The latest research report by Emergen Research, named ‘Global Microfluidics Market - Forecast to 2030’, entails a comprehensive review of the global Microfluidics Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
The global microfluidics market size reached USD 20.14 Billion in 2021 and is expected to register a revenue CAGR of 16.1% during the forecast period. Rapid technological advancements in the field of microfluidics such as Point-of-Care Testing (PoCT) and In-Vitro Diagnostics (IVD), significant investments in research & development activities, rising demand for microfluidic platforms for early disease detection and pathogen identification, as well as increasing applications of microfluidic platforms in various healthcare industries are factors driving market revenue growth.
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Microfluidics devices used for diagnostic purposes offer rapid detection, convenience of use, cost-effectiveness, and high precision in identifying infectious diseases, including HIV, HBV, and ZIKV. Use of microfluidic chips in medicine reduces time between identification and initiation of therapeutic treatment, which is critical for patient survival. Portable microfluidic kits can be especially beneficial in areas where healthcare facilities and services are poor. Sustained development of new microfluidics technologies such as 3-D printed wearable microfluidic devices, point-of-care/Lab-On-Chip (LOC) devices, and organ-on-chip devices is expected to result in deployment of innovative strategies for future microfluidic devices, which will be more readily available and accessible. This will result in less expensive, more integrated, and even more customizable chips made from various novel materials with higher precision and reliability.
Competitive Terrain:
The Global Microfluidics Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
UFluidix, Quidel Corporation, biosurfit SA, Abbott, Illumina, Inc., Abaxis, PerkinElmer Inc., Bio-Rad Laboratories, Inc., Hoffmann-La Roche Ltd., and Becton Dickinson and Company (BD).
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Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Market Dynamics:
The report offers insightful information about the market dynamics of the Microfluidics market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Microfluidics market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Microfluidics market.
Emergen Research has segmented the global microfluidics market based on material type, application, component, and region:
- Material Type Outlook (Revenue, USD Billion; 2019-2030)
- Polymer
- Silicone
- Glass
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Point-of-Care Testing (POCT) Diagnostics
- Drug Delivery Systems
- Pharmaceutical and Biotechnology Research
- Clinical Diagnostics
- Others
- Components Outlook (Revenue, USD Billion; 2019-2030)
- Microfluidic Chips
- Micropumps
- Microneedles
- Others
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Microfluidics Market:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
What Questions Should You Ask before Buying a Market Research Report?
How is the Microfluidics-market evolving?
What is driving and restraining the Microfluidics market?
How will each Microfluidics submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
How will the market shares for each Microfluidics submarket develop from 2022 to 2030?
What will be the main driver for the overall market from 2022 to 2030?
Will leading Microfluidics markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
Who are the leading players and what are their prospects over the forecast period?
What are the Microfluidics projects for these leading companies?
How will the industry evolve during the period between 2020 and 2030? What are the implications of Microfluidics projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Microfluidics market?
Where is the Microfluidics-market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
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