Microfluidic Devices Market Gains Momentum with a Striking CAGR of ~19.7% by 2024

The Global Microfluidic Devices Market report titled “Microfluidic Devices Market Research Report-Forecast to 2024″ is a specialist investigation report by Market Research Future includes broad essential research alongside the definite examination of subjective and additionally quantitative perspectives by different industry specialists, key sentiment pioneers to pick up a more profound understanding of the market and industry execution. Globally the market for microfluidic devices is expected to grow at the rate of about 19.7% from 2016 to 2024.

Market Research Future published new report, titled “Microfluidic Devices Market        -Research Report: Global Forecast till 2024”.

Major Players: Allied Healthcare Products Inc. (U.S.), Weinmann Geräte für Medizin GmbH + Co. KG (Germany), Drive Medical (U.S.), INTEGRA Biosciences (Switzerland), Medela Holding AG (Switzerland), Medicop (Slovenia), Precision Medical, Inc. (U.S.), SSCOR, Inc. (U.S.), ZOLL Medical Corporation (U.S.), ATMOS MedizinTechnik GmbH & Co. KG (Germany), Laerdal Medical (Norway), MG Electric Ltd (Colchester), Labconco Corporation (U.S.), Welch Vacuum (U.S.), Amsino International Inc. (U.S.), Olympus Corporation (Japan) and others are some of the prominent players at the forefront of competition in the global Microfluidic Devices market and are profiled in MRFR Analysis.

Global Microfluidic Devices Market – Overview:

The global microfluidic devices market is growing rapidly and is expected to reach USD 13.24 billion. Over the last few years, the microfluidic devices have played an important role in the pharmaceutical industry, especially, in the processes of drug discovery, development and delivery. This has helped to improve healthcare management and medical outcomes. These devices can carry out reaction and detection at lower cost and with better efficiency. Thus, the demand for these devices has increased from the pharmaceutical industry. Additionally, overall market has been experiencing development due to recent product invention, and partnerships and mergers by various industries. Biological and medical fields are leading the market growth owing to high demand from these sectors. The global market is expected to witness rapid growing due to wider applications in the field of pharmaceutical industry, medical device industry, and in-vitro diagnostic industry. Furthermore, increasing awareness regarding the importance of controlled drug delivery is likely to add fuel to the global microfluidic devices market growth.

Various materials are used to make microfluidic devices such as glass, polymer, ceramics, and silicon. The fabrication techniques for silicon and glass microfluidic devices are improving, making them demanding materials for manufacturing devices.  The devices are improving with improved fabrication techniques used for the manufacturing of silicon and glass microfluidic devices. Therefore, it is providing opportunities to new entrants to come up with innovating idea, which, in turn, is likely to boost the demand for the devices.

However, stringent regulatory norms imposed by the governments of various countries may slow the growth of market. Since these regulations are imposed to consistently deliver quality medical devices, it has become difficult to operate the viable business models. Moreover, some geometrical and surface chemistry issues are some of the major challenges occur during the construction of a microfluidic device such as larger capillary forces, possible evaporation.

Test the market data and market information presented through more than 34 market data tables and figures spread over 86 numbers of pages of the project report. Avail the in-depth TOC & market synopsis on “Microfluidic devices Market Research Report –Global Forecast to 2024.

Global Microfluidic Devices Market - Segmentation:

Microfluidic devices market has been segmented on the basis of industry which comprises of in-vitro diagnostics, pharmaceutical, medical devices. On the materials, market is segmented into polymer, glass, silicon. On the basis of application, market is segmented into clinical and veterinary diagnostics, point of care, analytical devices, drug delivery, environmental and industrial applications.

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Global Microfluidic Devices Market - Regional Analysis:

Depending on geographic region, Americas region is divided into two major regions, North America and South America. Globally North Americas is the largest market for Microfluidic Devicess. The South America market for Microfluidic Devices is estimated to grow at a fastest CAGR over the forecasted period. This is due to increasing number in the technology adoption for the medical devices and the homecare devices.

Europe is the second-largest market for Microfluidic Devicess. This is due to increasing number of elderly people which is leading demand for the suction devices for homecare.

The Asia-Pacific Microfluidic Devices market has been analysed as significantly growing market in the coming near years and it is estimated that the market will have high demand in this region. The regulatory bodies along with the government authorities are Central Drugs Standard Control Organization (CDSCO), FDA, and Ministry of Health and Family Welfare (MOHFW). The aims to provide a standard for the manufacturing of medical device and regulations must be followed to enhance and to improve the public/patient health. Ensuring that effective technologies and high-quality products reach patients.

The mounting number and complexity of medical devices have introduced regulatory challenges. The challenges are related to the design of the device or machine. As suction machines are used for the dental, baby delivery, respiratory and many more. Thus, suction machines are designed as per the requirement. And so the different powers, and modifications can be done for the different suction machines. This challenges are mainly for companies manufacturing the Microfluidic Devicess and its parts.

Globally North America is the largest market for Microfluidic devices in 2015. Europe is the second-largest market and is expected to be the fastest growing region during the forecasted period. Furthermore Asian Market for microfluidic devices is expected to grow at the CAGR of 22.8% during the forecasted period.

Major TOC of Medical Suction Device Market:

Chapter 1. INTRODUCTION

Chapter 2. RESEARCH METHODOLOGY

Chapter 3. MARKET DYNAMICS

Chapter 4. MARKET FACTOR ANALYSIS

Chapter 5. GLOBAL MICROFLUIDIC DEVICES MARKET, BY INDUSTRY

Chapter 6. GLOBAL MICROFLUIDIC DEVICES MARKET, BY MATERIAL

Chapter 7. GLOBAL MICROFLUIDIC DEVICES MARKET, BY APPLICATION

Chapter 8. GLOBAL MICROFLUIDIC DEVICES MARKET, BY REGION

Chapter 9. GLOBAL MICROFLUIDIC DEVICES MARKET: COMPANY PROFILE

Chapter 10. LIST OF TABLES

TABLE 2 IMPACT ANALYSIS OF DRIVERS ON OVERALL MARKET GROWTH 17 
TABLE 3 IMPACT ANALYSIS OF RESTRAINTS ON OVERALL MARKET GROWTH 18 
TABLE 2 GLOBAL MICROFLUIDIC DEVICES MARKET, BY INDUSTRY, 2014-2024 (USD MILLION) 24 
TABLE 3 GLOBAL MICROFLUIDIC DEVICES FOR IN-VITRO DIAGNOSTICS MARKET, BY REGION, 2014-2024 (USD MILLION) 25 
TABLE 4 GLOBAL MICROFLUIDIC DEVICES MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2014-2027 (USD MILLION) 27
TABLE 5 GLOBAL PHARMACEUTICAL MICROFLUIDIC DEVICES MARKET, BY TYPE, 2014-2024 (USD MILLION) 28

Chapter 11. LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS 12
FIGURE 2 MARKET DYNAMICS 15
FIGURE 3 PORTERS FIVE FORCES MODEL 20
FIGURE 4 COMPETITIVE POSITIONING OF KEY COMPETITORS 22
FIGURE 6 GLOBAL MICROFLUIDIC DEVICES FOR IN-VITRO DISGNOSTICS, BY REGION, 2015 (%) 25

...CONTINUED

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Posted by Vivian Dsena on Wednesday December 20 2017, 2:30 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0