Latest industry research report on Microspheres Market. Rise in demand from the current and emerging applications such as medical technology drives the market for microspheres. The improved efficacy, reduced toxicity, improved patient compliance and convenience of microspheres has led to increasing demand in drug delivery system.
Increasing demand in other applications such as cosmetics & personal care, oil & gas, and life science is expected to boost the growth of microsphere market during the forecast period. Volatility in the raw material prices, lack of quality control check across developing countries, and requirements of huge investments in R&D are some of the threats for the microsphere market.
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Microspheres are free flowing powders consisting of proteins or synthetic polymers which are biodegradable in nature. Microspheres are of various types like bio adhesive microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, polymeric microspheres, biodegradable polymeric microspheres, synthetic polymeric microspheres.
The methods used for the preparation of microspheres include spray drying, solvent evaporation, single emulsion technique, double emulsion technique, phase separation concertation technique, spray drying and spray congealing, solvent extraction, quassi emulsion solvent diffusion. The controlled and sustained release of microspheres makes it applicable to be used in drug delivery system.
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The report segments the microsphere market on the basis of raw material, type, application, and geography.
Market by Raw Material
- Fly ash
Market by Type
Market by Application
- Construction & composites
- Medical technology
- Cosmetics & personal care
- Oil & gas
Market by Geography
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA
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