Healthcare

2019 Microfluidics Market Shows Important Factors of Industry, Top Countries, Leading Manufacturers, Regional Analysis Forecast to 2024

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Microfluidics

Microfluidics Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Microfluidics Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Microfluidics Market.

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Key Insights of Microfluidics Market:

  • Complete in-depth analysis of the Microfluidics
  • Important changes in market dynamics.
  • Segmentation analysis of the market.
  • Emerging segments and regional markets.
  • Historical, on-going, and projected market analysis based on volume and esteem.
  • Assessment of niche industry players.
  • Market share analysis.
  • Key strategies of major players

Market Overview:

  • The global microfluidics market was valued at USD 4,748.18 million in 2018, and is estimated to be valued at USD 13,348.29 million in 2024, witnessing a CAGR of 18.80%. Factors that are propelling the growth of the market include rising demand for point-of-care testing, increasing Incidences of chronic diseases, faster turn-around time for analysis, and improved portability of devices.
  • POC testing allows healthcare experts to diagnose a patient in the physician’s office, in an ambulance, at home, field, or in the hospital. Microfluidic technology-assisted devices are being employed for POC testing, as they require small volumes of samples and use micro-fabricated channels to analyze these samples. POC testing devices are already popular in glucose, blood, hemoglobin, and HIV testing domains. Future POC testing devices are likely to focus more on antibiotics therapies and cancer.
  • With the wide range of applications offered by these devices, microfluidic technology-based POC testing devices have immense potential in the developing and developed countries, as the percentage of population affected by these diseases is high.

    Microfluidics Market Segmentation by Top Key Players:

  • Abbott Laboratories
  • F. Hoffmann
  • LA Roche Ltd
  • Agilent Technologies
  • Danaher Corporation (Cepheid)
  • Thermo Fisher Scientific Inc.
  • Bio
  • Rad Laboratories Inc.
  • PerkinElmer Inc.
  • FluIdigm Corporation
  • Dolomite Microfluidics (Blacktrace Holdings Ltd)
  • Micronit Microfluidics

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    Scope of the Report:

  • This report estimates the global microfluidics market size by summing up the value of market segments divided on the basis of type of component, application, and materials. Further, each of these segments are sub-divided to cover all relevant categories.

    Key Market Trends:

    Clinical Diagnostics is Expected to hold its Highest Market Share in the Application Segment

    In the application segment of the microfluidics market, clinical diagnostics is believed to have the largest market size and is expected to witness a CAGR of 18.80% during the forecast period.

    A significant application area for microfluidic technology is clinical diagnostics. Specifically for clinical diagnostics, diseases, including toxicity, can be diagnosed by performing various biochemical analyzes and by observation of symptoms. The biochemical changes in the patient’s blood can signal organ damage or dysfunction, prior to observable microscopic cellular damages or other symptoms.

    So there has been a large demand for the development of an easy-to-handle and inexpensive clinical diagnostic biochip using fully integrated plastic microfluidic chips, which have the sampling/identifying capability of fast and reliable measurements of metabolic parameters from a human body with minimum invasion. Thus, the growth of clinical diagnostics is expected to fuel the market’s growth.

    North America Dominates the Market and is Expected to do the Same in the Forecast Period

    The North American region holds the largest market share in the market for microfluidics. This is attributed to factors, such as the well-established healthcare system, along with better reimbursement policies, and the higher adoption of novel therapeutics among the general population. Microfluidics is a vastly growing field in the United States, in terms of high budget sanctions for R&D. Molecular diagnostics and point-of-care diagnostics widely use microfluidic technology for various applications, and hence, they occupy a major market share in the United States. Owing to this, the United States has the largest market share of 88% in North America, and is expected to grow at a rate of 18.8% over the forecast period.

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    Microfluidics Market Covers Following Points in TOC:

    • Chapter 1: Microfluidics Market Definition
    • Chapter 2: Research Methodology of Microfluidics Market
    • Chapter 3: Microfluidics Market Executive Summary
    • Chapter 4: Microfluidics Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Microfluidics Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Microfluidics Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Microfluidics Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Microfluidics Market

     

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