Albany, NY -- (SBWIRE) -- 02/12/2016 -- A new research report by Transparency Market Research, presenting a complete overview of the global gold nanoparticles market, states that the rising application of nanotechnology in the field of medical and healthcare diagnostics is the key factor that has propelled the demand for gold nanoparticles significantly.

The market study, titled "Gold Nanoparticles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023", further projects that the increasing research and development activities in gold nanotechnology will fuel the worldwide market for gold nanoparticles market during the forecast period.

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The global market for gold nanoparticles has been analyzed on the basis of application, end user, and its regional spread.

Drug delivery or therapeutics, DNA delivery, contrast agents, biomarkers, and radiotherapy have been determined as the major application areas of gold nanoparticles in this study. Among these, the demand for gold nanoparticles from the drug delivery or therapeutics application segment led the global market in 2013.

The cosmetics, pharmaceutical, and biomedical industries have been described as the prime end users of gold nanoparticles across the world in this report. The rising scope of nanoparticle application in diagnostics, medical imaging, and therapeutics has been driving the demand for gold nanoparticles in the pharmaceutical and biomedical industries. The cosmetics industry has also been witnessing a surge in demand for gold nanoparticles in recent times, states the market study.

North America, Latin America, Europe, Asia Pacific, the Middle East and Africa, and the Rest of the World have been identified as the key regional markets for gold nanoparticles across the world in this market study. In 2013, North America held a share of more than 30%, acquiring the leading position in the gold nanoparticles market, according to the market report.

Europe occupied the second position with a share of more than 20% in the global market in 2013. Analysts expect this regional market to expand at a moderate rate in the coming years, whereas the gold nanoparticles market in Asia Pacific is anticipated to post the fastest growth over the forecast period, notes the study.

According to the research report, the global gold nanoparticles market is extremely fragmented and competitive on account of the presence of a large pool of market players. BBI Solutions, Goldsol, Cytodiagnostics, NanoHybrids Corp., Nanosphere, Nanopartz Inc., Nanostellar, Metalor, Tanaka, Solaris Nanoscinces, Innova Biosciences, NanoRods LLC, Sigma Aldrich, NanoBio Chemicals India Pvt. Ltd., and Appolo Biolife are the key participants in the worldwide gold nanoparticles market, says the market study.

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