Lipid Nanoparticles Market
Growth Factors of Lipid Nanoparticles Market
The lipid nanoparticles market size was valued at USD 880.0 million in 2023, and the market is now projected to grow from USD 997.2 million in 2024 to USD 2823.4 million by 2032, exhibiting a CAGR of 13.9% during the forecast period of 2024-2032.
The market also witnessed fair share of revenue growth in the year 2020, mainly contributed by the increasing usage of Lipid Nanoparticles (LNPs) for vaccines’ delivery. These nanoparticles help in delivery of delicate mRNA used in COVID-19 vaccines into human cells to facilitate gene therapies. Pfizer and Moderna employ LNPs in their mRNA COVID-19 vaccines launched on the market. It is for this reason that the demand for LNPs has risen with pharma companies leveraging them in the pharmaceutical sector.
Site-specific drug delivery systems remain imperative in personalized medicines about improving treatment outcomes. LPN along with liposome and niosomes are used in different therapeutic segments, for example oncology and neurology. Nanotechnology based drug delivery system enhances the selectivity of the administered drug to deliver the therapy to the required site successfully. Its application is relevant for the development of personalized medicine approaches.
Lipid nanoparticles are ideal in gene therapy for diseases of genetic origin since they are much safer than viral proteins. It can bring nucleic acids of any sort into the cells with improved therapeutical options. Also, their synthesis is cost effective and fast owing to the convenience of targeting ligands that enable selective targeting in gene delivery applications. This capability greatly enhances the possibility of genetic approaches to therapy.
Comprehensive Analysis of Lipid Nanoparticles Market
The lipid nanoparticles market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, by application analysis and by end-user analysis. By type analysis include Solid Lipid Nanoparticles (SLNs), Nanostructured Lipid Carriers (NLCs), others. By application analysis include therapeutics, research. By end-user analysis include pharmaceutical & biotechnology companies, academic & research Institutes, others.
The North America region lead the lipid nanoparticles market share by benefitting a market size of USD 577.7 million in 2023 due to robust presence of the major players.
The top players have a significant responsibility in the healthcare industry for confirming industrial prospectus growth and determining the market trends. These players include, Merck KGaA, Evonik Industries AG, Gattefossé, Precision NanoSystems, IOI Oleo GmbH these market players provide a level-playing competitive landscape.
In July 2023, Cytiva launched NanoAssemblr, a specialized system for the clinical and commercial production of lipid nanoparticle medicines.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.9% from 2024-2032
Unit Value (USD Million)
Segmentation By Type
- Solid Lipid Nanoparticles (SLNs)
- Nanostructured Lipid Carriers (NLCs)
- Others
By Application
By End-user
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Others
By Geography
- North America (By Type, By Application, By End-user, and By Country)
- U.S.
- Canada
- Europe (By Type, By Application, By End-user, and By Country/Sub-region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
- Asia Pacific (By Type, By Application, By End-user, and By Country/Sub-region)
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Rest of the World (By Type, By Application, and By End-user)
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