Sarasota, FL, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Nanomagnetics Materials and Devices Market for Sensors, Separation, Imaging, Data Storage, Medical & Genetics and Other Application - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”. According to the report, global nanomagnetics materials and devices market was valued at around USD 8.21 billion in 2015 and is expected to reach approximately USD 10.39 billion by 2021, growing at a CAGR of around 4.4% between 2016 and 2021.
Nanomagnetics material and devices are the results of advancement in research and development activities in Nanotechnology. The demand of nanomagnetics is extensive in data storage sector followed by the diagnostic and biotechnology application.
Browse through 16 Market Tables and 19 Figures spread over 110 Pages and in-depth TOC on “Global Nanomagnetics Materials and Devices Market: By Application, Size, Share, Trends, Segments and Forecast 2015-2021”.
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North America dominated the nanomagnetics materials and devices market due to booming IT and medical industry and increasing need of data storage devices. Increased focus on nanotechnology due to technological advancement is projected to show the impressive growth of this market in North America. U.S. is the leading contributor overall market of nanomagnetics materials and devices. Expanding application areas of nonmaterial in this region is expected to boost the growth of this industry. Data storage is the main application area of nanomagnetics materials and devices which modifies the operational speed and data management in IT sector as well as medical for recording details etc.
Asia Pacific was the second largest region for nanomagnetics materials and devices market. Growing life expectancy in Asia Pacific results in increasing awareness about healthcare in the region. Healthcare expenditure continues to grow due to rising patient demands for better healthcare. In addition, increasing population in Asia Pacific coupled with the rise in demand for various electronic devices, and technology is expected to support the demand for nanomagnetic materials and devices in coming years. Industrialization and rising disposable income in emerging economies such as India, China, and Japan attract the adoption novel of technology like nanotechnology.
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
Europe nanomagnetics materials and devices market is predicted to show noteworthy growth during the forecast period due to the rising advancement in nanotechnology and healthcare devices. Nanotechnology in Latin America has enormous potential to reform the healthcare sector and has experienced exponential growth in the previous decade. Nanomagnetic materials and devices market is projected show robust adoption in the near future. The growth of the nanotechnology sector in this region is supported by government initiatives to develop the nanotechnology market. Nanotechnology in the medical device is showing moderate growth in the Middle East & Africa region due to the technology evolution, increasing aging population and incidences of diseases. This helps to grow the nanomagnetics materials and devices market at the moderate pace.
Some of the key players in the market include the Fujitsu Laboratories, Ltd., IBM Corp., Liquids Research Ltd., Quantum Design, Bayer Schering Pharma AG, and others.
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The report segments the global nanomagnetics materials and devices market as:
Global Nanomagnetics Materials and Devices Market: Application Segment Analysis
- Data Storage
- Medical and genetics
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Global Nanomagnetics Materials and Devices Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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