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Gold nanoparticles are also called as colloidal gold, when dispersed in water. Gold nanoparticles are basically tiny gold particles with a diameter of 1 to 100 nm and these come with high stability and optical properties, which make them one of the most utilized nanomaterials.
Moreover, gold nanoparticles have several unique properties, for instance, high scattering ability, great absorption with less interference of bone and tissue, and strong optoacoustic signals for its use in healthcare industry. Furthermore, gold nanomaterials can be conjugated to biomolecules to precisely target cancer cells, and used for photothermal cancer therapy, in which their tunable optical properties cause them to convert laser light into heat and selectively kill cancerous cells and due to this nanoparticles are highly used in targeted cancer imaging and therapy owing to selective accumulation in tumor cells and high biocompatibility
Covid-19 pandemic has severely affected many industries. It has put a halt on the production process as well as led to shortage of raw materials. Thus, hampering the trade cycle. Due to all these factors, gold nanoparticles market is also getting affected. Gold nanoparticles are extensively used in electronics as well as in healthcare industry. The spread of coronavirus has pushed down the sales of top electronic companies and smart phone makers which has negatively affected gold nanoparticles market. On the other hand, this COVID-19 pandemic has bolstered the healthcare industry and thus boosting the gold nanoparticles market.
The use of gold nanoparticles in electronic goods such as electronic chips, printable inks and transistors is extensive. Such products are experiencing increasing adoption in chip design due to the growing trend in the miniaturization of electronics and thus simultaneously boosting demand for gold nanoparticles. Increase in occurrence of various disorders such as Alzheimer’s, cardiovascular diseases, Parkinson’s, neuropathy, and osteoporosis is changing consumer perceptions towards alternate and exotic medicinal products. These particles improve the mechanism of wound healing by exhibiting antioxidant effects and promoting the spread of dermal fibroblasts, which restore epidermal tissues. Furthermore, these products retain beta-amyloid fibrils that prevent mental decline and contribute to Alzheimer's treatment, which will boost the demand for the product again. Gold nanoparticles market is anticipated to see lucrative opportunities in the forecasted period owing to its wide usage in dentistry procedures such as tooth filling and crowning and how there has been rising consumption of alcoholic drinks and sugar concentrated confectionary items such as chocolates, croissants, puddings and candies in U.S. and Canada.
Gold nanoparticles find their application in healthcare industry as well. Where, they are used during autoimmune diseases, allergies, cancer, arthritis, and for many other medical problems. Moreover, increase in disposable income in the hands of consumers along with their shifting preference towards best medical treatment and increasing awareness for quick diagnosis and fast recovery is also promoting to the gold nanoparticles market and therefore it is anticipated that gold nanoparticles will have great opportunities for revenue generation in the forecasted period.
However, volatility in the price of gold is anticipated to hinder the growth of the gold nanoparticles market. Plus, Growing concerns about cell toxicity, mutagenicity or genotoxic effects of the use of gold nanoparticles on humans may hinder growth in the market. Owing of their high surface-to-volume ratio which increases their catalytic properties, these nanoparticles have been associated with toxicological effects such as apoptotic cell death and embryo growth inhibitions. Moreover, strict regulations by regional or national government authorities for use of nanomaterials in different products due to health, environmental, and safety issues is also restraining the market.
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