Microspheres Market Information, By Material (Synthetic Polymers, Natural Polymers), By Type (Bioadhesive Microspheres, Magnetic Microspheres, Floating Microspheres, Radioactive Microspheres, And Polymeric Microspheres), By Application (Drug Carriers, Pulmonary Drug Delivery, Tissue Regeneration) – Forecast till 2027
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Globally the market of microspheres is expected to grow at a CAGR of about 11.9% till 2022 and the growth at this rate has started since 2016.
Global Microspheres market – Regional Analysis
Globally, North America holds the largest share of more than 44% of global microspheres market and is expected to be the leading market during 2016-2022. This large share is majorly attributed due to growing technology advancement in the field of medical science in the region, rapidly growing pharmaceutical industry, increasing need for the new formulations for the development of new drugs, some of the key factors driving the growth of this market.
Globally Europe holds the second largest share of about 31% of the global microspheres market. The European market is expected to reach USD 2.44 billion by the end of the forecasted period from 2016 to 2022. Asia-Pacific region is anticipated to observe the highest growth rate in the near future due to growing healthcare and life-sciences industry, increased adoption of microspheres in developing countries, are the key drivers that are influencing the market to grow at a rapid pace in this region. Furthermore, major players are grabbing the opportunity by expanding their operating sites in the region and thus increasing the growth of this market for the forecasted period from 2016 to 2022.
Key Players:
- 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)
Intended Audience:
- Pharmaceutical companies
- Hospitals
- Clinics
- Academic research institutes
- Government institutes
Segments:
Global Microspheres market has been segmented on the basis of material which comprises synthetic polymers and natural polymers. On the basis of types the market is segmented into bioadhesive microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, and polymeric microspheres. Furthermore on the basis of application the market is segmented into drug carriers, pulmonary drug delivery, tissue regeneration and others.
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