Market Overview:
Microspheres
are extensively used in the healthcare sector owing to their qualities such as chemical resistance, enhanced
processing, heat resistance, thermal stability, and
others. Market Research Future (MRFR) has published a report stating that the
global microspheres market size is projected to reach USD 10.99 Billion at a
CAGR of 12.20% during the forecast period of 2023-2032.
Key Players:
Global
microspheres
market players profiled by MRFR that are 3M (Unites States), Potters Industries LLC (United States),
AkzoNobel N.V. (Netherlands), Momentive Performance Materials Inc. (United
States), Chase Corporation (United States), Matsumoto Yushi Seiyaku Company
(Japan), Mo-Sci Corporation (United States), Trelleborg AB (Sweden), Luminex
Corporation (United States) and others.
Market Drivers and Restraints:
Increased
research for the development of advanced medical devices that ensure effective
drug delivery is fueling the growth of the global microspheres market as these
microparticles are extensively utilized in such devices. Rapid technological
advancement is also aiding the development of medical devices and treatment
techniques that require microspheres, which in turn is propelling the growth of
the global microspheres market. However, low penetration of technologically
advanced solutions in the underdeveloped countries is restraining the growth of
the global microspheres market during the review period.
The
global microspheres market has been segmented on the basis of material, types,
and application. Based on material, the global microspheres market has been
segmented into synthetic polymers and natural polymers. Based on type, the global microspheres market has been
segmented into bioadhesive microspheres, magnetic microspheres, floating
microspheres, radioactive microspheres, and polymeric microspheres. Based on
application, the global microspheres market has been segmented into drug
carrier, pulmonary drug delivery, tissue regeneration, and others.
Regional Analysis:
Geographically,
the global microspheres
market Insights has been segmented into four major
regions such as North America, Europe, Asia Pacific, and the Middle East and Africa. The North America region is
projecting dominance over the global microspheres market owing to the rapid
technological advancement &easy adoption of technologically advanced
solutions in the well-developed healthcare sector in this region. This region is forcasted to expand at a
significant CAGR of 11.3% during the
forecast period of 2016-2022. Whereas, the
Europe region is projected to be the second largest market in the global
microspheres market, expanding at a noteworthy CAGR of 11.5% during the
assessment period. The market in this region is
majorly driven by the increased research and development activities that
are being carried out in the pharmaceutical industry, presence of large number of
prominent players and increased healthcare expenditure by the population of the
Europe region. The Asia Pacific region is forecasted to project the fastest
growth in the global microspheres market
owing to the increased government funding for the development of healthcare sector and rapid expansion of the pharmaceutical industry in this region.
Poor economic conditions, low penetration of advanced technology and absence of
primary healthcare services in the underdeveloped countries are leading to the
slow growth of the microspheres market in
the Middle East and Africa region.
About US:
Market Research
Future (MRFR), enable customers to unravel the complexity of various industries
through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact us:
Market Research
Future (part of Wantstats Research and Media Private Limited),
99 Hudson
Street,5Th Floor, New York,
New York 10013
United States of
America
No comments:
Post a Comment