Gold Nanorods Market Size 2024-2028
The gold nanorods market size is forecast to increase by USD 218.1 million at a CAGR of 9.3% between 2023 and 2028.
- The market is experiencing significant growth due to the increasing demand from the medical industry for cancer treatment applications. The trend toward advanced drug delivery is also driving market expansion. Gold nanorods' unique properties, such as their ability to absorb and scatter light, make them an ideal choice for various therapeutic and diagnostic applications.
- Furthermore, the use of gold nanorods in bioimaging and photothermal therapy is gaining popularity. However, the market growth is influenced by the fluctuations in gold prices, which can impact the affordability and profitability of gold nanorods. Despite this challenge, the market is expected to continue its upward trajectory due to the numerous benefits offered by gold nanorods in various industries, including healthcare, electronics manufacturing, and energy.
What will be the Size of the Gold Nanorods Market During the Forecast Period?
- The market encompasses the production and application of nanoscale gold particles In the form of rods, exhibiting unique optical and electronic properties. These nanorods find extensive use in various sectors, including healthcare, electronics, and energy, due to their exceptional physical and chemical properties. In healthcare, gold nanorods are utilized for biomedical applications such as targeted drug delivery, photodynamic therapy, biosensing, medical diagnostics, and imaging. Their high reactive surface area and tunable electron structure offer significant advantages In these areas.
- In electronics, gold nanorods contribute to the development of advanced technologies like electronic chips, printable inks, transistors, and semiconductors. Additionally, they exhibit anti-oxidant properties and can function as radiation enhancers, making them valuable in various diagnostic and therapeutic applications.
- Gold nanorods' versatility and potential for innovation continue to drive growth in this market.
How is this Gold Nanorods Industry segmented and which is the largest segment?
The gold nanorods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Application
- Medical
- Diagnostics
- Electronics
- Others
- Geography
- North America
- Canada
- US
- Europe
- Germany
- UK
- APAC
- China
- Middle East and Africa
- South America
- North America
By Application Insights
- The medical segment is estimated to witness significant growth during the forecast period.
Gold nanorods, a type of nanotechnology, have gained significant attention due to their unique optical and electronic properties. In the healthcare sector, they have been extensively used for various applications, including targeted drug delivery, photodynamic therapy, biosensing, and imaging. Gold nanorods' biocompatibility and non-cytotoxicity make them suitable for medical diagnostics and therapeutics. Their plasmonic effects enable photothermal therapy, which is effective in cancer cases. In electronics and energy sectors, gold nanorods are used in quantum computing, environmental monitoring, and energy harvesting, among others. Gold nanorods' surface modification with PEG, citrate, cysteine, biotin, or a gold-shell enhances their binding properties and applicability in DNA labelling and cancer therapy.
Gold nanorods' physical and chemical properties, including high reactive surface area, electron structure, and anti-oxidant properties, make them valuable in bio-synthesis, radiation enhancers, and tumor location. The synthesis methods, such as green methods, are crucial in maintaining the nanorods' shape and properties. Gold nanorods' applications extend to optoelectronics, photo imaging, and semiconductor industries, offering low cytotoxicity and ultra-light weight. Gold nanorods are also used in electronic devices, such as transistors, solar cells, and electronic connectors. In the environmental sector, gold nanorods are used for metal ions detection, including arsenic, mercury, lead, and copper. Gold nanorods' potential applications in nanowires, catalysis, and quantum computing further broaden their market scope.
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The Medical segment was valued at USD 137.80 million in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- North America is estimated to contribute 41% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Gold nanorods, a type of nanotechnology, exhibit unique optical and electronic properties, making them valuable in various sectors. In the healthcare industry, they are utilized for targeted drug delivery, photodynamic therapy, biosensing, and imaging due to their biocompatibility and non-cytotoxicity. In electronics, they are employed In the fabrication of electronic devices, such as transistors and solar cells, owing to their high reactive surface area and electron structure. Gold nanorods also find applications in energy sectors, including energy harvesting and catalysis, and in environmental monitoring for detecting metal ions like arsenic, mercury, lead, and copper. Their surface modification with PEG, citrate, cysteine, biotin, gold-shell, and other materials enhances their binding properties and applicability in diverse fields.
