Product ID: SQMIG35A2288
Report ID:
SQMIG35A2288 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
63 |
Figures:
77
In 2022, North America held a 42.96% share of the regional microfluidics market and is anticipated to grow at a CAGR of 10.72% over the following five years. The primary driver of market expansion is an increase in research funding from government agencies and businesses. The industry-academia collaboration to hasten the commercialization of lab-built devices as a result of the need for microfluidics devices in the research and diagnostics fields.
Due to its advanced research infrastructure, rising economy, and cheap labor, Asia Pacific is predicted to grow at a rapid rate of 16.08% during the projected period. The unexplored APAC microfluidics industry is attractive to international investors. Foreign competitors control a sizable portion of the market for microfluidic diagnostic tests. However, major competitors in the region are putting forth unique and intriguing solutions that are both exciting and interesting in terms of performance and, more importantly, interesting in terms of pricing, which will help them to increase their market share in the upcoming years.
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Product ID: SQMIG35A2288