Press release
Forecast: Microfluidic Immunoassay Market Poised to Reach $1.47 Billion by 2030
Meticulous Research® Forecasts the Global Microfluidic Immunoassay Market to Surpass $1.47 Billion by 2030[City, Date] - Meticulous Research®, a renowned leader in global market research, has unveiled its latest comprehensive report, titled "Microfluidic Immunoassay Market by Product (Cartridge [Polymer, Glass, Silicon], Reagents, System), Technology (Electrochemical, Optical), Application (Cardiology, Oncology, Infectious Disease), and End User (Pharmaceutical, Hospital) - Global Forecast to 2030."
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The report reveals that the global microfluidic immunoassay market is poised to achieve remarkable growth, projected to reach an estimated value of $1.47 billion by 2030, boasting a robust CAGR of 7.4% during the forecast period from 2023 to 2030.
Market Growth Drivers and Opportunities:
The market's growth trajectory is propelled by several key factors, including the escalating adoption of microfluidic immunoassays in drug discovery and development, and biomarker detection. Additionally, the report underscores the advantages of lab-on-chip immunoassays over conventional techniques, along with the increasing focus of pharmaceutical and biotechnology companies on research and development initiatives. Furthermore, the miniaturization of biological and chemical assays is significantly contributing to market expansion.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/microfluidic-immunoassay-market-5034
Challenges and Constraints:
Despite the promising growth outlook, challenges such as bubble formation and dead volume in microfluidic devices present significant obstacles to market progression. Moreover, stringent technical requirements and regulatory processes for high/moderate-complexity tests pose additional hurdles. Nonetheless, the report identifies evolving regulatory landscapes and advancements in microfluidic immunoassay technology as key opportunities for market stakeholders.
Key Players:
The report highlights key players shaping the landscape of the global microfluidic immunoassay market, including Becton, Dickinson and Company, Revvity, Inc., Abbott Laboratories, Siemens Healthineers AG, Nanomix Corporation, Micropoint Biotechnologies Co., Ltd., Biosurfit SA, Koninklijke Philips N.V., NanoEnTek Inc., and QuidelOrtho Corporation.
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Market Segmentation and Analysis:
The comprehensive report segments the market based on product, technology, application, end-user, and geography. Noteworthy insights include the anticipation of the consumables segment to witness the highest CAGR during the forecast period, driven by continuous advancements and ease of use. Additionally, the oncology segment is expected to experience the highest growth rate, attributed to extensive research applications in pharmaceutical and biotechnology companies.
Geographic Review:
Geographically, the Asia-Pacific region is projected to register the highest CAGR during the forecast period, propelled by advancements in healthcare infrastructure and robust developments in the R&D sector.
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