The market for gold nanorods is expanding in North America due to significant demand from the US and Canada, driven by research and development efforts in cancer therapy, optoelectronics, and photothermal therapy. Gold nanorods are integral to quantum computing, networking technology, and nanowires, and have potential uses in biomarker detection, nucleotide therapeutics, high-precision printing, glass tinting, and photovoltaic plates.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Gold Nanorods Industry?
Rising demand from medical industry for cancer treatment is the key driver of the market.
- Gold nanorods, a type of nanotechnology, exhibit unique optical and electronic properties, making them valuable in various industries. In healthcare, they are utilized for photothermal therapy and targeted drug delivery. Their plasmonic effects enable photothermal cancer therapy, converting absorbed light into heat for tumor location and destruction. Gold nanorods are also employed in biosensing for diagnostics, imaging, and sensing applications due to their binding properties and biocompatibility. In electronics and energy sectors, they are used for energy harvesting, catalysis, and In the synthesis of electronic devices such as transistors and solar cells. Gold nanorods' surface modification with PEG, citrate, cysteine, biotin, or gold-shell enhances their biocompatibility and binding properties.
- The market for gold nanorods is anticipated to expand significantly due to their increasing usage in healthcare for cancer therapy, diagnostics, and imaging. Additionally, their application in optoelectronics, quantum computing, environmental monitoring, and biomarker detection offers substantial growth opportunities. Gold nanorods' physical and chemical properties, such as high reactive surface area, electron structure, and anti-oxidant properties, make them a preferred choice for various applications. Synthesis methods, including green methods, are continually evolving to enhance the production of gold nanorods with improved quality and reduced contamination.
What are the market trends shaping the Gold Nanorods Industry?
Rising trend of targeted drug delivery is the upcoming market trend.
- Gold nanorods, a type of nanoparticle, have gained significant attention in various industries due to their unique optical and electronic properties. In nanotechnology, gold nanorods are utilized in healthcare, electronics, and energy sectors. For instance, in healthcare, gold nanorods are employed for targeted drug delivery, photodynamic therapy, biosensing, diagnostics, and imaging. The biocompatibility of gold nanorods, achieved through surface modification with PEG, citrate, cysteine, biotin, or a gold-shell, enhances their binding properties with biomolecules and cells. In electronics, gold nanorods are used in quantum computing, environmental monitoring, and energy harvesting. Their plasmonic effects and photothermal therapy properties make them suitable for catalysis and nanorod shapes in electronic devices such as transistors, solar cells, and biomarker detection.
- In the energy sector, gold nanorods are applied In the synthesis of electronic chips, printable inks, and semiconductors. Gold nanorods' physical and chemical properties, including their reactive surface area, electron structure, and anti-oxidant properties, make them valuable in various applications. Their non-cytotoxicity and synthesis methods, including green methods, enable their use in DNA labelling, cancer therapy, optoelectronics, photo imaging, and binding properties in biosensors for metal ions detection, such as arsenic, mercury, lead, and copper. Gold nanorods' applications extend to the medical diagnostics industry and semiconductor industries, where they offer low cytotoxicity and high precision printing for glass tinting, photovoltaic plates, nanowires, and bioimaging.
- Additionally, gold nanorods are used in photothermal cancer therapy, nucleotide therapeutics, and high-precision printing for various applications. Overall, gold nanorods' unique properties make them a valuable asset in numerous industries, from healthcare and electronics to energy and environmental monitoring.
What challenges does the Gold Nanorods Industry face during its growth?
Fluctuations in gold prices is a key challenge affecting the industry growth.
- Gold nanorods, a type of nanotechnology, exhibit unique optical and electronic properties that make them valuable in various industries, including healthcare, electronics, and energy sectors. In healthcare, gold nanorods are utilized for targeted drug delivery, photodynamic therapy, biosensing, and imaging due to their biocompatibility and surface modification capabilities with PEG, citrate, cysteine, biotin, and gold-shell. They display plasmonic effects, which are essential in photothermal therapy and quantum computing. Gold nanorods are also applied in environmental monitoring for chronic conditions, energy harvesting, catalysis, and nanorod shapes' synthesis. In electronics, they are used in electronic devices such as transistors, solar cells, and semiconductors, as well as in printing inks and semiconductor industries.
