Press release
Microfluidic Devices Market Report 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032
The global microfluidic devices market was valued at US$ 5.1 Bn in 2020, and is estimated to surge at a CAGR of 24% during the forecast period of 2021-2031. The market in the European region is expected to expand at a reasonable CAGR of around 14%, with global demand expected to reach US$ 21.5 Bn by the end of 2031.Request For Free Sample Report of "Microfluidic Devices Market"@ https://www.persistencemarketresearch.com/samples/2995
Globally, the microfluidic devices market is witnessing significant growth due to increasing R&D investment in pharmaceuticals, life science and rising point of care testing demand. New trends in healthcare, such as health care at home, supports point of care testing (POCT) as the most efficient and effective delivery of healthcare.
Miniaturization also reduces the cost for screening compounds in pharmaceutical companies for cell biology problems. In addition, microfluidic proteomic devices are increasingly being used to quantify and identify proteins and to study interactions of different proteins with reagent in array. Different materials such as glass, silicon, polymer metal and ceramics, are used to manufacture microfluidic devices.
In North America, rising aging population, increasing health awareness, rising chronic and lifestyle diseases, technological developments for various home use applications, and proper insurance coverage are driving the use of microfluidic devices in the market. Usage of microfluidic technology in North America is high compared to other regions of the world due to its early adoption and multiple applications in different industries.
Roche Diagnostics, Abbott Laboratories, Siemens Healthcare, Agilent Technologies, Bio-Rad Laboratories, Inc, Fluidigm Corporation and Johnson & Johnson are some of the major players of microfluidic devices market.
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The microfluidic devices market is segmented as follows:
Microfluidic Devices Market by Material
Glass
Polymer
Silicon
Microfluidic Devices Market by Application
Clinical and veterinary diagnostics
Point of care testing
Pharmaceutical and life science research
Drug delivery
Analytical devices
Environment and industrial
Microfluidic Devices Market by Industry
In-vitro diagnostics
Pharmaceuticals
Medical devices
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Key Questions Answered in This Report.
What are the Roadblocks for Microfluidic Devices Market Suppliers?
What are the Key Opportunities for Microfluidic Devices Market Manufacturers?
How is Focus on Safety Influencing Microfluidic Devices Market Demand?
What is the Regulatory Impact on Global Sales of Microfluidic Devices Market?
Which Region Offers the Largest Opportunity for Sales of Microfluidic Devices Market?
Where Does the U.S. Stand in the Market for Microfluidic Devices Market?
What Is the Outlook for Microfluidic Devices Market Manufacturers in China?
Why is Germany a Lucrative Market for Microfluidic Devices Market Manufacturers?
Why Will Belgium Outpace Other European Markets for Microfluidic Devices Market?
Why is There High Demand for Tires in Microfluidic Devices Market?
Why are Sales of Microfluidic Devices Market Surging?
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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