PUNE, India, December 9, 2016 /PRNewswire/ --
Microfluidics market growth to 2021 is propelled by rising demand for point-of-care (POC) testing and increasing use of miniaturized microfluidic chips while in vitro diagnostics application segment accounted for a major share of global market with 19.2% expected CAGR to register USD 8.78 billion by 2021.
Browse 151 tables and 41 figures, 10 Company profiles spread across 205 pages available at http://www.reportsnreports.com/reports/271898-microfluidics-market-by-materials-polymers-silicon-glass-pharmaceuticals-microreactors-toxicity-screening-lab-on-chip-proteomic-genomic-analysis-drug-delivery-devices-microneedles-micropumps-ivd-poc-global-trends-forecast-to-2018.html .
The global microfluidics market is projected to reach USD 8.78 billion by 2021 from USD 3.65 billion in 2016, growing at a CAGR of 19.2% during the forecast period. The market is mainly driven by the rising geriatric population, growing Asian healthcare market, and upsurge in government and corporate funding for R&D. However, lack of adequate healthcare and research infrastructure in emerging markets, dearth of skilled professionals in clinical laboratories, and high prices of integrated instruments and microfluidics chips are hampering the growth of this market to a certain extent.
In 2015, North America accounted for the largest share to the global microfluidics market, followed by Europe, Asia-Pacific, and RoW. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period owing to the rapidly aging population, increased accessibility to healthcare facilities, and rising R&D and healthcare expenditure.
The global microfluidics market is highly fragmented; some of the major players in this market are Danaher Corporation (U.S.), PerkinElmer, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), and Becton, Dickinson and Company (U.S.). Order a copy of Microfluidics Market by Component (Microfluidic Chips, Micropump, Microneedle), Material (Polymer, Glass, Silicon), Application (Genomics, Proteomics, Capillary Electrophoresis, POC, Clinical, Environmental, Drug Delivery) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=271898 .
The report provides a detailed analysis of microfluidics market. It aims at estimating the market size and future growth potential of this market across different segments such as components, application, materials, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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