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Global Microfluidics Market Size, Share & Trends Analysis Report By Type (Microfluidic Sensors, Microfluidic Needles, Microfluidic Pumps), By Material (Glass, Polymer, Silicon), By Application (in Vitro Diagnostics, Capillary Electrophoresis, Genomics), and By Region and Forecast from 2022-2027


Report ID : IR1001479 | Industries : Healthcare | Published On :June 2024 | Page Count : 234

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  • Global Microfluidics Market Size, Share & Trends Analysis Report By Type (Microfluidic Sensors, Microfluidic Needles, Microfluidic Pumps), By Material (Glass, Polymer, Silicon), By Application (in Vitro Diagnostics, Capillary Electrophoresis, Genomics), and By Region and Forecast from 2022-2027
    Global Microfluidics Market
    Global Microfluidics Market was valued at USD 21.7 billion in 2021 which is expected to reach USD 59.0 billion by 2027, at a CAGR of 18.14 % from 2022-2027.
    A technical approach for examining the composition and properties of fluids is microfluidics. Using a collection of instruments to manipulate and regulate the chemical and biological processes of tiny fluid volumes is necessary for its application. Also, it is employed in the creation of microminiaturized devices that have a lot of tunnels and chambers for the confinement or movement of fluids. It requires fewer samples, the instruments are smaller, and it offers superior parameter control and data quality compared to conventional fluid measuring devices. As a result, it's frequently utilized for PCR amplification, cell separation, and DNA analysis.
    Market Driver
    The rise in chronic illnesses and infectious diseases is fuelling the market for microfluidic devices. Microfluidic tools are also employed in the early detection of cancer. For instance, the American Cancer Society (ACS) projects that in 2021 there will be an estimated 1.9 million new cancer cases identified and 608,570 cancer deaths in the United States.
    Furthermore, the market is growing as a result of the rising elderly population. For instance, the European Union's statistical agency, Eurostat, reported that in 2021, more than 20.8% of the population was 65 years of age or older. Due to slower metabolism and lowered immunity, older individuals are more susceptible to infectious and chronic diseases.
    Market Restraints
    Strict governmental approvals are one of the factors anticipated to hamper the market growth. Future market expansion may face further difficulties as a result of the standardization and commercialization of microfluidic devices. On the other hand, the lengthy and challenging regulatory approval process is anticipated to restrain the growth of the microfluidics market over the forecast period.
    COVID-19 Impact
    The COVID-19 outbreak had a positive impact on the microfluidics industry. Microfluidic technology-based rapid diagnostics, point-of-care diagnostics, and IVD devices for drug discovery and COVID-19 testing were in high demand. Several industry participants were focusing on introducing quick antigen testing based on microfluidics technology to diagnose COVID-19. In order to combat the pandemic, regulatory bodies had also promised to support the approval of microfluidics testing.
    Market Segmentation 
    Global Microfluidics Market is segmented into Types such as Microfluidic Sensors, Microfluidic Needles, and Microfluidic Pumps. Furthermore, the market is segmented into Materials such as Glass, Polymer, and Silicon. Moreover, the market is divided into Applications such as in Vitro Diagnostics, Capillary Electrophoresis, and Genomics)
    Regional Analysis
    Global Microfluidics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    North America accounted for the majority of the microfluidic devices market's revenue and is predicted to dominate the worldwide market over the projection period due to an increase in product launches, a solid healthcare infrastructure, and the presence of significant companies. The primary driver fueling market expansion is an increase in research funding from government agencies and businesses. 
    With rising healthcare costs, expanding healthcare infrastructure, and a large population base, Asia-Pacific is anticipated to experience the greatest expansion.
    Key Players
    This research describes a number of key players, including, Lonza Group, Thermo Fisher Scientific Inc., Perkinelmer Inc., Biorad Laboratories, Inc., Illumina, Inc., Qiagen N.V., Fluidigm Corporation, Dolomite Microfluidics, bioMérieux SA, Abbott Laboratories, Danaher Corporation.
    Market Taxonomy
    By Type 
    • Microfluidic Sensors
    • Microfluidic Needles
    • Microfluidic Pumps
    By Material
    • Glass
    • Polymer
    • Silicon
     By Application 
    • in Vitro Diagnostics
    • Capillary Electrophoresis
    • Genomics
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

