Global Microfluidics Market
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
By Product Type
o Microfluidic Chips
o Flow & Pressure Sensors
o Flow & Pressure Controllers
o Microfluidic Valves
o Micropumps
o Microneedles
o Others
By Technology
o PCR & RT-PCR
o Gel Electrophoresis
o Microarrays
o ELISA
o Others
By Material
By Application
o Clinical Diagnostics
o Point-Of-Care Testing
o Veterinary Diagnostics
o Lab Analytics
o Capillary Electrophoresis
o Microdispensing
o Microreaction
o Drug Delivery
o Wearable Devices
By End user
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Table of Contents
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.
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