As per this study the Global Microfluidics Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%.
Microfluidics is a combination of science and technology, which studies the behavior of fluids through micro-channels and manufacture microminiaturized devices. It manipulates and controls fluids in a network of channels with dimensions from tens to hundreds of micrometers. It is an essential tool in life science research and biotechnology. Microfluidics improves the precision of experiments and can run multiple analysis simultaneously.
The growing prevalence of chronic diseases and escalating geriatric population across the globe is driving the market growth. Also, increasing demand of early testing, point-of-care and personalized treatment is also fuelling the market growth. In addition, rising pharmaceutical and biotechnology research funding is again boosting the microfluidics demand in the market. Though, increasing demand for faster and decentralized diagnostics and increasing usage in molecular diagnostic is expected to drive the demand in the forecast period. However, the high cost associated with integrated instruments and microfluidic sensors may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis, and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of microfluidics.
The broad microfluidics market has been sub-grouped into material, component and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Glass Based
- Other Materials
- Microfluidic Chips
- Micro Pumps
- Micro Needles
- Other Components
- In-vitro Diagnostics
- Drug Delivery
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for microfluidics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Microfluidics Market By Revenue (USD MN)
The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the microfluidics market include Abbott Laboratories, Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Dolomite Centre, F. Hoffmann-La Roche AG, Fluidigm Corporation, Micronit Microfluidics BV, PerkinElmer Inc., Thermo Fisher Scientific Inc., and uFluidix. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.