    Global Microfluidics Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Microfluidics Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Microfluidics Market, By Types
    5.1 Y-o-Y Growth Comparison, By Types 
    5.2 Global Microfluidics Market Share Analysis, By Types 
    5.3 Global Microfluidics Market Size and Forecast, By Types
    5.3.1 Microfluidic Sensors
    5.3.2. Microfluidic Needles
    5.3.3. Microfluidic Pumps
    6 Global Microfluidics Market, By Material
    6.1 Y-o-Y Growth Comparison, By Material
    6.2 Global Microfluidics Market Share Analysis, By Material
    6.3 Global Microfluidics Market Size and Forecast, By Material
    6.3.1 Glass
    6.3.2 Polymer
    6.3.3 Silicon
    7 Global Microfluidics Market, By Application 
    7.1 Y-o-Y Growth Comparison, By Application 
    7.2 Global Microfluidics Market Share Analysis, By Application 
    7.3 Global Microfluidics Market Size and Forecast, By Application 
    7.3.1 in Vitro Diagnostics
    7.3.2. Capillary Electrophoresis
    7.3.3. Genomics
    8 Global Microfluidics Market, By Region
    8.1 Global Microfluidics Market Share Analysis, By Region
    8.2 Global Microfluidics Market Share Analysis, By Region
    8.3 Global Microfluidics Market Size and Forecast, By Region
    9 North America Microfluidics Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Microfluidics Market Share Analysis, By Types
    9.3 North America Microfluidics Market Size and Forecast, By Material
    9.4 North America Microfluidics Market Size and Forecast, By Application 
    9.5 North America Microfluidics Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Microfluidics Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Microfluidics Market Share Analysis, By Types 
    10.3 Europe Microfluidics Market Size and Forecast, By Material 
    10.4 Europe Microfluidics Market Size and Forecast, By Application 
    10.5 Europe Microfluidics Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11 Asia Pacific Microfluidics Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Microfluidics Market Share Analysis, By Types 
    11.3 Asia Pacific Microfluidics Market Size and Forecast, By Material 
    11.4 Asia Pacific Microfluidics Market Size and Forecast, By Application 
    11.5 Asia Pacific Microfluidics Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Microfluidics Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Microfluidics Market Share Analysis, By Types 
    12.3 Latin America Microfluidics Market Size and Forecast, By Material 
    12.4 Latin America Microfluidics Market Size and Forecast, By Application 
    12.5 Latin America Microfluidics Market Size and Forecast, Country
    13 Middle East Microfluidics Market Analysis and Forecast (2022-2027)
    13.1 Introduction
     13.2 Middle East Microfluidics Market Share Analysis, By Types 
    13.3 Middle East Microfluidics Market Size and Forecast, By Material 
    13.4 Middle East Microfluidics Market Size and Forecast, By Application 
    13.5 Middle East Microfluidics Market Size and Forecast, By Country
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Lonza Group
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2. Thermo Fisher Scientific Inc.
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3. Perkinelmer Inc.
    15.3.1 Overvie
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Biorad Laboratories, Inc.
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Illumina, Inc.
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Qiagen N.V.
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Fluidigm Corporation 
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 Dolomite Microfluidics
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 bioMérieux SA
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 Abbott Laboratories
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies
    15.11 Danaher Corporation
    15.11.1 Overview
    15.11.2 Offerings
    15.11.3 Key Financials
    15.11.4 Business Segment & Geographic Overview
    15.11.5 Key Market Developments
    15.11.6 Key Strategies