The Medical Device Packaging Market growth outlook with industry review and forecasts

Global Market Insights has a new study based report titled "Microspheres Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".

Microspheres Market size may grow significantly over the forecast timeframe owing to positive application scope in medical technology and healthcare, cosmetics and personal care, and automotive industries. It is free flowing powders consisting synthetic polymers or proteins which are biodegradable.

Microspheres are used as tracers and particles in medical devices which are made from glass, polymers and ceramics. Additionally, they are used in testing and developing medical devices owing to their availability in wide range of colors accompanied with controlled opacity, particle size distribution, fluorescence, electrostatic charge and specific gravity.

Global medical device market size is likely to exceed USD 500 billion by 2024. Increasing new hospital construction projects along with medical equipment demand should drive industry growth.

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Strong application outlook in pharmaceutical sector should drive microsphere market size. They are ideally used in bone tissue engineering and drug delivery. Radioembolization is an invasive process that combines radiation therapy and embolization to treat liver cancer. Microspheres drug delivery system are commercially valuable in development of biopharmaceuticals and small molecules.

1. Microspheres Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key
Microspheres Market growth opportunities & emerging business
models
4. Competitive benchmarking with market share analysis and company profiles

Rise in per capita income supported by improvement in consumer lifestyle should favor cosmetic market size. Global cosmetic market should surpass USD 435 billion by 2024, with gains at over 4.5%. Opaque microspheres have better particle size distribution and excellent sphericity which reduces wrinkles and fine lines appearance.

Microspheres are preferably used in the automotive industry which can reduce part weight by 10% to 20%. Oil and gas exploration depends upon hollow glass microspheres which reduces weight, friction and density.

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The Microspheres Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Microspheres Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Microspheres Market Product Insights
5. Microspheres Market Application Insights
6. Microspheres Market Regional Insights
7. Competitor Profiles

Hollow microspheres may witness significant gains over the forecast timeframe. They are used as sensitizers in quarrying, paint & coatings, construction and mining applications for water gel emulsions and explosives, thereby fueling product demand.

Global paints and coatings market may exceed USD 180 billion by 2024, with gains at over 6%. Strong application scope in the coatings sector due to increasing scratch and abrasion resistance, reducing staining and water absorption properties will propel product demand.

3M introduced ceramic microspheres for paints and powder coatings due to high strength and inert fine particles with intrinsic hardness, lower viscosity, burnish resistance and hardness, gloss control and radiation curable properties.

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Fluctuating raw material costs along with lack of product quality may create demand supply gap and affect microspheres market price trend.Also, prices are dependent on packaging and coating by silicone or silane.

Global microspheres market share is competitive with some of the prominent industry participants include 3M Company, AkzoNobel, Sigmund Lindner, Potters Industries, Luminex Corporation, Momentive Performance Materials and Chase Corporation.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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