Withthe aging population, there is a need to improve the testing methods. They needto be accurate and fast as compared to traditional methods. For this, microfluidicimmunoassay companies came into existence.
With microfluidic, we can achieve full analysis accurately in less time. The leadingmicrofluidic immunoassay companies have brought down the costs associated withthe drug advancement procedures.
Accordingto Global Microfluidic ImmunoassayCompanies’ Market Report, this market was valued at USD 9.56 billion in 2018. Verified Market Researchexperts projected its value to reach USD 46.32 billion by 2026. Market indicators showthat microfluidic immunoassay companies are growing at a CAGR of 21.7% from 2019 to2026.
Growth factors of microfluidicindustry
Thegrowing demand for the in-vitro diagnostics and point-of-care testing, owing tothe development of technology and acceptability in the healthcare sector is thekey factor in driving the market growth.
Inaddition, it contributes to quick returns on investments, with easy to carryclinical diagnostic biochip. However, adaptability is less in developingcountries owing to its high prices and the complex approval process are somefactors responsible for hindering the market growth of chief microfluidicimmunoassay companies.
Medicalindustry has experienced many major changes in recent times. With the evolutionof technology, the medical testing methods have become better and morereliable. The testing methods help in saving the lives of patients effectivelyand efficiently.
Insimple words, the tactics and methods made by major microfluidic brands havecompletely changed the ways of carrying out medical testing processes.
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Top 10 microfluidic immunoassaycompanies operating globally
Abbott
Abbott is one of the major brands operating in the medicalindustry. Abbott has always come up with revolutionary methods to solve thecomplex medical problems. From medical softwares to testing methods, Abboottthas helped medical personnel across the globe to deliver best medicalsolutions.
Quidel
Quidel started its operations in 1979. It is one of the leadingAmerican enterprises that delivers immunoassay development, automatedmanufacturing, monoclonal antibody characterization and development. Due tothis reason, Quidel has become one of the main names in the global market ofmicrofluidic immunoassay companies.
Abaxis
Abaxis offers real-time diagnostic solutions. Abaxis has become apart of Zoetis now. Abaxis offers immediate treatment planning and patientcompliance with the help of its world-class R&D division.
Nanomix
Nanomix is dedicated to improving the quality of patient careacross the globe. The American organization uses the latest technology to servemobile point-of-care (POC) diagnostics with a handheld testing platform. Withtwo decades of experience, Nanomix has transformed into a reliable company in themicrofluidic immunoassay companies’ segment.
Philips
Philips is one of the oldest brands operating in the medicalindustry. It has achieved many major milestones and introduced many industry-firstsacross the global medical industry. It has strictly followed its core value oftransparency to boost the medical outcomes of the medical procedure. It is alsoregarded as the founding member of the microfluidic immunoassay companies’ segment.
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Biosurfit
Biosurfit is a Portuguese diagnostics company. Itis dedicated to working on projects that will shape the future of in-vitrotesting methods globally. It has become an international brand due to itsimpeccable solutions and excellent track record.
Micropoint Bioscience
Micropoint Bioscience is an American companyfounded in 2006. It is one of the youngest members of the microfluidicimmunoassay companies’ market. Its point-of-care and nearside products havehelped in improving the quality of medical testing procedures.
Siloam Biosciences
Siloam Biosciences is on a mission tobuild ultra-low volume, cost-effective, and easy-to-use microfluidictechnology. Even in its short span of operations (since 2004), Siloam hasmanaged to gather multiple awards for its high-rated products and services.
NanoEntek
NanoEntek is one of the most reliable enterpriseswhen it comes to microfluidics-based point-of-care testing methods. It is aglobal pioneer in making the most cost-effective microfluidic chips. Itdelivers all its products and services using its biggest network of salesacross all continents.
OPKO Health
OPKO Health is producing world-class products forcomprehensive diagnostics laboratory activities. With the help of its robustresearch and development pipeline, OPKO offers unique pharmaceutical businesssolutions. From patients to researchers, everyone can use OPKO’s productsalike.
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