Microfluidics Market Size - By Product Type(Microfluidic-Based Devices, Microfluidic Components), by Technology(Medical/Healthcare, Non-Medical), by Material(Glass, Silicon, PDMS, Polymers), by Application(In-Vitro Diagnostics, Pharmaceutical & Life Science Research and Manufacturing, Therapeutics), by End User(Hospitals & Diagnostic Centers, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies) & Region - Forecasts 2023 - 2033
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 221
- CATEGORY
- Electronics & Communication
Global Microfluidics Market Analysis by Product Type, Technology, Material, Application, End user, Region and segments forecast till 2033
Market Overview
The global microfluidics market was valued at USD 19,284.65 million in 2022 and is poised to amplify at a CAGR of 17.5% over 2023-2033, thereby amassing USD 82,328.95 million by end of the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 19,284.65 million |
Market Forecast in 2033 | USD 82,328.95 million |
CAGR % 2023-2033 | 17.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | 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., F. Hoffmann-La Roche Ltd., Fluidigm Corporation, Abbott Laboratories, and Parker Hannifin Corporation. |
Global Microfluidics Market- Description
Microfluidics refers to the technology that predominantly studies the systems which can manipulate small volumes of fluids via tiny channels to balance various physical, biological, and chemical processes. It further assesses the behavior of fluids that flow through micro devices encompassing chambers and tunnels. This technology is being rapidly adopted in scientific fields such as chemistry, biology, optics, and information technology. A simple technique known as photolithography is used to develop microfluidic systems. Technological innovations in the diagnostic devices domain, growing prevalence of chronic ailments, and escalating demand for microfluidics technology in the healthcare sector are the primary growth propellants of this market sphere.
Furthermore, the integration of digital technology in microfluidics has resulted in the development of affordable diagnostic devices. This in turn is creating lucrative expansion opportunities for the industry to prosper. Also, rising need for the miniaturization of laboratory equipment, accelerating demand for low volume sample evaluation, and surge in healthcare expenditure across emerging economies are adding momentum to the market progression. On the contrary, dearth of skilled professionals to ensure the efficient handling of microfluidic devices is likely to impede the remuneration scope of this business vertical.
Global microfluidics market- Key trends
· Increasing technological innovations in the field is anticipated to aid the market expansion
There has been a rise in the integration of various innovative technologies in the field of microfluidics. This is primarily aimed at increasing the throughput of diagnostic equipment production and enhancement of rapid prototyping. Moreover, technological advancements in the field have also enabled researchers to assess the complexity of the microfluidic system so as to simplify them in the near future. These factors in turn have escalated the adoption of microfluidics in fields such as pharmaceuticals, medical sciences, chemical synthesis, bio actuation, and bio sensing.
· Growing pervasiveness of chronic diseases to boost industry growth
Microfluidics technology is being rapidly used to conduct POCTs across the globe due to its efficacy in providing prompt and accurate results using a small volume of patient sample. There has been an increasing prevalence of chronic and infectious diseases owing to factors like unhealthy lifestyle, genetic traits, and environmental pollution among others. Moreover, the outbreak of the COVID-19 pandemic also created an urgent need for mass testing to determine the presence of the virus in individuals. This in turn has escalated the adopted of microfluidic based POCT.
Global microfluidics market- Segmental Analysis
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
The medical/healthcare segment is poised to amass notable gains over owing to the accelerating demand for efficient disease diagnostic methods across the globe.
By Material
• Glass
• Silicon
• PDMS
• Polymers
• Others
The PDMS segment is slated to grow substantially over the forecast duration due to the affordability and easy fabrication quality associated with these polymers.
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
The in-vitro diagnostics segment is predicted to capture a considerable revenue share over the stipulated timeline. This is credited to the potential of microfluidic technology to offer quick and accurate disease diagnosis.
