Microfluidics Market By Materials - 2018

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MarketsandMarkets Presents
Microfluidics Market By Materials - 2018
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The Microfluidics Market by Materials (Polymers,
Silicon, Glass), Pharmaceuticals (Microreactors,
Toxicity Screening, Lab on Chip, Proteomic
Genomic Analysis) Drug Delivery Devices
(Microneedles, Micropumps), IVD (POC) - Global
Trends Forecast to 2018 analyzes and studies
the major market drivers, restraints, and
opportunities in North America, Europe, Asia, and
Rest of the World. Browse 72 market data tables
and 55 figures spread through 258 pages and
in-depth TOC on "Microfluidics Market Materials
(Polymers, Silicon, Glass), Pharmaceuticals
(Microreactors, Toxicity Screening, Lab on Chip,
Proteomic Genomic Analysis) Drug Delivery
Devices (Microneedles, Micropumps), IVD (POC) -
Global Trends Forecast to 2018"http//www.marke
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The global microfluidics market is valued at
1.59 billion in 2013 and is poised to reach
3.57 billion by 2018, at a CAGR of 17.6. The
global microfluidics market is categorized into
materials, products, and applications segments.
This report studies market trends for the above
mentioned segments in three industries, namely,
pharmaceutical, in-vitro diagnostics, and drug
delivery devices. The adoption of microfluidic
technology is increasing across the globe, due to
emerging applications in the pharmaceutical,
in-vitro diagnostics, and drug delivery
industries. The microfluidic technology offers
various advantages such as accuracy, reliability,
reduced costs, quick return on investments, and
enhanced profit margins. Moreover, market players
are engaged in exploring various types of
polymers, to enhance the compatibility of
microfluidic products and reduce their
manufacturing costs. Free PDF Brochure http//ww
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The in-vitro diagnostics segment commands the
largest share of the microfluidics industry
market. The large share of this segment can be
attributed to the increase in the use of
Point-of-Care (POC) diagnostic devices and
increased adoption of microfluidics in IVD by
major diagnostic companies such as Roche
Diagnostics (Switzerland), Becton Dickinson and
Company (U.S.), Abbott Laboratories (U.S.), and
Cepheid (U.S.). The microfluidics market is
driven by the rising demand for POC devices,
quick return on investments helping in cost
reductions, and miniaturization of microfluidic
chips. However, factors such as difficulty in
incorporating emerging microfluidic technologies
into existing workflows and the presence of
complex and time consuming regulatory standards
are hampering the growth of this market. Request
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North America accounts for the largest share of
the global market, followed by Europe. However,
Asia is expected to grow at the highest CAGR
during the study period. The growth in
investments and lower labor and raw material
costs in this region are some of the major
factors having a positive impact on the growth of
the microfluidics market in Asia. Asian markets
such as China, Japan, India, and South Korea are
the potential markets for investors in the near
future. Major players in the market include
Abbott Laboratories (U.S.), Agilent Technologies
(U.S.), Caliper Life Sciences (PerkinElmer)
(U.S.), Cepheid (U.S.), DanaherCorporation
(U.S.), Life Technologies Corporation (U.S.), and
Roche Diagnostics (Germany). A majority of
companies in this market are from the
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