TechNavio today launched its report, Global Microfluidic Devices Market in the Healthcare Industry 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said: ”The market is witnessing the increasing use of microfluidic devices in drug discovery. Microfluidic devices are used in drug discovery because they significantly reduce the time and cost of producing drugs. They help in producing large amounts of biological materials such as proteins or enzymes required for drug screening. This helps drug development companies to reduce the initial expenses of drug development and at the same time gain speed in bringing a drug to market.”
According to the report, the market is witnessing the increasing use of microfluidic devices in Point of Care (POC) testing. Microfluidic devices are used in POC testing because they aid in the diagnosis of diseases in the presence of patients, which ensures convenience. The glucose monitor, one of the first microfluidic-based POC diagnostic devices, has become a standard commodity because it is inexpensive to make and works well. The POC Diagnostics segment is one of the fastest growing segments in the Global Microfluidic Devices market in the Healthcare industry. Thus, the increasing use of microfluidic devices in POC diagnostics will lead to market growth.
Further, the report reveals that one of the major challenges in the market is the intense competition among vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-microfluidic-devices-market-heal…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Healthcare market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report – Global Microfluidic Devices Market in the Healthcare Industry 2011-2015
