Global Microfluidic Devices Market - Overview

A microfluidic device is a well-accepted technology and has several applications. The technology allows integration of many medical tests on a single chip. It has become an essential technology for integration, industrialization, miniaturization and parallelization of various tests in the fields of diagnostics, drug development and biological research. The technology also helps in reducing the side effects and improving the efficacy of treatment. New microfluidic methods are used for evaluating drugs and manipulating cells for the treatment of diseases related to heart and cancer

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Globally, the market for microfluidic devices is gaining significant importance due to growing R&D investment in life sciences, pharmaceuticals, increasing point of care testing demand and An increase in point of care testing, as an effective method for delivery of treatment, has also led to increase in the demand for microfluidic devices in the global market

Some other factors driving the microfluidic devices market are rise in the commercial and analytical application of these devices and use of microfluidic products for miniaturization of chip.

Moreover some of the challenges faced by the market are adherence to stringent regulatory requirements to decelerate growth and geometrical and surface chemistry issues.

The use of microfluidic devices has been gaining importance into recent classification of research areas that target integration of laboratory protocols into miniaturized devices known as lab on chip.

This process includes many steps such as mixing, pre-treatment, reaction, separation, and pre-concentration. These processes help to reduce the cost and consume less reagent/sample, which is further helpful in various medical diagnosis with the help of blood drop. The miniaturization technique is expected to drive the microfluidic devices market, as this technique helps to reduce the overall cost of screening the compounds for cell biology problems by the pharmaceutical companies. Also the miniaturization technique helps in the reduction of analysis time and carry parallel assay in microfluidic devices, which is further expected to support the growth of this market.

Competitive Analysis:

Hoffmann-la Roche AG, Abbott laboratories, Siemens healthcare GMBH, Agilent technologies, Inc., Fluidigm corporation, bio-rad laboratories, ink, Cepheid, Raindance technologies, Inc., Dolomite centre, Micronit microfluidics, Johnson & Johnson, Becton, Dickinson and Company, These are some of the prominent players at the forefront of competition in the Global Microfluidic Devices Market..

Global Microfluidics Device Market – Segments

The MRFR analysis is segmented into four key dynamics for the convenience of understanding;

By Application: Drug Delivery, Pharmaceutical, Analytical Device, Environmental & Industrial, and Life Science Research.

By Industry: Microfluidics and Microfluidic Devices and others.

By Material: Glass, Polymer, and Silicon.

By Regions: North America, Europe, APAC, and the Rest-of-the-World

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Regional Analysis:

North America is the largest market for microfluidic devices in 2015 with the U.S. clearly in the lead position. The faster uptake of technology, large biotech industry of the U.S., presence of large global players, growing prevalence of infectious diseases which is propelling the molecular diagnostics industry and other factors are driving the U.S. market.

Europe is the second-largest market as well as the second fastest growing region during the forecasted period led by Germany, U.K. and France. Asia is expected to be the fastest growing region with a CAGR of 22.8% during the forecast period of 2016 to 2024. Asia Pacific region is expected to be led by Japan followed by China, South Korea and India.

The Middle East and Africa market is expected generate slower growth on account of poor biotech and pharmaceutical industry and low demand due to poor socio-economic conditions.

Major TOC of Global Microfluidics Device Market Research Report -Forecast to 2024:

1 Report Excerpts

2 Market Definition

3 Research Methodology

4 Forecast Indicators

5 Market Analysis

6 Microfluidic device, Market Value & Volume Forecast (2011-2024)

7 Microfluidic device, by Industry Market Value & Volume Forecast (2011-2024)

8 Microfluidic device, by Application Market Value & Volume Forecast (2011-2024)

TOC CONTINUED…!

View more Information about This Report at https://www.medgadget.com/2018/11/microfluidic-devices-market-racing-to-a-heightened-growth-with-cagr-of-19-7-till-2023-reveals-mrfr.html

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