Microfluidics Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Microfluidics Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Microfluidics market by thorough analysis, and projections are made up to 2030.
Projected Growth Trajectory for Microfluidics Market:
The size of the microfluidics market was valued at USD 28.80 billion in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 17.2% to reach USD 87.49 billion by 2030.
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Microfluidics Market Scope and Methodology:
The approach that gives investors relevant information by combining descriptive analysis and SWOT analysis is covered in the study. Giving a complete picture of the Microfluidics market is the study's main objective. The process of gathering data involves a variety of methods, such as questionnaires and surveys. After then, mathematical, statistical, and numerical techniques are used to evaluate the data. Gathering and categorizing data is crucial since a combination of qualitative and quantitative research methodologies are needed to identify Microfluidics market trends.
The buyer-direct scenario, RD projects, innovative forms of development, cutting-edge industry practices, and market consolidations and acquisitions are all carefully examined in order to evaluate the potential futures of the market. Included in the research are charts, organizational portfolios, methods, and a critical evaluation of well-known corporate leaders. A thorough SWOT and PESTLE analysis was conducted on the Microfluidics Market in order to pinpoint market trends and provide microeconomic factors.
Microfluidics Market Regional Insights:
The Regional Analysis section displays the present state of the Microfluidics market in each of the study's participating nations. Due to the complexity of the Microfluidics business, local perspectives must be considered. North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa are the regions that comprise the Microfluidics market. We extensively examine each research region's market size, growth rate, imports and exports, as well as other particular characteristics.
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Microfluidics Market Segmentation:
by Product Type
Microfluidic-Based Devices
Microfluidic Components
The microfluidics market is expected to be dominated by microfluidic-based devices in 2023 because of their numerous applications in a variety of industries, such as biotechnology, healthcare, pharmaceuticals, and diagnostics. These tools make it possible to precisely manipulate small amounts of fluids, which improves sensitivity, accuracy, and speed of results. These are important benefits for applications including drug research, lab-on-a-chip technologies, and point-of-care diagnostics. Microfluidic device usage in healthcare is fueled by the growing need for quick and minimally invasive diagnostic procedures as well as advances in personalized therapy. Researchers and healthcare professionals find the gadget very appealing since it can combine several laboratory procedures into a single chip, which lowers expenses, space requirements, and time commitments.
by Material
Polymer
Glass
Silicon
Metal
Ceramics
In 2023, the microfluidics market was dominated by the Polydimethylsiloxane (PDMS) segment, which held the highest revenue share of 36.7%. Among other polymers, polydimethylsiloxane has gained appeal, especially in microfluidic devices that allow for quick prototyping. This is because academic professionals highly approve of these polymers because of how inexpensive and easily produced they are. Furthermore, novel PDMS surface treatments are being introduced into the market to solve problems related to PDMS hydrophobicity. Because hydrophobic analytes become deposited on the PDMS surface and interfere with analysis, operating microchannels in aqueous solutions is challenging.
by Application
Point-of-care testing
Clinical Diagnostics
Drug Delivery
Analytical Testing
Genomics
Proteomics
Cell-based Analysis
Others
According to Application, the market leader and one with the biggest revenue share (39.5%) in 2023 was the lab-on-a-chip category. Suitable for molecular biology applications, the lab-on-a-chip segment offers high detection speed while retaining the necessary sensitivity during DNA or RNA amplification and detection procedures.
by End-User
Hospitals & Diagnostic Centers
Academic & Research Institute
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Others
In-vitro diagnostics and life science research together account for over 59% of the market by End-User in 2023, and this trend is anticipated to keep true over the course of the forecast period. The pandemic's increased testing acceptance is responsible for the market's growth. Throughout the forecast period, the development of automated in-vitro diagnostics systems for hospitals and labs to give quick, precise, and error-free diagnoses is anticipated to drive market expansion.
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Microfluidics Market Key Players:
North America
1. PerkinElmer
2. Standard BioTools
3. Aline
4. Thermo Fisher Scientific
5. Agilent Technologies
6. Becton, Dickinson and Company
7. Abbott Laboratories
8. QuidelOrtho
9. Micropoint
10. OPKO Health
11. 3D Microfluidics
12. IDEX (Industrial Supplies and Parts)
13. Wheeler Microfluidics Laboratory
14. Jengu
15. Unchained Labs
16. Bio-Rad Laboratories
17. uFluidix
18. Hesperos
Europe
19. Micronit
20. Fluigent
21. Philips
22. Biosurfit
23. DOXA Microfluidics
24. Elveflow
25. Sphere Fluidics
APAC
26. NanoEnTek
ME
27. SaudiVax
28. RedSeaBio Tik
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Key questions answered in the Microfluidics Market are:
- What growth strategies are the players considering to increase their presence in Microfluidics?
- What are the upcoming industry applications and trends for the Microfluidics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Microfluidics Market?
- Who are the leading companies and what are their portfolios in Microfluidics Market?
- What segments are covered in the Microfluidics Market?
- Who are the key players in the Microfluidics market?
- Which application holds the highest potential in the Microfluidics market?
- What are the key challenges and opportunities in the Microfluidics market?
- What is Microfluidics?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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