Press release
Nanoparticle Contract Manufacturing Market to See Steady Growth With Increased Focus on Lipid Nanoparticles and Metal Nanoparticles
Nanoparticle Contract Manufacturing Market
According to the latest research by InsightAce Analytic, the Global Nanoparticle Contract Manufacturing Market is valued at US$ 2.4 Bn in 2023, and it is expected to reach US$ 4.3 Bn by 2031, with a CAGR of 7.8% during the forecast period of 2024-2031.
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Nanoparticle contract manufacturing represents an advanced approach to gene delivery in clinical applications. The primary function of nanoparticles, particularly lipid nanoparticles (LNPs), is to transport nucleic acids, positioning them as promising therapeutic vectors for a range of medical treatments. Many pharmaceutical and biotechnology companies are focusing on LNP-based medications, which are capable of delivering diverse therapeutic agents. Nanoparticles are increasingly used to provide treatment for various conditions, including cancer. The growing prevalence of chronic health conditions is driving the demand for nanomedicine, as nanoparticles offer unique advantages such as enhanced permeability and prolonged circulation, making them ideal for addressing complex diseases. Furthermore, the rising emphasis on personalized medicine is expected to contribute to market growth. Despite the promising outlook, challenges such as high production costs and the complexity of manufacturing processes continue to pose significant barriers to the nanoparticle contract manufacturing industry.
List of Prominent Players in the Nanoparticle Contract Manufacturing Market:
• AstraZeneca
• Evonik Industries AG
• Ascendia Pharmaceuticals
• Axolabs (LGC Limited)
• AVANSA Technology & Services
• Ardena Holding NV.
• Cytodiagnostics, Inc.
• American Elements
• Encapsula NanoSciences LLC
• Fortis Life Sciences
• Hongwu International Group Ltd.
• MyBiotech
• Nanochemazone
• CordenPharma
• LSNE Contract Manufacturing
• Polymun
• TeachNanoIndia
• BIOVECTRA
• Precision NanoSystems
• Emergent BioSolutions
Market Dynamics:
Drivers-
The increasing demand for the nanoparticle contract manufacturing market is driven by the rising prevalence of chronic diseases and an aging population. Nanoparticles possess distinct characteristics, such as enhanced permeability and prolonged circulation, making them particularly effective in treating complex chronic conditions. Additionally, the versatility of nanocarriers enables the delivery of a broad spectrum of therapeutic agents, thereby broadening the potential applications of nanomedicine, particularly in fields such as neurology and oncology.
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Challenges:
Key challenges facing the nanoparticle contract manufacturing market include insufficient technological expertise, a shortage of skilled professionals, and a lack of standardized protocols, particularly in emerging economies. These factors are expected to impede market growth. Additionally, the risks related to intellectual property and the increasing number of pharmaceutical companies establishing their own production facilities may create challenges for the contract manufacturing industry in nanoparticles. The expansion of the market may be further constrained by the growing trend of pharmaceutical companies investing in in-house manufacturing capabilities.
Regional Trends:
The North American nanoparticle contract manufacturing market is projected to capture a significant share of the global revenue. This growth is attributed to the region's well-established healthcare infrastructure, the presence of leading pharmaceutical and biotechnology companies, and substantial investments in research and development. North America remains a dominant force in the global economy. In contrast, Europe is also witnessing considerable market growth, driven by a strong emphasis on environmentally sustainable nanoparticle production methods and their diverse applications across various industries.
Recent Developments:
• In Feb 2024, CordenPharma International has introduced new Lipid NanoParticle (LNP) Starter Kits to enhance the formulation of mRNA in the development of mRNA-based treatments, including mRNA vaccines and gene therapies. The given starter kits equip researchers and developers with the necessary components to establish and enhance their own lipid nanoparticle (LNP) systems for delivering mRNA.
• In July 2023, Ardena, a prominent contract development producer of nanomedicines, has formed a strategic commercial relationship with RiboPro, experts in mRNA and LNP technology. The objective of this collaboration is to improve the worldwide availability of RNA-based healthcare therapies and address a substantial deficiency of skilled personnel within the industry.
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Segmentation of Nanoparticle Contract Manufacturing Market-
By Type of Nanoparticles-
• Metal Nanoparticles
• Lipid Nanoparticles
• Others
By Manufacturing Scale-
• Commercial
• Clinical
• Pre-clinical
By Application-
• Therapeutics
• Diagnostics
• Vaccines
By End-user-
• Pharmaceutical Companies
• Biotechnology Companies
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/nanoparticle-contract-manufacturing-market/2410
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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