Micro Total Analysis Systems Market To Surpass 8 Billion By 2024

By Goldstein Market Intelligence || 2018-02-02 7:07:01 AM

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Applications of micro total analysis systems (μTAS) span basic-science research, clinical medicine, and field work, increased throughput, integration and miniaturization, increasingly vibrant area in the performance of drug screening and toxicology makes μTAS a bolstering upcoming market over the forecast period.

Global Micro Total Analysis Systems Market Outlook 2024

The global market for micro total analysis systems was USD 4 billion in 2016 and is expected to grow at a CAGR of 9.5% during the forecast period and reach at USD 8.26 billion by 2024.

Based on application, diagnostics dominate the global micro total analysis systems market and accounts for the major market share of over 60% of the total market. Point of Care diagnostics are the most widely used application of micro total analysis systems, owing to the rising demand for easy and fast diagnosis as per the patient’s comfort.

North America leads the global micro total analysis systems market followed by Europe owing to capacity of integration, parallelization and promising results as compared to the conventional technology.

μTAS:  Latest Achievements

Automation, reliability, and integration must all increase as a device moves from the specialist environment of a lab to usage by non-expert personnel in the outside world, for example, at a clinical point-of-care or in environmental monitoring.  μTAS has continued to gain maturity and its importance is being reflected in both growing number and improved quality in analytical chemistry application and gained great input from science and engineering disciplines spectrum. Micro fabrication is being utilized in mask less photolithography using liquid crystal display to achieve variable resolution.

“Global Micro Total Analysis Systems Market Outlook 2024” contains detailed overview of the global micro total analysis systems market in terms of market segmentation by application and end user.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global micro total analysis systems market report also provides competitive outlook for some of the major players which includes profiling of companies such as Abbott Technologies, Siemens Healthcare, Roche Diagnostics, Bio-Rad Laboratories, Caliper Life Sciences, Life Technologies, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global micro total analysis systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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