Global Microfluidics Market Projected to Surpass Valuation of $13.9 billion by 2022-End


Published on : Jun 13, 2018

Albany, New York, June 13, 2018: A recent study, focusing on the global demand for microfluidics has been broadcasted to the wide repository of Market Research Hub (MRH), with the title of “Microfluidics: Technologies and Global Markets”. The study offers a complete outlook on global microfluidics market’s development until the end of 2022 in terms of revenue (in US$ Mn) and CAGR. Furthermore, the geographical segmentation is also encompassed in the report which analyzes the scope of the market in different regions including North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Insights from the Study

Microfluidics deals with the behavior, control, and manipulation of fluids in a geometrically constrained scale. In the present time, due to the solid demand for quicker, cheaper, and decentralized diagnostics, and its increasing use in molecular diagnostics, the market for microfluidics is expected to witness healthy growth during the forecast period. According to the research prime evaluations, the global market for microfluidic technologies reached $6.8 billion in 2017 and should reach approximately $13.9 billion by 2022, at a compound annual growth rate of 15.3% for the period of 2017-2022.

In the initial section, the research study focuses on a detailed overview of the market including the drivers that are helping the growth of the market, restraints that are limiting the market and new trends that are following the global microfluidics market. It has been observed during the research that the market is flourishing owing to the increasing demand of the point-of-care (POC) market. Point-of-care testing is necessary to provide a quick diagnostic result for a prompt on-site diagnosis and treatment. To provide better and accurate results, a thorough evaluation of the technical and business environments surrounding the emerging microfluidic systems market has been presented in the study.

As the report proceeds, the study of the current and potential applications of the technologies impacting market has been offered to the readers. Apart from the geographical segregation, the research further broadly categorizes the market data on the basis of major end-user markets and applications. Major end-user include High-Throughput Screening (HTS) and compound profiling, drug delivery/medical, defense and public safety, diagnostic and point-of-care (POC) testing, inkjet printing, chemical analysis and proteomics.

Above all, company profiles of the market participants are deliberated in the final chapters of the report. This information is merged with awareness about recent developments achieved by these market participants. Key players in the global microfluidics market include Microfluidic Systems Inc., Advion Inc., Agilent Technologies Inc., Abbott Laboratories, Bio-Rad Laboratories, Hp Inc., Issys, And Thermo Fisher Scientific.

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