- Biosensors employ gold nanorods for metal ions detection, including arsenic, mercury, lead, and copper, as noble metals. Gold nanorods' physical and chemical properties, such as reactive surface area, electron structure, and anti-oxidant properties, make them suitable for bio-synthesis, radiation enhancers, tumor location, cell labeling, gene delivery, and photo-thermal therapy. Gold nanorods' non-cytotoxicity, synthesis methods, and green methods contribute to their increasing usage in DNA labelling, cancer therapy, optoelectronics, photo imaging, binding properties, and medical diagnostics. Gold nanorods' applications extend to nanowires, photovoltaic plates, and electronic connectors, making them an essential component in various industries.
Exclusive Customer Landscape
The gold nanorods market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the gold nanorods market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, gold nanorods market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
American Elements - Gold nanorods are available in various purity levels, including (2N) 99% and (3N) 99.9%, (4N) 99.99%, and (5N) 99.999% versions. These nanomaterials are renowned for their unique optical properties and potential applications in various industries, such as biomedicine, electronics, and energy. The company specializes in the production and supply of high-purity gold nanorods, ensuring consistent quality and reliability for researchers and industry professionals.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- American Elements
- BBI Solutions OEM Ltd.
- CD Bioparticles
- Cytodiagnostics Inc.
- Merck KGaA
- nanoComposix
- NanoHybrids Inc.
- Nanopartz Inc.
- Sona Nanotech Inc.
- Strem Chemicals Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
Gold nanorods are nanoscale particles composed of gold with unique optical and electronic properties. These particles, which can be synthesized in various shapes and sizes, have gained significant attention in various industries due to their potential applications in nanotechnology. Gold nanorods exhibit plasmonic effects, which result from the collective oscillation of free electrons in response to an applied electromagnetic field. This property makes them highly desirable for use in various fields, including healthcare, electronics, and energy sectors. In healthcare, gold nanorods have been explored for targeted drug delivery, photodynamic therapy, biosensing, diagnostics, and imaging. Their small size and unique surface properties enable them to interact with biological systems in a controlled manner, making them ideal for use in medical applications.
For instance, gold nanorods can be functionalized with biomolecules such as PEG, citrate, cysteine, biotin, and gold-shells to enhance their biocompatibility and binding properties. In the electronics industry, gold nanorods have been used In the development of electronic devices such as transistors, solar cells, and electronic chips. Their unique optical and electronic properties make them suitable for use in optoelectronics, photo imaging, and quantum computing. The energy sector has also shown interest in gold nanorods due to their potential use in energy harvesting and catalysis. Gold nanorods can be used to convert solar energy into electrical energy, making them a promising material for use in photovoltaic plates and solar cells.
Additionally, they can be used as catalysts in various chemical reactions, making them valuable In the production of energy from renewable sources. Gold nanorods have also been explored for use in environmental monitoring, particularly In the detection of metal ions such as arsenic, mercury, lead, and copper. Their high sensitivity and selectivity make them ideal for use in sensing applications, making them valuable in industries such as water treatment and pollution control. The nanorod's shape and size can be manipulated to optimize their properties for specific applications. For example, the aspect ratio (length to width ratio) of gold nanorods can be adjusted to enhance their plasmonic effects, making them more effective in various applications.
Despite their potential benefits, the synthesis and use of gold nanorods come with challenges. Contamination during synthesis and potential cytotoxicity are significant concerns that need to be addressed to ensure the safety and efficacy of gold nanorods in various applications. In conclusion, gold nanorods are a versatile and valuable material in nanotechnology due to their unique optical and electronic properties. Their potential applications span various industries, including healthcare, electronics, energy, and environmental monitoring. However, the challenges associated with their synthesis and use must be addressed to fully realize their potential benefits.
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Market Scope |
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Report Coverage |
Details |
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Page number |
134 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.3% |
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Market growth 2024-2028 |
USD 218.1 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
8.3 |
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Key countries |
US, UK, Germany, China, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Gold Nanorods Market Research and Growth Report?
- CAGR of the Gold Nanorods industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the gold nanorods market growth of industry companies
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