Magnetic
nanoparticles are a class of nanoparticle that can be manipulated using
magnetic fields. Such particles commonly consist of two components, a magnetic
material, often iron, nickel and cobalt, and a chemical component that has
functionality. It has good magnetic guidance,
biocompatibility and biodegradability.
The
magnetic nanoparticle industry is witnessing enormous potential owing to
continuous research and development over the past few years. Usage of the
magnetic Nano carriers in biomedical applications for separation, diagnosis and
therapy has been a subject of research for almost a decade. The continuous
developments and ongoing research ranging from contrast agents for magnetic
resonance imaging to the deterioration of cancer cells via hyperthermia
treatment have paved a bright future, especially in medical industry.
Magnetic
nanoparticles can be divided into iron oxide nanoparticles and magnetic
microspheres: Iron oxide nanoparticles are iron oxide particles with diameters
between about 1 and 100 nanometers. The two main forms are magnetite (Fe3O4)
and its oxidized form magnetite (γ-Fe2O3). They have attracted extensive
interest due to their superparamagnetic properties and their potential
applications in many fields,occupying most of the market, with
a market share of 75.04% in 2017. Magnetic microspheres are
supramolecular particles that are small enough to circulate through capillaries
without producing embolic occlusion but are (ferromagnetic) to be captured in
micro vessels.
Biomedical is a popular application market of magnetic nanoparticles, such as drug delivery, drugs and therapy, in vivo imaging, Nano fluids, biomedicine, data storage, and microfluidics, which is a great help for disease treatment, accounting for about half of the entire market. In the information technology and electronics industries, magnetic nanoparticles are widely used in recording media and data storage. For energy storage applications, Fe3O4 and other materials are used to improve the efficiency of Li-ion batteries. Attributing to the inclination of people towards highly efficient devices, the energy storage industry is expected to boost the magnetic nanoparticle market. Except for the above applications, there are still other fields using magnetic nanoparticles, such as waste water treatment etc.
Prospect Analysis of Magnetic Nanoparticle Industry in Various Regions
After a period of development, the magnetic nanoparticles industry is in a growth period, with a fierce competition institution. The top three companies are all from North America, occupying 37.31% of the market share. They are Cytodiagnostics, Nvigen and Nanophase. In 2017, the market shares were 19.77%, 9.77% and 7.78%.
In the 2017 global magnetic nanoparticles industry market share chart, North America, Europe, China, Japan, Middle East and Africa, India and South America accounted for 57.10%, 20.26%, 8.19%, 6.18%, 1.51%, 1.82% and 1.92%, respectively. Thus it can be seen that North America is the largest revenue market with a vast market and basically monopolizes the magnetic nanoparticles industry. Europe ranks second and has developed rapidly in recent years. With the continuous economic and technological progress, the increase of per capita income and the improvement of living standards in emerging developing countries such as China and India, it is expected to become the region with the fastest growth rate of magnetic nanoparticles in the future.
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Magnetic nanoparticles are largely restricted by raw materials, which account for 78.73% of their cost structure, while equipment, energy and labor costs only account for 5.82%, 4.65% and 5.71%. Due to the fluctuation of market supply and demand and the promotion of capital market, the prices of different raw materials show different trends and will be in a state of fluctuation as a whole.
The Broad Market of Magnetic Nanoparticle Industry
In 2013, the total market value of the global magnetic nanoparticle industry was 12.06 million U.S. dollars and increased to 23.89 million U.S. dollars in 2017. We predict that by 2023, the total value of the global magnetic nanoparticles market will reach 70.47 million U.S. dollars, with a compound annual growth rate of 19.76% from 2017 to 2023.
Growth of
the magnetic nanoparticle market is expected to gear up, due to the application
of these particles in various fields. In the medical industry,
continuous research and development towards magnetic resonance imaging for the
treatment of cancerous cells is expected to lead the magnetic nanoparticle
market. It is expected that the electronics industry will claim a major share
in the magnetic nanoparticle market, due to the high utilization of these
particles in the electronics industry. For energy storage applications,
attributing to the inclination of people towards highly efficient devices, the
energy storage industry is expected to boost the magnetic nanoparticle market. Nano
powders and solutions containing nanoparticles are widely used in separating
contaminants from water as nanoparticles provide high surface area and
recyclability. This has spurred increasing research activities in the magnetic
nanoparticle market, which are expected to stimulate growth of the magnetic
nanoparticle market.
In
developed market, they have more international companies, good channels, highly
market maturity, fierce competition, a highly competent management team,
technology and finance advantages, keep on innovation, prominent market
participants invest heavily in R&D, with introduction of new technologies
to their products, all of which make a growing market demand for magnetic nanoparticles.
Nowadays,
with the development of synthesis technology, a series of magnetic
nanoparticles with controllable shape, good stability and monodisperse have
been successfully produced. In the future, with the progress in science and
technology, more advanced production methods, investment of companies,
there will be more cost effective, high performance product. Enterprises
can also explore markets in developing countries, such as China and India, which are
developing their industries. With the progress of economy and technology, the
increase demand of downstream, the market of magnetic nanoparticles has great
market potential.
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