Report : Europe Microfluidics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Microfluidic Chips, Microfluidic Sensors, Devices , Micropumps, Microneedles and Other Products), Material (PDMS, Polymers, Glass, Silicon, and Other Materials), Application (In Vitro Diagnostics, Pharmaceutical and Life Science Research, Drug Discovery, and Other Applications); and Country
According to our new market research study on “Microfluidics Market to 2027 – Europe Analysis and Forecast – by Product, Material and Application,” the market is expected to reach US$ 12,827.36 million in 2027 from US$ 3,625.15 million in 2019; it is estimated to grow at a CAGR of 17.4% from 2020 to 2027. The report highlights trends prevailing in the Europe Microfluidics Market and the drivers and restraints pertaining to the market growth.
Based on product, the Europe Microfluidics market is segmented into microfluidic chips, microfluidic sensors, devices , micropumps, microneedles and other products. The microfluidic chips segment is estimated to register the highest CAGR in the market during the forecast period. Increasing applications in drug discovery and pharmaceutical industry are the factors boosting the market for the microfluidic chips segment.
The Europe Microfluidics market growth is mainly attributed to factors such as adoption of microfluidics technologies in point-of-care testing, and advancement in microfluidics products are expected to propel the growth of the market. However, regulatory approval process is the major factor hindering the market growth.
COVID19 has affected the European countries which has led to high number of death cases. Many key players are launching product for detection of coronavirus. For instance, in May 2020, bioMérieux, announced the CE marking of VIDAS anti-SARS-CoV-2 serology tests. VIDAS anti-SARS-CoV-2 IgM and anti-SARS-CoV-2 IgG are used to measure the presence of antibodies in people who have been infected or exposed to SARS-CoV-2, which causes the COVID-19 disease.
Agilent Technologies, Inc., BD, Bio-Rad Laboratories Inc., Danaher, Dolomite Microfluidics (Blacktrace Holdings Ltd.), Fludigm Corporation, Illumina, Inc. microfluidic ChipShop GmbH, Perkin Elmer, Inc., and Thermo Fisher Scientific Inc. are among the leading companies operating in the Microfluidics Market.
Europe Microfluidics Market, By Country, 2019 (%)
The report segments Europe Microfluidics market as follows:
Microfluidics Market – By Product
- Microfluidic Chips
- Microfluidic Sensors
- Other Products
Microfluidics Market – By Material
- Other Materials
Microfluidics Market – By Application
- In Vitro Diagnostics
- Point-of-Care Testing
- Clinical Diagnostics
- Pharmaceutical and Life Science Research
- Drug Discovery
- Other Applications