Global Microfluidic Device Market is Expected to Reach up to USD 798.4 Billion by 2021

Market Scenario
A microfluidic device is a well-accepted technology and has several applications. The technology allows integration of many medical tests on a single chip. It has become an essential technology for integration, industrialization, miniaturization and parallelization of various tests in the fields of diagnostics, drug development and biological research. The market for global microfluidic device is expected to reach up to USD 798.4 billion by the end of the forecasted period and is expected to grow at a CAGR of 21-23%.

The major factors contributing to the growth of the Microfluidic Devices Market are driven by four major factors such as, the increase in demand for point of care testing products, microfluidic technologies for miniaturization of chip, rising demand in genomics and proteomics.

Key Players
• F. Hoffmann-La Roche AG (SWZ)
• Abbott Laboratories (US)
• Siemens Healthcare GmbH (GER)
• Agilent Technologies, Inc. (US)
• Fluidigm Corporation (US)
• Bio-Rad Laboratories (US)
• Cepheid (US)
• RainDance Technologies (US)
• Dolomite Centre (UK)
• Micronit Microfluidics (Netherland)

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Key Findings
o The European microfluidic devices market is expected to report the highest CAGR during the forecasted period among all the regions; whereas, North America will remain the largest market in 2021.
o By application of microfluidic devices, the point of care testing (POCT) is expected to witness highest CAGR of XX% during the forecasted period
o In terms of material, the polymer had the largest share in the global microfluidic devices market, and it is expected to grow at the highest CAGR among all the materials during the forecast period

Point of care testing is the one of largest consumer of microfluidic devices device market
Globally, the market for microfluidic devices is gaining significant importance due to growing R&D investment in life sciences, pharmaceuticals, and increasing point of care testing demand. An increase in point of care testing, as an effective method for delivery of treatment, has also led to increase in the demand for microfluidic devices in the global market.

Segments:
By Industry
o In-vitro Diagnostics (IVD)
o Pharmaceuticals
o Medical Devices

By Application
o Point Of Care Testing
o Pharmaceutical and Life Science Research
o Drug Delivery
o Analytical Devices
o Clinical and Veterinary Diagnostics
o Environmental
o Industrial

By Material
o Glass
o Polymer
o Silicon

Regional Analysis of Microfluidic devices Market:
Globally North America is the largest market for Microfluidic devices, large share of this market is attributed to rising demand in genomics and proteomics. The North American market for Microfluidic devices is expected to grow at a CAGR of XX% and is expected to reach at US$ XXX Million by the end of the forecasted period. Europe is the second-largest market for Microfluidic devices, which is expected to grow at a CAGR of XX%

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Brief TOC
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
5. Market Factor Analysis
5.1 Value Chain Analysis
5.2 PORTERS Five Forces
5.3 demand & supply: gap analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger and Acquisition Landscape
5.7 Upcoming trends in market
5.7.1 Market trends
5.7.2 Technological trends
5.7.3 Insurance & Regulations
5.7.4 Others
6. Global Astigmatism Market, by type
7. Global Astigmatism Market, by end user
Continue……..

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This release was published on openPR.