By End user
• Hospitals and Diagnostic Centers
• Academic & Research Institutes
• Pharmaceutical & Biotechnology Companies
The hospitals & diagnostic centers segment is anticipated to garner significant returns over the estimated timeline ascribing to the rising burden of chronic and infectious diseases and increase in the number of hospitals across the world.
Global microfluidics market- Geographical landscape
The major regions constituting the geographical gamut of the industry vertical are North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. Among these, North America is expected to dominate the market in terms of revenue share. This is attributable to the presence of emerging vendors, increase in healthcare expenditure, and technological evolution in the diagnostics sector.
Global Microfluidics Market- Recent Developments
· In 2020, Danaher Corporation announced the acquisition of Cytiva's microfluidics business, which includes a portfolio of microfluidic devices for drug discovery and clinical diagnostics.
· In 2021, Agilent Technologies, Inc. announced the launch of its new Bravo Ocean microfluidic system, which is designed to improve the efficiency and accuracy of laboratory workflows.
· In 2022, PerkinElmer, Inc. announced the acquisition of the microfluidic device manufacturer Nexcelom Bioscience LLC, which expands its portfolio of high-content screening and analysis tools.
Global Microfluidics Market: Key Companies
· 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.
· F. Hoffmann-La Roche Ltd
· Fluidigm Corporation
· Abbott Laboratories
· Parker Hannifin Corporation.
· Others
Global Microfluidics Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
1. Global Microfluidics Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Microfluidics Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Microfluidics Market Scope and Market Estimation
1.4.1. Global Microfluidics Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Microfluidics Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Microfluidics Market Segmentation
1.5.1. Product Type of Global Microfluidics Market
1.5.2. Technology of Global Microfluidics Market
1.5.3. Material of Global Microfluidics Market
1.5.4. Application of Microfluidics Market
1.5.5. End User of Global Microfluidics Market
1.5.6. Key Regions of Microfluidics Market
2. Global Microfluidics Market - Executive Summary
2.1. Global Microfluidics Market – Summary & Snapshot
2.2. Global Microfluidics Market, By Product Type (US$ Million)
2.3. Global Microfluidics Market, By Technology (US$ Million)
2.4. Global Microfluidics Market, By Material (US$ Million)
2.5. Global Microfluidics Market, By Application (US$ Million)
2.6. Global Microfluidics Market, By End User (US$ Million)
2.7. Global Microfluidics Market, By Geography (US$ Million)
2.8. Global Microfluidics Market Outlook & Future Opportunities
3. Microfluidics Market Trends, Outlook, and Factors Analysis
3.1. Global Microfluidics Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Microfluidics Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Microfluidics Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rising technological advancements
3.2.1.2. Drivers 2
3.2.1.3. Drivers 3
3.2.1.4. Drivers 4
3.2.1.5. Drivers 5
3.2.2. Restraints
3.2.2.1. Incorporation of microfluidics into existing workflows
3.2.2.2. Restraints 2
3.2.2.3. Restraints 3
3.2.3. Opportunities
3.2.3.1. Expanding applications of drug delivery technologies using microfluidics
3.2.3.2. Opportunities 2
3.2.3.3. Opportunities 3
3.2.3.4. Opportunities 4
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Microfluidics Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Microfluidics Market
