Report : North America 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 – North America Analysis and Forecast – by Product, Material and Application,” the market is expected to reach US$ 18,301.24 million in 2027 from US$ 4,901.47 million in 2019; it is estimated to grow at a CAGR of 18.2% from 2020 to 2027. The report highlights trends prevailing in the North America microfluidics Market and the drivers and restraints pertaining to the market growth.
Based on product, the North America 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 North America Microfluidics market growth is mainly attributed to factors such as growing market for microfluidics technologies in point-of-care testing, and technological advancement in microfluidics products are expected to propel the growth of the market. However, challenges in product commercialization is the major factor hindering the market growth.
COVID19 has affected the North American countries which has led to high number of coronavirus cases. Coronavirus diagnostic with microfluidics is one option that’s gained a lot of attention. For instance, US-based researchers from Broad Institute have developed a CRISPR-based molecular diagnostics stage with the help of microfluidics chips to detect viruses in human samples. This single chip has the potential to detect a single virus in more than 1,000 samples at a time.
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.
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