Americas Gold Nanoparticles Market - Overview
Nano therapy is a modern technique for treatment of various diseases and performed with the help of submicron sized molecular devices or nanoparticles. According to the National Cancer Institute (2014), over 16 lakh Americans had cancer, which is expected to increase during the given period. Increasing prevalence of diseases such as diabetes and cancer, rising demand for the better treatment options, and increasing healthcare expenditure drives the growth of the market. According to the International Diabetes Federation, about 420 million adult population in the world was suffering from diabetes in 2016, which is increasing at the rate of 8.4% per year and is expected to reach 625 million by 2040.
Furthermore, the government support for research and continuous improvement in healthcare infrastructure boost the market growth. However, higher cost of the treatment and strict regulatory norms may slow the growth of the Americas gold nanoparticles market over the forecast period.
According to a recent study report published by the Market Research Future, the Americas Gold Nanoparticles Market Trends is booming, and expected to gain prominence over the forecast period growing rapidly .The market is expected to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2027).
Americas Gold Nanoparticles Market - Competitive Analysis:
Cytodiagnostics (U.S.), NanoHybrids Corp (U.S.), BBI Solutions (U.S.), NanoSphere, Inc. (U.S.), Smith and Nephew (U.K), Selecta Biosciences, Inc. (U.S.), Sirnaomics, Inc. (U.S.), Tarveda Therapeutics (U.S.), Nanobiotix (France), Nanoprobes, Inc. (U.S.), Nanosphere Inc. (U.S.), NanoMedia Solutions Inc. (Japan), NanoBio Corporation (U.S.), NanoBioMagnetics (U.S.) are some of the prominent players at
Americas Gold Nanoparticles Market - Regional Analysis
North America dominates the Americas gold nanoparticles market owing to increasing prevalence of cancer and other chronic diseases, well-developed healthcare sector, and growing demand for the better treatment. North America is segmented into two regions: the U.S. and Canada. The U.S. accounts for the major share in the market owing to the high healthcare spending and increasing government support for research & development. South America is the fastest growing market due to the presence of huge opportunities for the development of the market. According to the American Diabetic Association (2012), 29 million Americans had diabetes, which was 9.3% of the total American population and as per the National Cancer Institute (2016), about 1,685,210 new cases of cancer had been diagnosed in the U.S. In Canada, the market for gold nanoparticles shows significant growth owing to the rising awareness about the nanotechnology and extensive research in the field of nanotechnology. In South America, the market exhibits steady but positive growth owing to an increasing emphasis on preventive care and growth of healthcare industry. On the other hand, the higher cost of treatment and lack of awareness about treatment may hinder the growth of the Americas gold nanoparticles market.