Microfluidics Market To Reach USD 35.23 Billion By 2028 | Top Key Players Illumina, Inc.; F. Hoffmann-La Roche Ltd; PerkinElmer, Inc.

Microfluidics Market To Reach USD 35.23 Billion By 2028 | Top Key Players Illumina, Inc.; F. Hoffmann-La Roche Ltd; PerkinElmer, Inc.
Microfluidics has been used in the study of antibiotic-resistant bacteria, nanoparticle transport in blood, and chemical reaction kinetics, to name a few.

The global microfluidics market size is expected to reach USD 35.23 billion by 2028 at a CAGR of 11.8% according to a new report by Reports and Data.

Microfluidics has been used in the study of antibiotic-resistant bacteria, nanoparticle transport in blood, and chemical reaction kinetics, to name a few. As a result of the increased importance of research, the microfluidics market is expected to rise in revenue. Cancer and pathogen detection are two diagnostic applications of microfluidics that have tremendous economic and technical potential for the microfluidics industry. Microfluidic instruments are used to measure molecular diffusion coefficients, fluid viscosity, pH, and chemical binding coefficients. In the pharmaceutical industry, microfluidic systems are used for a variety of analytical purposes in biopharmaceutical production, including monitoring and optimising protein drug production and assays involving human cells.

The costly R&D process needed to develop microfluidic devices and make them commercially viable may be a stumbling block for the microfluidics industry. However, attempts are being made to make this possible.

Asia Pacific is projected to be the fastest-growing area due to advanced research infrastructure, low labour costs, and the adoption of microfluidic platforms. This underserved market has piqued the attention of foreign investors.

 Get a sample copy of the global Microfluidics market report @ https://www.reportsanddata.com/sample-enquiry-form/3871

Key Highlights from the Report

  • In February 2021, Fluidigm, a market leader in microfluidics, announced that fourth-quarter revenues rose 38 percent year over year as demand for COVID-19 research drove sales. According to estimates, the company’s microfluidics revenues grew by 98 percent in Q4 to USD 21 million.
  • In order to resolve fluid volume manipulation issues in current microfluidic control systems, Fluigent developed the MFCSTM series of microfluidic systems based on its patented FASTAB technology, which features pressure-controlled flow control that allows a pulseless flow and greater responsiveness.
  • In recent years, microfluidics has become increasingly important in PCR because it allows for the integration of the entire biological process, resulting in multiplexed, high-throughput, and highly parallel assays. As a result, the medical technology segment led the industry in terms of sales.
  • Due to the coronavirus pandemic, demand for microfluidic PCR devices has skyrocketed. Every day, millions of tests were demanded to identify the virus and to distinguish the infected from the healthy. In 2020, the microfluidics industry witnessed unprecedented sales growth as a result of this.
  • In 2020, the lab-on-a-chip segment dominated the microfluidics industry, and this dominance is expected to continue during the forecast period.
  • In 2020, the PDMS-based microfluidic chips segment had the largest revenue share, and it is projected to rise at the fastest rate during the forecast period.
  • Due to the presence of well-established industry leaders, financial support and resource availability for microfluidics research, advanced technologies, and high demand for POC diagnostics, the microfluidics market in North America held the largest revenue share.
  • Some of the key industry contributors are Illumina, Inc.; F. Hoffmann-La Roche Ltd; PerkinElmer, Inc.; Agilent Technologies, Inc.; Bio-Rad Laboratories, Inc.; Danaher Corporation; Life Technologies Corporation; Abbott Laboratories Thermo Fisher Scientific; Qiagen; Biomérieux; Elveflow; Cellix Ltd.; Micronit Micro Technologies B.V.; and Fluidigm Corporation.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3871

Segments Covered in the Report This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For this study, Reports and Data has segmented the global microfluidics market report based on technology, application, material, and region:

Technology Outlook (Revenue, USD Million, 2018 – 2028)

  • Medical/Healthcare
    • PCR & RT-PCR
    • Gel Electrophoresis
    • Microarrays
    • ELISA
    • Others
  • Non-Medical

Application Outlook (Revenue, USD Million, 2018 – 2028)

  • Lab-on-a-chip
    • Medical
    • Non-Medical
  • Organs-on-chips
    • Medical
    • Non-Medical
  • Continuous flow microfluidics
    • Medical
    • Non-Medical
  • Optofluidics and microfluidics
    • Medical
    • Non-Medical
  • Acoustofluidics and microfluidics
    • Medical
    • Non-Medical
  • Electrophoresis and microfluidics
    • Medical
    • Non-Medical

Material Outlook (Revenue, USD Million, 2018 – 2028)

  • Silicon
  • Glass
  • Polymer
  • PDMS
  • Others

Regional Outlook (Revenue, USD Million, 2018 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3871

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/report-detail/iot-analytics-market