VANCOUVER, B. C., Sept. 22, 2020
- Owing to the emergence of new technologies, such as digital microfluidics, demand for microfluidic-based instruments is projected to grow.
- Microfluidics Market Size – USD 13.10 billion in 2019, Microfluidics Market Growth - CAGR of 10.6%, Microfluidics Industry trends – High demand from developing nations.
VANCOUVER, B. C., Sept. 22, 2020 /PRNewswire/ -- The Global Microfluidics Market is expected to reach USD 29.43 Billion by 2027, according to a new report by Emergen Research. Increasing usage of microfluidics to enhance healthcare, enabling early identification of pathogens, expanded flexibility, and simple tracking to target underserved and remote communities would fuel demand development for the Microfluidics market.
The installation of microfluidics technology into existing systems will be a major restraining factor in market growth. Rapid developments in the biomedical, pharmaceutical, and biotechnology industries have contributed to the inadequate application of microfluidics technologies within the current healthcare structure.
The demand for microfluidic-based pumps is projected to see substantial growth in the forecast years as microfluidic systems are increasingly being used in laboratory settings to conduct a wide variety of applications, such as evaluating characteristics such as pH, chemical bonding coefficients, viscosity, and other applications for cell manipulation. The fast and reliable response, non-requirement of advanced equipment, low cost, and portability are predicted to be critical factors in the growth of the diagnostic section point-of-care (POC).
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Key Highlights From The Report
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For the purpose of this report, Emergen Research has segmented the Global Microfluidics Market on the basis of technology, material, application, and region:
Technology Outlook (Revenue: USD Billion; 2017-2027)
Material Outlook (Revenue: USD Billion; 2017-2027)
Application Outlook (Revenue: USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
o North America
5. Rest of Europe
o Asia Pacific
3. South Korea
4. Rest of APAC
o Latin America
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
3. Rest of MEA
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