Nanosensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

2024-11-08 03:25:47 News & Society

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Nanosensors are biological, surgical or chemical sensory points used to convey information about nano-particle to the macroscopic world such as human observer or electrical device. Alternatively they can be defined as extremely small devices that are capable of detecting and responding to physical stimuli such as biological or chemical substances, acoustics, thermal or electromagnetic signals having dimensions in the order of one billionth of a meter. In today?s scenario nanosensors market is highly fragmented and posses a wide range of applications such as healthcare, defense, environmental monitoring, communication and others. In general nanosensors consist of biosensitive layer that can either contain or are made up of biological recognition element covalently attached to transducers. The interaction between the target analyte and bioreceptor generates physiochemical changes that are later converted into measurable forms such as an electrical signal.

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Nanotechnology research has enhanced and broadened the scope for its application in various domains which has led to the form a general belief among key opinion leaders that medical and biological application of nanosensors is likely to form the greatest area of expansion in next 6-7 years. In order to optimize the application of nanosensors it is vital for the devices to possess capabilities to interact with cells and tissues at molecular level which would allow a degree of integration between technology and biological system. Nanosensors are typically classified on the basis of structure and application. With respect to the structure it is further subcategorized into optical nanosensors and electrochemical nanosensors. Optical nanosensors are profoundly used in measuring amplitude, energy, decay time and polarization among others. The electrochemical transduction mechanism comprises amperometric or potentiometric among others. Whereas, the application area it is sub-segmented into chemical nanosensors, electrometers and biosensors. Biosensors are one of the largely funded areas of research in nanosensors in terms of enhancing its scope and application in early cancer detection. A research published in Journal of the American Chemical Society conducted by researchers at UC Santa Barbara and the University of Rome Tor Vergata states that biosensors made from custom DNA molecules can be optimally used to personalize cancer treatments and monitoring the quality of stem cell which in coming years would revolutionize the therapeutics market especially in terms of cancer and tumors. Even in imaging techniques superparamagnetic iron oxide nanoparticles have been established as sensitive probes for magnetic resonance imaging (MRI) which can also be used in detecting tumors, inflammation and other conditions that alters vascularization.

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Major drivers to the global nanosensors market include technological up gradation and innovations that not only enhances the capabilities of the nanosensors devices but also reduces the average time for diagnosis and detection. In coming years reduction in cost for diagnosis and therapy based on nanosensors will increase the uptake and usage pattern across globe. Wider scope for nanosensors application such as military, telecommunication and others will positively upsurge the growth of the nanosensors market in forthcoming years. Though the nanosensors market is still at nascent stage yet geographically they are profoundly used in developed economies due to intense research and developments and scope for research funding and government support have inclined a lot of global researchers towards these geographical areas. In coming years with the increasing affordability of the device presence of nanosensors will definitely grow in the emerging nations as well due to demand for low cost and optimum quality products in these regions.

Some of the prominent players in this market include Agilent Technologies, Altair Nanotechnologies Inc., Biacore technology, Debiotech SA, IBM Corporation, NanoDetection Technology, Thermo Fischer Scientific, Vista Therapeutics, Inc. among others.

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