Microfluidic Devices Market Survive to Reach 19.7% of CAGR By 2024 | MRFR

The Microfluidic Devices Market report titled “Microfluidic Devices Market Research Report- Global Forecast To 2024” is an expert analysis report which summarizes Market Scenario by major Indications, Applications, Material and Products in-depth.

Microfluidic Devices are gaining fast traction due to its widespread utility in life sciences, pharmaceuticals, and increasing point of care testing demand. Its proliferation across verticals would help the microfluidic devices market gain considerable ground with an astounding 19.7% CAGR during the forecast period (2016-2024). Market Research Future (MRFR) in their report analyzes drivers such as an increase in point of care testing, treatment efficiency, growing commercial and analytical application and use of microfluidic products for miniaturization of the chip. These factors can bolster the microfluidic devices market during the forecast period. Its facilities such as easy integration of automation in the process ensure multi-step reactions that would require low skill level and deliver multifarious functionalities.

On the flip side, the imposition of regulations on the sector by governments can act as a market deterrent. This would elongate the process of new product launch which can affect the sector considerably. However, its far-reaching impact can persuade governments in taking exceptional measures which would steer away from the microfluidic devices market from any long-term adverse impact.

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Global Microfluidic Devices Market - Industry News

April 2014 - Roche acquired IQuum for USD 275 million upfront and USD 175 million in contingent product liabilities, which is poised to strengthen its offerings in molecular diagnostics microfluidic devices. Roche marks the entry in point of care molecular diagnostics devices.

January 2014 - bioMérieux, acquired BioFire Diagnostics Inc., maker of automated PCR molecular biology systems.

Nov 2016 - Danaher Corporation acquired Cepheid.

Jun 2016 - Luminex Corporation acquired Nanosphere, Inc.

Global Microfluidic Devices Market - Key Players

Some of the major players in this market are:

Bio-Rad Laboratories, Inc.
Hoffmann-La Roche AG
Raindance Technologies, Inc.
Agilent technologies, Inc.
Siemens Healthcare GmbH
Dolomite Centre
Fluidigm Corporation
Micronit microfluidics

Global Microfluidic Devices Market - Segmentation

Microfluidic Devices Market has been segmented on the basis of industry, which comprises of in-vitro diagnostics, pharmaceutical, medical devices. On basis of the materials, market is segmented into polymer, glass, silicon. On the basis of the application, the market is segmented into clinical, and veterinary diagnostics, point of care, analytical devices, drug delivery, environmental, and industrial applications. On the basis of geographic region, the microfluidic devices market is segmented into three key regions: North America, Europe, and Asia.

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Global Microfluidic Devices Market - Regional Analysis

The Global Microfluidic Devices Market is segmented into North America, Europe, and Asia Pacific.

North America was leading market player across the globe in 2016 and is expected to reach USD 4.88 billion by the end of the forecasted period.

Europe is the second largest region in the Global Microfluidic Devices Market, which is expected to grow at a CAGR of 22.8%.

Asia Pacific region is expected to be the fastest growing region in the global microfluidic devices market.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics


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Release ID: 432031