Microfluidics market size reached USD 24.58 billion in 2022 and is expected to reach USD 74.68 billion by 2029, growing at a CAGR of 17.2 % during the forecast period.
Microfluidics Market Report Overview:
The report encompasses the latest revenue and trends within the Microfluidics Market It provides an introduction to the Microfluidics market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Microfluidics Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Microfluidics Market in the upcoming forecast years. The report serves as a valuable tool for shaping market strategies and understanding the contextual landscape of the Microfluidics industry.
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Microfluidics Market Report Scope and Research Methodology:
The primary objective of the Global Microfluidics Market report is to deliver a comprehensive analysis of the market in accessible language for stakeholders. The research has involved segmenting the Microfluidics market into major categories, which were further subdivided into various sub-segments. The report offers a detailed examination of drivers, opportunities, restraints, and challenges within the Microfluidics industry, segmented both regionally and by segment.
The report on the Microfluidics Market furnishes an exhaustive analysis, incorporating historical data, insightful perspectives, facts, and statistically validated market statistics. These statistics are based on a well-founded set of assumptions and methodologies. The collection of data for the Microfluidics market report relied on both primary and secondary research methods. This amalgamated data was meticulously analyzed to produce precise and reliable findings.
Incorporating secondary research, the report delves into annual and financial reports of leading players, while primary research involves interviews with key opinion leaders and experts within the Microfluidics industry, including frontline personnel, entrepreneurs, and marketing professionals. The estimation of the Microfluidics market size was achieved through a bottom-up approach. The report employs SWOT analysis to outline the strengths and weaknesses of the Microfluidics Market, and leverages PESTLE and PORTER analyses to outline the impacts of macroeconomic and microeconomic factors on the global Microfluidics Market.
Microfluidics Market Key Players:
1. PerkinElmer Inc.
2. Standard BioTools (Previously Fluidigm)
3. Blacktrace Holdings Ltd. (Dolomite Microfluidic)
4. Micronit
5. BioFluidix Gmbh
6. Fluigent
7. ALine Inc.
8. Philips
9. Danaher Corporation
10. Thermo Fisher Scientific
11. Agilent Technologies
12. Becton, Dickinson and Company
13. Illumina, Inc.
14. Abbott Laboratories
15. Quidel Corporation
16. Abaxis, Inc.
17. Covalent Materials, Inc.
18. Biosurfit SA
19. Micropoint Bioscience, Inc.
20. Siloam Biosciences, Inc.
21. NanoEnTek Inc.
22. OPKO Health, Inc.
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Microfluidics Market Segmentation:
by Product Type
1. Microfluidic Chip
2. Instruments
3. Cartridges & Reagents
4. Others
Over the course of the forecast period, the microfluidic chips sector is anticipated to lead the microfluidics market. Microfluidic chips are perfect for quick detection in areas with limited medical resources since they detect more quickly than typical medical detection equipment. These chips have a large surface area due to their small size, which leads to superior mass transfer and analytical throughput.
by Application
1. Organs-on-chips
2. Lab-on-a-chip
3. Point of care testing
4. Continuous Flow Microfluidics
5. Acoustofluidics and Microfluidics
6. Optofluidics and Microfluidics
7. Electrophoresis and Microfluidics
In2022, the lab-on-a-chip category held the biggest sales share of 39.5% and dominated the market. Suitable for molecular biology applications, the lab-on-a-chip segment offers high detection speed while retaining the necessary sensitivity during DNA or RNA amplification and detection procedures.
by Material
1. Polydimethylsiloxane
2. Glass based
3. Others
In 2022, the microfluidics market was dominated by the Polydimethylsiloxane (PDMS) segment, which held the highest revenue share of 36.7%. Among other polymers, polydimethylsiloxane has gained appeal, especially in microfluidic devices that allow for quick prototyping. This is because academic professionals highly approve of these polymers because of how inexpensive and easily produced they are. Furthermore, novel PDMS surface treatments are being introduced into the market to solve problems related to PDMS hydrophobicity. Because hydrophobic analytes become deposited on the PDMS surface and interfere with analysis, operating microchannels in aqueous solutions is challenging.
by End-User
1. Pharmaceuticals
2. In-vitro Diagnostics
3. Environmental Research
4. Life Science Research
5. Clinical Diagnostics
In 2022, the combined market share of the in-vitro diagnostics and life science research segments was over 59%, a trend that is anticipated to persist throughout the forecast period. The pandemic’s increased testing acceptance is responsible for the market’s growth. Throughout the forecast period, the development of automated in-vitro diagnostics systems for hospitals and labs to give quick, precise, and error-free diagnoses is anticipated to drive market expansion.
Microfluidics Market Regional Insights:
Geographically, the report is segmented into several key countries, with Microfluidics market size, growth rate, import and export of Microfluidics market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
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Key Questions answered in the Microfluidics Market Report are:
1.How has the Microfluidics Market performed so far and how will it perform in the coming years?
2.What is the market segmentation of the global Microfluidics Market ?
3.What is the regional breakup of the global Microfluidics Market ?
4.What are the price trends of various feedstocks in the Microfluidics Market industry?
5.What is the structure of the Microfluidics Market industry and who are the key players?
6.What are the various unit operations involved in a Microfluidics Market processing plant?
7.What is the total size of land required for setting up a Microfluidics Market processing plant?
8.What is the layout of a Microfluidics Market processing plant?
9.What are the machinery requirements for setting up a Microfluidics Market processing plant?
10.What are the raw material requirements for setting up a Microfluidics Market processing plant?
11.What are the packaging requirements for setting up a Microfluidics Market processing plant?
12.What are the transportation requirements for setting up a Microfluidics Market processing plant?
13.What are the utility requirements for setting up a Microfluidics Market processing plant?
14.What are the human resource requirements for setting up a Microfluidics Market processing plant?
15.What are the infrastructure costs for setting up a Microfluidics Market processing plant?
16.What are the capital costs for setting up a Microfluidics Market processing plant?
17.What are the operating costs for setting up a Microfluidics Market processing plant?
18.What should be the pricing mechanism of the final product?
19.What will be the income and expenditures for a Microfluidics Market processing plant?
20.What is the time required to break even?
21.What are the profit projections for setting up a Microfluidics Market processing plant?
22.What are the key success and risk factors in the Microfluidics Market industry?
23.What are the key regulatory procedures and requirements for setting up a Microfluidics Market processing plant?
24.What are the key certifications required for setting up a Microfluidics Market processing plant?
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