Microfluidics is an emerging field presenting a remarkable potential for numerous applications, such as analytics, drug development, education, point-of-care diagnostics, organ-on-a-chip, research and development, chemical synthesis, and biomedical assays.
There is a definite need for enhancing the present solutions for the manufacturing of microfluidics tools with more efficiency to be used for applications. Prototyping is an important step in product development used by companies. It helps the developers and designers to create partial product implementations.
Regional Insights:
North America is expected to be the largest market owing to the introduction of better-quality sample volume screening techniques, accessibility of high funding, and high research capital. U.S. is expected maintain the highest market share in the region owing to developed economies and technological advancement.
The Europe market is anticipated to exhibit a high CAGR over the forthcoming period since England plays a significant role owing to the increasing technical innovations. Asia Pacific is the fastest growing market due to the emerging economy, low labor cost, and developing research infrastructure. Global companies are trying to saturate untapped markets by presenting their products in the APAC region.
Market Insights
uFluidix manufactures offer prototyping facilities of microfluidics devices and delivers grants for advanced startups and technologies in the initial prototype growth stage. It has integrated with a community named as the Microfluidic Circle, which inspires inventions and technological progressions in the arena.
In May 2018, the company approved USD 50,000 worth of fabrication and design services to uFraction8 Ltd., a producer of microfluidic-based filtration schemes. Some manufacturers are starting alliances to transport advanced quality solutions to customers. For example, in July 2017, Aline, Inc. declared a planned corporation with Triple Ring Technologies (TRT) to offer diagnostic solutions in situations where microfluidic consumables are maintained with instrument automation.
Leading players operating in the microfluidics prototype market include thinXXS Microtechnology; micro LIQUID; Potomac; ALine, Inc.; Alvéole; uFluidix; Micronics, Inc.; and research groups from several universities. These key manufacturers also emphasize on numerous other business strategies, such as product developments, partnerships, technical collaborations, agreements, and capacity expansions to support their market place.
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