The Middle East & African microsphere market is expected to register a moderate-paced growth rate during the forecasted period of 2018-2023. The major factor driving the market’s growth is the increasing demand from medical technologies, in addition to the recovering construction sector in the GCC.
Medical Segment Poised to Witness Robust Growth
The market studied has been segmented by textile, type of raw material, and end-user industry. By end-user industry, owing to the increasing demand for cancer treatment drugs and drug delivery systems, in addition to the growing government support for the development of medical sector in countries, such as Saudi Arabia, UAE, etc., the medical technology segment is expected to dominate the market.
Booming Medical Sector Driving the Saudi Arabian Market
The Saudi Arabian microsphere market is mainly driven by the growing medical sector. This can be attributed to the increasing incidence of diseases like cardiovascular disease and cancer, which drive government initiatives. Saudi Arabia, in its ‘Vision 2030’ plan, has emphasized more on privatization as an immediate strategy, to improve healthcare services. The total private investments are expected to reach about USD 100 billion by 2020. In addition, a total of USD 2.1 billion is expected to be invested in infrastructure projects for health equipment, over the next six years, with increasing annual expenditure on such equipment and devices, to USD 250 million by 2020.
Export Dependence Limits the Market’s Growth
The microsphere market is restrained by the dependence on exports in some African countries, like South Africa. Local manufacturers face funding issues, poor infrastructure, and staff shortages (particularly in the public sector). Therefore, opportunities exist for exporters, which is anticipated to hamper the studied market.
Major Players: 3M, AkzoNobel Expancel, Cospheric LLC, Sigmund Linder GmbH, Potters Industries LLC, Momentive Performance Materials Holdings LLC, Dennert Poraver GmbH, and Henkel AG & Co. KGaA, amongst others.
Reason to Purchase this Report
To understand the impact of end-user industries on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The product type and application that are expected to dominate the market.
The countries that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements.
This product will be delivered within 2 business days.
Medical Segment Poised to Witness Robust Growth
The market studied has been segmented by textile, type of raw material, and end-user industry. By end-user industry, owing to the increasing demand for cancer treatment drugs and drug delivery systems, in addition to the growing government support for the development of medical sector in countries, such as Saudi Arabia, UAE, etc., the medical technology segment is expected to dominate the market.
Booming Medical Sector Driving the Saudi Arabian Market
The Saudi Arabian microsphere market is mainly driven by the growing medical sector. This can be attributed to the increasing incidence of diseases like cardiovascular disease and cancer, which drive government initiatives. Saudi Arabia, in its ‘Vision 2030’ plan, has emphasized more on privatization as an immediate strategy, to improve healthcare services. The total private investments are expected to reach about USD 100 billion by 2020. In addition, a total of USD 2.1 billion is expected to be invested in infrastructure projects for health equipment, over the next six years, with increasing annual expenditure on such equipment and devices, to USD 250 million by 2020.
Export Dependence Limits the Market’s Growth
The microsphere market is restrained by the dependence on exports in some African countries, like South Africa. Local manufacturers face funding issues, poor infrastructure, and staff shortages (particularly in the public sector). Therefore, opportunities exist for exporters, which is anticipated to hamper the studied market.
Major Players: 3M, AkzoNobel Expancel, Cospheric LLC, Sigmund Linder GmbH, Potters Industries LLC, Momentive Performance Materials Holdings LLC, Dennert Poraver GmbH, and Henkel AG & Co. KGaA, amongst others.
Reason to Purchase this Report
To understand the impact of end-user industries on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The product type and application that are expected to dominate the market.
The countries that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements.
This product will be delivered within 2 business days.
Table of Contents
1. Introduction
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
6. Regional Market Analysis (Market Size, Growth, and Forecast)
8. Competitive Landscape
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
10. Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M
- AkzoNobel Expancel
- Aveka Manufacturing Inc.
- Bangs Laboratories Inc.
- Celonova Biosciences Inc.
- Chase Corp.
- Cospheric LLC
- Evonik Industries AG
- Henkel AG & Co. KGaA
- Induchem AG
- Luminex Corp.
- Matsumoto Yushi-Seiyaku Co. Ltd
- Merit Medical Systems Inc.
- Mo Sci Corp.
- Momentive Performance Materials Inc.
- Nanjing Jianzun Glass Microsphere Plant Co. Ltd
- Poraver
- Potters Industries LLC
- Sirtex Medical Inc.
- Sunjin Beauty Science
- Swarco AG
- Trelleborg AB
- Sigmund Linder GmbH
- Malayan Adhesives & Chemicals SDN BHD
- Polysciences Inc.
Methodology
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