Microfluidic Devices Market Survey 2018-2023 Focusing To Grow at 19.7% of CAGR in Terms of Revenue with Top Industry Vendors like Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Abbott, Agilent technologies, Inc., Cepheid, Siemens Healthcare GmbH, Do

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.

Microfluidic devices exploit the physical and chemical properties of liquids and gases at the micro scale. It offers lot of benefits over conventionally sized systems. It helps to execute many operations at the same time due to their compact size, shortening the time of experiment. It also has an excellent data quality and substantial parameter control which automate the process, while preserving the performances. The microfluidic chip is elaborated so that the incorporated automation allows the user to generate multi-step reactions requiring a low level of expertise and a lot of functionalities. They have the capacity to both process and analyze samples with minor sample handling. The microsystems execute functions which extend from detecting toxins to analyzing DNA sequences.

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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.

Global Microfluidic Devices Market - Key Players

Some of the major players in this market are:

Bio-Rad Laboratories, Inc.
Hoffmann-La Roche AG
Abbott
Raindance Technologies, Inc.
Agilent technologies, Inc.
Cepheid
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.

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.

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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

Continued….

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