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Key Factors Driving Growth of Microfluidics Market, Forecast 2019-2027
Microfluidics Market

One of the key driver of the Microfluidics Market is the increasing demand for high-throughput screening (HTS) in the pharmaceutical and biotechnology industries. HTS is used to screen large numbers of compounds to identify those that have potential therapeutic value. The use of microfluidic devices has greatly increased the speed and accuracy of these screening processes, leading to an increase in their adoption.

The growth of the Microfluidics Market is also driven by advancements in materials science and engineering. The development of new materials and fabrication techniques has led to the creation of more advanced and reliable microfluidic devices, which are now widely used in a variety of applications. Despite its many benefits, the microfluidics market faces a number of challenges. One of the main challenges is the high cost of microfluidic devices, which can limit their adoption, particularly in developing countries. Another challenge is the need for specialized equipment and trained personnel, which can make it difficult for some organizations to implement microfluidic technology.

 

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