Microfluidics Market Growth Factors, Price, Share, Size and Current Industry Trends After Covid 19 Pandemic

The Global Microfluidics Market is projected to reach a value of over USD 34.9 billion by 2027 at a CAGR of 13.2%.

Microfluidics is referred to as the technology that deals with manipulation and precise control of the fluids in minute quantities (range 10-6 to 10-12) within the microfluidic channels. This technique implements the split, merge, and mix operations in order to manipulate the chemicals infused fluids used in medical application. It offers advantages such as improved precision and accuracy of experimental results as well as ability to run multiple analysis parallel, when compared to conventional techniques using macro-quantities of fluids. Microfluidics has gained popularity in the diseases diagnostic, drug screening, monitoring and delivery, point of care diagnostics, microbiological research, and many more application across pharmaceutical and healthcare sector.

Microfluidics Market: Drivers & Challenges

Market Driver:

Ongoing Trend of Miniaturization and Automation in Healthcare

Globally, increasing prevalence of chronic medical conditions results into higher demand for better access to advanced medical services, which can be easily catered by efficient, accurate, and portable medical devices. Microfluidics are increasingly used in portable, automated, and miniaturized devices resulting into lesser reagent consumption with less human interference, capable of delivering more accurate results in relatively less time. Rising awareness regarding advantages of the miniature medical diagnostics devices for delivering accurate results in lesser timespan, is projected to drive the market growth.

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Increasing Demand for Point-of-Care Testing

The growth of the microfluidics market is expected to grow on the grounds of growing preference towards point-of-care testing (POCT). The point-of-care testing is constantly transforming the healthcare scenario for enhancing the clinical service. Growing incidence of chronic diseases, increasing elderly population, ongoing technological advancement, increasing patient preference towards POCT along with favorable governmental support to reduce the hospital stays is driving the demand for point-of-care testing/diagnostics.

Market Restraint:

High Cost Fabrication

The growth of the microfluidics market is expected to hamper owing to high fabrication cost of microfluidics. Fabrication of the microfluidics is a labor intensive, complex and time consuming, which escalated the overall process cost, leading to difficulties in commercialization of microfluidics.

Microfluidics Market: Key Segments

On the basis of material: Inorganic, Polymers, and Paper
On the basis of application: Genomics, Diagnostics, Developmental Biology, Microbiology and Cell Biology, Drug Discovery, and Others
On the basis of end-user: Hospitals and Clinics, Diagnostic Centers, and Research Institutes

On the basis of region: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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Microfluidics Market: Report Scope

The report on the microfluidics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

F. Hoffmann-La Roche Ltd (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Illumina, Inc.
Abbott
Agilent Technologies, Inc.
Danaher
Blacktrace Group
Merck KGaA
Fluidigm Corporation
RainDance Technologies, Inc.
OPKO Health, Inc.
Sphere Fluidics Limited
Micronit Microtechnologies B.V.
Other Key Companies

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Microfluidics Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Microfluidics Market, by Material

Inorganic
Polymers
Paper

Microfluidics Market, by Application

Genomics
Diagnostics
Developmental biology
Microbiology and cell biology
Drug discovery
Others

Microfluidics Market, by End-user

Hospitals and Clinics
Diagnostic Centers
Research Institutes

Microfluidics Market, by Region

North America

US
Canada
Mexico

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Europe

Germany
UK
France
Italy
Rest of Europe

Middle East & Africa

Saudi Arabia
UAE
Rest of Middle East & Africa

South America

Brazil
Argentina
Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends – Porters Five Forces Analysis

6 GLOBAL MICROFLUIDICS MARKET BY MATERIAL, Market Size in USD Million (2019-2027)

7 GLOBAL MICROFLUIDICS MARKET BY APPLICATION, Market Size in USD Million (2019-2027)

8 GLOBAL MICROFLUIDICS MARKET BY END-USER, Market Size in USD Million (2019-2027)

9 GLOBAL MICROFLUIDICS MARKET BY REGION, Market Size in USD Million (2019-2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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