North America Dominated The Global Microfluidic Devices Market Over The Forecast Period


Posted September 25, 2017 by manojkumkar

Global Microfluidic Devices Market is estimated to reach $14.3 Billion by 2024; growing at a CAGR of 22.5% from 2016 to 2024.

 
Global Microfluidic Devices Market Report, published by Variant Market Research, forecast that the global market was valued at $2.8 Billion in 2016 and expected to reach $14.3 Billion by 2024, growing at a CAGR of 22.5% from 2016 to 2024. In geographical segment, Asia-Pacific and Europe are expected to grow at a CAGR of 25.2% and 22.1%, respectively, during the forecast period 2016 - 2024.

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Major drivers of the global microfluidic devices market are rising adoption for microfluidic devices in genomics and proteomics, growing spending on R&D in pharmaceuticals, required for advanced material mixes, and growing demand for point of care testing. Standards and restrictions for global affiliation of medical devices may hamper the growth of the market. Furthermore, technological advancement and untapped market would provide growth opportunities for the market in the forecast periods 2016 – 2024.

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Industry, material type, application, and geography are the key segments of global microfluidic devices market. Industry segment comprises pharmaceuticals, medical devices, in-vitro diagnostics, and others. In-vitro diagnostics accounted for the highest market share and anticipated to attain the fastest CAGR. Material type includes glass, silicon, polymer, and other material types. Moreover, application comprises clinical and veterinary diagnostics, pharmaceutical & life science research, drug delivery, point of care testing, analytical devices, environment and industrial, and others.
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geography sub segments of global microfluidic devices market. North America dominated the market with highest market share in 2016. While, in terms of growth, Asia-Pacific is expected to attain the fastest CAGR, owing to increasing health and wellness consciousness, growing commonness of lifestyle and chronic diseases, and improving advanced technology.

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The major key players operating in the market comprise Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Abbott Laboratories, Siemens Healthcare GmbH, Agilent Technologies, Fluidigm Corporation, Johnson and Johnson, Becton, Akonni Biosystems, Dickinson and Company, , and Micronit Microtechnologies B.V., among others.

Scope of Microfluidic Devices Market
Material Type Segments
• Polymer
• Glass
• Silicon
• Other Material Types

Industry Segments
• In-Vitro Diagnostics
• Pharmaceuticals
• Medical Devices
• Other Industries

Application Segments
• Clinical and Veterinary Diagnostics
• Pharmaceutical and Life Science Research
• Point of Care Testing
• Analytical Devices
• Drug Delivery
• Environment and Industrial
• Other Applications
Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Russia
o Germany
o France
o Italy
o Others

• Asia-Pacific
o India
o China
o Japan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com

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Issued By Manoj Kumkar
Website Variant Market Research
Phone +1-415-680-2785
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Country United States
Categories Medical
Tags forecast , microfluidic devices market , outlook , size , trend
Last Updated September 25, 2017