Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) — The “Microfluidics Global Market Report 2022” Report has been added ResearchAndMarkets.com Offer.
The global microfluidics market is expected to grow from US$6.07 billion in 2021 to US$6.86 billion in 2022 at a compound annual growth rate (CAGR) of 13.10%. The microfluidics market is expected to grow to US$10.79 billion by 2026 at a compound annual growth rate (CAGR) of 11.99%.
The main types of microfluidics include silicone-based microfluidics, glass-based microfluidics, and polymer-based microfluidics. Silicon-based microfluidics refers to micro-fabricated devices used for chip-scale management of tiny amounts of fluid that are made by mixing silicon with other materials such as glass, polymers, or other materials. They are used for various applications ranging from industrial or environmental, drug delivery, pharmaceutical and life science research, analysis to clinical and veterinary diagnostics.
North America was the largest region in the Microfluidics Market in 2021. North America is projected to be the fastest growing region during the forecast period. Regions covered in Microfluidics market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing demand for advanced and better point-of-care testing in the healthcare industry is driving the microfluidics market. Point-of-care testing (POCT) allows physicians to detect and diagnose diseases on or near the patient faster than traditional laboratory tests. The microfluidics-based POC devices are portable and inexpensive devices that are very precise and fast. Countries around the world are increasingly investing in POC testing capacity to provide hassle-free testing services to the country’s residents, which is expected to spur demand for innovative microfluidics used in POC testing devices.
In November 2021, the United States Department of Health and Human Services (HHS) invested $650 million from…
