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Microfluidics Market Report and Forecast 2024-2032

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    Report

  • 205 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921369
According to the report, the global microfluidics market is projected to grow at a CAGR of 15.5% between 2024 and 2032 reaching a value of approximate USD 53.95 billion by 2032. Aided by the persistent advancements in medical research and diagnostics, coupled with the increasing need for point-of-care testing, the market is projected to grow significantly by 2032.

Microfluidics is a technology focusing on the manipulation and control of fluids at a sub-millimetre scale, typically within the range of microliters to picolitres. This technique plays a pivotal role in various applications, such as lab-on-a-chip systems, drug delivery, diagnostics, and chemical synthesis. Due to its ability to reduce the quantities of samples and reagents, enhance the resolution and sensitivity of tests, and decrease the time and cost of experiments, microfluidics has gained prominence across diverse sectors.

One of the primary driving forces behind the global microfluidics market growth is its utility in point-of-care testing and diagnostics. The current global health scenario, underlined by epidemics and the necessity for swift diagnostic processes, underscores the value of rapid and portable diagnostic tools. Microfluidic devices, given their compact size, low cost, and efficient operation, are increasingly preferred for on-site disease detection.

Moreover, the pharmaceutical sector is leveraging the microfluidics market demand for its drug delivery systems. The technology offers precise control over fluid volumes and flow rates, allowing for more consistent and targeted delivery of medications. This is particularly crucial in treatments where accurate dosages and timing are paramount, such as in chemotherapy or insulin delivery for diabetic patients.

The cosmetic industry, much like its adoption of casein, has started to recognise the potential of microfluidics. In skincare, for instance, microfluidic systems can be used to create custom blends of products tailored to an individual's unique skin profile. This personalisation, driven by the merger of technology and cosmetics, delivers products with enhanced efficacy, meeting specific consumer demands.

As per the microfluidics market analysis, the advancement in microfluidic chip technology has opened avenues in environmental monitoring and chemical synthesis. By integrating sensors and microfluidic channels, researchers can detect pollutants at extremely low concentrations, ensuring more accurate environmental assessments. Similarly, in chemical synthesis, the technology allows for reactions to occur more quickly and with better yield, given the enhanced surface-to-volume ratio of microchannels.

Furthermore, the rise in personalised medicine and at-home health monitoring has paved the way for microfluidics' incorporation in wearable tech. Devices equipped with microfluidic systems can continually monitor health metrics, such as glucose or lactate levels, offering real-time data to users and medical professionals alike.

Market Segmentation

The market can be divided based on material, application, and region.

Market Breakup by Material

  • Polymer
  • Glass
  • Silicon
  • Others

Market Breakup by Application

  • Pharmaceuticals
  • Genomics
  • Proteomics
  • Cell Based Assays
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global microfluidics market. Some of the major players explored in the report are as follows:
  • Illumina, Inc.
  • Agilent Technologies, Inc.
  • Cepheid
  • Bio-Rad Laboratories, Inc.
  • Caliper Life Sciences Inc.
  • Danaher Corporation
  • Abbott Laboratories
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microfluidics Market Analysis
8.1 Key Industry Highlights
8.2 Global Microfluidics Historical Market (2018-2023)
8.3 Global Microfluidics Market Forecast (2024-2032)
8.4 Global Microfluidics Market by Material
8.4.1 Polymer
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Glass
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Silicon
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Microfluidics Market by Application
8.5.1 Pharmaceuticals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Genomics
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Proteomics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Cell Based Assays
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Microfluidics Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Microfluidics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Microfluidics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Microfluidics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Microfluidics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Microfluidics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Illumina, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Agilent Technologies, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cepheid
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bio-Rad Laboratories, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Caliper Life Sciences Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Danaher Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Abbott Laboratories
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microfluidics Market: Key Industry Highlights, 2018 and 2032
2. Global Microfluidics Historical Market: Breakup by Material (USD Billion), 2018-2023
3. Global Microfluidics Market Forecast: Breakup by Material (USD Billion), 2024-2032
4. Global Microfluidics Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Microfluidics Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Microfluidics Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Microfluidics Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Microfluidics Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Microfluidics Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Microfluidics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Microfluidics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Microfluidics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Microfluidics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Microfluidics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Microfluidics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Microfluidics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Microfluidics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Microfluidics Market Structure

Companies Mentioned

  • Illumina Inc. (NASDAQ: ILMN)
  • Agilent Technologies Inc (NYSE: A)
  • Caliper Life Sciences
  • Cepheid Inc
  • Danaher Corporation (NYSE: DHR)
  • Bio-Rad Laboratories Inc. (NYSE: BIO)
  • Abbott Laboratories (NYSE: ABT)

Methodology

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Table Information