According to the latest report published by Credence Research, Inc. “Microfluidics Market was valued at US$ 3.0 Bn in 2016, and is expected to reach US$ 13.9 Bn by 2025, expanding at a CAGR of 18.6% from 2017 to 2025.
Credence Research, the leading business intelligence provider, has published its latest research, „Microfluidics Market 2025″, which gives insights into Microfluidics in the Global market. The report determines the market size for 2018, along with forecasts until 2025. It is built using data and information sourced from exclusive databases, primary and secondary research, and in-house analysis carried out by Credence Research’s team of industry experts.
Market Insights:
Microfluidics is the science of manipulating and controlling fluids inside micrometer-size channels. The application of microfluidics ranges from diagnostics to the pharmaceutical research. Microfluidics is gaining high acceptance in the healthcare application due to rise in demand for point-of-care testing (POCT) and in-vitro diagnostics. On the basis of application, the global microfluidics market is majorly segmented into pharmaceutical research and in-vitro diagnostics. The pharmaceutical research segment is further sub-segmented into proteomic analysis, genomic analysis, cell-based assays and drug delivery. The in-vitro diagnostic segment is further categorized into point-of-care testing, clinical diagnostics, environmental testing and industrial testing.
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The global microfluidic market on the basis of material has been segmented into polymer-based microfluidics, glass-based microfluidics, silicon-based microfluidics, and others. Polymer-based microfluidics held the largest market in 2016 due to higher reliability, and rising application in different diagnostic areas such as membrane protein measurement, collect tumor cells and others. Silicon-based material is expected to grow at the highest rate during the forecast period due to increasing introduction of point of care (POC) testing. Moreover, it’s easy to handle and is more cost effective.
Leading Players:
The microfluidic market currently possesses biotechnology giant having their products marketed. However, most of the companies are located in the North America, Europe and others developed regions. The companies have untapped opportunities in the developing regions of Asia Pacific and Latin America. The companies include Agilent Technologies, Illumina, Inc., Danaher Corporation, Bruker Corporation, Thermo Fisher Scientific, Water Corporation, Shimadzu Corporation and others.
Scope
- The report presents the brief overview of Microfluidics Market including business description, key information and facts, and its locations and subsidiaries
- The report features product description and descriptive mechanism of action for key products along with the products developmental history and major milestones
- Special feature on out-licensed and partnered product portfolio
- The report summarizes all the dormant and discontinued projects
- Latest company statement
- Latest news and deals relating to the Microfluidics products
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Research methodology
The following research methods were used in this report:
- Desk study
- A questionnaire survey among specialty retail chains
- Analyzing statistical data released by the Federal Customs Service
- Desk study sources include materials taken from print and online media conference materials.
Reasons to Buy
- The report provides information about technology solutions needed for the implementation of Microfluidics projects, and allows readers to make effective business decisions
- The report helps readers to strengthen strategic framework by understanding the business benefits to be achieved through Microfluidics solutions
- The report highlights projected investment on Microfluidics over the next two years. This will help organizations to allocate budget towards Microfluidics implementation and business expansion
- The report helps executives plan their adoption of Microfluidics by providing expected timeframes for implementation
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