Innovations Nano Gold To Disrupt The Medical Science And Electronics Sectors

Nano gold is one of the most extensively used nanomaterials due to its outstanding electrical-chemical, optical, and anti-microbial properties. It is used in manufacturing a variety of applications such as in the pharmaceutical and food industries, water purification, and biological applications. Due to its advantages such as chemical stability, easy functionalization, and solubility, it is widely utilized in sensors, diagnosis of heart disease, and as a catalyst in several chemical reactions.

The growing medical industry and rise in need for nanotechnological medical products drive the demand for nano gold. Furthermore, the thriving electronics industry across the globe, especially in India and other Asian countries contributes considerably to the growth of the nano gold market. As per the report of Allied Market Research, the India nano gold market is projected to reach $499.7 million by 2027, growing at a CAGR of 17.0% from 2020 to 2027.

New launches and recent developments:

In the field of nano gold, key market players have been adopting new ways to expand their businesses and have a strong foothold in the market. For instance, Nanocomposix, a pioneer in nanomaterial R&D has recently announced to expand its gold nanoparticle production capacity. This expansion not only gives the competitive advantage in terms of pricing, lead time, and storage logistics to the company but also helps decreasing the price of nano gold particle products.

Apart from this, the scientists at the University of Tokyo have discovered that gold nano particles can be employed in anti-cancer therapy, as they have unique qualities that inhibit cancer from spreading further in the human body. In addition, scientists worked on a new approach where they can destroy cancer cells by using nano gold particles with having minimal side effects.

Cline Scientific, a Swedish innovative life science company, collaborated with AstraZeneca, a British-Swedish multinational pharmaceutical and biotechnology company to uncover the core mechanism of vascular disease and enhance the use of nano gold particles. According to Patrik Sundh, the CEO of the company stated that this collaboration will further validate the use of nano gradient surfaces such as nano gold in cellular research and therapy development.

Futuristic opportunities:

Increase in involvement of the governments of China and India to enable foreign direct investment (FDI) flow into the chemical sector has boosted the market growth of gold nanoparticles in Asian countries. Furthermore, the surge in use of nano gold products in the water-soluble category such as spin coating and monolayer formation would be a major driving force of the market growth in the future.

The massive R&D investments by private nanotechnology organizations and universities have already pushed the regional demand for nano gold in the future years in several industries. For instance, the Ministry of Electronics and Information Technology of India has initiated a program, named Indian Nanoelectronics Users Programme at the Centre of Excellence at IISc and IIT Bombay which offers an ample number of opportunities such as hands-on training workshops, expert assistance to promote R&D in this field.

The gold nanoparticles have the potential to diagnose and cure the diseases such as HIV, AIDS, and Cancer, due to which, the acceptance and demand for nano gold have been increasing in chemical sensing, photothermal, radiation therapy, and drugs delivery.

Having said that, nanomaterials are being employed in everything from medicine to electronics, and ongoing research in the field of nano gold industry would certainly offer golden opportunities for market leaders in the future.

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