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The global Microfluidic Devices Market is growing rapidly and is expected to reach USD 13.24 billion<br>
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Microfluidic Devices Market Analysis By Product Overview, Sales, Cost and Capacity | Forecast to 2025 Global Microfluidic Devices Market Share And Trends Analysis By Industry (In-Vitro Diagnostics, Pharmaceutical (Chips For Lab Analytics, Accurate Dispensing Devices And Micro-Reactors For Drug Synthesis), Medical Devices (Micro Pumps And Dispensing System, Inhalers, Micro-Needles And Others) And Others))), Material (Polymer, Glass, Silicon And Others), Application (Pharmaceutical And Life Science Research, Clinical And Veterinary Diagnostics, Point Of Care Diagnostics, Analytical Devices, Drug Delivery, Environmental And Industrial And Others) And Region (Americas, Europe, Asia-Pacific And Middle East & Africa) - Forecast Till 2025 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. Major Players in the Microfluidic DevicesMarket Some of the major participants of this market are Abbott, Agilent technologies, Inc, Bio-Rad Laboratories, Inc., Cepheid, Dolomite Centre, F. Hoffmann-La Roche AG, Fluidigm
Corporation, Micronit microfluidics, Raindance Technologies, Inc, Siemens Healthcare GmbH and others. Regional Analysis The global microfluidic devices market is segmented into North America, Europe, and Asia Pacific. North America was leading market player across the globe in 2016 and is expected to reach USD 4.88 billion by the end of the forecasted period. Europe is the second largest region in the global microfluidic devices market, which is expected to grow at a CAGR of 22.8%. Asia Pacific region is expected to be the fastest growing region in the 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 basis of the materials, market is segmented into polymer, glass, silicon. On the basis of the application, the market is segmented into clinical, and veterinary diagnostics, point of care, analytical devices, drug delivery, environmental, and industrial applications. On the basis of geographic region, the microfluidic devices market is segmented into three key regions: North America, Europe, and Asia. Brows More Research Reports at: Lichen Sclerosus Treatment Market Trends, Size Analysis | Applications, 2023 Antihistamine Drugs Market Size, Application | Growth Analysis, 2023 Image Guided Radiotherapy Market Size, Trends | Share Analysis, 2023 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country
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