(EMAILWIRE.COM, November 28, 2022 ) According to Precision Business Insights (PBI) latest report, the global magnetic nanoparticles market size was valued at USD 48.4 million in 2021, growing at a CAGR of 10.3% over the forecast period 2022-28. At room temperature, magnetite nanoparticles (NPs) display superparamagnetic capabilities. These structures are made of several metallic elements, including iron, cobalt, nickel, and platinum, or metal alloys. They can be used as catalytic catalysts, biosensors, ferrofluids, magnetic separators, and MRI contrast agents thanks to their small size and non-toxic nature. Magnetite NPs are currently a key component in creating novel biological applications because of their strong coercivity, low curie temperature, and great magnetic susceptibility. As a result, they are employed in magnetic nanotechnology and nanotoxicology research and development (R&D) around the world.
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Magnetic Nanoparticles Market Growth Factors
Numerous uses for magnetite NPs include cancer treatment, drug nanocarriers (NCs), targeted delivery systems, and diagnosis using two directed NPs as contrast agents and nanoprobes. This is one of the main driving forces behind the market expansion, along with the increasing incidence of chronic illnesses and the growing demand for better diagnostic tools and individualized care. Additionally, magnetic NPs are becoming more popular for magnetic bio-separation and the detection of biological entities such as bacteria, viruses, enzymes, proteins, cells, and nucleic acids. In addition, magnetite NPS are thought to be useful for wastewater treatment processes such as flocculation, demulsification, adsorption, filtration, and photocatalytic activities because their magnetic characteristics can effectively remove contaminants from wastewater.
Magnetic Nanoparticles Market Trends
It is projected that numerous research laboratories and commercial producers will invest heavily in comprehensive R&D operations and investigate the potential applications of the product as a result of its growing importance in the bio-medical industry due to its biological features.
Due to the product’s increasing use in microfluidics, drug delivery, in vivo imaging, and the medical sector for medications and therapy, the market is anticipated to increase.
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Magnetic Nanoparticles Market Segmentation
1) By Product Type: Iron Based, Cobalt Based Others.
2) Application: Electronics, Wastewater Treatment, Energy, Medical Others.
Magnetic Nanoparticles Market Regional Analysis
Due to the existence of significant established and sophisticated economies like the United States and Canada, the North American economy is characterized by tremendous diversity. This regional market is anticipated to be driven over the course of the forecast period by ongoing activities in research and development of magnetite nanoparticles to investigate possible product applications in a variety of end-use industries.
The major players operating in the Magnetic Nanoparticles Market are Cathay Industries (US), TODA KOGYO CORP. (Japan), NN-Labs (US), Nanoshel (US), NanoComposix (US), Nvigen (US), CAN-GmbH (Germany), Nanografi (Turkey), Cytodiagnostics (Canada)
Iron-based Magnetic Nanoparticles in Healthcare Market: By Product Type (Iron Oxides, Ferrites) Application (Hyperthermia, Drug Delivery, NMR Imaging, MRI Imaging, Tissue Engineering Others) and Geography
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