VANCOUVER, B. C., Sept. 22, 2020 /PRNewswire/ -- The Global
Microfluidics Market is expected to reach USD 29.43 Billion by 2027, according to a new
report by Emergen Research. Increasing usage of microfluidics to
enhance healthcare, enabling early identification of pathogens,
expanded flexibility, and simple tracking to target underserved and
remote communities would fuel demand development for the
Microfluidics market.
The installation of microfluidics technology into existing
systems will be a major restraining factor in market growth. Rapid
developments in the biomedical, pharmaceutical, and biotechnology
industries have contributed to the inadequate application of
microfluidics technologies within the current healthcare
structure.
The demand for microfluidic-based pumps is projected to see
substantial growth in the forecast years as microfluidic systems
are increasingly being used in laboratory settings to conduct a
wide variety of applications, such as evaluating characteristics
such as pH, chemical bonding coefficients, viscosity, and other
applications for cell manipulation. The fast and reliable response,
non-requirement of advanced equipment, low cost, and portability
are predicted to be critical factors in the growth of the
diagnostic section point-of-care (POC).
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Key Highlights From The Report
- The medical technology led the revenue-based market.
Microfluidics offers POC diagnostics with three key benefits:
quicker processing times, smaller sample sizes, and reduced test
costs. Such advantages are being utilized slowly to establish POC
instruments for the treatment and prevention of different
illnesses, from cancer to infectious diseases.
- The demand for polymer-based microfluidics is projected to
witness healthy development over the forecast timeline. A major
factor boosting market growth would be the wide variety of
applications of polymer-based microfluidics in the area of tissue
engineering, medicine, and biology.
- The laboratory-on-a-chip category accounted for a large share
of the microfluidics industry in 2019 and is projected to retain
its supremacy throughout the forecast period. Lab-on-a-chip offers
fast detection speed and also helps the DNA probes to be sequenced
easily.
- North America dominated the
market for microfluidics in 2019. The region's consistent focus on
cost-effective and innovative procedures that are adopted in the
area is driving the market. The North
America region held approximately 39.8% of the market,
followed by the Asia Pacific, in
the year 2019
- Key participants include Fluidigm Corporation, F. Hoffmann-La
Roche Ltd., Agilent Technologies Inc., Bio-Rad Laboratories Inc.,
Abbott Laboratories Thermo Fisher Scientific, Micronit Micro
Technologies B.V., Life Technologies Corporation, Danaher
Corporation, Illumina Inc., and PerkinElmer Inc, among others.
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For the purpose of this report, Emergen Research has segmented
the Global Microfluidics Market on the basis of technology,
material, application, and region:
Technology Outlook (Revenue: USD Billion; 2017-2027)
Material Outlook (Revenue: USD Billion; 2017-2027)
- Silicon
- Glass
- Polymer
- PDMS
- Others
Application Outlook (Revenue: USD Billion; 2017-2027)
- Lab-on-a-chip
- Organs-on-chips
- Continuous flow microfluidics
- Optofluidics and Microfluidics
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. U.K.
3. France
4. Benelux
5. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. Rest of MEA
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