Microfluidics Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Microfluidics Industry Prospective

The microfluidics market size was evaluated at $24.68 Billion in 2023 and is slated to hit $69.33 Billion by the end of 2032 with a CAGR of nearly 12.16% between 2024 and 2032.

The report covers a forecast and an analysis of the microfluidics market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints of the microfluidics market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the microfluidics market on a global level.

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In order to give the users of this report a comprehensive view of the microfluidics market, we have included a competitive landscape and an analysis of Porter’s Five Forces model in the market. The study encompasses a market attractiveness analysis, where all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Microfluidics Market: Overview

Microfluidics is a science of manipulating and controlling small amounts of fluids, especially in microliters and Pico-liters inside small tunnels and chips. These fluids have numerous applications in the healthcare industry, as they have made handling of fluids in the laboratory much easier and reduced the use of reagents and samples. A very small amount of this fluid is required for testing that offers an effective alternative to conventional laboratory techniques. This makes things much simpler and faster as compared to conventional technologies along with having a wide range of application in various industries.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments in the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Microfluidics Market: Growth Factors

There are various factors expected to drive the global microfluidics market in the future, include wide applications of microfluidics in various areas, such as glucometer kits, pregnancy test kits, etc., increasing point-of-care diagnostics, rising in vitro diagnostics, growing prevalence of chronic diseases like diabetes. As per the International Diabetes Federation 2017, there were around 425 million adults living with diabetes and the diabetic population is expected to reach around 629 million by 2045.

Moreover, the increased use of portable devices and augmented demand for faster results for quicker diagnosis and treatment are also expected to promote the microfluidics market over the forecast time period. On the other hand, the increasing applications of microfluidics technology will create ample opportunities in the microfluidics market in the future. However, complex regulatory approval process and low adoption in developing countries due to high prices may inhibit the growth of the global microfluidics market over the forecast time period.

Microfluidics Market: Segmentation

The study provides a decisive view of the microfluidics market based on component, material, application, and region.

Based on the component, the microfluidic market includes micro needles, micro pumps, microfluidic chips, and others. Microfluidic chips held the largest market share in 2024.

Based on material, the microfluidics market includes silicone, glass, and polymer. The polymer segment is expected to dominate the microfluidics market over the forecast time period.

Based on application, the microfluidics market includes point-of-care diagnostics, high-throughput screening, drug delivery, clinical diagnostics, and lab analytics. Point-of-care diagnostics are expected to dominate the microfluidics market over the estimated timeline.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., Germany, France, UK, China, Japan, Indi, and Brazil.

Microfluidics Market: Report Scope

Microfluidics Market: Regional Insights

North America is anticipated to be the dominant region in the global cardiopulmonary bypass accessory equipment market over the forecast time period, owing to favorable government policies supporting the invasion of new and advanced treatment procedures, substantial developments in the healthcare infrastructure, and research grant by the government and ruling authorities. Asia Pacific is expected to show the fastest CAGR over the estimated timeframe, due to a large geriatric population base in the Asia Pacific region, especially in India, China, and Japan.

Microfluidics Market: Competitive Space

Some key players of the global microfluidics market are

• Thermo Fisher Scientific Inc
• F. Hoffmann La-Roche Ltd.
• Bio-Rad Laboratories.Inc.
• Danaher Corporation
• Agilent Technologies. Inc.
• PerkinElmer. Inc.
• And Others

This report segments the global microfluidics market into:

Global Microfluidics Market: Component Analysis

• Microfluidic Chips
• Micro Pumps
• Micro Needles
• Others

Global Microfluidics Market: Material Analysis

• Polymer
• Silicone
• Glass

Global Microfluidics Market: Application Analysis

• Drug Delivery
• High-Throughput Screening
• Point-of-Care Diagnostics
• Lab Analytics
• Clinical Diagnostics

Global Microfluidics Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa