Report Code: A12108 | Pages: 175 | Sep 2021 | 4113 Views | ||
Author(s) : Amit N , Eswara P | Tables: 88 | Charts: 38 |
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Polymeric Nanoparticles Market Statistics - 2030
The polymeric nanoparticles market was valued at $551.9 million in 2020, and is projected to reach $1,511.8 million by 2030, growing at a CAGR of 10.6% from 2021 to 2030.
The COVID-19 pandemic increased the demand for polymeric nanoparticles for drug delivery application from pharmaceutical industry.
Polymeric nanoparticles are organic nanoparticles. It has the size array from 1 to 1000 nm. Polymeric nanoparticles can be filled with active compounds entrapped inside or surface-adsorbed onto the polymeric nucleus. It has received significant traction within the pharmaceutical industry. It is utilized for controlled drug release and targeted drug delivery. Degradation time is one of the most significant characteristics of drug delivery vehicles.
The drug delivery industry is driven by factors such as increase in number of developments made by key industrial participants in drug delivery system, increase in prevalence of chronic disorders which needs the utilization of drug delivery systems, and surge in healthcare expenditure globally. Furthermore, the polymeric nanoparticles market is also driven by rapidly growing electronics industry in developing economies such as India. However, the polymeric nanoparticles market is hindered by the factors such as high prices and complex production process. On the contrary, the increase in study of polymeric nanoparticles in vaccines is expected to offer lucrative opportunity during the forecast period.
The polymeric nanoparticles market is segmented on the basis of type, end-use industry, and region. On the basis of type, the polymeric nanoparticles market is bifurcated into nanocapsule and nanosphere. On the basis of end-use industry, the market is segregated into pharmaceutical, electronics, and others. Others segment comprise nutraceuticals industry, academic research, biomedical (biosensor), coatings, catalysts etc. Region-wise, the polymeric nanoparticles market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The polymeric nanoparticles market share is analyzed across all segments.
The polymeric nanoparticles market analysis covers in-depth information of the major industry participants. Some of the major players in the polymeric nanoparticles market include Aphios Corporation (Aphios), Nano research elements (Nanorh), Phosphorex, Inc. (Phosphorex), CD Bioparticles (CD Bioparticles), NanoSynthons LLC (NanoSynthons), Biopharma PEG (Biopharma), Creative PEGWorks (CPW), Nanoshel, Exelead, and Nanovex Biotechnologies SL (Nanovex).
Other players in the value chain of the polymeric nanoparticles market include Thermo scientific (Thermo), Dolomite Microfluidics (Dolomite), Evonik, Advanced Nanotech Lab. (Advanced Nanotech), Sintef, Merckmillipore (Merck), HiQ-Nano s.r.l. (HiQ-Nano), Attonuclei, and others.
The key players are adopting numerous strategies such as partnership, agreement, collaboration, joint venture to stay competitive in the polymeric nanoparticles market.
For instance, in June 2021, Phosphorex and Dolomite Microfluidics inked a partnership to combine their capabilities in vaccine and drug development. The aim of the partnership is to develop lipid nanoparticle and polymeric nanoparticle. Polymeric nanoparticles, lipid nanoparticles, and liposomes are utilized as tools for non-viral delivery of therapeutics, especially nucleic acids, comprising mRNAs for vaccines to fight cancer and dangerous diseases such as COVID-19. These nanoparticles can improve stability, transfection efficiency, efficacy, and safety of RNA therapeutics and vaccines. Dolomite’s ANP System is planned to improve Phosphorex’s service offering, including optimization, development of prototype formulations, and others.
By type, the nanosphere segment garnered 75.1% in 2020, in terms of revenue and expected to grow at a CAGR of 10.5%. Nanospheres have a lot of potential since they can turn poorly soluble, poorly absorbed medicines into more easily delivered medications. Nanospheres are site-specific and protect the medicine from various bodily fluids that could destroy it during targeting. These factors are projected to boost the demand for nanosphere. Furthermore. the nanocapsule segment is expected to grow at a CAGR of 10.8%.
By end-use industry, the pharmaceutical segment garnered market share of 10.6% in 2020, in terms of revenue. This is attributed to rise in awareness regarding the utilization of pharmaceutical drug delivery products. The constantly evolving life science industry propels the market growth as constant developments lead to increased awareness related to the utilization of pharmaceutical drug delivery.
Region-wise, Asia-Pacific is expected to grow at a CAGR of 11.4%, during the forecast period. U.S. has the largest share in the pharmaceutical industry but China is growing at a considerable rate. Furthermore, India is also the one of the huge and fastest growing pharmaceutical industry.
Key benefits for stakeholders
Impact of COVID-19 on the Polymeric Nanoparticles market
Key Market Segments
By Type
By End-use industry
By Region
Polymeric Nanoparticles Market Report Highlights
Aspects | Details |
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By TYPE |
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By END-USE INDUSTRY |
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By Region |
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Key Market Players | Nanorh, Nanovex Biotechnologies SL, Phosphorex, Inc., Aphios Corporation, Nanoshel, NanoSynthons LLC, CD Bioparticles, Biopharma PEG, Exelead, Creative PEGWorks |
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The factors that drive the market growth include increase in application scope because of its superior properties, rise in demand from various industries, the government funding and support, and others. Polymeric nanoparticles are typically added in small quantities to improve the performance of the end-product. However, factors such as complex production process and high price of polymeric nanoparticles are projected to hamper the market growth.
A. The increased demand for drug delivery application from pharmaceutical industry is boosting the polymeric nanoparticles market growth.
A. The polymeric nanoparticles market was valued at $551.9 million in 2020, and is projected to reach $1,511.8 million by 2030, growing at a CAGR of 10.6% from 2021 to 2030.
A. Aphios Corporation, Nanoshel, NanoSynthons LLC, Phosphorex are some of the established players of the global Polymeric Nanoparticles market
A. Pharmaceutical industry is projected to increase the demand for Polymeric Nanoparticles Market
A. By Type and By End Use Industry segments are covered in the Polymeric Nanoparticles Market report
A. Increased demand from pharmaceutical industry is one of the major drivers of the polymeric nanoparticles market.
A. Pharmaceutical segment is expected to drive the adoption of Polymeric Nanoparticles.
A. The COVID-19 pandemic increased the demand for polymeric nanoparticles in research and development, drug delivery application from pharmaceutical.
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