Microfluidic Devices have seen fast traction with the usefulness in the field of life sciences, pharmaceuticals, and cumulative demand of care. Over the years, the microfluidic devices have become an important part especially in the development and recovery of drug which has eventually helped the medical and healthcare sector in prominent ways.
A Microfluid Device allows the integration of many medical tests having advanced technology with several applications. Many pharmaceutical firms are inclined in the process of this device for integration, industrialization, miniaturization, and parallelization of various tests in the fields of diagnostics, drug development, and biological research.
Global Microfluidic Devices Market – Key Players
The major player includes F. Hoffmann-La Roche AG, Siemens Healthcare GmbH, Agilent Technologies, Fluidigm Corporation and Cepheid etc.
Global Microfluidic Devices Market – Competitive Outlook
December 13, 2018 – the researchers from the Massachusetts Institute of Technology (MIT) published a study of their novel 3-D printed microfluidic device they invented. The new microfluidic device can simulate cancer treatments on biopsied tumor tissue so that the clinicians can better examine how individual patients respond to different therapeutics before administering a single dose.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/954
November 26, 2018 – The University of Toronto (Canada) announced its partnership with Canada’s National Research Council (CNRC) creating a national innovation hub focused on microfluidics, a field in which tiny amounts of fluid are manipulated in small-scale devices to develop everything from portable diagnostic “labs” to repair kits for human organs.
Factors Driving the Market
The Market Research Future in their report analysis the Microfluidic devices market drivers which will probably take the share to spread in the future years. The device offers a lot of benefits such as reducing the side effects and improving the efficacy of treatment. Adding on, some new microfluidic methods are being used for the evaluation of drugs, especially for the treatment of diseases related to heart and cancer. Hence, the demand the microfluidics devices have increased over the time from the pharmaceutical industry to biological and medical grounds.
With this, the overall market is experiencing the development from ongoing product wise invention, merging, collaborations by the various industries. This is the one prominent reason that the microfluidics market is witnessing high growth, whereas, the spreading of broader applications is propelling the market to earn well in the foreseen years. Furthermore, with increased awareness regarding the importance of healthcare and the latest medicines has driven the market to a significant level globally.
Materials such as glass, polymer, ceramics, and silicon are primarily used in making of microfluidics devices. With the implementation of these materials in the fabrication process, the methods are improving with their functionality. Therefore, the acceptance of these materialized devices is in demands by newcomers in the medical sector.
Many factors in the microfluidics device market are imposing hurdles which are summed by strict regulatory norms imposed by Government in various countries. This is catering the market to slow the pace of growth in consideration with quality medical product delivery by medical bodies.
Global Microfluidic Devices Market – Segmentation Analysis
In Market Research Future reports, the global microfluidic devices market has been segmented into industry, materials, application, and region.
Based on industry, the market comprises of in-vitro diagnosis, pharmaceutical, medical devices.
Based on materials, the market has segments such as polymer, glass, and silicon.
Based on application, the market is segmented into clinical, and veterinary diagnosis, a point of care, analytical devices, drug delivery, environmental, and other industrial applications.
Global Microfluidic Devices Market – Regional Analysis
Based on geographic region, the microfluidic devices market is segmented into three key regions such as North America, Europe, and Asia.
Of these, North America has seen the largest market share in the usage of microfluidic devices. The variables favoring market growth include a growing number of old age population, increasing healthcare awareness, rising chronic and lifestyle diseases, technological developments for various applications. Also, some medical insurance infrastructure facilities are the driving force of the growth of the global microfluidics market.
Browse Complete 86 Pages Premium Research Report Enabled with 30+ Respective Tables and Figures @ https://www.marketresearchfuture.com/reports/microfluidic-devices-market-954
In Europe, the medical business sector has the second largest usage of microfluidic gadgets based on analytic prerequisites. Also, with the increase in healthcare awareness and expenditure in this sector has immensely influenced the market with tremendous growth. As per the European Federation of Pharmaceutical Industries and Associations, in 2011, R&D interest in Europe was about $40.2 Billion, which prompt expanded creation of drugs in the pipeline.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312