openPR Logo
Press release

Microfluidics Market will Reach at a CAGR of 11.4% from 2016 to 2024

07-05-2018 02:51 PM CET | Health & Medicine

Press release from: Transparency Market Research

Microfluidics Market will Reach at a CAGR of 11.4% from 2016

The global microfluidics market has been envisioned in a report by Transparency Market Research (TMR) to mark the presence of a number of internationally recognized companies, leaving the competitive landscape highly consolidated. Thermo Fisher Scientific, F. Hoffman-La Roche AG, and Danaher Corporation are the three leading companies that attained a maximum share of 53.0% in 2016. They could look to continue with their dominance in the market by strengthening their regional presence and widening their product portfolios. In this regard, you also could see other companies focusing on the launch of technologically developed offerings to cater to various applications including medical diagnostics, therapeutic devices, and drug discovery.

TMR has prognosticated the global microfluidics market to rise at an 11.4% CAGR between 2017 and 2025. By 2025, the market could be valued at a US$12.45 bn. In 2016, it gained a valuation of US$4.76 bn. In terms of product, the market has been expected to crown cartridges and reagents as a leading segment anticipated to expand at a 12.2% CAGR. By geography, the market could witness the lead secured by North America considering its larger revenue of US$1.7 bn earned in 2016.

Obtain Report Details @ https://www.transparencymarketresearch.com/microfluidics-market.html

Sales of Microfluidics Platforms Stem from Demand for Cost-effective Diagnostic Procedures

The demand for cost-efficient diagnostic procedures that require small-sized medical equipment and involve budget usage of reagents has been foreseen to stimulate the sales of microfluidics platforms. Analysts have observed the market to testify of the advent of several product innovations including inexpensive point-of-care testing, which could help companies to obtain a strong share in the near future. Thus, the rising demand for economical microfluidics to be used in point-of-care settings has been predicted to be a significant factor augmenting market growth.

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

Especially in developing countries of Asia Pacific, you could see clinicians and patients alike being incalculably benefited with the introduction of cheap point-of-care diagnostics receiving support from microfluidics technologies. As the incidence of chronic diseases such as cancer, diabetes, and cardiovascular continues to surge, the requirement of low-cost point-of-care diagnostics has been projected to increase simultaneously, promising the world microfluidics market a continuous boost in growth.

Longer Approval of Microfluidics Adversely Affects Market Earnings

The extortionate cost of instruments has been prophesied to threaten the demand for microfluidics in the coming years. Furthermore, prolonged approval procedures of notable agencies such as the FDA could have a negative impact on the market.

However, besides the launch of inexpensive microfluidics for point-of-care testing, increasing research and development in the field has been foretold to create scores of opportunities in the foreseeable future. Most research and development activities could be assigned for the discovery of innovative drug delivery methods. The growth of the international microfluidics market has been envisaged to be further improved with several leading companies stepping into collaborations. Manufacturers have also been observed to use polymers for reducing the manufacturing cost of advanced microfluidics.

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: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Microfluidics Market will Reach at a CAGR of 11.4% from 2016 to 2024 here

News-ID: 1112085 • Views: 168

More Releases from Transparency Market Research

Sterilizers and Surgical, Dental Care and Equipment Disinfectors Market Analysis …
The India sterilizers and surgical, dental care and equipment disinfectors market features the presence of several players that are either indigenous, or are global players that have a subsidiary company in this market, finds Transparency Market Research (TMR) in a new report. Technological advancements to strengthen their product offering is the key focus of top players in the India sterilizers and surgical, dental care and equipment disinfectors market. To attain this,
Kidney Cancer Drugs Market is Set to Grow According to Latest Research
The vendor landscape of the kidney cancer drugs market is largely consolidated and competitive in nature. Major players operating in the market are focusing on clinical collaboration and commercial expansion to tap several opportunities present in the market. Stringent governmental regulation makes this market tough for small players. Small player in the market are launching several bio-similar products in order to satisfy increasing demand from the emerging
Anxiety Disorders and Depression Treatment Market Incredible Potential, Stagnant …
With anxiety disorders and depression becoming a substantial public health burden, efforts are increasingly afoot to reduce their impact. A large part of this endeavor entails the use of anxiolytics and antidepressants, which will augur well for the global anxiety disorders and depression treatment market. According to a new report published by Transparency Market Research, the global anxiety disorders and depression treatment market will log a 1.25% CAGR to go
Biological Drugs Market to Explore Emerging Trends of Coming Years
The global biological drugs market is anticipated in a report by Transparency Market Research (TMR) to gain immensely from billions of dollars of investment from pharmaceutical companies attracted to lucrative business opportunities available in biologics. In order to take large strides in their market and the prime mover advantage, pharmas such as Bristol-Myers Squibb and Eli Lilly and Company have already made massive biologics investments. Biopharma-related partnerships are said to

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small