The global microspheres market was valued at over USD 3,682 billion in 2016 and is expected to reach almost USD 6,128 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global microspheres market, under its metals and minerals portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like 3M, AkszoNobel, Chase, Momentive Performance Materials, Potters Industries, and Sigmund Lindner.
According to Ajay Adikari, a lead analyst for metals and minerals research at Technavio, “The pharmaceutical sector is focused on enhancing the bioavailability and improving the pharmacokinetic and pharmacodynamic profile that enables a controlled release of the drug. The trend is spurred by the need to overcome the short circulating half-life limits that restrict absorption and therapeutic potential in many oral drugs.”
Microspheres play a vital role in the development of a controlled release drug delivery system. The microencapsulation technology is used in these drug delivery systems. The drug is homogeneously distributed or dissolved in the suitable raw material matrix, usually polymers for pharma applications. The prominent features of microspheres in the drug delivery sector are drug protection from external sources, sensitive drug substance stabilization, elimination of incompatibilities, and taste masking.
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High consumption of microspheres in healthcare sector
The application areas of microspheres in the healthcare sector are on the rise. The industry analysts at Technavio predict the demand for micropsheres to be the highest from application areas such as genomics, proteomics, and drug discovery. Microspheres also fight cancer at the molecular level. For instance, the SIR-Spheres resin microspheres are radioactive polymer spheres that emit beta radiation and are used in selective internal radiation therapy.
Biodegradable microspheres trending in chemotherapeutic drug delivery
Polymer microspheres are highly used in chemotherapy as they offer the benefits of reduced toxicity along with localized sustained release. Drug-loaded microspheres can be directly injected into the tumor tissue causing minimal harm to the healthy tissues. To enhance the bioavailability of drugs, the emphasis on controlled release dosage forms of drug treatment is increasing.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Microspheres Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Metal Oxide Nanoparticles Market 2016-2020
- Global Medical Composite Materials Market 2016-2020
- Global Titanium Dioxide Nanomaterials Market 2016-2020
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