QYResearch: The global market for Microfluidic Chips is expected to reach about 4827.27 M USD by 2022

QYResearch
North America is the largest regional segment of the global microfluidics market,
followed by Europe and Asia-Pacific. The large share of this region can be attributed
to growing incidence rate of various infectious diseases, availability of insurance
coverage for laboratory testing procedures, sufficient reimbursements for medical
devices, and presence of well-structured distribution channels in the region. In
addition, an increase in the demand for self-administration and home healthcare
devices, and increasing applications of micropumps, and transdermal microneedles for
chronic disease areas such as migraine, diabetes, cancer pain, and asthma have boosted
the growth of this market. However, the Asia-Pacific region is the fastest-growing
market owing to factors such as rising geriatric population, growing per capita income,
increasing investments in the healthcare industry by key market players, rising demand
for advanced technologies, and expansion of private-sector hospitals to rural areas in
various countries.
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