Microfluidics Market Size to Reach US$ 32.97 Billion by 2027

The global microfluidics market size was valued at US$ 13.8 Billion in 2019 and expected to reach US$ 32.97 Billion by 2027 Report Says Precedence Research.

OTTAWA, Nov. 10, 2020 (GLOBE NEWSWIRE) — The global microfluidics market is anticipated to grow at a compound annual growth rate (CAGR) of 11.5% during the forecast period 2020 to 2027.

Microfluidics refers to the science of controlling and manipulating fluids, commonly in the range of microliters (10-6) to picoliters (10-12), in networks of channels having dimensions ranging from tens to hundreds of micrometers. This discipline was originated in the early 1990’s and since then has been growing exponentially. It is analyzed as an essential tool for the life science research or in other significant researches in the field of biotechnologies. Because of the low volumes required, microfluidic technologies emerged as a promising alternative over the conventional laboratory techniques.

Microfluidics is mostly used and

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