Wednesday, March 30th, 2016 - WiseGuyReports

WiseGuyReports.com adds“Microspheres Industry 2016 Global Market Research Report & Forecast to 2020”reports to its database. We can offer you discount on this report.

This market research report offers a comprehensive analysis of the global microspheres market by application (medical technology, construction composites, biotechnology and medicine, cosmetics and personal care, and others), by raw material type (glass and others), by type (hollow and solid), and by geography (APAC, Europe, North America, and ROW). Leading vendors in this market are 3M, Akzo Nobel, Chase, Momentive Performance Materials, Potters Industries, and Sigmund Linder.

Overview of the global microspheres market 
The global market for microspheres will exhibit promising growth during the forecast period, 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. Technavio’s market research analyst predicts that the global market for microspheres will grow at a steady CAGR of close to 11% by 2020.

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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. In this process, a catheter is inserted through the groin into the hepatic artery, where millions of microspheres are released into the tumor site. These microspheres work on the liver tumors and spare the healthy liver tissue. With the help of this technology, the pharmacist can formulate products that have maximum therapeutic value and minimum side effects.

Application-based segmentation and analysis of the microspheres market 
- Medical technology 
- Construction composites 
- Biotechnology and medicine 
- Cosmetics and 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.

Geographical segmentation and analysis of the microspheres market 
- APAC 
- Europe 
- North America 
- ROW 
In this market study, analysts have estimated the North American region to account for an impressive market share of more than 43% by 2020. North America is the biggest user of microspheres as it offers better process control and also helps to enhance the overall efficiency of operations. In this region, construction composites will account for the majority of the market shares.

Competitive landscape and key vendors 
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.

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Key vendors in this market are -

3M 
Akzo Nobel 
Chase 
Momentive Performance Materials 
Potters Industries 
Sigmund Linder 
Other prominent vendors in this market are Luminex, MO-SCI, Trelleborg Applied Technologies, Dennert Poraver, Polysciences, and Thermo Fischer Scientific.

Key questions answered in the report include 
- What will the market size and the growth rate be in 2020? 
- What are the key factors driving the global microspheres market? 
- What are the key market trends impacting the growth of the global microspheres market? 
- What are the challenges to market growth for microspheres? 
- Who are the key vendors in the global microspheres market? 
- What are the market opportunities and threats faced by the vendors in the microspheres market? 
- Trending factors influencing the market shares of APAC, Europe, North America, and ROW. 
- What are the key outcomes of the five forces analysis of the global microspheres market?

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Keywords

Microspheres, Microspheres Industry, Microspheres Market, Microspheres Market Trend, Microspheres Industry Trends, Microspheres Market Share, Microspheres Market Growth, Microspheres Market Size

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