Core SEO Marketing Microfluidics Market - By Material (Ceramics, Poly

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Microfluidics Market - By Material (Ceramics, Polymers), By Components
(Microfluidic Chips, Pumps, Needles), By Application (In-Vitro Diagnostics,
Pharmaceutical Research, Drug Delivery) - World Forecasts to 2022
https://www.marketresearchnest.com/microfluidics-market---by-material-ceramics-polymers-by-compone
nts-microfluidic-chips-pumps-needles-by-application-in-vitro-diagnostics-pharmaceutical-research-drug-d
elivery---world-forecasts-to-2022.html
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A Report Description
Microfluidics is the science and technology discipline of controlling fluids, usually in the range of microliters to
picolitres, in networks of channels with lowest dimensions. The report "Microfluidics Market - By Material
(Ceramics, Polymers), By Components (Microfluidic Chips, Pumps, Needles), By Application (In-Vitro
Diagnostics, Pharmaceutical Research, Drug Delivery) - World Forecasts to 2022" studies the market for the
application of microfluidics in pharmaceutical, in-vitro diagnostics, and drug delivery devices. The market is
anticipated to grow at a robust CAGR during the forecasted period, i.e. 2017-2022. This growth is likely to be
driven by the rising demand for point-of-care devices, quick return on investments provided by microfluidics
devices resulting in cost reductions, and miniaturization of microfluidic chips.
On the contrary, manufacturing difficulties and high capital investment for lab-on-chip devices are two of the
major challenges faced by this sector. Other major factors such as tough incorporation of emerging
microfluidic technologies into existing workflows, and complex and time consuming regulatory standards are
hampering the growth of microfluidics market.
According to analysis, the market for microfluidic devices all over the world was worth US$ 3.6 Billion in 2017,
and is poised for a double digit growth during the forecasted period (2017-2022). The new report also focuses
on microfluidics market by material, such as ceramics, polymers, glass, and silicon; by components, such as
microfluidic chips, pumps, and needles; by application, and territory. The In-Vitro diagnostics segment
commands the largest share of the global microfluidics applications market. The large share of this segment
is attributed to the increasing adoption of microfluidics for Point-of-Care and Clinical and Veterinary
diagnostics application by major diagnostic companies, such as Roche, Becton Dickinson and Company,
Abbott, and Cepheid amongst others. Similarly, in microfluidics by components segment, microfluidic chips
accounted for the largest share. This large share is attributed to increasing usage of these chips in IVD
application.
Based on material, in 2017, ceramics contributed the major share in microfluidics market. This high share is
attributed to high chemical resistivity, versatility, and strength offered by ceramics in manufacturing of
microfluidics devices.
Asia Pacific is poised to witness a lucrative growth in the coming years. This is attributed to the increasing
mergers and acquisitions, and technological advancements in emerging countries. However, North America
accounted for the largest share in 2017. The increasing adoption of microfluidics technology and the
incessant launches of new products in the North American region are driving the market growth.
In addition, this study also covers latest trends and developments capturing the market since last few years.
The report also includes the regulatory scenario in various countries across the globe.