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The Market for Microfluidic Devices
Currently within U.S., there are more than 100,000 biomedical researchers in academia1. The market for microfluidic devices is significantly growing, especially in the research and development department. In 2015, microfluidic market was worth $ 3.1 billion, and it is estimated to reach $ 6.5 billion by the end of 2020. Worldwide, the microfluidic market is expected to grow at 23% CAGR (Compound Annual Growth Rate) between 2015 to 2020.1 A significant driver of this growth is the proliferation of inexpensive methods of fabrication which are making microfluidics more accessible for diagnostics, research, etc.
