Microfluidic Devices Market Size, Share and Growth Forecast

In 2021, the microfluidic devices market was valued at $14,218.6 million, which is set to progress at a compound annual growth rate of 17.3% between 2021 and 2030, to hit $59,785.3 million value by 2030. The growth of the industry is being fueled by the development of sophisticated labs-on-a-chip, low-sample-volume in-vitro diagnostics (IVD), and high-throughput screening techniques.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/microfluidic-devices-market/report-sample

The polymer category led the industry with an over 60% share in the past. Polymers have seen a substantial surge in utilization, particularly in the fast prototyping of microfluidic systems, which is attributed to the materials' simplicity in product manufacturing and low cost.

Moreover, the consumption of glass, which was ranked second in the past in terms of value, is predicted to grow at a rate of over 18%. Most analytical applications employing glass-based equipment involve high temperatures and organic solvents.

Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=microfluidic-devices-market

The capacity to alter the nature of bioparticles, including DNA, cells, and molecules, at the micro level makes microfluidic devices crucial for many biological and chemical studies. The biggest benefits of microfluidics in genomics are improved test speed, lower reagent use, more effectiveness, and smaller device sizes.

North America, which holds an over 40% share in the market, is predicted to dominate the industry in the future. This is owing to the fast acceptance of cutting-edge technologies by major users. Additionally, the expansion is projected to be fueled in the U.S. by the rising R&D activity and the existence of major companies.

One of the most-alluring platforms in the diagnostics industry is the microfluidic system. Its acceptance is driven by the aging population, growing health and wellness consciousness, increasing prevalence of chronic diseases, availability of attractive insurance plans, and technological advancements.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.