Corporations In The Microfluidics Market Are Adopting 3D Printing Expertise To Streamline Drug Discovery

LONDON, Nov. 22, 2022 /PRNewswire/ — Using 3D printing in microfluidics is gaining reputation within…

Corporations In The Microfluidics Market Are Adopting 3D Printing Expertise To Streamline Drug Discovery

LONDON, Nov. 22, 2022 /PRNewswire/ — Using 3D printing in microfluidics is gaining reputation within the microfluidics market tendencies. 3D printing helps to supply microfluidic chips in two methods, assist with fabrication of molds, and mold-less fabrication of microfluidic gadgets via direct printing.  Probably the most notable benefit of 3D printing is the short turnaround from idea to prototype. As an illustration, in January 2022, Section Inc, a US-based medical 3D printing startup, has partnered with Virginia Tech, a US based mostly public land-grant analysis college to advance the sector of microfluidics 3D printing. Section and Virginia Tech will use the previous’s proprietary LE3D printing expertise to develop novel microfluidic gadgets that assist streamline drug discovery and private well being diagnostics.

Corporations In The Microfluidics Market Are Adopting 3D Printing Expertise To Streamline Drug Discovery

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The worldwide microfluidics market dimension is predicted to develop from $6.07 billion in 2021 to $6.86 billion in 2022 at a compound annual progress fee (CAGR) of 13.10%. The worldwide microfluidics market dimension is predicted to develop to $10.79 billion in 2026 at a compound annual progress fee (CAGR) of 11.99%.

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Microfluidics Market Driver – Elevated Quantity Of Medical Research For Cell-Based mostly Therapies

The elevated variety of scientific research for cell-based therapies contributed to the expansion of the microfluidics market in the course of the historic interval. Microfluidics has emerged as a possible platform to advance biomanufacturing within the discipline of drug/gene/cell therapies by way of improved synthesis of nanoscale drug/gene supply system, microencapsulation of drug/cells, intracellular supply of macromolecules and fabrication of macroscale assemble of micro-/nano-fibers. As an illustration, in response to information from ClinicalTrials.gov, a US Nationwide Library of Drugs on the Nationwide Institutes of Well being, as of April 2021 there are 1,358 energetic cell remedy trials, this represents a rise of 43% from 2020 to 2021, in contrast with a 24% enhance from 2019 to 2020. Subsequently, the elevated variety of scientific research for cell-based therapies is prone to drive the expansion of the microfluidics market in the course of the forecast interval.

Microfluidics Market Segmentation

The worldwide microfluidics market is segmented –

1) By Materials: Silicon-Based mostly Microfluidics, Glass-Based mostly Microfluidics, Polymer-Based mostly Microfluidics

2) By Utility: Industrial and Environmental, Drug Supply, Pharmaceutical and Life Science Analysis, Evaluation, Medical and Veterinary Diagnostics

North America Held The Largest Microfluidics Market Share In 2021

North America was the most important area within the microfluidics market and was price $2.18 billion in 2021. The microfluidics market in North America is supported by progress of rising economies reminiscent of USA and Canada. The market is propelled by rising healthcare spending in Canada. In 2021, complete well being spending in Canada is predicted reached $308 billion, after a spike in spending, notably in 2020 as a result of pandemic.  The market can be supported by funding within the microfluidics market. For instance, in August 2021, the federal government of Canada invested in additional than 300 analysis initiatives, together with microfluidics to develop single cell infrastructure at Ryerson College.

See extra on the Microfluidics Market Report

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