Global Microfluidics Market

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 2025-2032


Report ID: SQMIG35A2288 | Region: Global | Published Date: September, 2024
Pages: 219 | Tables: 63 | Figures: 77

Microfluidics Market Insights

Microfluidics Market size was valued at USD 24.48 Billion in 2023 and is poised to grow from USD 27.61 Billion in 2024 to USD 72.37 Billion by 2032, growing at a CAGR of 12.8% during the forecast period (2025-2032).

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 microfluidics industry is growing due to the growing number of elderly people. The microfluidics 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 microfluidics market is made up of various players combining old players and new player startups that focus on new technologies. The major international companies include Thermo Fisher Scientific, Agilent Technologies, Roche that have state-of-the-art microfluidics technologies. Other companies include Bio-Rad Laboratories, and Fluidigm among other players. New players enter the market with better performing products which increases competition and improves the products in the market and widens the applications in health diagnostics, drug dispensing and research in life sciences. 'Thermo Fisher Scientific (US) ', 'Becton, Dickinson, and Company (US) ', 'Agilent Technologies (US) ', 'Bio-Rad Laboratories (US) ', 'F. Hoffmann-La Roche (Switzerland) ', 'Danaher Corporation (US) ', 'Illumina Inc. (US) ', 'Fluidigm Corporation (US) ', 'Abbott Laboratories (US) ', 'BioMérieux (France) ', 'Hologic (US) ', 'Quidel Corporation (US) ', 'SMC Corporation (Japan) ', 'Parker-Hannifin Corporation (US) ', 'IDEX Corporation (US) ', 'Fortive Corporation (US) ', 'Aignep S.p.A (Italy) ', 'Dolomite Microfluidics (UK) ', 'Elveflow (France) ', 'uFluidix (Canada) ', 'NanoString Technologies (US) ', 'Nortis Inc. (US) ', 'Innovative Biochips, LLC (US) ', 'Fluidic Analytics (UK)'

The microfluidics market is highly driven by advancements in microfluidic technologies like lab-on-a-chip devices and organ-on-chip systems. These developments allow faster and accurate diagnostics and efficient drug distribution which is essential in personalized medicine, point-of-care testing, and pharmaceutical research, thus enhancing the growth of the market. 

Growing Demand for Point-of-Care Testing Solutions: The microfluidics market is experiencing a remarkable shift in focus towards the POC testing (point of care testing) solutions - the rapid and accurate diagnostics. This transformation allows improving patient access to timely care, especially in rural regions, and facilitates the growing use of microfluidic devices in emergency and domiciliary care. 

The microfluidics market has its highest share in North America which can be explained by the developed health care system and the high investments in research and development with a larger number of the world’s pharmaceutical and biotechnology companies located therein. The demand for microfluidic devices in the region is heightened by the innovations in diagnostic technologies, personalized healthcare and lab-on-chip technologies. Favorable regulatory frameworks and strong government support for advanced medical research, particularly in the U.S., also contribute to the microfluidics market growth. Fueled by high incidences of chronic illnesses as well as the requirements for inexpensive and efficient diagnostic solutions tends to push North America to the front line where microfluidic techniques are being used across various healthcare and life sciences disciplines. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Microfluidics Market

Report ID: SQMIG35A2288

$5,300
BUY NOW GET FREE SAMPLE