Global Microfluidics Market - By Industry (Drug Delivery Devices, Pharmaceuticals, In Vitro Diagnostics), Application (Drug Delivery, High Throughput Screening, Point of Care, Life science research, Clinical Diagnostics), Components (Micropumps, Micronozzles, Microvalves, Micromixers, Microreactors), Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 108 | Published By - Mordor Intelligence

Report Highlights

Market Insights

The global microfluidics market estimated at USD 3.54 billion in 2016 is projected to reach USD 10.09 billion by 2022, at a CAGR of 19.08% during the forecast period 2017-2022. The field of microfluidics has become one of the most dynamically emerging disciplines of microtechnology in the recent decade. Microfluidics offers the benefit of miniaturization enabling portable and inexpensive devices.

Market Dynamics

The ability to use very small quantities of samples and reagents, to carry out separations and detections with high resolution and sensitivity, low-cost, short time for analysis and small footprints for analytical devices are just a few of the varied uses of microfluidics devices. The market for microfluidics has been on a healthy rise in the last few years, propelled by the ever-growing fields of pharmaceutical and drug diagnostics research; the expanding geriatric population, mounting incidences of lifestyle diseases and investments on R&D. However, the low market visibility of microfluidic products and the difficulty in introducing their usage in the existing work procedures are inhibiting the growth of microfluidics market.

Market Segmentation

The microfluidics market has been segmented by the materials used (polymer, glass, silicon, others); by application (pharmaceutical research, vitro diagnostics, drugs, fluid mechanics, chemistry) and by geography. North America has the largest market share in the world but the highest growing market is the Asia-Pacific region, with huge potential to take the microfluidics market to new dimensions.

Key Market Players

Some of the largest shareholders in this market are:

Thermo Fisher Scientific Inc.

Becton, Dickinson, and Company

Danaher Corporation

Fluidigm Corporation

Biofluidix GmbH

Bartels Mikrotechnik GmbH

Cepheid Inc.

Agilent Technologies Inc.

Perkinelmer Inc.

Bio-Rad Laboratories Inc.

Report Offerings

Market definition for microfluidics market along with identification of key drivers and restraints for the market.

Market analysis for the microfluidics market, with region specific assessments and competition analysis on a regional scale.

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.

Identification and analysis of the macro and micro factors that affect the microfluidics markets on global and regional scales.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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