Microfluidics Market was valued at USD 19,284.65 million in 2021 and is poised to amplify at a CAGR of 17.5% over 2022-2030, thereby amassing USD 82,328.95 million by end of the forecast period.
A method called microfluidics works with fluid volumes measured in nanoliters or picoliters. Microfluidic technology operates at a very low volume and produces results quickly and cheaply. The microfluidics industry permits experiment sample sizes and gadget miniaturisation.
Microfluidics is a branch of technology that primarily focuses on the development of fluid-handling devices that can balance a variety of physical, biological, and chemical processes by directing small quantities of fluid through extremely narrow channels. It also evaluates how fluids behave when travelling through tiny devices with chambers and tunnels. Scientific disciplines like chemistry, biology, optics, and information technology are quickly embracing this technology. To create microfluidic systems, photolithography, a straightforward process, is employed.
In the realm of next-generation sequencing-based point-of-care diagnostics, these technologies have enormous potential. Due to the manufacturing process’ low cost as well as the systems’ high level of integration and portability, the market is expected to increase favourably throughout the foreseeable future.
Microfluidics is a sensing-related technology that uses a set of instruments or systems to manipulate small amounts of fluids and regulate chemical, biological, and physical processes. Using lithographic processes, it can be combined with electronic and optical elements to create practical sensors. It is commonly used to manage live systems in biomedical applications like as tissue engineering and wound healing. Microfluidic components such as microneedles, microfilters, micromixers, micropumps, microvalves, and photonic sensors are now made using advanced fabrication technologies such as two-photon polymerization (2PP). These components provide unique three-dimensional (3D) capabilities, high resolution, and a wide range of applications.
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Global Microfluidics Market- Segment Analysis
Major Key Players
- SMC Corporation
- IDEXX Corporation
- Fluigent SA
- Aignep S.P.A.
- Camozzi Automation SPA Societá Unipersonale
- Dolomite microfluidics
- Elveflow
- Cellix Limited
- Fortive Corporation
- Danaher Corporation
- Thermo Fisher Scientific Inc
- Perkinelmer, Inc
- Agilent Technologies, Inc
- Bio-Rad Laboratories, Inc
- Becton, Dickinson and Company
- Illumina Inc
- Hoffmann-La Roche Ltd.
- Fluidigm Corporation
- Abbott Laboratories
By Product Type
- Microfluidic- Based Devices
- Microfluidic Components
o Microfluidic Chips
o Flow & Pressure Sensors
o Flow & Pressure Controllers
o Microfluidic Valves
o Micropumps
o Microneedles
o Others
By Technology
- Medical/Healthcare
o PCR & RT-PCR
o Gel Electrophoresis
o Microarrays
o ELISA
o Others
- Non-Medical
By Material
- Glass
- Silicon
- PDMS
- Polymers
- Others
By Application
- In-Vitro Diagnostics
o Clinical Diagnostics
o Point-Of-Care Testing
o Veterinary Diagnostics
- Pharmaceutical & Life Science Research and Manufacturing
o Lab Analytics
- Proteomics
- Genomics
- Cell-Based Assays
o Capillary Electrophoresis
o Microdispensing
o Microreaction
- Therapeutics
o Drug Delivery
o Wearable Devices
By End user
- Hospitals and Diagnostic Centers
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
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Table of Contents
- Market Introduction and Market Overview
- Market – Executive Summary
- Market Trends, Outlook, and Factors Analysis
- Market: Estimates & Historic Trend Analysis (2018 to 2021)
- Market Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Market Estimates & Forecast Trend Analysis, by Content Type
- Market Estimates & Forecast Trend Analysis, by End Use
- Market Analysis and Forecast, by Region
- North America Microfluidics Market: Estimates & Forecast Trend Analysis
- Europe Microfluidics Market: Estimates & Forecast Trend Analysis
- Asia Pacific Microfluidics Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Microfluidics Market: Estimates & Forecast Trend Analysis
- Latin America Microfluidics Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
COVID-19 Impact
The COVID-19 epidemic has had a favourable effect on the microfluidics market as a whole. Rapid diagnostic tests, point-of-care assays, and intravenous diagnostic devices with microfluidic technology used in drug discovery and COVID-19 testing are in high demand. In order to maintain their market share and financial viability throughout the epidemic, several businesses altered their business models. For instance, the pharmaceutical business of F. Hoffmann-La Roche fell by 4% in 2020 compared to 2019. In order to launch COVID-19 quick diagnostic tests, which drove its revenue growth, the business concentrated on investing in R&D. By enhancing efficiency and accuracy, businesses and laboratories are putting more emphasis on assuring the quality of their test findings, which has contributed to the market’s expansion.
Key Questions Answered in This Report:
- How does our product and services portfolio compare to leading competitors?
- What are the key developments in customer demand given the changing economy?
- What are the key decision drivers for services buyers?
- How can we accelerate our bidding process?
- What is the potential of the Microfluidics Market?
- What is the impact of COVID-19 on the global Microfluidics Market?
- What are the top strategies that companies adopting in Microfluidics Market?
- What are the challenges faced by SME’s and prominent vendors in Microfluidics Market?
- Which region has the highest investments in Microfluidics Market?
- What are the latest research and activities in Microfluidics Market?
- Who are the prominent players in Microfluidics Market?
- What is the potential of the Microfluidics Market?
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