Billion-Dollar Microfluidics Market Analysis | North America to Dominate Market Growth through 2023-2027
The Global Microfluidics Market for Healthcare Applications is a billion-dollar sector in making with a forecast of USD 59.76 billion market revenue. It is estimated the market will exhibit growth at a CAGR of 20.16% between 2022 and 2027. Determinants comprise factors like the compact size of microfluidic devices, growth in lifestyle diseases, and advances in DNA sequencing.
North America to dominate market growth of Microfluidic Market For Healthcare Applications: North America is likely to contribute 45% to the growth of the global microfluidic market for healthcare applications during the forecast period owing to the presence of multiple medical device manufacturers in the region. Leading providers in the region include Baxter, Beckman Coulter, BD, Boston Scientific, General Electric, Johnson and Johnson Services, Medtronic, St. Jude, and Stryker, etc. are increasing their investment in the design and delivery of a wide range of medical devices which will integrate numerous microfluidic devices.
Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.
In 2020 and 2021 during the time of pandemic, increased research and testing activities related to COVID-19 at local laboratories, pharmaceutical companies, and diagnostic centers. Increased research activity has increased the demand for microfluidic technology, resulting in increased demand for microfluidic medical devices. Technavio’s analysts have elaborately explained the regional trends and drivers that are likely to shape the market during the forecast period.
Core Companies of the Microfluidic Market For Healthcare Application: 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., etc among others are some of the few key companies in the market landscape.
Organizations like 908 Devices Inc. offer desktop mass spectrometry devices and microfluidics for healthcare applications such as microfluidic CE. Track down a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus along with qualitative and quantitative analyses of companies with a wider understanding of the business ecosystem.
Technavio has been monitoring the Global Microfluidic Market for Healthcare Applications and has captured the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Unlock sample report on "Microfluidics Market for Healthcare Application Growth by Application, Material, and Geography - Forecast and Analysis 2023-2027"
Microfluidic Market Highlights of the Report for 2023-2027
