What Has Been The Historical And Current Growth Of The Microfluidics Market?
The microfluidics market has seen considerable growth due to a variety of factors.
• In the past few years, the microfluidics market has experienced swift expansion. Its size is projected to escalate from $9.16 billion in 2024 to $10.38 billion in 2025, marking a 13.3% compound annual growth rate (CAGR). This significant rise during the historic period can be traced back to robust economic development in burgeoning markets, a heightened occurrence of chronic ailments, a surge in new infections and fatalities due to COVID-19, and amplified healthcare spending.
What are the Market Size and Expected Growth Rates for the Microfluidics Market?
The microfluidics market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the microfluidics market is anticipated to experience significant expansion, reaching a value of $18.25 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%.
This projected growth during the forecast period can be traced back to several factors, such as the mounting demand for point-of-care testing in medical sectors, an escalating need for microfluidics, and a surge in clinical research for cell-based therapies. Key trends anticipated during the prediction period include the implementation of white blood cell isolation technology, product innovation, adoption of a digital microfluidics framework, the application of 3D printing in microfluidics, technological progress, utilization of invitro diagnostics tests, as well as the formation of strategic alliances and cooperative efforts.
What Are The Core Factors Supporting Growth In Microfluidics Market?
The escalation in the requirement for more advanced and efficient point-of-care testing within the healthcare sector is propelling the microfluidics market. Point-of-care testing (POCT) affords doctors the opportunity to swiftly identify and diagnose diseases at or near the patient's location, being faster than conventional laboratory testing. POCT devices based on microfluidics are portable, cost-effective, and provide quick and exact results. There is an increasing global trend for countries to invest in POCT competencies to provide effortless testing services to their inhabitants, thereby potentially increasing the demand for innovative microfluidics employed in POCT gadgets. For instance, Eurostat, the European statistical office of the European Union, reported in November 2023 that approximately 36.1% of the EU population aged 16 and above had a chronic illness or health issue in 2022. Consequently, the burgeoning demand for point-of-care testing may stimulate the demand for microfluidics during the forecast period.
How Is The Globa Microfluidics Market Divided Into Key Segments?
The microfluidics market covered in this report is segmented –
1) By Material: Silicon-Based Microfluidics, Glass-Based Microfluidics, Polymer-Based Microfluidics
2) By Application: Industrial And Environmental, Drug Delivery, Pharmaceutical And Life Science Research, Analysis, Clinical And Veterinary Diagnostics
Subsegments:
1) By Silicon-Based Microfluidics: Bulk Micromachined Silicon, Silicon-on-Insulator (SOI), Nano-Structured Silicon
2) By Glass-Based Microfluidics: Borosilicate Glass, Fused Silica Glass, Soda-Lime Glass
3) By Polymer-Based Microfluidics: Polydimethylsiloxane (PDMS), Poly(methyl methacrylate) (PMMA), Polycarbonate (PC), Other Polymer Materials
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What Trends Are Reshaping The Microfluidics Market?
The swift expansion of the microfluidics market is being fueled by advancements in product innovation. Corporations in the microfluidics field are developing cutting-edge products to cater to the rapidly increasing demand in the industry and fortify their market foothold. Specifically, Miroculus Inc., a company that specializes in personal lab automation solutions based in California, unveiled Micro Canvas in March 2022. This digital microfluidics platform is constructed to automate intricate next-generation sequencing platforms.
Who Are the Key Players in the Microfluidics Market?
Major companies operating in the microfluidics market include:
• Thermo Fisher Scientific
• Agilent Technologies
• Illumina Inc
• Bio-Rad Laboratories
• Fluidigm Corporation
• Dolomite Microfluidics
• PerkinElmer. Inc.
• Biosurfit SA
• Sphere Fluidics Limited
• Micronit Micro Technologies B.V.
• Parker Hannifin Corp.
• Fluigent
• Camozzi
• Gems Sensors. Inc.
• Aignep S.P.A.
• SMC Corporation
• Cellix Ltd
• Elveflow
• Microliquid
• S.L.
• Danaher Corporation
• BD
• Absolute Ozone
• FlowJEM
• uFluidix
• QuantWave Technologies Inc.
• Shelron Enterprises
• Harvard Bioscience. Inc.
• Abaxis. Inc.
• OPKO Health. Inc.
• IDEX Health & Science LLC
• Stämm
• The Advanced Microfluidics and Microdevices Laboratory
• Chromatotec Group
• Abbott
• Safarmex PTY Ltd
What are the Regional Insights into the Microfluidics Market?
North America was the largest region in the microfluidics market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the microfluidics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
