Global Microfluidics Market Size, Share, Industry Analysis and Opportunity And Forecast Report 2016-2026

"The Latest Research Report Microfluidics Market - Global Industry Analysis and Opportunity Assessment 2016-2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

About Microfluidics Market

With 14.5% CAGR, point of care testing segment is the largest segment among the global microfluidics market application segments

By the end of 2026, the point of care testing segment is projected to reach more than US$ 3,000 Mn in revenue and is estimated to grow 3.9x by 2026 end as compared to that in 2016. The point of care testing segment is the largest segment among the different application segments in the global microfluidics market, which was estimated to create close to US$ 1,000 Mn or 33.2% share of the total market in 2016. This segment is anticipated to register a CAGR of 14.5% over the forecast period.

An increasing use of point of care testing devices is likely to drive the growth of the point of care testing segment

Increasing demand for microfluidics technology based point of care devices and kits in in-vitro diagnostics is expected to propel the growth of the point of care segment over the forecast period. Point of care testing devices have significant applications in the field of genomics and proteomics. For instance, these devices help identify the DNAs of microbes that are responsible for causing various diseases and are also used in protein analysis. A prominent feature of these devices is that these can be used at bedside, hospitals, in the delivery room, in intensive care units, in doctor's offices, in emergency rooms, in pharmacies, at home for self-testing, and even in space owing to their size, disposability and integration of complex functions. An increasing use of point of care testing devices across various end-use industries is likely to drive the growth of the point of care testing segment during 2016 – 2026.

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Due to increase in price pressures in various countries, companies operating in the global microfluidics market have shifted their focus to developing low-cost diagnostic devices that can provide accurate results in less time. Hence, point of care microfluidics devices have gained traction over the years owing to benefits such as low cost of development and capability to generate accurate and reliable results rapidly. Furthermore, these devices occupy less space and need fewer volumes of samples for analysis than conventional diagnostic devices, thereby decreasing operational costs. The funding that drives the development of point of care technologies comes from multiple sources including the NIH and the U.S. Department of Defense (DOD), as well as private foundations such as the Bill and Melinda Gates Foundation and other pharmaceutical industry foundations / associations.

Point of care segment is expected to register high revenue growth in Western Europe

In North America, by application type, the point of care testing segment is expected to register high revenue growth and exhibit a market attractiveness index of 1.19 over the forecast period, while in Latin America, the point of care testing segment is projected to register high revenue growth and exhibit a market attractiveness index of 1.48 over the forecast period. In Western Europe, this segment is anticipated to register high revenue growth and exhibit a market attractiveness index of 1.6 between 2016 and 2026. In Eastern Europe, the point of care testing segment is predicted to register increased revenue growth and record a market attractiveness index of 1.46 over the coming decade; while in APEJ, Future Market Insights analysts estimate the point of care testing segment to register high revenue growth, exhibiting a market attractiveness index of 1.35 over the projected period.

With 14.5% CAGR, point of care testing segment is the largest segment among the global microfluidics market application segments

By the end of 2026, the point of care testing segment is projected to reach more than US$ 3,000 Mn in revenue and is estimated to grow 3.9x by 2026 end as compared to that in 2016. The point of care testing segment is the largest segment among the different application segments in the global microfluidics market, which was estimated to create close to US$ 1,000 Mn or 33.2% share of the total market in 2016. This segment is anticipated to register a CAGR of 14.5% over the forecast period.

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An increasing use of point of care testing devices is likely to drive the growth of the point of care testing segment

Increasing demand for microfluidics technology based point of care devices and kits in in-vitro diagnostics is expected to propel the growth of the point of care segment over the forecast period. Point of care testing devices have significant applications in the field of genomics and proteomics. For instance, these devices help identify the DNAs of microbes that are responsible for causing various diseases and are also used in protein analysis. A prominent feature of these devices is that these can be used at bedside, hospitals, in the delivery room, in intensive care units, in doctor's offices, in emergency rooms, in pharmacies, at home for self-testing, and even in space owing to their size, disposability and integration of complex functions. An increasing use of point of care testing devices across various end-use industries is likely to drive the growth of the point of care testing segment during 2016 - 2026.

