Press Releases
 
Microfluidics Market Estimated to Expand at a 11.4% CAGR through 2025

, 13 February 2018 -- Microfluidics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

The global microfluidics market features a largely consolidated landscape, attributed to the marked presence of several globally prominent players. The top three players held a market share of 53.0% in 2016, finds Transparency Market Research (TMR). These leading players are Danaher Corporation, F. Hoffman-La Roche AG, and Thermo Fisher Scientific. They are broadening their product portfolio and consolidating their geographic presence, in a move to stay ahead of the pack, notes TMR. Several companies in the market are also focused on launching technologically-advanced products for a wide range of applications in areas such as drug discovery, therapeutic devices, and medical diagnostics. Such product innovations which includes low-cost point-of-care testing help them gain a significant share in the overall market.

According to TMR, the global microfluidics market is projected to expand at CAGR of 11.4% from 2017 to 2025. The global market for microfluidics stood at US$4.76 bn in 2016 and is forecast to touch a valuation of US$12.45 bn by the end of 2025.

The various product types are microfluidic chips, cartridges and reagents, and instruments. Of these, the cartridges and reagents segment is predicted to lead the market and is estimated to garner a CAGR of 12.2% during 2017–2025. The dominance of the segment can be attributed to the vastly rising demand for these in assays and techniques.



Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18716

Geographically, North America leads the global market and is predicted to account for a major share by the end of the forecast period. The launch of a wide range of novel technologies in point-of-care testing methods and the extensive demand for in-vitro diagnostics are key factors accentuating the growth of the regional market. Meanwhile, Asia Pacific is set to rise at a promising pace during the assessment period.

Demand for Low-Cost Point-Of-Care Testing Methods to Bolster Uptake

The drive for the sales of microfluidics platforms stems from a substantial demand for cost-effective diagnostic procedures that ensure economical use of reagents and require small-sized medical devices. The growing demand for low-cost microfluidics in the point-of-care settings is a notable factor boosting the market. In addition, the rising popularity of point-of-care testing for the diagnosis of a number of chronic ailments, including cardiovascular ailments, diabetes, and cancer is boosting the market. The advent of low-cost point-of-care diagnostics supported by microfluidics technologies has immensely benefitted patients and clinicians alike, notably in various emerging economies of Asia Pacific.

The burgeoning geriatric population in several developing and developed nations is stoking the need for microfluidics platforms that offer rapid and reliable diagnosis. Furthermore, the rapid strides made by genomics and proteomics in recent years is a notable factor providing a robust fillip to the growth of the market.

Download Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18716

Research Activities to Develop Better Drug Delivery Methods to Open Lucrative Avenues

The protracted approval processes by various regional agencies, notably the U.S. FDA, has adversely affected the earnings of the market in recent years. Coupled with this, the elevated cost of instruments is a crucial factor likely to impede the growth of the market to an extent. Nevertheless, the use of polymers in the manufacturing of advanced microfluidic products is likely to bring the final price of microfluidics, which augurs well for the market.

In addition, a number of dynamic collaborations entered into by leading players is a significant factor expected to accentuate the growth of the market. In addition, R&D activities related to novel methods of drug delivery is anticipated to positively impact the global microfluidics market.

The advent of low-cost microfluidics for point-of-care testing is expected to present lucrative avenues for market players in the coming years.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=18716

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:
Website: http://www.transparencymarketresearch.com

# # #


Submitted by Sandy Researcher, Transparency Market Research on Tuesday, 13 February 2018 at 6:18 PM
Category: Health Care & Medical
 
Related News

Steroid users can now get the latest news and report from the approved online retailer
Saturday, 15 Dec 2018

Promotion Tips for Plastic Surgery treatment
Friday, 14 Dec 2018

Global Pharma Excipients Market to Witness Growth by Top Vendors
Friday, 14 Dec 2018

Global Point-Of-Care Testing (POCT) Market Growing At A CAGR Of 9.4% During 2018 - 2025
Friday, 14 Dec 2018

Global Medical Microbiology Testing Technologies Market Booming with the Major Players
Friday, 14 Dec 2018

Related Events

8th Annual Echo on Marco Island: Case-Based Approach
Monday, 17 Dec 2018

Imaging in Beaver Creek
Monday, 7 Jan 2019

Cardiology Update at Puerto Vallarta: A Focus on Prevention
Monday, 7 Jan 2019

BIOTECH SHOWCASE 2019 - 11th Annual Partnering Conference
Monday, 7 Jan 2019

Mayo Clinic Radiation Oncology: Current Practice and Future Direction
Monday, 7 Jan 2019

Latest News

MusConv.com Wins Global Applause For Seamless YouTube To Spotify Conversions
Sunday, 16 Dec 2018

Dance Jewelry Online – Best Place To Buy Dance Jewelry and Costumes
Sunday, 16 Dec 2018

New sleek, hand-held, cleansing bidet for women AND men is now available for funding at Indiegogo
Sunday, 16 Dec 2018

Know What To Wear While Doing Bharatnatyam
Sunday, 16 Dec 2018

Glowing Beauty Duo – Get Younger Skin in 14 Days
Sunday, 16 Dec 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Monday, 17 December 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 8th Annual Echo on Marco Island: Case-Based Approach
  • Palo Alto Networks: Holiday Happy Hour
  • Palo Alto Networks: A More Secure Everywhere
  • Palo Alto Networks: CYBER TUESDAY – CYBER SECURITY BEST PRACTICES – LEVEL 1
  • Palo Alto Networks: Ultimate Test Drive - UTD Public Cloud: mix of the current AWS UTD and Hack

  • Latest Jobs
    Sorry, there are currently no entries posted here.