Microfluidics uncovers the value at which the Microfluidics industry is projected to grow during the forecast period, 2021 to 2028. The prime objective of this study is to offer a detailed assessment of the Microfluidics business based on type, sector as well as geography. The researchers analysing different elements associated with the business further offer extensive data regarding various factors such as opportunities, drivers, restraints and challenges influencing the growth rate of the Microfluidics industry.
Exhaustive coverage of the COVID-19 impact on the Microfluidics industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 .The market intelligence report takes a closer view of the global market share, estimated growth preparedness. rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Microfluidics market position on a global level
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The demand for microfluidic-based pumps is projected to see substantial growth in the forecast timeframe as microfluidic systems are increasingly used in laboratory settings to conduct a wide variety of applications, such as evaluating characteristics such as pH, chemical bonding coefficients, viscosity, and other applications for cell manipulation.
The laboratory-on-a-chip category accounted for a large share of the microfluidics industry in 2019 and is projected to retain its supremacy throughout the forecast period. Lab-on-a-chip offers fast detection speed and also helps the DNA probes to be sequenced easily.
North America dominated the market for Microfluidics in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 39.8% of the market, followed by the Asia Pacific, in the year 2019
Key participants include Fluidigm Corporation, F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Abbott Laboratories Thermo Fisher Scientific, Micronit Micro Technologies B.V., Life Technologies Corporation, Danaher Corporation, Illumina Inc., and PerkinElmer Inc, among others.
as well as new entrants in the market. It focuses on the recent mergers acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Segmental Analysis
The global Microfluidics market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Microfluidics sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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Market Overview:
The research report on the Microfluidics market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Microfluidics business sphere.
Key Objectives of the Report:
- Analysis and estimation of the Microfluidics market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Microfluidics market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
For the purpose of this report, Emergen Research has segmented into the global Microfluidics Market on the basis of technology, material, application, and region:
- Technology Outlook (Revenue: USD Billion; 2017-2027)
- Medical
- Non-Medical
- Material Outlook (Revenue: USD Billion; 2017-2027)
- Silicon
- Glass
- Polymer
- PDMS
- Others
- Application Outlook (Revenue: USD Billion; 2017-2027)
- Lab-on-a-chip
- Organs-on-chips
- Continuous flow microfluidics
- Optofluidics and Microfluidics
- Others
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Regional Analysis of the Microfluidics Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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