Due to increase in price pressures in various countries, companies operating in the global microfluidics market have shifted their focus to developing low-cost diagnostic devices that can provide accurate results in less time. Hence, point of care microfluidics devices have gained traction over the years owing to benefits such as low cost of development and capability to generate accurate and reliable results rapidly. Furthermore, these devices occupy less space and need fewer volumes of samples for analysis than conventional diagnostic devices, thereby decreasing operational costs. The funding that drives the development of point of care technologies comes from multiple sources including the NIH and the U.S. Department of Defense (DOD), as well as private foundations such as the Bill and Melinda Gates Foundation and other pharmaceutical industry foundations / associations.

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Point of care segment is expected to register high revenue growth in Western Europe

In North America, by application type, the point of care testing segment is expected to register high revenue growth and exhibit a market attractiveness index of 1.19 over the forecast period, while in Latin America, the point of care testing segment is projected to register high revenue growth and exhibit a market attractiveness index of 1.48 over the forecast period. In Western Europe, this segment is anticipated to register high revenue growth and exhibit a market attractiveness index of 1.6 between 2016 and 2026. In Eastern Europe, the point of care testing segment is predicted to register increased revenue growth and record a market attractiveness index of 1.46 over the coming decade; while in APEJ, Future Market Insights analysts estimate the point of care testing segment to register high revenue growth, exhibiting a market attractiveness index of 1.35 over the projected period.

Table Of Content

1.Executive summary

2.Research Methodology

3.Assumptions and Acronyms Used

4.Global Microfluidics Market Overview
4.1.Market Overview
4.2.Market Size by Value (US$ Mn) Forecast
4.3.Market taxonomy

5.Global Microfluidics Market Dynamics
5.1.Key Growth Drivers
5.2.Restraints
5.3.Opportunities

6.Global Microfluidics Market Trends

7.Global Microfluidics Market- Scenario Forecast

8.Global Microfluidics Market Value Chain Analysis

9.Global Microfluidics Market Price Projections per Region

10.Global Microfluidics Market Analysis by Material Type
10.1.Introduction
10.2.Y-o-Y Growth Comparison by Material Type
10.3.Market Share & Basis Point (BPS) Analysis, By Material Type
10.3.1.Market Size Value (US$ Mn) Forecast
10.3.1.1.Polymer
10.3.1.1.1.Polyvinyl Chloride (PVC)
10.3.1.1.2.Non-Polyvinyl Chloride
10.3.1.2.Glass
10.3.1.3.Silicon
10.3.1.4.Metal
10.3.1.5.Ceramics
10.4.Global Microfluidics Market Attractiveness Analysis By Material Type

11.Global Microfluidics Market Analysis by Application Type
11.1.Introduction
11.2.Y-o-Y Growth Comparison by Application Type
11.3.Market Share & Basis Point (BPS) Analysis, By Application Type
11.3.1.Market Size Value (US$ Mn) Forecast
11.3.1.1.Point of Care Testing
11.3.1.2.Clinical Diagnostics
11.3.1.3.Drug Delivery
11.3.1.4.Analytical Testing
11.3.1.4.1.Genomics
11.3.1.4.2.Proteomics
11.3.1.4.3.Cell Based Analysis
11.3.1.4.4.Others
11.4.Global Microfluidics Market Attractiveness Analysis By Application Type

12.Global Microfluidics Market Analysis by Industry
12.1.Introduction
12.2.Y-o-Y Growth Comparison by Industry
12.3.Market Share & Basis Point (BPS) Analysis, By Industry
12.3.1.Market Size Value (US$ Mn) Forecast
12.3.1.1.Pharmaceuticals
12.3.1.2.In-vitro Diagnostics
12.3.1.3.Environmental Research
12.3.1.4.Life Science Research
12.3.1.5.Clinical Diagnostics
12.4.Global Microfluidics Market Attractiveness Analysis By Industry

13.Global Microfluidics Market Analysis by Geography
13.1.Introduction
13.2.Y-o-Y Growth Comparison by Region
13.3.Market Share & Basis Point (BPS) Analysis, By Region
13.4.Global Microfluidics Market Attractiveness Analysis By Region

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