A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Microsphere
Market. The
study, titled “Microsphere
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Microspheres
are spherical micro-particles and their size ranges from 0.1 to 100
micrometer. This microsphere has pores on its external surface and
some of these pores are located in its internal side as well. These
pores help to carry out drugs in chemotherapy process, cell
generation and cell delivery. Hence, this device has extensive
application in healthcare sector and thus, this market is expected to
expand consistently during the forecast period.
With
the rise in population and disposable income, healthcare sector has
been an attractive investment destination. Governments of different
economies stress on the need to increase their spending on medical
and healthcare. In developed economies such as the U.S., U.K. and
Germany, significant portion of their budget is allocated to the
healthcare sector.
Browse
Market Research Report @
Rising
health awareness further increases the demand for healthcare
equipment. Increasing domestic as well as foreign investment in this
sector, coupled with technological innovation has led to the increase
in application of healthcare machineries in recent years, and this
sector is anticipated to fuel the demand for medical equipment in the
near future. Hence, rising health awareness, coupled with increasing
healthcare investment, is driving the expansion of the market for
microsphere during the forecast period.
However,
there are certain restraints to this market as well. Rising
production cost is a restraining factor to this market. Increased
cost of production for microsphere due to rising cost of materials is
a key factor that acts as a restraint on the global microsphere
market.
Rising
investment in research and development is enhancing the market
prospect. Moreover, market penetration to large number of fields such
as automotive, aerospace, energy, and gas is expanding the reach of
this product in the market.
In
terms of product type, the global microsphere market can be segmented
into hollow and solid. The hollow microsphere segment held
significant share of the market in recent years, and this segment is
estimated to dominate the market during the forecast period. Hollow
microsphere offers low crush strength and it has larger capacity to
absorb any material, these features are likely to increase the demand
for hollow microsphere in the near future.
In
terms of raw materials, the global microsphere market can be
segmented into six types such as glass, ceramic, fly ash, polymer,
metallic, and others. Glass microsphere held prominent share in the
market, as this type of microsphere offers low thermal
conductibility, smooth mobility, and low heat transfer. Moreover,
this type of microsphere can operate in considerable depth, which
increases the demand for this microsphere in the medical sector.
In
terms of application, the microsphere market can be divided into
construction composite, medical technology, paints and coatings, life
science and biotechnology, oil & gas, cosmetics and personal
care, automotive, aerospace, and others. Medical technology held
significant share in this market. Demand for microsphere is
anticipated to increase in the medical technology segment due to
rising incidents of cancer. This device is utilized for delivering
drugs. This device are employed for providing chemotherapy. Hence,
vast application of this device in medical technology, demand for
microsphere is expected to witness rising share during the forecast
period. In case of the automotive and paints industries, this device
is likely to witness rising market share.
In
terms of geography, the microsphere market can be segmented into
North America, Europe, Asia Pacific, Middle East & Africa, and
Latin America. North America held significant share of the market due
to extensive application in the healthcare sector. Europe followed
North America, in terms of market share, as this region witnessed
significant investment in the healthcare sector. Moreover, there is
increase in application of microsphere in the personal care and
cosmetics industry as well.
Get
accurate market forecast and analysis on the Microsphere market.
Request a sample to stay abreast on the key trends impacting this
market@
Key
market players in this industry include 3M, Evonik Industries AG,
Luminex, and Henkel AG & Co. KGaA.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Us
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment