are done to address the drug delivery devices and diagnosis of diseases such as cancer and ailments of the brain or the heart. Nanomagnetics, which is an application of nanotechnology, can be defined as application of magnetic property of nanomaterials in the form of devices and systems, for various purposes across different verticals. Globally, Biotechnology, data storage and retrieval, development of efficient and advance technology, growing demand for nanomagnetics devices, increasing government initiative across the globe, and growing demand for minimal invasive and non-invasive surgical procedures are the prime growth drivers of global Nanomagnetics market. In addition, increase in adoption of Nanomagnetics for peripheral artery diseases, and emerging economies such as China, India and others, will create new opportunities for global Nanomagnetics market. However, higher cost of the research and development, higher cost of nanomagnetics, and complex manufacturing process are the key restraints for global Nanomagnetics market.
Geographically North America dominated
global Nanomagnetics market
, with approximately half of the world’s procedures being done in the U.S. because of the growing demand and applications of nanotechnology, and increased adoption of nonmagnetic materials and devices across most industry verticals. Japan was the leading contributor to the growth of the nanomagnetics materials and devices market. However, Latin America and Middle East & Africa are also expected to exhibit significant growth over the forecast period. Among all the applications, sensors have the highest market share in global Nanomagnetics market due to higher prevalence of cancer and ailments of the brain or the heart.
This report identifies the global Nanomagnetics market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global Nanomagnetics market.
This report segments global Nanomagnetics market on the basis of application, end-user, and regional market as follows:
- Nanomagnetics Market, By Applications: Sensors, Data Storage and Others
- The report has focused study on Nanomagnetics market by basis of end-user such as: Medical & Bio-Tech, Transportation, Electronics, Manufacturing & Processing Industry, Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the Nanomagnetics market. Some of the major companies’ profiles in detail are as follows:
- Fujitsu Laboratories, Ltd
- IBM Corp
- Liquids Research Ltd
- Quantum Design
- Bayer Schering Pharma AG.