Microfluidics market size reached USD 28.80 billion in 2023 and is expected to reach USD 87.49 billion by 2030, growing at a CAGR of 17.2 % during the forecast period.

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.

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Microfluidics Market Scope and Methodology:

The Microfluidics market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Microfluidics market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Microfluidics market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Microfluidics market were developed. The study provides a thorough value chain analysis that clarifies the Microfluidics production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Microfluidics market on a global and micro level.

Microfluidics Market Segmentation:

by Product Type

Microfluidic-Based Devices
Microfluidic Components

Because of their many uses in a variety of sectors, such as healthcare, pharmaceuticals, biotechnology, and diagnostics, microfluidic-based devices will have the biggest market share in the microfluidics market in 2023. These tools make it possible to precisely manipulate tiny fluid quantities, which improves sensitivity, accuracy, and speed of results—all of which are essential for applications like drug discovery, lab-on-a-chip technologies, and point-of-care diagnostics. The use of microfluidic devices in healthcare is fueled by the expanding need for quick and minimally invasive diagnostic procedures as well as developments in customized treatment. Furthermore, the device's capacity to combine several laboratory procedures into a single chip saves money, time, and space, which makes it very appealing to researchers and medical professionals.

by Material

Polymer
Glass
Silicon
Metal
Ceramics

With the biggest revenue share of 36.7% in 2023, the Polydimethylsiloxane (PDMS) category led the microfluidics market. Among other polymers, polydimethylsiloxane has gained appeal, especially in microfluidic devices that require quick prototyping. This is because academic professionals find these polymers to be quite acceptable due to their low cost and ease of production. Furthermore, special PDMS surface alterations are being introduced to the market to solve problems related to PDMS hydrophobicity. Because hydrophobicity causes analytes to become adsorbed on the PDMS surface and interfere with analysis, it is challenging to operate microchannels in aqueous solutions.

by Application

Point-of-care testing
Clinical Diagnostics
Drug Delivery
Analytical Testing
Genomics
Proteomics
Cell-based Analysis
Others

With the biggest revenue share of 39.5% in 2023, the lab-on-a-chip category led the market. The lab-on-a-chip segment is appropriate for molecular biology applications because it offers fast detection speed while preserving the necessary sensitivity during DNA or RNA amplification and detection processes.

by End-User

Hospitals & Diagnostic Centers
Academic & Research Institute
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Others

Together, the life science research and in-vitro diagnostics segments accounted for more than 59% of the market in 2023, and this trend is anticipated to prevail throughout the forecast period. The growing use of testing as a result of the pandemic is responsible for the market expansion. The creation of automated in-vitro diagnostics systems for hospitals and labs to give quick, precise, and error-free diagnoses is anticipated to drive market expansion throughout the course of the projected period.

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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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Microfluidics Market Regional Insights :

The size and trends in the Microfluidics market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Microfluidics Market are:

• What is Microfluidics?
• What was the Microfluidics market size in 2023?
• Which are the factors expected to drive the Microfluidics market growth?
• Who are the leading companies and what are their portfolios in Microfluidics Market?
• 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 will be the CAGR at which the Microfluidics market will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Microfluidics Market?
• What are the different segments of the Microfluidics Market?
• What is the growth rate of the Microfluidics Market?
• What segments are covered in the Microfluidics Market?
• Who are the key players in the Microfluidics market?
• What are the key challenges and opportunities in the Microfluidics market?
• Which application holds the highest potential in the Microfluidics market?

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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
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT 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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