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DUBLIN, IRELAND, Mar 6, 2014 - (ACN Newswire) - Research and Markets (http://www.researchandmarkets.com/research/wvzpv6/microfluidics) has announced the addition of the "Microfluidics Market By Materials, Pharmaceuticals, Drug Delivery Devices, IVD - Global Trends & Forecast to 2018" report to their offering.
The global microfluidics market is valued at an estimated $1.59 billion in 2013 and is expected to grow at a CAGR of 17.6% in the next five years. The high growth in this market can be attributed to the rising demand for POC devices, quick return on investments provided by microfluidics devices which helps in cost reduction, and miniaturization of microfluidic chips.
The market is categorized into materials, products, and application segments. This report studies market estimations and trends for the above mentioned segments in three industries, namely, pharmaceutical, in-vitro diagnostics, and drug delivery devices. Factors such as the difficulty in incorporating emerging microfluidic technologies into existing workflows, and the complex and time consuming regulatory standards are hampering the growth of this market.
The market is expected to witness a high growth in the drug delivery devices segment, as these devices offer effective solutions for enhanced drug delivery through inhaler nozzles, micropumps, and micro needles. The micropumps market within the drug delivery devices segment is estimated to grow at the highest CAGR from 2013 to 2018; enhanced applications such as precise fluid control in nano and micro liter range are driving the growth of this market.
According to industry experts, the number of patent applications for microfluidics technology has increased from approximately 300 per year to around 4,000 per year. This increase in patent filings not only indicates the rising adoption of microfluidics technology across several applications but also the future opportunities in the competitive environment to capitalize the technology. Significant breakthroughs in nucleic acid analysis such as Human Genome project (HGP), and enhanced efficacy in applications such as drug discovery and Point-of-Care diagnosis are resulting in new patent filings.
North America accounts for the largest share of the global market, followed by Europe. However, Asia is expected to grow at the highest CAGR during the study period. The growth in investments and lower labor and raw material costs in this region are some of the major factors that are having a positive impact on the growth of the microfluidics market in Asia; markets such as China, Japan, India, and South Korea are the potential markets for investors in the near future.
Major players in the market include Abbott Laboratories (U.S.), Agilent Technologies (U.S.), Caliper Life Sciences (PerkinElmer) (U.S.), Cepheid (U.S.), DanaherCorporation (U.S.), Life Technologies Corporation (U.S.), and Roche Diagnostics (Germany). A majority of companies in this market are from the U.S.
Scope of the Report
Microfluidics is defined as the science of designing, fabricating, and formulating products and processes that deal with low volumes of fluids in the range of nanoliters or picoliters. The technology evolved from MEMS (Micro Electro Mechanical Systems) devices and can replicate all the functions of its counterparts in various healthcare applications such as, drug delivery, Point-of-Care (POC), and clinical diagnostics. This study covers the materials, industries, and applications revenue markets for the global market. The global revenue generated from various microfluidics products used in three industries, namely, pharmaceutical, in-vitro diagnostics, and drug delivery devices is considered to estimate the market size.
The sales volume of microfluidics products is not in the scope of this report.
Material
- Polymer-based Microfluidics
- Glass-based Microfluidics
- Silicon-based Microfluidics
- Other Material-based Microfluidics
Industry
- Pharmaceuticals
-- Microfluidic Chips for Laboratory Analytics
--- Toxicity Screening
--- Proteomics Analysis
--- Gene Sequencing
--- Capillary Electrophoresis
-- Accurate Dispensing Devices
-- Microreactors for Drug Synthesis
-- In-Vitro Diagnostics
--- Clinical Diagnostics
--- Point--- of--- Care Testing
--- Environmental Testing
--- Industrial Testing
--- Agro Food Testing
-- Drug Delivery Devices
--- Inhaler Nozzles
--- Micro Needles
--- Micro Pumps
Application
- Drug Delivery
- Industrial and Environmental
- Analytical Devices
- Pharmaceutical and Life Sciences Research
- Point-of-Care Diagnostics
- Clinical and Veterinary Diagnostics
Geography
- North America
- Europe
- Asia
- RoW (Africa, LATAM, the MiddleEast, and the Pacific countries)
Key Topics Covered
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Microfluidics Market, By Material
6 Microfluidic Devices Market, By Industry
7 Microfluidics Devices Market, By Applications
9 Competitive Landscape
10 Company Profiles
Company Profiles (Overview, Financials, Products & Services, Strategy, & Developments) are included for the following:
- Abbott Laboratories
- Agilent Technologies
- Bartels Mikrotechnik
- Becton, Dickinson And Company
- Bio-Rad Laboratories
- Biofluidix
- Cepheid
- Danaher
- Fluidigm
- Johnson & Johnson
- Life Technologies
- Microfluidic Chipshop
- Perkinelmer
- Raindance Technologies
- Roche Diagnostics
- Scienion
- Siemens Healthcare
Clients of Research and Markets in the area of Medical Devices include:
- Samsung Electronics Co., Ltd.
- McKinsey & Company, Inc.
- Siemens AG
- IGEN Biotech Group
- General Electric
- Medtronic Inc.
- Baxter International Inc.
- Merck & Co., Inc.
- Novartis International AG
- Philips
For more information visit http://www.researchandmarkets.com/research/wvzpv6/microfluidics
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Sector: Medical Devices
CONTACT INFORMATION
Contacts:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Topic: Research / Industry Report
Source: Research and Markets
https://www.acnnewswire.com
From the Asia Corporate News Network
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