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Wednesday, November 15, 2023

The Global Microfluidics Market is Expected to Grow with a CAGR of 13.8% from 2024 to 2030

According to a market report by Lucintel, the future of the global microfluidics market looks promising with opportunities in the lab-on-a-chip, organs-on-chips, continuous flow microfluidics, optofluidics and microfluidics, acoustofluidics and microfluidics, and electrophoresis and microfluidics markets. The global microfluidics markets is expected to reach an estimated $65.5 billion by 2030 with a CAGR of 13.8% from 2024 to 2030.

The major drivers for this market are an increase in analytical and clinical research activities, rising prevalence of chronic diseases, such as cancer, diabetes and cardiovascular disease, and growing demand of point-of-care diagnostics.

In this market, medical/healthcare and non-medical are the major segments of microfluidics markets by technology type.

Lucintel forecasts that medical/healthcare is expected to witness higher growth over the forecast period as they play an important role in the fields of bioanalytical, chemical synthesis and information technology.

Within this market, lab-on-a-chip will remain the largest segment as it possess the great potential for ultra-fast virus and bacteria detection in seven minutes.

North America will remain the largest region over the forecast period due to increasing healthcare expenditure and growing funding for research by government agencies in the region.

IIIumina, F. Hoffmann-La Roche, Perkinelmer, Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Abbott, and Standard BioTools are the major suppliers in the microfluidics markets.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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