The report presents a lucid picture of the current Microfluidics industry landscape, including the historical and projected market size, based on value, technological innovations, micro- and macroeconomic components, and governing factors in the market. Rapid developments in the biomedical, pharmaceutical, and biotechnology industries have contributed to the inadequate application of microfluidics technologies within the current healthcare structure.
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.Owing to the emergence of new technologies such as digital Microfluidics, demand for microfluidic-based instruments is projected to grow.This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Microfluidics sector in a strategic manner.
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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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.Microfluidics Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the Microfluidics .
The fast and reliable response, non-requirement of advanced equipment, low cost, and portability would all be critical factors in the growth of the diagnostic section Point-of-care (POC).The demand for microfluidic-based pumps is projected to see substantial growth in the forecast timeframe as microfluidic systems are increasingly 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 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 related microfluidics is projected to witness healthy development over the forecast timeline. The industry boosting aspect would be the wide variety of applications of polymer-based Microfluidics in the area of tissue engineering, medicine, and biology.
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Radical Highlights of the Microfluidics Market Report:
Comprehensive overview of the Microfluidics market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the Microfluidics market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
For the purpose of this report, Emergen Research has segmented into 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)
Application Outlook (Revenue: USD Billion; 2017-2027)
- Continuous flow microfluidics
- Optofluidics and Microfluidics
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Highlights of the Microfluidics Market Report:
This research report focuses on the Microfluidics Market overview, market share, demand and supply ratio, and import/export details, supply chain analysis, and others.
The report includes different approaches and procedures used by established market players for efficient business decisions.
The report offers detailed information regarding the production value, strategies adopted by the key market players, their products/services offerings, and many more.
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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