Microfluidics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

 

The worldwide microfluidics market will be a hotbed of growth prospects for market players between 2017 and 2025, with compound annual growth rates in the double digits. According to specialists, the increased incidence of chronic diseases, easy to carry and use gadget, expanding requirement for point of care testing, and a speedier timetable for analysis completion are the main propellers over the period.

Furthermore, the global microfluidics market will benefit from an increase in the geriatric population over the forecast period. Between 2015 and 2050, the number of people aged 60 and up will increase from 900 million to 2 billion.

The vendor landscape in the worldwide microfluidics market is fragmented due to the huge number of companies. The presence of a high number of players further intensifies the competitiveness. Danaher Corporation, PerkinElmer Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., and Thermo Fisher Scientific Inc. are among the major players in the worldwide microfluidics market.

The majority of firms are attempting to increase their market share by utilising technology. And it's not unexpected, given that product innovation will be at the heart of market expansion during the predicted period. Furthermore, growth will be dependent on affordable innovation.

Biotech and pharmaceutical research, drug delivery, peripheral vascular disorders, in-vitro diagnostics, and wound care management are among the applications covered in the worldwide microfluidics market study. Due to increased demand for pregnancy kits and associated devices and tools, in-vitro will lead the category.

End users, materials, and products are all categorised in the report. It is divided into diagnostic labs, academic research, home care settings, and hospitals by end-users. The split by materials is as follows: polymer-based and glass-based.

Reagents and cartridges, instrument, and chips are the sub divisions based on product. Over the projected period, Cartridges and Reagents will lead the category, with linked items gaining favour among industries and laboratories.