Microfluidics Market to Hit Double Digit CAGR by 2030: Market
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Microfluidics works on the basic principle of controlling the fluids of a smaller scale that are normally at a sub-millimeter, scale at which capillary penetration governs the mass transportation. On the basis of market size and Forecast by Type the microfluidics market is segmented into chips, sensors, micro-pumps, micro-needles. On the basis of market size and forecast by material into glass, polymer, silicon. And on the basis of market size and forecast by application the microfluidics market is segmented into In-vitro diagnostics, laboratory testing, pharmaceuticals and life sciences.
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Major Key Vendors in Microfluidics Market
The prominent players in the global microfluidics market are Agilent Technologies, Danaher, Thermo Fisher Scientific, Becton, Dickinson and Company, PerkinElmer, Qiagen, Abbott Laboratories, Fluidigm Corporation, Illumina, Inc., and F. Hoffmann-La Roche AG, among others.
Some Key Points for TOC
1. GLOBAL MICROFLUIDICS MARKET - ANALYSIS & FORECAST, BY TYPE
1.1. Introduction & Definition
1.2. Chips
1.3. Sensors
1.4. Micro-Pumps
1.5. Micro-needles
1.6. Others
2. GLOBAL MICROFLUIDICS MARKET - ANALYSIS & FORECAST, BY MATERIAL
2.1. Introduction
2.2. Glass
2.3. Silicon
2.4. Polymer
2.5. Other Materials
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Increasing Incidences of Infectious Diseases
According to World Health Organization (WHO) Infectious diseases are one of the major causes of death across the world. It is estimated that the prevalence of infectious disease in Russia is one of the highest in world, followed by Brazil and US. According to Center for Disease Control (CDC), the total number of individuals suffering from hepatitis A in 2011 was approximately 2,700. Similarly, the number of individuals suffering from chronic hepatitis B was estimated to be between 2.5 to 3.9 million. Growing incidences of such infectious diseases has presented a lucrative growth prospect for the microfluidics market, as this technique is widely used for detection of such conditions.
Stringent Regulatory Scenario to Restrain the Market
The presence of stringent regulatory processes is one of the major factors affecting the growth of the membrane chromatography market. Similarly complex regulatory approval scenario is anticipated to restrain the extensive growth of the market during the forecast period.
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