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Report explores the global microfluidics market forecast to 2024

The Microfluidics Market accounted to USD 3.1 billion in 2016 growing at a CAGR of 19.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global  Microfluidics Market By Material (Polymer-Based Microfluidics, Glass-Based Microfluidics, Silicon-Based Microfluidics, Others), By Components (Micropumps, Micronizzles, Microvalves, Micromixers, Microreactors), By Industry (Pharmaceuticals (Microfluidic Chips for Lab Analytics, Accurate Dispensing Devices, Microreactors for Drug Synthesis), Drug Delivery Devices (Inhaler Nozzles, Microneedles, Micropumps), In-Vitro Diagnostics (Clinical Diagnostics, Point of Care, Environmental Testing, Industrial Testing, Agro Food Testing)), By Application (Drug Delivery, High-Throughput Screening (Genome Analysis, Assays, Lab Automation), Point of Care, Life Science Research (Proteomics (High Pressure Liquid Chromatography, Immunoassay), Clinical Daignostics), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Microfluidics is the study of behavior of fluids, precise control, manipulation fluids which are geometrically constrained.

Major Market Drivers and Restraints:

  • Increase in demand of point-of-care testing
  • Advancement in Biochips
  • Increased applications
  • Alternative technologies
  • Low acceptability due to high costs

Microfluidics Market Segmentation:

By material the market for microfluidics is segmented into polymer-based microfluidics, glass-based microfluidics, silicon-based microfluidics, others.

 By components the microfluidics market is segmented into micropumps, micronizzles, microvalves, micromixers, microreactors. On the basis of industry the market is segmented into pharmaceuticals, drug delivery devices, and in-vitro diagnostics.

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The pharmaceutical segment is sub-segmented into microfluidic chips for lab analytics, accurate dispensing devices, microreactors for drug synthesis. The In-viro diagnostics segment is sub-segmented into clinical diagnostics, point of care, environmental testing, industrial testing, and agro food testing and drug delivery devices segment is further sub-segmented into inhaler nozzles, microneedles, micropumps.

On the basis of application the mircofluidics market is segmented into drug delivery, high-throughput screening, point of care, life science research, and clinical diagnostics.

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Based on geography, the market is segmented into five geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific(APAC)
  • Middle East and Africa(MEA)

The Global  Microfluidics Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in microfluidics market are Agilent Technologies

  • Becton
  • Dickinson And Company
  • Bio-Rad Laboratories, Inc
  • Caliper Life Sciences
  • Cepheid
  • Eksigent Technologies
  • Fluidigm, Perkinelmer, Inc
  • Hewlett-Packard
  • Intelligent Micro Patterning Llc
  • Microfluidic Systems Inc
  • Micronics
  • Micronit Microfluidics Bv
  • Orchid Cellmark
  • Raindance Technologies
  • Roche Diagnostics

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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your inquiry.

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