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US and China Magnetic Nanoparticles Market Research Report Forecast to 2030

Market Overview

Magnetic nanoparticles are defined as the use of tiny particles that possess magnetic properties are typically ranging from 1 to 500 nanometers in size. Magnetic Nanoparticles are receptors immobilized magnetic nanoparticles bind specifically to bacteria and viruses. It is a core technology that can separate and concentrate target pathogens through magnetism. After directly synthesizing magnetic nanoparticles, self-coating is performed to prevent aggregation and then, various functional groups possessed are fixed to realize a concentrating effect. These nanoparticles are often composed of magnetic materials such as iron, cobalt, or nickel, or their alloys. They exhibit unique characteristics such as magnetic behavior at the nanoscale, which can be manipulated and controlled for various applications including electronics, healthcare sector, biomedical, energy and other applications. Magnetic nanoparticles have a wide range of uses in different fields due to their special properties. Most notably, magnetic nanoparticles are frequently employed in cancer treatment methods like magnetofection, photothermal therapy, photodynamic therapy, targeted drug delivery, and magnetic hyperthermia.

The US and China Magnetic Nanoparticles market is expected to be driven by increasing expansion of biomedical and healthcare sector in US and China. The Increase usage of magnetic nanoparticles technology in process of pretreatment kits are driving the US Magnetic Nanoparticles market.

However, the fluctuations in the prices of magnetic nanoparticles materials and toxicity and biocompatibility of magnetic nanoparticles materials will likely restrain market growth. 

In China, there is a growing interest in the research and development of MNPs. The Chinese government has invested heavily in this market, and there are number of major MNP research projects underway in the country.

This report also provides an overview of the MNP research and development landscape in China. It discusses the major MNP research projects that are currently underway, and it provides an analysis of the spending on MNP research in China.

Market Segmentation

The functional group of magnetic particles has been majorly classified into -COOH, -NH2, -SiO2, -Tosyl, and Streptavidin. These functional groups employ to the surface of magnetic nanoparticles to provide specific properties and enable various interactions. Depending on the application, numerous functional groups can be employed on the surface of magnetic nanoparticles in magnetic separation and purification. The capacity of functional groups to preferentially attach to the target molecules or entities for separation or purification is often used to choose functional groups.

Major Players

Qiagen N. V., Bioneer Corporation, T2 Biosystems Inc., Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd., Creative Biogene, Baker Coulters Inc. (Danaher Corporation), MagBio Genomics Inc., DaAn Gene Co., Ltd, and MagGenome Technologies Pvt. Ltd among others are the major companies in the market.