According to our new market research study on “Microfluidics Market to 2027 – Asia Pacific Analysis and Forecast – by Product, Material and Application,” the market is expected to reach US$ 8,788.24 million in 2027 from US$ 2,294.22 million in 2019; it is estimated to grow at a CAGR of 18.6% from 2020 to 2027. The report highlights trends prevailing in the Asia Pacific microfluidics Market and the drivers and restraints pertaining to the market growth.
Based on product, the Asia Pacific 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 Asia Pacific Microfluidics market growth is mainly attributed to factors such as application of microfluidics technologies in point-of-care testing, and technological development in microfluidics products are expected to propel the growth of the market. However, lower adoption in emerging economies is the major factor hindering the market growth.
COVID19 has affected the Asia Pacific countries which has led to high number of mortality due to coronavirus. Coronavirus diagnostic with microfluidics is one option that’s gained a lot of attention. For instance, In June 2020, researchers from the Hong Kong University of Science and Technology (HKUST) has discovered the world’s fastest portable COVID-2019 detection device. With the latest microfluidic chip technology, the device has the potential to detect the virus in just 40 minutes from sampling to testing.
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.
Asia Pacific Microfluidics Market, By Country, 2019 (%)
Asia Pacific Microfluidics Market to Grow at a CAGR of 18.6% to reach US$ 8,788.24 Million from 2020 to 2027
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Asia Pacific 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
Asia Pacific Microfluidics Market to Grow at a CAGR of 18.6% to reach US$ 8,788.24 Million from 2020 to 2027
Download Free SampleAsia Pacific 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
The report segments Asia Pacific Microfluidics market as follows:
Microfluidics Market – By Product
- Devices
- Microfluidic Chips
- Microfluidic Sensors
- Micropumps
- Microneedles
- Other Products
Microfluidics Market – By Material
- PDMS
- Glass
- Silicon
- Polymer
- Other Materials
Microfluidics Market – By Application
- In Vitro Diagnostics
- Point-of-Care Testing
- Clinical Diagnostics
- Pharmaceutical and Life Science Research
- Drug Discovery
- Other Applications
By Country
- China
- Japan
- India
- South Korea
- Australia