Noida, UP -- (SBWIRE) -- 07/22/2015 -- Microfluidics is the science of designing, manufacturing, and formulating devices and processes that deal with volumes of fluid on the order of nanoliters. Some examples of systems and processes that employ this technology include inkjet printers, blood-cell-separation equipment, biochemical assays, chemical synthesis, genetic analysis, drug screening, electrochromatography, surface micromachining, laser ablation and mechanical micro milling.

New movements in the healthcare industry have affirmed Point-of-Care Testing (POCT) as the most proficient and effectual delivery of healthcare. In addition to it, the microfluidic technology has developed into a new arrangement of research areas that focus on incorporation of laboratory protocols into miniaturized equipment known as a lab on the chip.

According to "Global Point-of-Care Diagnostics Market Outlook 2020", the global POCT industry is at a very crucial stage with POCT expanding itself into diverse disease areas, such as cancer and HIV diagnostics. Currently, the United States accounts for almost 45% of the total POCT market, followed by regions, such as Europe and Japan. At the same time countries such as Japan, China, India, Brazil and Mexico are expected to evolve as hotspots for development of POCT technology in the future.

The report provides a brief outlook of the IVD industry, covering major aspects, such as current market size, future growth and current and future geographical segmentation. It also talks about the major players of IVD industry and their respective contribution to the current market.

The report then moves on to the global POCT industry, its current market size and future forecasts. Markets for major application segments such as glucose testing, blood chemistry etc have also been discussed. Trends such as advanced microfluidics, lab-on-a-chip assays as well as portable technologies have been elaborated. At the end, major players of the industry have been highlighted and thorough profiling has been carried out to present POCT product portfolios, business segmentations, strengths and weakness, and recent developments of every player.

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