Global Microfluidics Market Valuable Growth Prospects and Insights on Future Scenario

Albany, USA, 2018-Apr-20 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Microfluidics Market: Point of Care Testing Segment Anticipated to Register High Revenue Growth over the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016–2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Microfluidics Market have been elaborated upon in the research report.

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There is a huge opportunity in the global widefield imaging systems market owing to increasing cases of visual impairment and rising prevalence of diabetes causing diabetic retinopathy

Global widefield imaging systems market revenue is expected to register a CAGR of 8.0% over the assessment period (2016–2026). The global widefield imaging systems market was valued at more than US$ 380 Mn in 2016. The market is projected to be valued at more than US$ 510 Mn in 2020 and will rise to nearly US$ 850 Mn in the year 2026.

North America Widefield Imaging Systems Market Analysis, 2016 – 2026

In 2012, around 75% of adults in the U.S. opted for some form of vision correction treatment

The U.S was expected to account for 90.5% market share of the North America widefield imaging systems market by 2016 end and is likely to experience a decline of 60 BPS in its market share by 2026 over 2016. The U.S widefield imaging systems market is expected to register moderate Y-o-Y growth throughout the forecast period. The U.S. widefield imaging systems market is estimated to account for the highest market share with a value of nearly US$ 150 Mn in 2016 and is projected to remain dominant during the forecast period.

Canada is expected to register higher Y-o-Y growth as compared to the U.S market throughout the forecast period. Revenue contribution of the Canada market to the North America widefield imaging systems market is expected to exhibit a CAGR of 8.8% over the forecast period.

The U.S. widefield imaging systems market is the most lucrative market in North America owing to increasing number of FDA approvals for widefield imaging systems

  • The U.S. widefield imaging systems market is estimated to create absolute $ opportunity of nearly US$ 15 Mn in 2017 over 2016
  • Revenue from the U.S. market is projected to register a CAGR of 8.1% from 2016 to 2026 to reach more than US$ 300 Mn by 2026
  • The Canada widefield imaging systems market is estimated to create absolute $ opportunity of US$ 1.3 Mn in 2017 over 2016
  • Revenue from the Canada market is projected to expand at a CAGR of 8.8% from 2016 to 2026 to reach nearly US$ 40 Mn by 2026

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North America Widefield Imaging Systems Market Attractiveness Analysis, 2016 – 2026

Rise in incidence of chorioretinal disease is expected to drive demand for widefield imaging

systems during the forecast period

The U.S. market dominated the North America widefield imaging systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. The U.S. widefield imaging systems market is the most attractive regional market in the North America widefield imaging systems market with an attractiveness index of 1.8 during the forecast period. The diabetic retinopathy segment dominated the North America widefield imaging systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period.

Specialty clinics end user segment is expected to emerge as the most lucrative segment owing to increasing number of specialty clinics during the forecast period

The hospitals segment dominated the North America widefield imaging systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. The standalone segment is the most attractive modality segment in the North America widefield imaging systems market, recording an attractiveness index of 1.0 during the forecast period.

Point of care segment is expected to register high revenue growth in Western Europe

In North America, by application type, the point of care testing segment is expected to register high revenue growth and exhibit a market attractiveness index of 1.19 over the forecast period, while in Latin America, the point of care testing segment is projected to register high revenue growth and exhibit a market attractiveness index of 1.48 over the forecast period. In Western Europe, this segment is anticipated to register high revenue growth and exhibit a market attractiveness index of 1.6 between 2016 and 2026. In Eastern Europe, the point of care testing segment is predicted to register increased revenue growth and record a market attractiveness index of 1.46 over the coming decade; while in APEJ, Future Market Insights analysts estimate the point of care testing segment to register high revenue growth, exhibiting a market attractiveness index of 1.35 over the projected period.

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