Microfluidics Market - Industry Analysis, Size, Share, Growth, Key Trends and Forecast To 2030


Market Industry Reports (MIR) has published a new report titled “Microfluidics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019–2030.” According to the report, the global microfluidics market is estimated to be around US$ 10.2 billion in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.

The continual increase in the number of infectious diseases worldwide has presented a bright prospect for the growth of global microfluidics market. Other factors such increasing healthcare funding coupled with adoption of new technologies are anticipated to contribute substantially to the growth of the global microfluidics market between 2019 and 2030.Moreover, various universities are supporting the microfluidics technology and expanding its applications. University like University of Waterloo (Canada), Stanford University, University of Colorado (US), and Norwegian University of Science and Technology provide education on the topic of microfluidics.

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Major Players within the Microfluidics Market
·         Agilent Technologies
·         Danaher
·         Thermo Fisher Scientific
·         Becton
·         Dickinson and Company
·         PerkinElmer
·         Qiagen

Rapid Growth of the Asia Pacific Market

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Rising healthcare expenditure in developing countries and increasing burden of infectious diseases is anticipated to present a lucrative growth scenario for the microfluidics market in this region. Furthermore, improving healthcare facilities, coupled with growing awareness among the population in the region is expected to present an attractive growth prospect for the market in the coming years.  

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APAC is expected to hold the largest share of this market in 2019:

The dominant share of this regional segment is mainly due to the lower cost of raw material and labor compared to the developed countries, increasing demand for medical devices due to the improving healthcare infrastructure, adoption of technologically advanced products, and the less stringent regulatory scenario compared to most developed countries.

2. RESEARCH METHODOLOGY
  1. Research Framework
  2. Data Collection Technique
  3. Data Sources
    1.  Secondary Sources
    2.  Primary Sources
  4. Market Estimation Methodology
    1.   Bottoms Up Approach
    2.   Top Down Approach
  5. Data Validation and Triangulation
    1.   Market Forecasting Model
    2.   Limitations of the Study
    3.   Assumptions of the Study






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