Press release
Microfluidic Immunoassay Market: Global Opportunity Analysis and Industry Forecast (2023-2030)
Meticulous Research®, a renowned global market intelligence and consulting firm, has released a comprehensive research report titled "Microfluidic Immunoassay Market Size, Share, Forecast, & Trends Analysis by Product (Cartridge [Polymer, Glass], Reagent, System), Technology (Electrochemical, Optical), Application (Cardiology, Oncology, Infectious Disease), End User-Global Forecast to 2031." According to the report, the global microfluidic immunoassay market is projected to grow at a compound annual growth rate (CAGR) of 7.3%, reaching $1.59 billion by 2031.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5034
Market Growth Drivers
The microfluidic immunoassay market is on an upward trajectory due to several key factors. The increasing application of microfluidic immunoassays in drug discovery, development, and biomarker detection, combined with the clear advantages of lab-on-chip immunoassays over conventional methods, are major drivers of growth. Furthermore, the rising focus on research and development by pharmaceutical and biotechnology companies, coupled with the trend toward miniaturizing biological and chemical assays, is propelling the market forward.
However, challenges such as bubble formation and dead volume in microfluidic devices may restrain market growth. Despite these hurdles, the market is expected to thrive, fueled by the rising demand for point-of-care diagnostics and ongoing advancements in microfluidic immunoassay technologies.
Opportunities and Challenges
The growing demand for point-of-care diagnostics presents a significant opportunity for market expansion. However, the selection of appropriate substrate materials for designing microfluidic chips, combined with design and cost challenges in developing nations, pose substantial challenges for industry stakeholders. Overcoming these obstacles will be crucial for maximizing market potential in the coming years.
Leading Market Players
Key companies driving the innovation and development in the global microfluidic immunoassay market include:
• Becton, Dickinson and Company (U.S.)
• Revvity, Inc. (U.S.)
• Abbott Laboratories (U.S.)
• Siemens Healthineers AG (Germany)
• Nanomix Corporation (U.S.)
• Micropoint Biotechnologies Co., Ltd. (China)
• Biosurfit SA (Portugal)
• Koninklijke Philips N.V. (Netherlands)
• NanoEnTek Inc. (South Korea)
• QuidelOrtho Corporation (U.S.)
Market Segmentation & Insights
The study provides an in-depth analysis of the microfluidic immunoassay market, segmenting it based on product type, technology, application, end user, and geography.
Product Insights
The market is segmented into consumables and systems. Among these, the consumables segment is expected to grow at the highest CAGR during the forecast period. The increasing development of reagents and kits, coupled with the growing adoption of microfluidic diagnostic kits for disease detection, is driving the demand for consumables in this market.
Buy Now@ https://www.meticulousresearch.com/Checkout/80588586
Technology Insights
Electrochemical and optical detection are the primary technologies utilized in the microfluidic immunoassay market. In 2024, the electrochemical detection segment is projected to account for the largest market share, owing to its widespread use in point-of-care testing. Factors such as adaptability for miniaturization, rapid detection capabilities, and cost-efficiency further contribute to the dominance of this segment.
Application Insights
Among the various applications, the oncology segment is anticipated to experience the highest CAGR during the forecast period. Pharmaceutical and biotechnology organizations are increasingly utilizing microfluidic immunoassays for oncology biomarker detection in areas such as anti-cancer drug development, personalized medicine, and drug discovery.
End User Insights
In terms of end users, pharmaceutical and biotechnology companies are expected to dominate the market in 2024. This segment's leadership can be attributed to the increasing demand for novel drugs and therapies, significant R&D investments, and rising healthcare expenditures. The pharmaceutical and biotech sectors are pivotal in advancing medical innovations, further driving the market.
Regional Analysis
The report also provides a thorough regional analysis, covering key markets across North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa.
Among these regions, Asia-Pacific is expected to register the highest CAGR during the forecast period. The region's growth is attributed to advances in healthcare infrastructure, increased R&D activities, the proliferation of diagnostic laboratories, and significant progress in the research sector across emerging economies such as China and India.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/microfluidic-immunoassay-market-5034
Key questions answered in the report:
• Which are the high-growth market segments in terms of product, technology, application, end user, and regions/countries?
• What was the historical market for microfluidic immunoassay across the globe?
• What are the market forecasts and estimates for the period 2024-2031?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global microfluidic immunoassay market?
• Who are the major players in the global microfluidic immunoassay market?
• What is the competitive landscape, and who are the market leaders in the global microfluidic immunoassay market?
• What are the recent developments in the microfluidic immunoassay market?
• What are the different strategies adopted by the major players in the microfluidic immunoassay market?
• What are the geographical trends and high-growth regions/countries?
Related Reports:
Ventilators Market: https://www.meticulousresearch.com/product/ventilators-market-5093
Telehealth Market: https://www.meticulousresearch.com/product/telehealth-market-4174
Skin Care Products Market: https://www.meticulousresearch.com/product/skin-care-products-market-5617
High-performance Liquid Chromatography (HPLC) Market: https://www.meticulousresearch.com/product/high-performance-liquid-chromatography-market-5395
Cryotherapy Market: https://www.meticulousresearch.com/product/cryotherapy-market-5953
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email-
sales@meticulousresearch.com
Visit Our Website:
https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research
About the company:
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microfluidic Immunoassay Market: Global Opportunity Analysis and Industry Forecast (2023-2030) here
News-ID: 3652923 • Views: …
More Releases from Meticulous Research®
Software Defined Radio Market Trends, Insights, and Outlook | Meticulous Researc …
The global software defined radio (SDR) market (Marché de la radio définie par logiciel) is gaining momentum as communication systems continue to evolve. Valued at $21.8 billion in 2024, the market is projected to reach $49.7 billion by 2035, growing at a CAGR of 7.8% from 2025 to 2035. This growth reflects the rising demand for advanced, flexible, and cost-efficient communication solutions across defense, commercial, and government sectors.
Download Sample Report…
Microgrid Implementation Market to Hit $142.8B by 2035 | Meticulous Research®
Global Microgrid Implementation Market Outlook (2025-2035)
The global microgrid implementation market is entering a period of remarkable expansion. Valued at USD 32.1 billion in 2024, the market is projected to grow to USD 36.8 billion in 2025, before reaching USD 142.8 billion by 2035. This translates to a compound annual growth rate (CAGR) of 14.5% during the forecast period. This growth reflects the rising importance of distributed energy systems, smart grid…
Carbon Accounting Software Trends and Forecasts 2025-2032 | Meticulous Research …
Global Carbon Accounting Software Market Outlook (2025-2032)
The carbon accounting software market is undergoing rapid transformation, driven by the urgent need for businesses to track, manage, and reduce their carbon footprints. Valued at USD 1.4 billion in 2024, the market is expected to reach USD 1.6 billion in 2025 and grow to nearly USD 7 billion by 2032, reflecting a strong compound annual growth rate of 23 percent. This surge highlights…
Digital Fashion Market: Growth, Drivers, and Future Outlook | Meticulous Researc …
The global digital fashion market has entered a phase of rapid transformation. Valued at USD 1.1 billion in 2024, it is expected to climb to USD 1.4 billion in 2025 and further expand to USD 15.5 billion by 2035, growing at a striking CAGR of 27.2%. This surge is being fueled by the fusion of immersive technology, sustainable practices, and shifting consumer behavior.
Unlike traditional fashion, digital fashion thrives on creativity…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
