The increasing advancement in drug delivery systems is likely to propel the growth of the bioadhesive microspheres market during the forecast period, says Fortune Business Insights™ in a report, titled “Bioadhesive Microspheres Market Size”, Share and Global Trend By Material (Natural Polymers, Synthetic Polymers), By Route of Drug Delivery (Oral, Nasal, Ocular, Colorectal), By End Users (Hospitals, Clinics, Academic & Research Institutes, Pharmaceutical & Biotechnology Industries), and Geography Forecast till 2026” the increasing application of microspheres as a drug carrier is expected to create growth opportunities for the market in the forthcoming years.
As per the report, based on the material the market is divided into natural polymers and synthetic polymers. Synthetic polymers segment is predicted to hold the largest share in the market owing to the growing usage of biodegradable synthetic polymers in cancer therapy, along with its enhanced drug loading and dose releasing profile at the desired sites.
The report covers:
- Global Bioadhesive Microspheres Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
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Leading Players operating in the Bioadhesive Microspheres Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Camurus AB
- Henkel Adhesives Technologies India Private Limited
- Adhesives Research, Inc.
- The Compound Company BV
- EcoSynthetix Inc.
- Crunchbase Inc.
- Among others.
Announcement for Eye90 and Easi-Vue Microspheres by ABK Biomedical Inc. to Boost Growth Prospects
The product development for Eye90 microspheres and Easi-Vue microspheres is predicted to spur sales opportunities in the forthcoming years. For instance, in April 2018, ABK Biomedical Inc. announced about financing $30 million in B series, which shall focus on product development of its Eye90 microspheres and Easi-Vue microspheres which are designed for transarterial radiation therapy for liver tumors bland embolic treatment of hypervascular tumors respectively. Furthermore, the approval of PLA/PLGA-based products by the FDA is expected to encourage the growth of the market. For instance, In August 2018, Flexion Therapeutics Inc. received FDA approval for the use of PLA/PLGA-based products as an efficient drug delivery microsphere. Also, increasing advancement in drug delivery systems is predicted to enable speedy growth of the market. However, lack of awareness about the usage of bioadhesive microspheres for the treatment of chronic diseases in emerging nations. This factor is likely to hinder the growth of the bioadhesive microspheres market during the forecast period.
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High Adoption of Novel Microspheres to Foster Growth in North America
Geographically, the global bioadhesive microspheres market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to dominate the market during the forecast period owing to growing awareness and high adoption of novel microspheres used as drug delivery systems. Additionally, increasing investments by numerous key players in the R&D activities is likely to boost the bioadhesive microspheres market trends during the forecast period. Increasing prevalence of chronic disease & cancer and growing demand for minimally invasive drug delivery systems are some of the factors anticipated to boost the global bioadhesive microspheres market share in Asia Pacific during the forecast period.
The report on the bioadhesive microspheres market size concentrates on illustrating a comprehensive assessment of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the noteworthy developments of the market. It shares a complete overview of all the segments & parts of the market and also provides statistical data on all the regions.
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- Comprehensive analysis of the Bioadhesive Microspheres Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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