Microfluidics Device Market was valued at USD 8.25 billion in 2018, and is estimated to grow at a CAGR of XX % from 2018 to 2026.
Microfluidic devices exploit the physical and chemical properties of liquids and gases at the microscopic scale. It offers many advantages over conventional sized systems. It helps to perform many operations at the same time because of their compact size, thereby shortening the time of the experiment. It also has excellent data quality and important parameter control that automates the process, while preserving performance.
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Some of the market drivers for the Microfluidics Device Market include increased demand for POC testing, benefits associated with incorporation of microfluidics across different industries, higher return on investments as well as technological advancements.
The microfluidics market is segmented by application, component (type & material), and region. The Microfluidics Device Market is fragmented into instruments, microfluidics, cartridges, and reagents, among others. Of these, cartridges and reagents held a significant share of the global market and the segment is expected to continue to dominate in the coming years. In terms of turnover, the Microfluidics Device Market accounted for 45.2% of the global market in 2016. The considerable acceptance of microfluidic products in laboratories and industries has provided cartridges and reagents with this wide margin of growth. The report predicts that instruments and microfluidic chip segments will closely follow the runway during the forecast period.
Geographically, Asia-Pacific is expected to grow successfully in the coming years. It may be attributed to the growing mergers and acquisitions and technological advances in emerging countries. However, North America accounted for the largest share in 2017. The growing adoption of microfluidic technology and the continued roll-out of new products in the North American region are the few factors driving market growth for Microfluidics Device Market.
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The key players in the Microfluidics Device Market include Danaher (US), Thermo Fisher (US), PerkinElmer (US), Agilent (US), Bio-Rad (US), Becton, Dickinson and Company (US), Roche (Switzerland), Illumina (US), Fluidigm, Microfluidics (US), and QIAGEN (Netherlands). OGYROS PROTEIN TECHNOLOGIES AB (Sweden), Sphere Fluidics (UK), OPKO Health (US), Waters (US), thinXXS Microtechnology (Germany), Abaxis (US), bioMérieux (France), Abbott (US), Dolomite Microfluidics (UK), Microfluidic ChipShop (Germany), Elveflow (France), Cellix (Ireland), Micronit Microtechnologies (Netherlands), MicroLiquid (Spain), MiniFAB (Australia), uFluidix (Canada), Micralyne (US), and Fluigent (France).
The objective of the report is to present comprehensive Microfluidics Device Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Microfluidics Device Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Microfluidics Device Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Microfluidics Device Market North America for Asia Pacific make the report investor’s guide.
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