Global Gold Nanoparticles Market 2017-2021

Overview of the global gold nanoparticles market

Research analysis on the global gold nanoparticles market identifies that the rising demand from commercial applications such as dentistry will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 19% by 2021. Gold nanoparticles are used as contrast agents in dentistry in the optical coherence tomography (OCT) technique. The development of gold nanoparticles within dentinal tubules and layers to help in picturing structures in a non-destructive and non-invasive manner which is a new trend in the market. The use of gold nanoparticles in dentistry offers various advantages including the thermal destruction of cancer cells and the destruction of bacteria. This will increase the demand for gold nanoparticles in dentistry during the next four years, subsequently driving market growth.

The advancements in the utilization of gold nanoparticles in sensors is one of the latest trends that will gain traction in this market. Sensors based on gold nanoparticles are widely used to spot metal ions for environmental monitoring and human healthcare. Some of the modern improvements equipped with gold nanoparticles include fluorescence, colorimetric, and surface-enhanced Raman scattering (SERS) sensing. Additionally, the recognition of cyanide ion (CN?) and iodide (I?) in solutions containing high salinity due to the inclusion of fluorescein isothiocyanate (FITC) coated on gold nanoparticles. This results in the restoration of its fluorescence during anion binding and helps in the early detection of cancer.  Additionally, gold nanoparticle-based sensors are also used for the detection of biomolecules.

Competitive landscape and key vendors