufacturing market are developing innovative technologies, such as commercial formulation systems, to produce medicines for clinical and commercial manufacturing and gain a competitive edge in the market. A commercial formulation system refers to a comprehensive platform designed for the efficient development and production of nanoparticle-based products. For instance, in July 2023, Cytiva, a US-based provider of life sciences products and solutions, launched the NanoAssemblr commercial formulation system. This system is designed to minimize the risk of cross-contamination, which is particularly important for genomic medicines. It utilizes a single-use fluid path that helps boost production by minimizing downtime for sanitizing and cleaning, allowing for the manufacture of multiple lipid nanoparticle products within the same facility. The system is powered by 21 CFR Part 11-compliant software that enables electronic batch records, captures in-process monitoring of flow rate, and automates the priming, calibrating, formulating, and in-line dilution processes.
The nanoparticles contract manufacturing market covered in this report is segmented -
1) By Type Of Nanoparticle: Metal Nanoparticles, Lipid Nanoparticles, Other Nanoparticles
2) By Manufacturing Scale: Commercial, Clinical, Pre-Clinical
3) By Application: Therapeutics, Diagnostics, Vaccines
4) By End-User: Pharmaceutical Companies, Biotechnology Companies
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Major companies operating in the nanoparticles contract manufacturing market are AstraZeneca plc, Evonik Industries AG, Emergent BioSolutions Inc., CordenPharma International GmbH, Ajinomoto Bio-Pharma Services, IBA Worldwide, BioVectra Inc., Mevion Medical Systems Inc., Fortis Life Sciences, Ascendia Pharmaceuticals LLC, LSNE Contract Manufacturing, Precision NanoSystems Inc., Ardena Holding NV, American Elements, Polymun Scientific Immunbiologische Forschung GmbH, Danfysik A/S, Hitachi Chemical Advanced Therapeutics Solutions LLC, Axolabs GmbH, AVANSA Technology & Services, Cytodiagnostics Inc., Encapsula NanoSciences LLC, MyBiotech GmbH, Nanochemazone, RiboPro GmbH, TechNano India
Contents of the report:
1. Executive Summary
2. Nanoparticles Contract Manufacturing Market Report Structure
3. Nanoparticles Contract Manufacturing Market Trends And Strategies
4. Nanoparticles Contract Manufacturing Market - Macro Economic Scenario
5. Nanoparticles Contract Manufacturing Market Size And Growth
…..
27. Nanoparticles Contract Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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