Nanotechnology Research Services
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 1,540 nanotechnology research services companies conduct research and experimental development on matter at the nanoscale (1 to 100 nanometers). Their work may evolve into the creation of new nanotechnology processes, materials, or products that may be reproduced, utilized, or implemented by different industries. Firms study the physical, chemical, biological, and optical properties of matter at the nanoscale that differ from the properties of bulk materials, single atoms, and molecules. Nanostructured materials may be stronger, more chemically reactive, or have different magnetic properties compared to the standard forms and sizes of the same material. The end goal of research is to develop technology or new applications of technology for commercialization.
Dependence on End Markets and Economic Conditions
The nanotechnology industry is dependent on the output of end markets, which are impacted by economic conditions.
Patents Decline
While the total number of patents granted for nanotechnology has fallen over time, certain categories experienced growth.
Industry size & Structure
The average nanotechnology research and development company employs about 20 workers and generates $23 million annually.
- The nanotechnology research and development industry consists of about 1,540 firms that employ about 30,000 workers and generate $35 billion annually.
- The industry is concentrated with the top 50 companies account for about 65% of industry revenue.
- Estimated revenue for US products that incorporate nanotechnology totaled $3 trillion in 2020, according to the Congressional and National Science Foundation studies.
- Government-funded organizations that host nanotechnology research include Argonne National Laboratory, Oak Ridge National Laboratory, and Brookhaven National Laboratory. Universities with major nanotechnology research centers (which receive government funding) include Cornell, Northwestern, Stanford, and the University of Minnesota.
Industry Forecast
Nanotechnology Research Services Industry Growth
Recent Developments
Oct 31, 2024 - Researchers Develop Blood Test to Detect Heart Attacks
- Johns Hopkins University researchers have developed a fast and accurate nanostructure-based tool for the early detection of heart attacks. The invention has a tiny microchip with a novel nanostructured surface that can detect heart attack biomarkers in blood within minutes. Heart attacks are often difficult to detect quickly because they involve tools such as electrocardiograms and lab work. The device developed by the Johns Hopkins team was developed for clinical settings but could be adapted for use in the field by first responders or eventually in the home.
- Teams of researchers at the University of Virginia, Mount Sinai, the University of Michigan, the University of Texas, and others have demonstrated an effective nanotechnology-based intervention for prostate cancer. The treatment accurately targeted and destroyed prostate cancer cells using gold nanoshells in conjunction with magnetic resonance imaging (MRI) and ultrasound fusion (a tool that enhances MRI data). The gold nanoshells are engineered to absorb specific wavelengths of light and produce heat. The treatment tailors the gold nanoshells to target tumors that are then eradicated with heat without damaging healthy cells. Known as nanoparticle-directed focal photothermal ablation, the treatment eliminated cancerous cells in 73% of patients over 12 months. Nanospectra Biosciences is commercializing the therapy.
- Researchers at Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) have developed a prototype for a nanofiber-based military uniform that can protect troops from chemical and biological agents. The uniform filters out harmful particles but is also breathable and lightweight. The prototype was jointly developed with DMTC Limited, an Australian defense research organization, and several commercial partners. CSIRO researchers suggest the uniform also has applications in protecting hazmat crews and emergency responders.
- In September, performance materials and specialty chemicals firm Cabot Corporation announced it had been awarded up to $50 million in grant funding to aid in the construction of the US’s first facility for commercial-scale production of carbon nanotubes and conductive additive dispersions used to make lithium-ion batteries for electric vehicles and energy storage systems. The award was made available through the US Department of Energy and was funded by the Infrastructure Investment and Jobs Act. Cabot said the grant will cover almost 30% of the funding of the new plant, which is an important step in developing a US-based EV and energy storage battery supply chain.
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