Microfluidic Devices Market Growing At A CAGR Of 22.4% From 2021 To 2031

The technology uses channels with micrometer-sized dimensions to process and manipulate tiny volumes of liquid. Microfluidic devices have the potential to be of enormous commercial significance given recent developments in the biotechnology field. The market is being driven by factors like the increased demand for POC testing, the high incidence rate of lifestyle diseases, technological advancements, a greater emphasis on data precision and accuracy, quick returns on investment, and quicker testing and improved portability through microfluidic chip miniaturization. Additionally, the development of private-sector hospitals into rural regions in many nations, the growing geriatric population, increased investments in the healthcare sector, rising demand for cutting-edge technologies, and more have all encouraged the rise of microfluidic devices.

Overview:

The market for medical microfluidic devices is anticipated to grow during the projected period due to its ease of manufacture and customization, as well as their capacity to correctly and accurately manipulate bioparticles moving in the given fluid samples. It is conceivable for microfluidic devices to offer consistent, effective results with a tiny percentage error while simultaneously displaying high efficiency and quality. As a result, it is anticipated that the market for medical microfluidic devices would grow quickly. Because of the materials and manufacturing techniques used, it is also less expensive to produce microfluidic devices. Medical microfluidic devices have a very promising future since they are adaptable, inexpensive, and cutting-edge.

Long-term hospital visits and hospital stays can be decreased by pre-hospital analysis, including a routine check of blood glucose levels, which can be done at home. A decrease in hospitalizations and the early detection of disease were the results of the implementation of point-of-care diagnostics by a number of market participants. With improved technology, industry companies may now differentiate their goods by including features that are less intrusive while yet being fast and accurate. Microfluidics has thus become well-established in the IVD sector.

With a market share of more than 60% in the past, the polymer category dominated. Polymers have had a significant increase in use, especially in the quick prototyping of microfluidic systems, which is due to the materials' low cost and ease of use in product manufacture. Additionally, it is anticipated that glass consumption, which in the past came in second place in terms of value, will increase at a rate of more than 18%. High temperatures and organic solvents are used in the majority of analytical applications involving glass-based equipment.

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Segmentations:

Global Microfluidic Devices Market: Major Players
Micronit Microfluidics
MicruX Technologies
FLUIDIGM CORPORATION
Dolomite
Bio-Rad Laboratories
Cepheid
Agilent Technologies
Dolomite
Fluigent
Fluidigm Corporation

Global Microfluidic Devices Market: Types
In-Vitro Diagnostics
Pharmaceutical
Medical Devices

Global Microfluidic Devices Market: Applications
Clinical and Veterinary Diagnostics
Point of Care
Analytical Devices
Drug Delivery
Environmental and Industrial Applications

Global Microfluidic Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Microfluidic Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.

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Growth Factors:

Growing demand for minimally invasive procedures: The market for medical microfluidic devices is anticipated to gain from growing interest in these procedures. This is due to the fact that these devices have a number of benefits over conventional surgical techniques, such as less stress, quicker healing, and decreased infection rates. disposable medical microfluidic gadgets are being used more frequently: Due to their low price and simplicity of use, disposable medical microfluidic devices are gaining popularity.

This microfluidic devices market report details recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and regional market players, analyses opportunities in terms of new revenue pockets, regulatory changes, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, ge Contact Market Research for an Analyst Brief to learn more about the market for microfluidic devices. Our staff will assist you in making an informed choice to build your market.

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The microfluidic devices market report's country section also lists specific market-impacting elements and updates on native market regulations that have an impact on the market's present and future trends. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Reasons to Purchase this Report
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

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