Microfluidics Market CAGR of 15.01% by 2030, Growth Opportunities, Driver, Restraints and Revenue Insights

An all inclusive Microfluidics Market report evaluates the rising trends along with major drivers, challenges and opportunities in the market. This market research report brings into focus strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. This market research report comprises of fundamental, secondary and advanced information related to the global status and trend, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2023 - 20230. Microfluidics Market research report acts as a useful source for both customary and emerging market player in the industry and provides in detail market insights.

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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Microfluidics is a technological method used to investigate the nature and characteristics of fluids. Its application entails the use of a set of tools for manipulating and controlling the chemical and biological processes of small volumes of fluids. It is also used in the production of microminiaturized devices with numerous tunnels and chambers through which fluids flow or are confined. In comparison to traditional fluid measuring devices, it requires fewer samples, the tools are smaller, and it provides excellent parameter control and data quality. As a result, it's commonly used for DNA analysis, cell separation and manipulation, and PCR amplification.

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,

Fundamental Aim of Microfluidics Market Report

In the Microfluidics Market, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.

Factors influencing the Microfluidics Market Size and growth rate.
Major alterations to the Microfluidics Market in the near future.
Notable Market rivals around the world.
The Microfluidics Market's Future Scope and Product Outlook
Future-promising emerging markets.
The Market Presents Difficult Challenges and Threats.
Sales data and profiles of the world's leading Microfluidics Market players

Table of Contents:

Introduction
Market Segmentation
Executive Summary
Premium Insights
Microfluidics Market): Regulations
Market Overview
Microfluidics Market, By Type
Microfluidics Market, By Application
Microfluidics Market, By Route of Administration
Microfluidics Market, End-Users
Microfluidics Market, By Region
Microfluidics Market: Company Landscape
SWOT Analyses
Company Profile
Questionnaires
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