Nanozymes Market to be Dominated by Medical and Bio-Medical Segment Through 2028
Benefits and Usage of
Nanozymes in Various End-User Industries is expected to drive the demand for
the Global Nanozymes Market in the forecast period, 2024-2028.
According to TechSci Research
report, “Nanozymes Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global Nanozymes are
projected to increase at an impressive rate in the forecast period, 2024-2028. Recent
advancements in nanotechnology have accelerated the development of
nanomaterials with natural enzyme-like properties (nanozymes), which have a lot
of desirable characteristics. Strict physiological conditions are necessary for
natural enzymes to execute catalytic functions. Some significant disadvantages
include their poor stability in extreme environmental conditions and the high
cost of synthesis, separation, and purification. Nanozymes, in contrast to
natural enzymes, provide unwavering biocatalytic activity even in the most
severe pH, temperature, and protease-resistant environments.
Furthermore, Nanozymes,
have accelerated the development of synthetic biocatalysts and carry multiple benefits
over natural enzymes. These benefits of nanozymes include efficient
manufacturing, low cost, high stability, consistent catalytic efficacy, and
smooth surface modification. In addition to this, the Global Nanozymes market is
driven throughout the forecasted period by favorable government regulations for
Nanozymes and technological advancements for new applications.
Additionally, the
utilization of nanozymes in various end-user industries is the key factor
driving the market expansion. The market is growing because of the increased
usage of nanozymes in a variety of industries, including the chemical, food,
agricultural, medical, and bio-medical sectors as well as environmental
research and technology. Consequently, the overall market's demand has soared.
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Global nanozymes
market is segmented based on Type and Applications.
The global
nanozymes market is segmented based on Type, and Application. Based on type,
the global Nanozymes Market can be divided into Cerium based, Iron oxide-based,
Manganese-Based, Gold-Based, Platinum-Based, and Others. The Cerium based
nanozymes segment is expected to hold significant market share in the coming
years. Cerium based nanoparticles have been used since years in biomedical
applications, this can be attributed to the characteristic feature of cerium
based nanozymes in exhibiting multiple enzyme like activities such as catalase,
peroxidase, cytochrome c-oxidase, among others. The Iron oxide-based nanozymes
are expected to register the highest growth in the coming years. This can be
attributed to the widespread use of ferrum based nanoparticles in MRI
applications. The growing number of MRI procedures performed are expected to
open new prospects for the growth of iron oxide-based nanozymes. Based on Application, the market is divided
into Medical and Bio-Medical Applications, Environmental science and
technology, Chemical Industry, Food Industry, Agriculture and Others. The
medical and bio-medical applications segment dominated the market in 2022 and
is expected to continue maintaining its dominance during the forecast period.
This can be attributed to the widespread use of nanozymes for diagnostic
medicine, targeted therapy, and biosensing. Biosensors are being designed that
are rapid, reliable, and highly sensitive through the employment of nanozymes.
Regionally,
North America dominated the market in 2022 on account of increasing research
& development activities for identification of novel products. Also,
research is being carried out to identify new application areas for nanozymes.
Major
companies operating in Global Nanozymes market are:
- Bionics
Enviro Tech
- NanJing
NANOEAST BioTech CO.LTD
- Nanozyme
Inc.
- Institute
of Biophysics Chinese Academy of Sciences
- GenScript
Biotechnology
- Bloomage
Bio Cargill Incorporated
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“The market has grown because
of the increased usage of Nanozymes in a variety of sectors, including the
chemical industry, food industry, agricultural industry, medical and
bio-medical applications, and environmental science and technology. The medical
and bio-medical application sector would continue to dominate the market for
Nanozymes during the anticipated time frame. Nanozymes are used in the scientific
and medical fields to alleviate ailments like ischemic stroke, Alzheimer's
disease, and protecting the myocardium. These factors are creating favorable
conditions to boost the global demand for Nanozymes market till 2028” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Nanozymes
Market, 2028- Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028F, Segmented By Type (Cerium based, Iron oxide-based,
Manganese-Based, Gold-Based, Platinum-Based, and Others), By Application
(Medical and Bio-Medical Applications, Environmental Science and Technology,
Chemical Industry, Food Industry, Agriculture and Others), Region, and
Competition, has evaluated the future growth
potential of Global Nanozymes market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Global
Nanozymes market”
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