Microfluidics Market Destine to Reach US$ 70.93 Billion at a CAGR of 15.01% with Forecast by 2030

Microfluidics market analysis report contains all the company profiles of the major players and brands. Because businesses can achieve great benefits with the different segments covered in the market research report, every bit of market that can be included here is touched carefully. This comprehensive market report additionally encompasses predictions utilizing a practical arrangement of uncertainties and techniques. An analytical assessment of the competitors provides a clear idea of the most important challenges faced by them in the existing market and in upcoming years. An expert team analyses and forecasts this market data using well established market statistical and coherent models in the first class Microfluidics market report.

The top notch Microfluidics market research document contains wide-ranging and comprehensive market insights which are based on business intelligence. The market is expected to witness growth during the forecast period due to growing demand at the end user level. Besides, the report illustrates the CAGR values for the historic years 2021, the base year 2022, and the forecast for the years 2023-2029. This market report provides statistics on the current state of the industry as a helpful source of assistance and direction for companies and investors interested in this market. Microfluidics business report puts a light on several aspects related to industry and market.

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Leading Key Players Operating in the Microfluidics Market Includes:

Danaher (U.S.)
Thermo Fisher Scientific Inc. (U.S.)
PerkinElmer Inc. (U.S.)
Agilent Technologies Inc. (U.S.)
Bio-Rad Laboratories Inc. (U.S.)
BD (U.S.)
Illumina, Inc. (U.S.)
Hoffmann-La Roche (Switzerland)
Fluidigm Corporation (U.S.)
Dolomite Microfluidics (U.K.)

Key Market Analysis and Insights:

According to GLOBOCAN 2020, there were 19,282,789 new cancer cases worldwide in 2020, with a projected increase to 28,887,940 cases by 2040. As a result, global cancer incidence and modern healthcare facilities have been major drivers of market growth. ​​Furthermore, market participants have broadened their diagnostic platforms to include POC on microfluidic devices. As a result of the expansion of the range of POC diagnostics, there will be a significant expansion in microfluidics, which may enable the development of new devices.

Data Bridge Market Research analyses that the microfluidics market which was USD 23.17 billion in 2022, is expected to reach USD 70.93 billion by 2030, at a CAGR of 15.01% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Global Microfluidics Market Scope and Market Size

The microfluidics market is segmented on the basis of product type, material, technology, application, sector and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Microfluidic-based devices
Microfluidic Components
Microfluidic chips
Flow and pressure sensors
Flow and pressure controllers
Microfluidic valves
Micropumps
Microneedles
Components

 Material

Polymer
Glass
Silicon
Metal
Ceramics
PDMS
Other

 Technology

Medical/Healthcare
Non-medical

 Application

In Vitro diagnostics
Clinical diagnostics
Point-of-care testing
Veterinary diagnostics
Point-of-Care Testing
Clinical Diagnostics
Pharmaceutical Research
Lab Analytics
Proteomics
Genomics
Cell-based assays
Capillary electrophoresis
Microdispensing
Microreaction
Drug Delivery
Laboratory Testing
Analytical Testing
High Throughput Screening

 Sector

Industrial
Healthcare
In-vitro Diagnostics
Environmental Research
Clinical Diagnostics

 End User

Hospitals and Diagnostic Centers
Academic and Research Institutes
Pharmaceutical and Biotechnology Companies

Microfluidics Market, By Region:

Global Microfluidics market is analyzed and market size insights and trends are provided by country, product as referenced above.

The countries covered in the Microfluidics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the Microfluidics market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.

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Global Microfluidics Market Dynamics

Drivers

Increased the demand for microfluidics tools

The global increase in COVID-19 cases has increased the demand for microfluidics tools. PCR is used in many approved tests, making it a preferred technique for COVID-19 diagnosis. To combat the increasing number of COVID-19 cases worldwide, several manufacturers have introduced products and increased production to meet the growing demand for IVD tests. When combined with microfluidics, the PCR technique can be accelerated, resulting in faster test results with high accuracy (from approximately 1 hour to less than 10 minutes). For instance, BeforCure, an Elvesys spin-off company, developed an ultra-fast PCR-on-chip system for virus detection. This product is based on Fastgen technology and takes advantage of microfluidics to provide test results in less than 30 minutes. Moreover, several studies are being conducted to evaluate the use of microfluidics in COVID-19 detection via PCR. These are the certain factors which help the market to grow.

Rise in demand of Point-of-care diagnostics (POC)

Point-of-care diagnostics (POC) is believed to be an important part of healthcare, particularly in disease diagnosis. Microfluidics technology is ideal for point-of-care diagnostics. This technology has the potential to provide rapid and affordable point-of-care diagnostic tools to aid in the COVID-19 pandemic. The demand for point-of-care molecular diagnostics is expected to increase in the future because point-of-care diagnostics enable the early detection of disease,

What are the market opportunities, market risks, and market overviews of the Microfluidics Market?

Who are the distributors, traders, and merchants in the Microfluidics Market?
What is the analysis of sales, income, and prices of the leading manufacturers in the Microfluidics Market?
What are the Microfluidics market opportunities and threats faced by the global Microfluidics Market vendors?
What are the main factors driving the worldwide Microfluidics Industry?
What are the Top Players in Microfluidics industry?
What is the analysis of sales, income, and prices by type, application of the Microfluidics market?
What is regional sales, income, and price analysis for Microfluidics Market?

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022-2029? What will be the market size during the estimated period? What are the key driving forces responsible for shaping the fate of the Energy Harvesting System market during the forecast period? Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Energy Harvesting System market? What are the prominent market trends influencing the development of the Energy Harvesting System market across different regions? What are the major threats and challenges likely to act as a barrier in the growth of the Energy Harvesting System market? What are the major opportunities the market leaders can rely on to gain success and profitability?

Table of Contents -

Global Microfluidics Market Size, status and Forecast

1 Market summary
2 Manufacturers Profile
3 Global Microfluidics Sales, Overall Revenue, Market Share and Competition by Manufacturer
4 Global Microfluidics market analysis by numerous Regions
5 North America Microfluidics by Countries
6 Europe Microfluidics by Countries
7 Asia-Pacific Microfluidics by Countries
8 South America Microfluidics by Countries
9 Middle east and Africa's Microfluidics by Countries
10 Global Microfluidics Market phase by varieties
11 Global Microfluidics Market phase by Applications
12 Microfluidics Market Forecast
13 Sales Channel, Distributors, Traders and Dealers
14 Analysis Findings and Conclusion
15 Appendix

Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-microfluidics-market

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