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.