Microfluidics Market Trends and Global Forecasts to 2018

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MarketsandMarkets Presents
Microfluidics Market worth 3.5 Billion by 2018

http//www.marketsandmarkets.com/Market-Reports/mi
crofluidics-market-1305.html
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The Microfluidics Market Materials (Polymers,
Silicon, Glass), Pharmaceuticals (Microreactors,
Toxicity Screening, Lab on Chip, Proteomic
Genomic Analysis) Drug Delivery Devices
(Microneedles, Micropumps), IVD (POC) - Global
Trends Forecast to 2018 analyzes and studies
the major market drivers, restraints, and
opportunities in North America, Europe, Asia, and
Rest of the World. Browse 72 market data
tables 55 figures 258 pages in- depth TOC on
Microfluidics Market   http//www.marketsandma
rkets.com/Market-Reports/microfluidics-market-1305
.html Early buyers will receive 10
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This report studies the global microfluidics
market over the forecast period of 2013 to
2018. The global microfluidics market is valued
at 1.59 billion in 2013 and is poised to reach
3.57 billion by 2018, at a CAGR of 17.6. The
microfluidics market is categorized based on
materials, products, and applications. The
polymers market (in the materials segment) and
in-vitro diagnostics market (in the products
segment) are considered as potential market
segments. The rising demand for POC diagnostic
devices, quick return on investments provided by
microfluidic devices which helps in cost
reduction, and miniaturization of microfluidic
chips are the major drivers for this market.
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The polymers market commands the largest share of
the microfluidics materials market in 2013 and is
expected to grow at a healthy CAGR of more than
20 during the study period. The growth in the
adoption rate of polymers by manufacturers, which
is driven by favorable properties of polymers
such as enhanced mechanical strength, optical
transparency, chemical stability,
biocompatibility, reduced costs, enhanced profit
margins, and extended applications, is the major
driver for this market. The in-vitro diagnostics
segment of the microfluidic products market
commands the largest share and is expected to
grow at a healthy CAGR in the next five years.
The large share of this segment can be attributed
to the increased adoption of microfluidics in IVD
by major diagnostic companies such as Roche
Diagnostics (Switzerland), Becton Dickinson and
Company (U.S.), Abbott Laboratories (U.S)
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The various advantages offered by microfluidics
are reduced reagent consumption, quick analysis,
and enhanced accuracy of test results. The
microfluidics clinical diagnostics market within
the IVD segment is estimated to witness the
strongest growth from 2013 to 2018. Enhanced
applications in diagnostics such as microfluidic
flow cytometry and cell surface markers are
driving the growth of this market. The drug
delivery devices market is expected to grow at
the highest CAGR during the study period. The
increasing use of microneedles and micropumps
driven by the enhanced efficacy of drug delivery
are the significant drivers of the market growth.
Micro pumps offer various advantages such as low
sample consumption, which leads to cost
reduction. This is one of the major factors
driving the growth of this market. The micropumps
market within the drug delivery devices segment
is estimated to grow at the highest CAGR from
2013 to 2018.
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The Point-of-Care diagnostics applications
segment accounts for the largest share of the
microfluidics applications market in 2013 and is
expected to grow at a CAGR of more than 20
during the study period. A number of factors such
as the growing demand for carrying out medical
tests at or near the site of patient care in
hospitals or at home, low consumption of samples
and reagents, miniaturization of devices, and
faster time of analysis are driving the growth of
the POC diagnostics market. North America
accounts for the largest share of the global
market in 2013. However, the Asian region is
expected to grow at a higher CAGR in the forecast
period. A number of factors such as lower labor
and raw material costs, and growth in investments
due to favorable economic conditions (especially
in China and India) are responsible for the high
growth of the microfluidics market in Asia.
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