Global Magnetic Nanoparticles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Magnetic Nanoparticles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Magnetic nanoparticles are a class of nanoparticle that can be manipulated using magnetic fields. Such particles commonly consist of two components, a magnetic material, often iron, nickel and cobalt, and a chemical component that has functionality.

Market Overview:

The latest research study on the global Magnetic Nanoparticles market finds that the global Magnetic Nanoparticles market reached a value of USD 56.15 million in 2022. It’s expected that the market will achieve USD 158.08 million by 2028, exhibiting a CAGR of 18.83% during the forecast period.

Drivers

Growth of the magnetic nanoparticle market is expected to gear up, due to the application of these particles in various fields, such as the medical industry for drug delivery, drugs & therapy, in vivo imaging, nano fluids, biomedicine, data storage, and microfluidics. Increasing research activities are expected to stimulate growth of the magnetic nanoparticle market.

In the medical industry, continuous research and development towards magnetic resonance imaging for the treatment of cancerous cells is expected to lead the magnetic nanoparticle market. It is expected that the electronics industry will claim a major share in the magnetic nanoparticle market, due to the high utilization of these particles in the electronics industry. Iron oxide (magnetite) nanoparticles, due to their high super magnetic, non-toxic and easy degradability properties are widely used in magnetic storage devices and magnetic resonance imaging in the medical industry. Iron oxide nanoparticles are also used in the treatment of cancer by injecting Ferro fluids that contain these particles.

For energy storage applications, attributing to the inclination of people towards highly efficient devices, the energy storage industry is expected to boost the magnetic nanoparticle market.

Nano powders and solutions containing nanoparticles are widely used in separating contaminants from water as nanoparticles provide high surface area and recyclability. This has spurred research activities in the magnetic nanoparticle market.

In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Magnetic Nanoparticles.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Cytodiagnostics is one of the major players operating in the Magnetic Nanoparticles market, holding a share of 18.94% in 2018.

Cytodiagnostics is a biotechnology company based in Burlington, Ontario, Canada. Our focus is providing and developing nanotechnology derived products and services for the International Life Science and Material Science markets.

NVIGEN, Inc. operates as a nanobiotechnology company that develops multifunctional and biodegradable nanoparticles for biomedical applications. Its products include MagVigen magnetic nanoparticles for immunoprecipitation, molecular, and cellular purification and identification applications; MaxVigen multifunctional nanoparticles for in vivo targeted delivery and imaging applications; MyQuVigen combination of magnetic nanoparticles and quantum dots for imaging, manipulation, and detection applications; and AuVigen biocompatible gold nanoparticles for biological sensing, imaging, and therapeutic applications.

Segmentation Overview:

By type, Iron Oxide Nanoparticles segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Biomedical segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Magnetic Nanoparticles market covered in Chapter 3:

Nvigen
NanoAmor
CAN-GmbH
US Research Nanomaterials
American Elements
NN-Labs
Nanografi
Cytodiagnostics
Nanocomposix
Nanoprobes
Nanophase

In Chapter 4 and Chapter 14.2, on the basis of types, the Magnetic Nanoparticles market from 2018 to 2029 is primarily split into:

Biomedical (Targeted Drug Delivery, Therapeutic Hyperthermia, MRI)
IT and Electronic (Recording Media, Data Storage)
Energy Storage (Li-ion Battery, Fuel Cell, Supercapictors)
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Magnetic Nanoparticles market from 2018 to 2029 covers:

Biomedical
IT and Electronic
Energy Storage
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)