Microfluidics Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Microfluidic is a term which manipulates and controls the fluids which are at a range of microliters to picoliters in a network channel. Microfluidics is used in various fields such as chemistry, physics, engineering, nanotechnology and biotechnology where low volume fluids are to be controlled to achieve multiplexing, automation and some others.

Microfluidics Market Segments Size & Growth:

Microfluidics Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by demand for point of care testing and approval for personalised medicine. Though, complex regulatory approval process hampers the growth of the Microfluidics market.

Microfluidics Market Segments Share:

Microfluidics market is categorised into by material which consists polymer-based, glass-based, silicon-based, and some others. Polymer-based microfluidics is expected to grow at a quick pace due to high reliability and increasing application in various diagnostic fields. By components, it is classified by microchips, micropumps, microfluidics cartridges and reagents, Micronozzles, Microvalves, and so on. Microfluidics cartridges & reagents are the leading markets owing to the high usage of cartridges and reagents in laboratories. In-Vitro diagnostics is projected to have the highest growth among other application due to the rising demand for point of care testing in the healthcare sector. By end-user, it is segmented as pharmaceutical, academic & research, diagnostic lab, drug delivery services and some others. Pharmaceutical is projected to have a significant growth because of the demand for point of care and helps to monitor cancer as well as cardiovascular disorders. By Geography, North America is dominating the growth of the Microfluidics market and the growth in North America is mainly attributed because of huge insurance schemes for lab testing and medical reimbursements. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, due to increase in R&D and rise in healthcare expenditure.

Microfluidics Market Segments Trends:

• In September 2017, PerkinElmer, Inc. has launched new MD system QSight 210 for clinical laboratories to provide better results.
• In March 2016, Agilent technologies launched a novel platform for analysing cell-free DNA to help researchers to have a clear picture.

Microfluidics Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

• Roche Diagnostics Limited
• PerkinElmer, Inc.
• Agilent Technologies
• Bio-Rad Laboratories, Inc.
• Danaher Corporation