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Nanoparticles Contract Manufacturing Market Overview, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033
Nanoparticles Contract Manufacturing Market Overview
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According to The Business Research Company's, 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 growth in the historic period can be attributed to a rising preference for contract manufacturing, increasing need for nanomaterials across various applications, increased usage of therapeutics drug delivery applications, rising demand for nanomedicine, and demand for high-quality nanoparticles.
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%. The growth in the forecast period can be attributed to increasing knowledge about pharmaceutical delivery systems, advancement in nanotechnology and materials science, demand for advanced drug delivery systems, high demand for metal nanoparticles in cancer therapy, and rapid growth of pharmaceutical companies. Major trends in the forecast period include strategic partnership among industry leaders, technological advancement, the shift towards sustainable and eco-friendly nanoparticle production methods, integration of nanoparticles in food and beverage packaging, and integration of technology.
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Market Drivers and Trends:
The increasing prevalence of healthcare-associated infections is expected to propel the growth of the irradiation sterilization services market going forward. Healthcare-associated infections (HAIs) are infections that patients acquire while receiving medical treatment in a healthcare facility, including hospitals, long-term care facilities, and outpatient clinics, typically not present or incubating at admission but developing within a defined period afterward. The increasing prevalence of healthcare-associated infections is due to antibiotic resistance, inadequate infection control measures, and the growing complexity of medical procedures. Irradiation sterilization services are used in healthcare to prevent healthcare-associated infections by ensuring medical instruments and surfaces are free from harmful microorganisms. For instance, in August 2023, according to Nuffield Trust Limited, a UK-based health research and policy analysis provider, the number of Escherichia coli and Clostridioides difficile infections increased from 6,544 and 4,254, respectively, in 2021 to 7,070 and 5,344 in 2022. Therefore, the increasing prevalence of healthcare-associated infections is driving the growth of the irradiation sterilization services 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.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Nanoparticles Contract Manufacturing Market 2024 Key Insights:
• 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%.
• The Role Of Research Investments In Driving Growth Of The Nanoparticle Contract Manufacturing Market
• Innovation In Commercial Formulation Systems Enhances Competitiveness In Nanoparticle Contract Manufacturing Market
• North America was the largest region in the nanoparticles contract manufacturing market in 2023
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