Market Trends of PMMA Microspheres Industry
This section covers the major market trends shaping the PMMA Microspheres Market according to our research experts:
Life Sciences & Medical To Dominate the Market
- Owing to increased usage of the product as a filler in bone cement, bulking agent for tissues, etc., the life sciences & medical industry is contributing the highest share in the PMMA microsphere market.
- The biocompatibility of PMMA microspheres is good, which allows the particles to be used in the life sciences & medical industry.
- Medical grade PMMA microspheres have smooth, round, and microscopic structures, which are not readily absorbed by the body. As the particles are injected, they start a natural bio-process to initiate the body response, where each PMMA microparticle is surrounded with new collagenous tissue growth.
- These microspheres are also used as bulking agents. They provide a scaffold for the deposition of patient’s own collagen, within six months after injection.
- Hyaluronic acid (HA) is used to ensure that the microspheres are delivered to the disc and to prevent the microspheres form coagulating during the tissue growth.
- The non-degradable PMMA microspheres help in the production of new collagen, while injected HA is absorbed over time.The repair and restoration of long-lasting structural integrity of spinal disc defect is obtained through PMMA microspheres, in order to help in the natural production of human collagen.
- Artificial bone cement based on PMMA microspheres is also widely used in orthopedics, owing to its great mechanical properties.
- The advancements in bio-medical science technology are expected to provide good growth opportunities for the global PMMA microsphere market.
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China to Dominate the Asia-Pacific Region
- Chinese PMMA microsphere market is driven by the medical, electronics and cosmetics sector.
- Chinese government have started policies to support and encourage domestic medical device innovation providing opportunities for PMMA microsphere market.
- “Made in China 2025” initiative improves industry efficiency, product quality, and brand reputation which will spur the development of domestic medical device manufactures and will increase the competiveness.
- Apart from this, demand for PMMA microsphere market exists in the medical device sector which include in vitro equipment such as clinical and diagnostic analysis equipment, diagnostic reagents, medical test and basic equipment instruments, and point of care testing (POCT) as they have the best selling prospects.
- In addition, orthopedics is driving the PMMA microsphere market as demand exists for implantable and intervention materials and artificial organs.
- Production and usage of LCD/LED TVs and other electronic devices such as mobile phones, tablets etc. is increasing substantially in China driving the studied market.
- China is embracing cutting-edge display technologies with an aim to become largest supplier of display panels by 2019. Global leaders such as Evonik Industries, Essen Germany & Dow etc. are concentrating more in China.
- Also, increasing demand for anti age products, sunscreens and skincare products is driving the studied market.
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