India Microfluidics Market to Witness Robust Growth until 2025
Launch of microfluidics-based 3D cell culture systems to
drive India microfluidics market
According
to TechSci Research report, “India Microfluidics Market By Component Type (Microfluidic
Chips, Microfluidic Sensors, Microfluidic Pumps, Microneedles, Others), By Material
(Polymer, Glass, Silicon, PDMS, Other), By Application (In Vitro diagnostics
(Point-of-Care Testing, Clinical Diagnostics, Environmental Testing, Industrial
Testing, Agro Food Testing), Pharmaceutical Research (Lab Analytics,
Microdispensing, Microreaction), Drug Delivery (Inhaler Nozzles, Microneedles,
Micropumps), By Region, Forecast & Opportunities, 2025”, the market is anticipated to witness robust growth during
the forecast period owing to technological advancements in healthcare sector
including development of advanced lab-on-a-chip technologies. The market is
also witnessing surging demand for point-of-care testing and in-vitro
diagnostics, which are acting as key growth drivers for India microfluidics
market. Moreover, development of advanced lab-on-a-chip technologies and high-throughput
screening methodologies are key growth drivers for the market. Additionally,
with growing focus on data precision & accuracy, the market is expected to
grow further over the coming years.
Additionally, the advantages offered by microfluidics including
fast returns on investment and rapid testing are fueling the growth of this
market in India. Launch of microfluidics-based 3D cell culture systems like organ-on-a-chip
has led to spike in demand for microfluidics in the country. Also, growing
application of drug delivery technologies is acting as major growth factor for
India microfluidics market.
However, the market might also face some restrains.
Stringent regulatory framework for approval of microfluidics devices might pose
as a challenge before manufacturers. Moreover, high price of integrated systems
and microfluidics sensors might limit the market growth in India.
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The India
microfluidics market is segmented based on component type, material,
application, sector, end user and region. Based on application, the market is segmented
into in vitro diagnostics, pharmaceutical research and drug delivery. The in
vitro diagnostics segment is further split into point-of-care testing, clinical
diagnostics, environmental testing, industrial testing and agro food testing. Moreover,
the pharmaceutical research segment is categorized into lab analytics,
microdispensing, microreaction and drug delivery segment is categorized into inhaler
nozzles, microneedles and micropumps.
Among them, the in vitro diagnostics segment is expected to witness
highest growth in India through 2025 owing to high demand for point-of-care
testing and increasing adoption of microfluidic techniques in laboratory
analytical testing.
Based
on end user, India microfluidics market is categorized into hospitals,
industrial R&D, research laboratories and academia. Among them, the
hospital segment is anticipated to witness fastest growth during the forecast
period due to growing adoption of microfluidic techniques in hospitals for
rapid diagnosis of various chronic diseases. Also, microfluidics provides closer
monitoring and faster diagnosis, which is leading to high demand from hospital
segment.
Major players operating in the India microfluidics
market include Parker-Hannifin Corporation, SMS Corporation, Becton Dickinson
Pvt Ltd, Roche Diagnostics India Private Limited, Bio-Rad laboratories India
Pvt.Ltd, Murata Manufacturing Co Ltd, Danaher Corporation, Thermo Fisher
Scientific Inc, Perkin Elmer Inc and Abbott Laboratories. The companies are
focusing on developing new products through extensive R&D activities.
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“The
thriving healthcare sector in India is providing huge growth opportunities for
microfluidics companies. The country is witnessing increasing prevalence of
chronic diseases and with this, the government is increasing investment on
healthcare, thereby making India a lucrative market for microfluidics
manufacturers. With demand for high-quality research tools for data
reproducibility, the market is expected to undergo a rapid growth in the coming
years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“India Microfluidics Market By Component Type
(Microfluidic Chips, Microfluidic Sensors, Microfluidic Pumps, Microneedles,
Others), By Material (Polymer, Glass, Silicon, PDMS, Other), By Application (In
Vitro diagnostics (Point-of-Care Testing, Clinical Diagnostics, Environmental
Testing, Industrial Testing, Agro Food Testing), Pharmaceutical Research (Lab
Analytics, Microdispensing, Microreaction), Drug Delivery (Inhaler Nozzles, Microneedles,
Micropumps), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of India microfluidics
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India microfluidics market.
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