Microfluidics Market Size, Share, Growth Analysis, By Product(Microfluidics-based Device, Microfluidic Components [Microfluidic Chip, Flow and Pressure Sensors, Flow and Pressure Controllers), By Material(Glass, Silicon, Polymer, Others), By Application(In Vitro Diagnostics [Clinical Diagnostics, Point of Care Testing, Veterinary Diagnostics], Pharmaceutical & Life Science Research and Manufacturing [Lab Analytics (Proteomic analysis), By End-user(Hospital and Diagnostic Centers, Academic and Research Institute, Pharmaceutical & Biotechnology Companies), By Region - Industry Forecast 2024-2031

Global Microfluidics Market size was valued at USD 21.70 billion in 2022 and is poised to grow from USD 24.48 billion in 2023 to USD 64.16 billion by 2031, growing at a CAGR of 12.8% during the forecast period (2024-2031).

The physical and chemical characteristics of liquids and gases at the microscale are utilized by microfluidic devices. Compared to systems of a traditional size, microfluidic devices provide a number of advantages. As microfluidics makes it possible to analyse and use less volumes of samples, chemicals, and reagents, application costs are lower overall. Microfluidic systems find extensive application in processes like capillary electrophoresis, isoelectric focusing, immunoassays, flow cytometry, mass spectrometry sample injection, PCR amplification, DNA analysis, cell manipulation and separation, and cell patterning. The rise in the market for microfluidic devices is fuelled by the rising incidence of chronic and infectious diseases. 

The purpose of the microfluidic devices is illness screening. Microfluidic devices are also employed in the early detection of cancer. Moreover, the industry is growing due to the growing number of elderly people. The market is rising as manufacturers and developers are becoming more and more interested in creating microfluidic devices. The joint efforts of manufacturers to establish a presence in new markets also aid in the expansion of the industry. One example is a request for manufacturing initiatives that require finance, launched by uFluidix, a leader in the bespoke manufacture of microfluidic devices composed of thermoplastics and PDMS. After effectively tripling their production capacity in the past 12 months, the uFluidix team is currently adjusting for novel process factors in the thermoplastic microfluidic chip manufacturing process.

US Microfluidics Market is poised to grow at a sustainable CAGR for the next forecast period.