Microfluidics Market By Materials - 2018
The â€œMicrofluidics Market 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 2018â€? analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.
Browse 72 market data tables and 55 figures spread through 258 pages and in-depth TOC on "Microfluidics Market 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" http://www.marketsandmarkets.com/Market-Reports/microfluidics-market-1305.html Early buyers will receive 10% customization in this report.
The global microfluidics market is valued at $1.59 billion in 2013 and is poised to reach $3.57 billion by 2018, at a CAGR of 17.6%. The global microfluidics market is categorized into materials, products, and applications segments. This report studies market trends for the above mentioned segments in three industries, namely, pharmaceutical, in-vitro diagnostics, and drug delivery devices. The adoption of microfluidic technology is increasing across the globe, due to emerging applications in the pharmaceutical, in-vitro diagnostics, and drug delivery industries. The microfluidic technology offers various advantages such as accuracy, reliability, reduced costs, quick return on investments, and enhanced profit margins. Moreover, market players are engaged in exploring various types of polymers, to enhance the compatibility of microfluidic products and reduce their manufacturing costs. Request Sample: http://www.marketsandmarkets.com/requestsample.asp?id=1305
The in-vitro diagnostics segment commands the largest share of the microfluidics industry market. The large share of this segment can be attributed to the increase in the use of Point-of-Care (POC) diagnostic devices and increased adoption of microfluidics in IVD by major diagnostic companies such as Roche Diagnostics (Switzerland), Becton Dickinson and Company (U.S.), Abbott Laboratories (U.S.), and Cepheid (U.S.).
The microfluidics market is driven by the rising demand for POC devices, quick return on investments helping in cost reductions, and miniaturization of microfluidic chips. However, factors such as difficulty in incorporating emerging microfluidic technologies into existing workflows and the presence of complex and time consuming regulatory standards are hampering the growth of this market. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=1305
North America accounts for the largest share of the global market, followed by Europe. However, Asia is expected to grow at the highest CAGR during the study period. The growth in investments and lower labor and raw material costs in this region are some of the major factors having a positive impact on the growth of the microfluidics market in Asia. Asian markets such as China, Japan, India, and South Korea are the potential markets for investors in the near future. Major players in the market include Abbott Laboratories (U.S.), Agilent Technologies (U.S.), Caliper Life Sciences (PerkinElmer) (U.S.), Cepheid (U.S.), DanaherCorporation (U.S.), Life Technologies Corporation (U.S.), and Roche Diagnostics (Germany). A majority of companies in this market are from the U.S. Enquiry before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1305
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