NEW YORK, Nov. 24, 2023 /PRNewswire/ — The “microfluidic market for healthcare application is segmented by application (In-vitro diagnostics, pharmaceutical research, and drug delivery services), material (polymer-based, glass-based, and silicon-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2023-2027″ report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the microfluidic market for healthcare applications from 2023 and 2027 is USD 43.27 billion.
Technavio has announced its latest market research report titled Global Microfluidic Market for Healthcare Application
The compact size of microfluidic devices is a key factor driving market growth. The microfluidic device is compact and uses fewer reagents, resulting in lower costs and reduced medical waste. Precise temperature control, rapid heat transfer, and rapid adaptation to temperature changes are facilitated by the large surface area to volume ratio and low thermal mass of these devices.
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Market Challenge
The changes in the properties of fluids at the microscopic level are significant challenges restricting market growth. At a microscopic level, microfluidics have a tendency to change their properties. Compared to the use of the same fluid at a macro scale, fluids behave differently on microscales. The occurrence of slip resistance is also an important factor to consider in drug testing. There is no leakage between liquids and solids on the microscopic level. Liquid molecules adhere to a solid surface and the liquid moves against it.
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The microfluidic market for healthcare application has been segmented by application (In-vitro diagnostics, pharmaceutical research, and drug delivery services), material (polymer-based, glass-based, and silicon-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the in-vitro diagnostics segment will be significant during the forecast period. In vitro diagnostics represent a significant percentage of the applications for microfluidics in healthcare. There is a great deal of scope for microfluidics in diagnostics. Large companies are interested in the use of In Vitro Diagnostics technology, which is also an investment or acquisition area for smaller firms.
North America is estimated to contribute 44% to the growth of the global microfluidic market for healthcare applications during the forecast period.
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Key Companies in the microfluidic market for healthcare application:
908 Devices Inc., Agilent Technologies Inc., bioMerieux SA, Bio Rad Laboratories Inc., Blacktrace Holdings Ltd., Cellix Ltd., Danaher Corp., Elveflow, Fluigent SA, General Electric Co., Hamilton Bonaduz AG, Illumina Inc., Microfluidic Chipshop GmbH, MICRUX FLUIDIC S.L., Perkin Elmer Inc., SMC Corp., Teledyne Technologies Inc., Thermo Fisher Scientific Inc., uFluidix Inc., and QIAGEN NV
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Material
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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