3.9.1. By Product Type
3.9.2. By Technology
3.9.3. By Material
3.9.4. By Application
3.9.5. By End User
3.9.6. By Regions
4. Global Microfluidics Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Microfluidics Market, 2020 – 2021 (US$ Million)
4.2. Global Microfluidics Market, By Product Type, 2020 To 2021 (US$ Million)
4.3. Global Microfluidics Market, By Technology, 2020 To 2021 (US$ Million)
4.4. Global Microfluidics Market, By Material, 2020 To 2021 (US$ Million)
4.5. Global Microfluidics Market, By Application 2020 To 2021 (US$ Million)
4.6. Global Microfluidics Market, By End User 2020 To 2021 (US$ Million)
4.7. Global Microfluidics Market, By Region, 2020 To 2021 (US$ Million)
5. Global Microfluidics Market Estimates & Forecast Trend Analysis, by Product Type
5.1. Global Microfluidics Market Share (%) Estimates and Forecasts, by Product Type, 2022 & 2033
5.2. Global Microfluidics Market Revenue (US$ Million) Estimates and Forecasts, by Product Type, 2022 to 2033
5.2.1. Microfluidic-Based Devices
5.2.2. Microfluidic Components
5.2.2.1. Microfluidic Chips
5.2.2.2. Flow & Pressure Sensors
5.2.2.3. Flow & Pressure Controllers
5.2.2.4. Microfluidic Valves
5.2.2.5. Micropumps
5.2.2.6. Microneedles
5.2.2.7. Others
6. Global Microfluidics Market Estimates & Forecast Trend Analysis, by Technology
6.1. Global Microfluidics Market Share (%) Estimates and Forecasts, By Technology, 2022 & 2033
6.2. Global Microfluidics Market Revenue (US$ Million) Estimates and Forecasts, by Technology, 2022 to 2033
6.2.1. Medical/Healthcare
6.2.1.1. PCR & RT-PCR
6.2.1.2. Gel Electrophoresis
6.2.1.3. Microarrays
6.2.1.4. ELISA
6.2.1.5. Others
6.2.2. Non-Medical
7. Global Microfluidics Market Estimates & Forecast Trend Analysis, by Material
7.1. Global Microfluidics Market Share (%) Estimates and Forecasts, By Material, 2022 & 2033
7.2. Global Microfluidics Market Revenue (US$ Million) Estimates and Forecasts, by Material, 2022 to 2033
7.2.1. Glass
7.2.2. Silicon
7.2.3. PDMS
7.2.4. Polymers
7.2.5. Others
8. Global Microfluidics Market Estimates & Forecast Trend Analysis, by Application
8.1. Global Microfluidics Market Share (%) Estimates and Forecasts, By Application, 2022 & 2033
8.2. Global Microfluidics Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
8.2.1. In-Vitro Diagnostics
8.2.1.1. Clinical Diagnostics
8.2.1.2. Point-Of-Care Testing
8.2.1.3. Veterinary Diagnostics
8.2.2. Pharmaceutical & Life Science Research and Manufacturing
8.2.2.1. Lab Analytics
8.2.2.1.1. Proteomics
8.2.2.1.2. Genomics
8.2.2.1.3. Cell-Based Assays
8.2.2.2. Capillary Electrophoresis
8.2.2.3. Microdispensing
8.2.2.4. Microreaction
8.2.3. Therapeutics
8.2.3.1. Drug Delivery
8.2.3.2. Wearable Devices
9. Global Microfluidics Market Estimates & Forecast Trend Analysis, by End User
9.1. Global Microfluidics Market Share (%) Estimates and Forecasts, By End User, 2022 & 2033
9.2. Global Microfluidics Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033
9.2.1. Hospitals & Diagnostic Centers
9.2.2. Academic & Research Institutes
9.2.3. Pharmaceutical & Biotechnology Companies
10. Global Microfluidics Market Analysis and Forecast, by Region
10.1. Global Microfluidics Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
10.2. Global Microfluidics Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East and Africa
10.2.5. Latin America
11. North America Microfluidics Market: Estimates & Forecast Trend Analysis
11.1. North America Microfluidics Market Assessments & Key Findings
11.2. North America Microfluidics Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. North America Microfluidics Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
