MICROFLUIDIC MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing Focus on Lab-on-a-Chip Technologies

Increasing focus on developing advanced lab-on-a-chip technologies can also drive the market growth. Lab-on-a-chip refers to miniaturized devices that can replicate complex laboratory tests on a single microchip. By virtue of its ability to handle picolitre to nanolitre volumes of fluids, microfluidics provides an ideal platform for lab-on-a-chip development. Researchers are leveraging microfluidic techniques to design sophisticated chips mimicking microreactor, micropump, microvalve and micromixer functions of conventional analytical instruments on a compact footprint. This has led to the emergence of cutting-edge lab-on-a-chip systems capable of conducting advanced biomedical applications such as high-throughput screening, DNA sequencing, molecular diagnostics directly from minute native samples. Growing investments from governments and funding bodies to encourage lab-on-a-chip innovations enables the creation of highly integrated "labs" on a single microfluidic device. As more researchers realizing the potential of lab-on-a-chip to revolutionize fields like genetics, pharmacology and personalized medicine, microfluidics market can witness growth in the near future.