Technological advancements and development of microfluidic 3D
lab-on-a-chip devices to drive Australia microfluidics market
According to TechSci Research report, “Australia 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 expected to grow at a significant CAGR during the forecast period.
Key factors propelling the growth of Australia microfluidics market include
technological advancements in diagnostics devices, rising demand for
point-of-care testing and growing focus on data precision & accuracy.
Moreover, development of advanced lab-on-a-chip technologies have led to surge
in demand for microfluidics in Australia. Also, introduction of cost-effective
mass-production process of diagnostic devices through lab-on-chip technologies
are augmenting Australia microfluidics market. On the other hand, low-volume
sample analysis and high-throughput screening methodologies are further
anticipated to fuel the market growth in the coming years.
Additionally, growing adoption of vitro diagnostics are acting as major
growth factor for microfluidics market in Australia. Evolution of
microfluidics-based 3D cell culture systems such as organ-on-a-chip are also
supporting the market growth. Furthermore, microfluidics offers several
advantages including fast returns on investment and faster testing which are
leading to their growing demand in Australia. Apart from that, growing
prevalence of chronic diseases and increasing requirement for molecular
diagnosis are expected to drive Australia microfluidics market through 2025.
However, the market might also face some restraints. Issues related to
regulatory requirement for approval of microfluidics devices might pose as a
challenge for manufacturers.
Browse XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on "Australia Microfluidics
Market"
The Australia microfluidics market is segmented based on component type,
material, application, sector, end user and region. Based on sector, the market
is segmented into industrial and healthcare. Among them, the healthcare sector
is undergoing fastest growth and is anticipated to dominate the market through
2025 owing to growing use of microfluidics techniques in laboratory analytical
testing and point-of-care testing.
Based on end user, Australia microfluidics market is categorized into
hospitals, industrial R&D, research laboratories and academia. Among them,
the hospital segment is expected to dominate the market during the forecast
period as they provide closer monitoring and faster diagnosis which are leading
to high demand from hospital segment. Also, rapid diagnosis of various chronic
diseases is making hospital segment the fastest growing segment in Australia.
Major players operating in the Australia microfluidics market include Parker
Hannifin (Australia) Pty Ltd, Becton Dickinson Pty Ltd, MiniFAB (Aust) Pty Ltd,
Thermo Fisher Scientific Australia Pty Ltd, Roche Diagnostics Australia Pty
Ltd, Bio-Rad Laboratories Pty., Ltd., Danaher Australia Holding Pty Ltd, Abbott
Australasia Pty Limited and Commonwealth Scientific and Industrial Research
Organisation (CSIRO). The companies are increasing their market presence in
Australia by introducing new technologies at affordable prices.
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“The well-established healthcare system in Australia is making the country a
lucrative market for microfluidic manufacturers. The government also offers
better reimbursement policies which is boosting the growth of this market.
Also, growing investment in R&D activities and increasing uses of
microfluidic technology for various applications are key growth drivers for
Australia microfluidics market. The country is also witnessing high adoption of
novel therapeutics among general masses which is a positive signal for
companies dealing in microfluidics,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Australia 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 Australia 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 Australia microfluidics market.
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