11.3.1. By Product Type
11.3.2. By Technology
11.3.3. By Material
11.3.4. By Application
11.3.5. By End User
11.3.6. By Major Country
11.3.6.1. The U.S.
11.3.6.2. Canada
12. Europe Microfluidics Market: Estimates & Forecast Trend Analysis
12.1. Europe Microfluidics Market Assessments & Key Findings
12.2. Europe Microfluidics Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Europe Microfluidics Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Product Type
12.3.2. By Technology
12.3.3. By Material
12.3.4. By Application
12.3.5. By End User
12.3.6. By Major Country
12.3.6.1. Germany
12.3.6.2. The U.K.
12.3.6.3. France
12.3.6.4. Italy
12.3.6.5. Spain
12.3.6.6. Rest of Europe (includes all other European countries)
13. Asia Pacific Microfluidics Market: Estimates & Forecast Trend Analysis
13.1. Asia Pacific Microfluidics Market Assessments & Key Findings
13.2. Asia Pacific Microfluidics Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Asia Pacific Microfluidics Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
13.3.1. By Product Type
13.3.2. By Technology
13.3.3. By Material
13.3.4. By Application
13.3.5. By End User
13.3.6. By Major Country
13.3.6.1. China
13.3.6.2. Japan
13.3.6.3. India
13.3.6.4. ASEAN
13.3.6.5. South Korea
13.3.6.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
14. Middle East & Africa Microfluidics Market: Estimates & Forecast Trend Analysis
14.1. Middle East & Africa Microfluidics Market Assessments & Key Findings
14.2. Middle East & Africa Microfluidics Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Middle East & Africa Microfluidics Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
14.3.1. By Product Type
14.3.2. By Technology
14.3.3. By Material
14.3.4. By Application
14.3.5. By End User
14.3.6. By Major Country
14.3.6.1. GCC
14.3.6.2. South Africa
14.3.6.3. Egypt
14.3.6.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
15. Latin America Microfluidics Market: Estimates & Forecast Trend Analysis
15.1. Latin America Market Assessments & Key Findings
15.2. Latin America Microfluidics Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Latin America Microfluidics Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
15.3.1. By Product Type
15.3.2. By Technology
15.3.3. By Material
15.3.4. By Application
15.3.5. By End User
15.3.6. By Major Country
15.3.6.1. Brazil
15.3.6.2. Mexico
15.3.6.3. Rest of Latin America (includes all other Latin America countries)
16. Competitive Landscape
16.1. Microfluidics Market Revenue Share Analysis (%), By Major Players (2021)
16.2. Microfluidics Market Competition Matrix, By Leading Players
16.3. Microfluidics List of Emerging, Prominent & Leading Players
16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
17. Company Profiles
17.1. Parker Hannifin Corporation
17.1.1. Company Overview & Insights
17.1.2. Financial Performance
17.1.3. Product / Service Portfolio
17.1.4. Geographical Footprint & Share
17.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
17.2. SMC Corporation
17.3. IDEXX Corporation
17.4. Fluigent SA
17.5. Aignep S.P.A.
17.6. Camozzi Automation SPA Societá Unipersonale
17.7. Dolomite microfluidics
17.8. Elveflow
17.9. Cellix Limited
17.10. Fortive Corporation
17.11. Danaher Corporation
17.12. Thermo Fisher Scientific Inc
17.13. Perkinelmer, Inc
17.14. Agilent Technologies, Inc
17.15. Bio-Rad Laboratories, Inc
17.16. Becton, Dickinson and Company
17.17. Illumina Inc
17.18. F. Hoffmann-La Roche Ltd.
17.19. Fluidigm Corporation
17.20. Abbott Laboratories
17.21. Others
18. Assumptions and Research Methodology
18.1. Data Mining
18.2. Secondary Research
18.3. Primary Research
18.4. Subject Matter Expert Advice
18.5. Quality Check
18.6. Final Review
18.7. Data Triangulation
18.8. Bottom-Up Approach
18.9. Top Down Approach
18.10. Research Flow
18.11. Key Insights from Industry Experts
18.12. Data Sources
18.13. Assumptions
18.14. Limitations
19. Conclusions and Recommendations
19.1. Key Research Findings and Conclusion
19.2. Key Insights & Recommendations from Analysts
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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