Global Graphene Quantum Dots (GQDs) Market to Grow with a CAGR of 22.93% During 2021-2030; Market to Grow on the Back of Increasing Use of GQDs in Optoelectronics
Kenneth Research published a report titled “Graphene Quantum Dots (GQDs) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global graphene quantum dots (GQDs) market in terms of market segmentation by form, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global graphene quantum dots (GQDs) market is anticipated to grow with a CAGR of 22.93% during the forecast period, i.e., 2021-2030. The market is segmented by application into bio-imaging, cancer therapeutics, temperature sensing, drug delivery, LEDs lighter converters, and others, out of which, the temperature sensing segment is anticipated to garner the largest revenue of USD 5676.8 Thousand by the end of 2030. Moreover, in the year 2020, the segment generated a revenue of USD 644.7 Thousand.
The global graphene quantum dots (GQDs) market is estimated to garner a revenue of USD 15673.2 Thousand by the end of 2030, up from a revenue of USD 2058.0 Thousand in the year 2020. Increasing application of GQDs in optoelectronics, along with the surge in demand for different types of display panels, are some of the major factors anticipated to drive the growth of the market during the forecast period.
Geographically, the global graphene quantum dots (GQDs) market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Out of these, the market in the Asia Pacific is anticipated to garner the largest revenue of USD 6284.6 Thousand by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of USD 750.4 Thousand.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Advancements in Medical Imaging Technology to Create Opportunities for Market Growth
The current health expenditure per capita, according to the statistics by the World Bank, increased from USD 914.21 (current US$) in the year 2010 to USD 1110.268 in the year 2018.
Backed by the surge in expenditure for health, the healthcare industry over the past few years has witnessed significant developments, both in terms of medical diagnosis, as well as pharmaceutical drugs. Moreover, the growing concern for different types of chronic diseases worldwide has raised the need amongst individuals for early diagnoses. With the advancements in medical technology, the field of medical imaging, which plays a significant role in the diagnosis of diseases, has also witnessed massive advancements. GQDs, which is a nanomaterial with the properties of photoluminescence, physiological stability, and biocompatibility among others, is a noteworthy development in the field of medical sciences as it helps for enhanced diagnosis of diseases when used in medical imaging processes. Such a factor is therefore anticipated to drive the growth of the market in the coming years.
However, the high cost of GQDs, and the availability of low-cost alternatives are expected to operate as key restraint to the growth of global graphene quantum dots (GQDs) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global graphene quantum dots (GQDs) market which includes company profiling of Merck KGaA, NANOCHEMAZONE, Sisco Research Laboratories Pvt. Ltd., American Elements, ACS Material, LLC, Graphene Square Inc., Strem Chemicals, Inc., Dotz Nano Limited, Green Science Alliance Co., Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global graphene quantum dots (GQDs) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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