DUBLIN, Mar 21, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Microfluidics Market - World Forecasts to 2022" report to their offering.

Microfluidics is the science and technology discipline of controlling fluids, usually in the range of microliters to picolitres, in networks of channels with lowest dimensions. The report studies the market for the application of microfludics in pharmaceutical, in-vitro diagnostics, and drug delivery devices. The market is anticipated to grow at a robust CAGR during the forecasted period, i.e. 2017-2022. This growth is likely to be driven by the rising demand for point-of-care devices, quick return on investments provided by microfluidics devices resulting in cost reductions, and miniaturization of microfluidic chips.

On the contrary, manufacturing difficulties and high capital investment for lab-on-chip devices are two of the major challenges faced by this sector. Other major factors such as tough incorporation of emerging microfluidic technologies into existing workflows, and complex and time consuming regulatory standards are hampering the growth of microfluidics market.

The market for microfluidic devices all over the world was worth US$3 Billion in 2016, and is poised for a double digit growth during the forecasted period (2017-2022). The new report also focuses on microfluidics market by material, such as ceramics, polymers, glass, and silicon; by components, such as microfluidic chips, pumps, and needles; by application, and territory.

Asia Pacific is poised to witness a lucrative growth in the coming years. This is attributed to the increasing mergers and acquisitions, and technological advancements in emerging countries. However, North America accounted for the largest share in 2016. The increasing adoption of microfluidics technology and the incessant launches of new products in the North American region are driving the market growth.

Companies Mentioned

• Abbott
• Agilent Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• F. Hoffmann-La Roche Ltd.
• Fluidigm Corporation
• Illumina, Inc.
• Perkin Elmer, Inc.
• Shimadzu Corporation
• Thermo Fisher Scientific, Inc. 
  

Key Topics Covered:

1. Analyst View

2. Research Methodology

3. Microfluidics - An Introduction

4. Microfluidics Market Overview

5. Drivers & Challenges

6. Market Segmentation

7. Regulatory Scenario

8. Trends & Developments

9. Competitive Assessmen

For more information about this report visit http://www.researchandmarkets.com/research/rk8bmr/microfluidics

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SOURCE Research and Markets