Global Microfluidics Market: Key Highlights
Global Microfluidics Market: Key Market Dynamics
Global Microfluidics Market: Regional Overview
The growth of microfluidics market in North America is growing at a significant pace owing to rise in chronic diseases such as diabetes, obesity, cardiovascular diseases and cancer, among others. Increasing healthcare spending, ongoing technological advancement in the healthcare sector in the region is driving the market growth. Ongoing demographic shift towards aged population, leading to growth in the healthcare expenditure from USD 3.5 trillion to USD 6 trillion from 2017 to 2027, is fueling the demand for medical diagnosis and treatment devices, which foster the demand for microfluidics.
In Asia-Pacific, the market is projected to grow on the grounds of growing incidence of the chronic diseases in the region. Growing healthcare sector, increased spending on healthcare among the Asian population with increasing demand for POC testing is further fueling the market growth. Increasing investment in boosting the healthcare infrastructure is favoring the market growth in the years to follow.
Global Microfluidics Market: Key Players Overview
Thermo Fisher Scientific Inc. is the US based company offering medical instruments, equipment, software, services and consumables used across healthcare facilities and research centers. The company offers product portfolio for accelerating life science research, enhancing clinical & diagnostics and therapies, industrial & science application. In June 2019, Thermo Fisher Scientific collaborated with Newomics, a company offering microfluidic emitters for liquid chromatography-mass spectrometry for development of microflow LC-MS workflows.
PerkinElmer, Inc. operated through offering consumables, accessories, informatics, reagents., instruments, software used in diagnostics, microbial analysis, life science research, and other application areas. The company offers microfluidic chips along with LabChip microfluidic platform designed specifically to perform multiple assay for analyzing nucleic acids, proteins, or small molecules.
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