The global Microfluidics Market is expected to reach USD 29.43 Billion by 2027, according to a new report by Emergen Research. Increasing usage of Microfluidics to enhance healthcare, enabling early identification of pathogens, expanded flexibility, and simple tracking to target underserved and remote communities would fuel demand development for the Microfluidics market.
The installation of microfluidics technology into existing systems will be a major restraining factor in market growth. Rapid developments in the biomedical, pharmaceutical, and biotechnology industries have contributed to the inadequate application of microfluidics technologies within the current healthcare structure.
This report encompasses the current scenario and growth prospects of Microfluidics for the period 2020 – 2025. The study is a meticulously framed, in-depth study, with multiple tables charts and graphs that provide vital information on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in that specific market.
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The medical technology led the revenue-based market. Microfluidics offers POC diagnostics with three key benefits: quicker processing times, smaller sample sizes, and reduced test costs. Such advantages are being utilized slowly to establish POC instruments for the treatment and prevention of different illnesses, from cancer to infectious diseases.
The demand for polymer related microfluidics is projected to witness healthy development over the forecast timeline. The industry boosting aspect would be the wide variety of applications of polymer-based Microfluidics in the area of tissue engineering, medicine, and biology.
The laboratory-on-a-chip category accounted for a large share of the microfluidics industry in 2019 and is projected to retain its supremacy throughout the forecast period. Lab-on-a-chip offers fast detection speed and also helps the DNA probes to be sequenced easily.
North America dominated the market for Microfluidics in 2019. The region’s consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 39.8% of the market, followed by the Asia Pacific, in the year 2019
Key participants include Fluidigm Corporation, F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Abbott Laboratories Thermo Fisher Scientific, Micronit Micro Technologies B.V., Life Technologies Corporation, Danaher Corporation, Illumina Inc., and PerkinElmer Inc, among others.
Global Microfluidics Market – Overview:
The latest market intelligence report, titled ‘Global Microfluidics Market’, is intended to provide the target audience with the necessary information about the global Microfluidics industry. The report comprises a detailed analysis of the vital elements of the Microfluidics market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Microfluidics market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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Exhaustive coverage of the COVID-19 impact on the Microfluidics industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Microfluidics market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Microfluidics industry.
For the purpose of this report, Emergen Research has segmented into the global Microfluidics Market on the basis of technology, material, application, and region:
Technology Outlook (Revenue: USD Billion; 2017-2027)
Material Outlook (Revenue: USD Billion; 2017-2027)
Application Outlook (Revenue: USD Billion; 2017-2027)
Continuous flow microfluidics
Optofluidics and Microfluidics
Highlights of the TOC:
1.1 Research Scope
1.2 Key Microfluidics market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Microfluidics market size
2.2 Latest Microfluidics market trends
2.3 Key growth trends
3.1 Global Microfluidics market key players
3.2 Global Microfluidics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Microfluidics market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key geographical areas:
Middle East & Africa
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Microfluidics market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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