Microfluidics Market Overview
The microfluidics market is projected to increase at a compound annual growth rate (CAGR) of 17.2% from its 2023 valuation of USD 28.80 billion to USD 87.49 billion by 2030.
Microfluidics Market Scope and Methodology:
The Microfluidics market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Microfluidics market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Microfluidics Market is included in the scope of the MMR report.
The report offers a number of new requirements, each with a thorough justification. The Microfluidics Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.
Microfluidics Market Regional Insights
This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Microfluidics market situations in various nations. The Microfluidics market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.
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Microfluidics Market Segmentation
by Product Type
Microfluidic-Based Devices
Microfluidic Components
Because of their many uses in a variety of sectors, such as healthcare, pharmaceuticals, biotechnology, and diagnostics, microfluidic-based devices will have the biggest market share in the microfluidics market in 2023. These tools make it possible to precisely manipulate tiny fluid quantities, which improves sensitivity, accuracy, and speed of results—all of which are essential for applications like drug discovery, lab-on-a-chip technologies, and point-of-care diagnostics. The use of microfluidic devices in healthcare is fueled by the rising need for quick and minimally invasive diagnostic procedures as well as developments in customized treatment.
by Material
Polymer
Glass
Silicon
Metal
Ceramics
With the biggest revenue share of 36.7% in 2023, the Polydimethylsiloxane (PDMS) category led the microfluidics market. Among other polymers, polydimethylsiloxane has gained appeal, especially in microfluidic devices that require quick prototyping. This is because academic professionals find these polymers to be quite acceptable due to their low cost and ease of production. Furthermore, special PDMS surface alterations are being introduced to the market to solve problems related to PDMS hydrophobicity.
by Application
Point-of-care testing
Clinical Diagnostics
Drug Delivery
Analytical Testing
Genomics
Proteomics
Cell-based Analysis
Others
With the biggest revenue share of 39.5% in 2023, the lab-on-a-chip category led the market. The lab-on-a-chip segment is appropriate for molecular biology applications because it offers fast detection speed while preserving the necessary sensitivity during DNA or RNA amplification and detection processes.
by End-User
Hospitals & Diagnostic Centers
Academic & Research Institute
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Others
Together, the life science research and in-vitro diagnostics segments accounted for more than 59% of the market in 2023, and this trend is anticipated to prevail throughout the forecast period. The growing use of testing as a result of the pandemic is responsible for the market expansion. The creation of automated in-vitro diagnostics systems for hospitals and labs to give quick, precise, and error-free diagnoses is anticipated to drive market expansion throughout the course of the projected period.
Microfluidics Market Key Players
North America
1. PerkinElmer
2. Standard BioTools
3. Aline
4. Thermo Fisher Scientific
5. Agilent Technologies
6. Becton, Dickinson and Company
7. Abbott Laboratories
8. QuidelOrtho
9. Micropoint
10. OPKO Health
11. 3D Microfluidics
12. IDEX (Industrial Supplies and Parts)
13. Wheeler Microfluidics Laboratory
14. Jengu
15. Unchained Labs
16. Bio-Rad Laboratories
17. uFluidix
18. Hesperos
Europe
19. Micronit
20. Fluigent
21. Philips
22. Biosurfit
23. DOXA Microfluidics
24. Elveflow
25. Sphere Fluidics
APAC
26. NanoEnTek
ME
27. SaudiVax
28. RedSeaBio Tik
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Key questions answered in the Microfluidics Market are:
- What is Microfluidics ?
- What was the Microfluidics market size in 2023?
- What is the growth rate of the Microfluidics Market?
- Which are the factors expected to drive the Microfluidics market growth?
- What is the CAGR at which the Microfluidics market will grow during the forecast period?
- What are the different segments of the Microfluidics Market?
- Which is the fastest growing region in the Microfluidics market?
- What growth strategies are the players considering to increase their presence in Microfluidics ?
- What are the upcoming opportunities and trends for the Microfluidics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Microfluidics Market?
- Who are the leading companies and what are their portfolios in Microfluidics Market?
- What segments are covered in the Microfluidics Market?
- Who are the key players in the Microfluidics market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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