Market Size – The nanoparticles contract manufacturing market size has grown rapidly in recent years. It will grow from $2.89 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to a rising preference for contract manufacturing, increasing need for nanomaterials across various applications, increased usage of therapeutics drug delivery applications, rising demand for nanomedicine, and demand for high-quality nanoparticles.
The nanoparticles contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to increasing knowledge about pharmaceutical delivery systems, advancement in nanotechnology and materials science, demand for advanced drug delivery systems, high demand for metal nanoparticles in cancer therapy, and rapid growth of pharmaceutical companies. Major trends in the forecast period include strategic partnership among industry leaders, technological advancement, the shift towards sustainable and eco-friendly nanoparticle production methods, integration of nanoparticles in food and beverage packaging, and integration of technology.
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Scope Of Nanoparticles Contract Manufacturing MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nanoparticles Contract Manufacturing Market Overview
Market Drivers –The surge in research investments is expected to propel the growth of the nanoparticle contract manufacturing market. Research investments refer to financial resources allocated toward conducting research activities aimed at generating new knowledge, advancing scientific understanding, developing innovative technologies, or solving specific problems. Research investments are increasing due to several factors, such as the focus on innovation and technology, rising awareness of societal challenges, support for emerging technologies, policy support and long-term planning, and government funding initiatives. Research investments are essential for the advancement of nanoparticle contract manufacturing because they promote technological innovation, customization, quality control, scalability, cross-disciplinary cooperation, market expansion, and economic growth. For instance, in April 2023, according to the House of Commons, a UK-based governing body, the Chancellor declared a substantial increase in public Research and Development (R&D) expenditures, aiming to raise the budget to £22 billion ($27.64 billion) by fiscal year 2024–2025 from approximately £9 billion ($11.30 billion) in the previous year, amounting to 0.8% of GDP, reflecting a commitment to enhancing R&D efforts and driving innovation domestically. Therefore, the surge in research investments is driving the growth of the nanoparticle contract manufacturing market.
Market Trends – Major companies operating in the nanoparticle contract manufacturing market are developing innovative technologies, such as commercial formulation systems, to produce medicines for clinical and commercial manufacturing and gain a competitive edge in the market. A commercial formulation system refers to a comprehensive platform designed for the efficient development and production of nanoparticle-based products. For instance, in July 2023, Cytiva, a US-based provider of life sciences products and solutions, launched the NanoAssemblr commercial formulation system. This system is designed to minimize the risk of cross-contamination, which is particularly important for genomic medicines. It utilizes a single-use fluid path that helps boost production by minimizing downtime for sanitizing and cleaning, allowing for the manufacture of multiple lipid nanoparticle products within the same facility. The system is powered by 21 CFR Part 11-compliant software that enables electronic batch records, captures in-process monitoring of flow rate, and automates the priming, calibrating, formulating, and in-line dilution processes.
The nanoparticles contract manufacturing market covered in this report is segmented –
1) By Type Of Nanoparticle: Metal Nanoparticles, Lipid Nanoparticles, Other Nanoparticles
2) By Manufacturing Scale: Commercial, Clinical, Pre-Clinical
3) By Application: Therapeutics, Diagnostics, Vaccines
4) By End-User: Pharmaceutical Companies, Biotechnology Companies
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Regional Insights – North America was the largest region in the nanoparticles contract manufacturing market in 2023. The regions covered in the nanoparticles contract manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the nanoparticles contract manufacturing market are AstraZeneca plc, Evonik Industries AG, Emergent BioSolutions Inc., CordenPharma International GmbH, Ajinomoto Bio-Pharma Services, IBA Worldwide, BioVectra Inc., Mevion Medical Systems Inc., Fortis Life Sciences, Ascendia Pharmaceuticals LLC, LSNE Contract Manufacturing, Precision NanoSystems Inc., Ardena Holding NV, American Elements, Polymun Scientific Immunbiologische Forschung GmbH, Danfysik A/S, Hitachi Chemical Advanced Therapeutics Solutions LLC, Axolabs GmbH, AVANSA Technology & Services, Cytodiagnostics Inc., Encapsula NanoSciences LLC, MyBiotech GmbH, Nanochemazone, RiboPro GmbH, TechNano India
Table of Contents 1. Executive Summary2. Nanoparticles Contract Manufacturing Market Report Structure3. Nanoparticles Contract Manufacturing Market Trends And Strategies4. Nanoparticles Contract Manufacturing Market – Macro Economic Scenario5. Nanoparticles Contract Manufacturing Market Size And Growth…..27. Nanoparticles Contract Manufacturing Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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