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Microfluidics Market to Grow at a CAGR of 17.6% to 2018 Forecasts in New Research Report at RnRMarketResearch.com
Date:12/23/2013

Dallas, Texas (PRWEB) December 23, 2013

The global microfluidicsmarket is valued at an estimated $1.59 billion in 2013 and is expected to grow at a CAGR of 17.6% in the next five years.

The global microfluidics marketis categorized into materials, products, and applications segments. This report studies the market trends for the above mentioned segments in three industries, namely, pharmaceutical, in-vitro diagnostics, and drug delivery devices.Based on materials, the market is classified into polymers, silicon, glass, and other materials. Based on products, the pharmaceutical market is categorized into microfluidic chips for lab analytics, accurate dispensing devices, and microreactors for drug synthesis. The in-vitro diagnostics segment is further segmented into clinical diagnostics, Point-of-Care, environmental testing, industrial testing, and agro food testing. The drug delivery devices market is categorized into inhaler nozzles, micro needles, and micro pumps.

Complete report is available at http://www.rnrmarketresearch.com/microfluidics-market-by-materials-polymers-silicon-glass-pharmaceuticals-microreactors-toxicity-screening-lab-on-chip-proteomic-genomic-analysis-drug-delivery-devices-microneedles-microp-market-report.html.

The rising demand for POC diagnostic devices, quick return on investments offered by microfluidics devices which helps in cost reductions, and miniaturization of microfluidic chips will be the major drivers for this market.However, factors such as difficulty in incorporatingemerging microfluidic technologies into existing workflows and presence of complex and time consuming regulatory
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