Microspheres Market Growth of 10.5% CAGR Driven by Medical Technology Industry Demand

Apr 07, 2016, 02:00 ET from RnR Market Research

PUNE, India, April 7, 2016 /PRNewswire/ --

The global microspheres market will exhibit promising growth during the forecast period to 2020, and the prospects for its growth will be dependent on factors like the recent growth of the medical technology market. The medical technology industry produces varied products, which are designed to diagnose and treat patients globally. In the medical technology sector, microspheres are extensively utilized to manufacture or test medical devices that are selected based on specific application needs. Consequently, any growth observed in the medical technology industry will indirectly lead to the growth of the microspheres market over the next few years.

Complete report on microspheres market spread across 92 pages, analyzing 6 major companies and providing 58 data exhibits is now available at http://www.rnrmarketresearch.com/global-microspheres-market-2016-2020-market-report.html    

The analysts forecast global microspheres market to grow at a CAGR of 10.5% during the period 2016-2020. The high consumption of microspheres across the healthcare industry is a significant factor that will impel the prospects for growth in this market. In the healthcare sector, microspheres are being extensively used in the area of genomics, proteomics, and drug discovery. Also, the ability of microspheres to assist in selective internal radiation therapy is another factor that will foster its adoption across the healthcare sector. The SIR-spheres resin microsphere is one such microsphere that assists in internal radiation therapy.

The report covers the present scenario and the growth prospects of the global microspheres market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market. Order a copy of Global Microspheres Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=521140

Application-based Segmentation and Analysis of the Microspheres Market - Medical technology, Construction composites, Biotechnology & medicine and Cosmetics & personal care

In this market research report, analysts have estimated the medical technology segment to dominate this market and account for nearly 50% of the total market share by 2020. Microspheres have an important role not only in testing but also in the manufacture of many essential devices in use today. There is no doubt that rising demand for microspheres in the medical devices market will impact the technology sector positively. The extensive use of fluorescent microspheres for acoustical and optical analytical systems is another critical factor that will foster the prospects for market growth during the estimated period.

The microspheres market is very competitive due to the presence of a few global and vendors. Most of the market vendors have strategies to enhance the penetration percentages in the current market and implement the policies of expanding into new emerging markets to increase their profit margins and improve their overall revenue.

Key players in the global microspheres market: 3M, Akzo Nobel, Chase, Momentive Performance Materials, Potters Industries, and Sigmund Linder.

Other prominent vendors in the market are: Luminex, MO-SCI, Trelleborg Applied Technologies, Dennert Poraver, Polysciences, and Thermo Fisher Scientific.

Further, the report states that the fundamental challenge that the vendors involved in the microspheres market face are the strict approval regulations from the Food and Drug Administration (FDA) or similar bio-safety bodies.

Another related report is Global Metal Oxide Nanoparticles Market 2016-2020: analysts forecast global metal oxide nanoparticles market to grow at a CAGR of 9.5% during the period 2016-2020. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Browse complete report available @ http://www.rnrmarketresearch.com/global-metal-oxide-nanoparticles-market-2016-2020-market-report.html

Key players in the global metal oxide nanoparticles market: US Research Nanomaterials, Reinste, NanoScale, American Elements and EPRUI Nanoparticles and Microspheres. Other prominent vendors in the market are: Altairnano, Sigma-Aldrich, and Access Business Group.

Explore other new reports on Materials & Chemicals Market @ http://www.rnrmarketresearch.com/reports/materials-chemicals

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