Microfluidics Market to Register Substantial Expansion by 2025

The global microfluidics market depicts a consolidated and competitive landscape, finds Transparency Market Research (TMR) Key players in the market like Thermo Fisher Scientific, Danaher Corporation, and F. Hoffman-La Roche AG hold a large share of the total revenues, adds TMR. Major players in the market are focused on expanding their global footprint, which is fuelling the competition in the market.

Read Report Overview - https://www.transparencymarketresearch.com/microfluidics-market.html

Main players in the global microfluidics market are also making large investments in research and development. Currently, cell manipulations, functional biomaterials, and flexible bio devices present a major opportunity for research. These areas require large amounts of microfluidics to govern the morphology and makeup of materials. Additionally, they are interconnected based on basic principles.

Moreover, these areas promise lucrative commercial promise through infectious disease prevention, studying genetic connections of widely prevalent diseases like Malaria, and are aligned with core goals in the healthcare sector. Hence, research and development is expected to help key players gain a leading edge in the global microfluidics market in the near future.

Request a PDF Sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18716

The global microfluidics market is expected to reach US$12.45 bn by 2025 end, rising from US$4.76 bn in 2016. The market is expected to garner a robust 11.4% CAGR during 2016-2025, thanks to the rising demand of Point-Of-Care (POC) diagnostic devices. These devices are in high demand as they provide a safe and low-cost alternative to conventional alternatives. Large population in Asia Pacific and prominence of POC devices in emerging regions is expected to drive growth of the microfluidics market in Asia Pacific.

Request for Analysis of COVID19 Impact on Microfluidics Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=18716

Glucometer and Pregnancy Kits to Boost the Microfluidics Market

According to US Census Bureau, by 2030 1 in 5 adult will be of retirement age. By 2035, there will be 78 million people over 65 in the US. These trends are also prevalent in Europe and to a lesser extent in Asia Pacific. The rise in elderly population globally is leading to an increased in diagnostic services, especially for lifestyle diseases such as diabetes.

According to Centers for Disease Control and Prevention (CDC), over 30 million people in the United States have diabetes. Additionally, 84 million adults show prediabetes symptoms. Approximately, over 30% of Americans are at risk of type 2 diabetes. Devices like glucometer provide a quick, effective and low-cost mechanism for diabetes patients to check on their cholesterol, and glucose levels. Additionally, chip-in-a-lab applications of microfluidics are providing new advantages to researchers in diagnosing patients. These are also making way for improvements in quality of diagnostics by providing a more accurate analysis. Hence, the rising geriatric population, sedentary lifestyle, and rise in incidences of diabetes are expected to propel the microfluidics market.

Purchase Microfluidics Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=18716

Contact

Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.