Corporate Banner
Satellite Banner
Technology
Networks
Scientific Communities
 
Become a Member | Sign in
Home>News>This Article
  News
Return

Microfluidics Market Expected to Grow at a CAGR 17.6% to 2018

Published: Thursday, January 09, 2014
Last Updated: Thursday, January 09, 2014
Bookmark and Share
The high growth in this market can be attributed to the rising demand for point of care devices.

Research and Markets 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.


Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,000+ scientific posters on ePosters
  • More Than 4,400+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Global Molecular Spectroscopy Market 2014-2018
Owing to the diverse nature of molecular spectroscopy technologies, these technologies cover a wide area of applications.
Thursday, April 17, 2014
Global Metabolomics Market Report 2013 - Forecasts to 2017
Report covers the market by disease indications along with the applications and metabolite profiling for biomarker discovery applications.
Wednesday, January 15, 2014
Global Healthcare IT Outsourcing Market Report to 2018 with Application & Industry Breakdown
Research and Markets has announced the addition of the "Global Healthcare IT Outsourcing Market Report to 2018" report to their offering.
Friday, October 18, 2013
Scientific News
Computational Model Finds New Protein-Protein Interactions
Researchers at University of Pittsburgh have discovered 500 new protein-protein interactions (PPIs) associated with genes linked to schizophrenia.
Experimental Drug Cancels Effect from Key Intellectual Disability Gene
A University of Wisconsin—Madison researcher who studies the most common genetic intellectual disability has used an experimental drug to reverse — in mice — damage from the mutation that causes the syndrome.
MicroRNA Pathway Could Lead to New Avenues for Leukemia Treatment
Cancer researchers at the University of Cincinnati have found a particular signaling route in microRNA (miR-22) that could lead to targets for acute myeloid leukemia, the most common type of fast-growing cancer of the blood and bone marrow.
Bioreactors Ready for the Big Time
Bioreactors are passive filtration systems that can reduce nitrate losses from farm fields.
Analysis of Dog Genome will Provide Insight into Human Disease
An important model in studying human disease, the non-coding RNA of the canine genome is an essential starting point for evolutionary and biomedical studies – according to a new study led by The Genome Analysis Centre (TGAC).
‘Mini-Brains’ to Study Zika
Novel tool expected to speed research on brain and drug development.
Finding Factors That Protect Against Flu
A clinical trial examining the body’s response to seasonal flu suggests new approaches for evaluating the effectiveness of seasonal flu vaccines.
New Insights into Gene Regulation
Researchers have solved the three-dimensional structure of a gene repression complex that is known to play a role in cancer.
Controlling RNA in Living Cells
Modular, programmable proteins can be used to track or manipulate gene expression.
Common Class of Cancer Drugs May Not Lead to Cognitive Decline
UCLA study refutes 2015 research suggesting anthracyclines could cause memory loss, other impairments.
Scroll Up
Scroll Down
Skyscraper Banner

Skyscraper Banner
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,000+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,400+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!