Nanomagnetics Materials and Devices Market To Grow At CAGR Of About 4.4% Between 2016 And 2021

The emerging medical industry has placed the companies active in the nanomagnetics materials and devices market to struggle for bringing up new products. Few of the major players in the nanomagnetics materials and devices market consist of the Bayer Schering Pharma AG, IBM Corp., Fujitsu Laboratories, Ltd., Quantum Design, Liquids Research Ltd., and others.

Browse the full "Nanomagnetics Materials and Devices Market for Sensors, Separation, Imaging, Data Storage, Medical & Genetics and Other Application- Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/nanomagnetics-materials-and-devices-market

As per the report, the worldwide nanomagnetics materials and devices market was esteemed at about USD 8.21 Billion in 2015 and is anticipated to attain about USD 10.39 Billion by 2021, developing at a CAGR of about 4.4% between 2016 and 2021.

Budding medical industry to boost the growth of nanomagnetics materials and devices market

Nanomagnetics is the expansion in nanotechnology mostly utilized to amass the information in compact manner. The nanomagnetics materials and devices market is majorly furled by the budding medical industry. The remarkable growth in biotechnology and diagnostics sector is the major factor accountable for spurring the need for nanomagnetics materials and devices within the medical industry.

However, the lack of wakefulness concerning nanotechnology in emerging nations might obstruct the growth of the nanomagnetics materials and devices market. Furthermore, advancement in technology in nanotechnology might open the growth avenues for the nanomagnetics materials and devices market within the near future.

Rising requirement for enterprise mobility to drive growth of data storage devices segment of nanomagnetics materials and devices market

The nanomagnetics materials and devices market is bifurcated based on diverse applications such as medical & genetics, separation, sensors, data storage, imaging, and others. Data storage & medical and genetics application segment collectively acquired the key market share owing to exponential technological development.

Rising requirement for enterprise mobility owing to advantages such as high work efficiency along with high operation speed fuels the data storage devices’ demand. The rising expansion of the consumerization of technology is one more significant factor for spurring the growth of the nanomagnetics materials and devices market.

North America accounted for the major share on the nanomagnetics materials and devices market

North America governed the nanomagnetics materials and devices market with majority of stake in 2015 and was followed by Asia Pacific. The growth in the region can be attributed to the rising implementation of nanotechnology. Japan was the top contributor to the development of the market. Nevertheless, Middle East & Africa and Latin America are also anticipated to display noteworthy development in the years to come.

In September 2018, NanoMagnetics Instruments introduced Nanomanipulation System, which is a specialized nanorobot and microscopic viewing system for functioning with objects on a very small scale. This rollout is anticipated to pave way to the growth of the nanomagnetics materials and devices market.

The report segments the global nanomagnetics materials and devices market as:

By Application

• Sensors
• Separation
• Imaging
• Data Storage
• Medical and genetics
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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