Microfluidics Market Share, Growth, Key Huge Growth Opportunity by Trend 2019-2030
Market Industry Reports (MIR) has published a new report titled “Microfluidics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global microfluidics market is estimated to be around US$ 4.0 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.
Micro fluids deal with the flow if liquids inside micro-meter sized channels. In order to be considered a micro fluid, at least one dimension of the channel must be in the range of a micrometer or one tenth of a meter. A micro fluidic chip is a set of micro channels etched or molded into a material. The micro channels forming the micro chips are connected together in order to work together to achieve the desired result.
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Major Players in the Microfluidics Market
The prominent players in the global microfluidics market are Agilent Technologies, Danaher, Thermo Fisher Scientific, Becton, Dickinson and Company, PerkinElmer, Qiagen, Abbott Laboratories, Fluidigm Corporation, Illumina, Inc., and F. Hoffmann-La Roche AG, among others.
According to World Health Organization (WHO) Infectious diseases are one of the major causes of death across the world. It is estimated that the prevalence of infectious disease in Russia is one of the highest in world, followed by Brazil and US. According to Center for Disease Control (CDC), the total number of individuals suffering from hepatitis A in 2011 was approximately 2,700. Similarly, the number of individuals suffering from chronic hepatitis B was estimated to be between 2.5 to 3.9 million. Growing incidences of such infectious diseases has presented a lucrative growth prospect for the microfluidics market, as this technique is widely used for detection of such conditions.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Microfluidics Market by Type (Chips, Sensors, Micro-Pumps, Micro-Needles), Material (Glass, Silicon, Polymer), Application (In-Vitro Diagnostics, Drug Delivery, Laboratory Testing, Pharmaceutical & Life Science) – Global Analysis & Forecast 2019-2030.
The Microfluidic Market is on a high growth rate attributing to its various factors such as increase in infectious diseases, need for faster and accurate results at a low cost and increased funding in the healthcare department. However rising cost for implantation and the stringent regulatory process to adapt the new technology hinder the growth rate for micro fluidics to a certain extent.
Table of Contents
1.1 Research Methodology
1.2 Market Definition
1.3 Market Ecosystem
1.3.1 Market Classification
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
22.214.171.124 Historical Years – 2016 & 2017
126.96.36.199 Base Year – 2018
188.8.131.52 Forecasted Years – 2019 to 2030
1.4 Currency Used for the Study
1.5 Report Beneficiary List
The market for Microfluidics can be segmented based on type, material, application and regions. The Type segment can be further categorized into various segments such as Chips, Sensors, Micro-Pumps and Micro needles. Chips dominate the largest share of the following segment owing to various factors such as increasing demand for testing in infectious diseases, investments in drug discoveries and rise in use of personalized medicines to name a few. The material segment can be further categorized into segments such as Glass, Silicon and Polymer.
The Polymer base accounts for the largest share in the following segment owing to its versatility and diversity in usage. Application wise the segments can be further categorized into various segments such as In-Vitro Diagnostics, Drug Delivery, Laboratory testing, Pharmaceutical and Life Sciences. The In-Vitro Diagnostics account for the largest share in the following segment owing to rise in point of care diagnostics and rise in infectious diseases.
The Microfluidic Market can be segmented geography area wise can be segmented into various regions such as North America, Europe, Asia-Pacific and the Rest of the World (RoW). North America leads the Microfluidic Market in terms of share attributed by various factors such as advancements in the research and Development area, increased focused on drug discovery. However it should be noted that the Asia-Pacific regions is expected to have the highest CAGR in terms of growth in the market areas of India, Japan and China
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