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Nanoparticle Analysis Market Outlook, Trends, Analysis, Insights, Overview And Forecast To 2033
Nanoparticle Analysis Market Outlook
According to The Business Research Company's, The nanoparticle analysis market size has grown rapidly in recent years. It will grow from $4.75 billion in 2023 to $5.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to advancements in nanotechnology, increasing demand for precision medicine, environmental concerns driving the need for pollution monitoring, expanding applications in electronics, and government funding for research and development.
The nanoparticle analysis market size is expected to see rapid growth in the next few years. It will grow to $7.84 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to nanoparticle size diversity, demand for advanced characterization techniques, emerging applications in medicine and electronics, regulatory requirements for product safety, and technological advancements in instrumentation. Major trends in the forecast period include increased adoption of advanced spectroscopy techniques, growth in demand for nanoparticle tracking analysis, rising applications in pharmaceuticals, expanding utilization in environmental monitoring, and the emergence of integrated analytical platforms.
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Market Drivers and Trends:
The increasing prevalence of cancer is expected to propel the growth of the nanoparticle analysis market going forward. Cancer is a collection of disorders defined by abnormal cell proliferation that can invade and spread throughout the body. The increasing prevalence of cancer can be attributed to factors such as aging populations, lifestyle changes, environmental exposures, and improved detection and diagnosis methods. Nanoparticle analysis is crucial in driving innovation in cancer research and treatment. It enables researchers to comprehend the unique characteristics of nanoparticles, facilitating the development of targeted drug delivery systems, improvements in cancer imaging, and the progression of personalized medicine approaches. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased to 19.58 million in 2023, reflecting a growth of 3.16% from 18.98 million in 2021. Therefore, the increasing prevalence of cancer is driving the development of the nanoparticle analysis market.
Major companies operating in the nanoparticle analysis market are focusing on developing real-time nanoparticle detection and analysis solutions, such as Videodrop, to gain a competitive edge in the market. Videodrop is a nanoparticle size and concentration measurement system that uses interferometry and microscopy to sense, detect, characterize, and track single nanoparticles in real-time. For instance, in August 2023, Corning Inc., a US-based technology company, launched Videodrop, an optical technology that revolutionizes real-time nanoparticle detection and analysis. This technology is based on interferometric microscopy, which can quantify the size and concentration of nanoparticles in less than 60 seconds, using only a 5-10 µl drop of sample material. Videodrop can collect a physical titer of viral vectors such as lentivirus, retrovirus, adenovirus, and extracellular vehicles (EVs) in the 80-500 nanometers range. Videodrop can be used as an in-process control throughout the purification process, providing real-time data to help optimize the bioprocessing workflow.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Agilent Technologies Inc., Beckman Coulter Inc., Shimadzu Corporation, Bruker Corporation, Malvern Panalytical Ltd., Horiba Ltd., Particle Measuring Systems Inc., Sympatec GmbH, TSI Incorporated, Micromeritics Instrument Corporation, EAG Laboratories, Anton Paar GmbH, Polytec GmbH, Quantum Design International, Wyatt Technology, Microtrac Inc., Aimsizer Scientific Ltd., Hitachi High-Tech Analytical Science, Brookhaven Instruments Corporation, Cordouan Technologies, Dispersion Technology Inc., Nanophoton Corporation
Nanoparticle Analysis Market 2024 Key Insights:
• The nanoparticle analysis market size is expected to see rapid growth in the next few years. It will grow to $7.84 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• The Role Of Nanoparticle Analysis In Addressing The Rising Prevalence Of Cancer
• Development Of Real-time Nanoparticle Detection And Analysis Technologies
• North America was the largest region in the nanoparticle analysis market in 2023
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