The global microfluidics market is primarily driven by the rising demand for in-vitro and point-of-care (POC) diagnostics. For instance, according to the World Health Organization (WHO), in 2010, over 90 million people were provided with HIV testing in middle and low-income nations. The HIV testing using microfluidics at POCs is projected to reduce costs, thus increase the insistence for the technology which assists in the global microfluidics market growth.
The in-vitro diagnostic (IVD) segment subjugated the market due to the rising adoption rate of microfluidics. Furthermore, the key market players of the diagnostics industry, for instance, Danaher, Abbott and Roche are motivating the usage of innovative microfluidics techniques, particularly the monodisperse drops or bubbles technique. This shall help in the proliferation of the segment.
The polymers segment held the largest global microfluidics market share in 2018. Polymers provide better control over the temperature as compared to glass. Although, silicon material segment is predicted to augment at the fastest rate due to the subjugation of POCs in the market. Furthermore, an increasing insistence for quicker results using minimally invasive procedures is predicted to propel market proliferation.
North America led the market in 2018 and is projected to continue its domination over the forecast period. This domination can be credited to the prevalence of abundant capital for research and development activities, improvements in volumetric sample screening techniques and the existence of dominant key players
The Asia Pacific region is projected to exhibit a high CAGR over the forecast period due to the growing geriatric population, frequent visit to hospitals, the existence of untried market regions, and low labour costs. These parameters have garnered the attention of multiple global players to set their research labs in countries like China and India.
Major market players included in the global microfluidics industry are Danaher, Thermo Fisher Scientific, Perkinelmer, Agilent Technologies, Bio-Rad Laboratories, Becton, Dickinson and Co., Illumina, F. Hoffmann-La Roche, Fluidigm Corp., Dolomite Microfludics, Qiagen, Abbott Laboratories, Biomerieux, Microfludic Chipshop, Elveflow, Celix, Micronit Microtechnologies
Key market players are introducing innovative sampling techniques in order to satisfy the demands for biological sample screenings in huge numbers. For example, Dolomite announced its new microfluidics droplets-based platform named Nadia single cell platform in November 2017. It was introduced to conduct single cell research and development activities.
Additionally, scientists are striving hard to invent an efficient production technique for sample droplets. For example, Columbia University announced the picolitre fluid dispensation technique. This technology is basically a lab-on-a-chip one which could convey the volume of samples that are less than 50 nanolitres. Integration of multiplexed sensing technology and microfluidics allows the analysis of multiple samples. Such technologies can help that market gaining significant traction.
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Global Microfluidics Market Segmentation:
By Application
• In-Vitro Diagnostics
- Point-of-Care Testing
- Clinical Diagnostics
• Pharmaceutical and Life Science Research
- Lab Analytics
~ Proteomic Analysis
~ Genomic Analysis
~ Cell-Based Assays
~ Capillary Electrophoresis
- Microdispensing
- Microreaction
• Drug Delivery
• Laboratory Testing
- Agro Food Testing
- Industrial Testing
- Environmental Testing
By Component
• By Type
- Microfluidic Chips
- Microfluidic Sensors
- Micropumps
- Microneedles
- Other Components
• By Material
- Polymer
- Glass
- Silicon
- Other Materials
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global microfluidics market by application, by component and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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