Microfluidics Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Microfluidics Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Microfluidics market and its component manufacturers over the next decade.
The size of the microfluidics market was valued at USD 28.80 billion in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 17.2% to reach USD 87.49 billion by 2030.
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Microfluidics Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Microfluidics market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Microfluidics market are examined in the report.
Microfluidics Market Segmentation
by Product Type
Microfluidic Chip
Instruments
Cartridges Reagents
Others
Throughout the forecast period, the Microfluidics market is anticipated to be led by the Product Type segment, namely microfluidic chips. Microfluidic chips are perfect for quick detection in areas with limited medical resources since they detect more quickly than typical medical detection equipment. These chips have a large surface area due to their small size, which leads to superior mass transfer and analytical throughput.
by Application
Organs-on-chips
Lab-on-a-chip
Point of care testing
Continuous Flow Microfluidics
Acoustofluidics and Microfluidics
Optofluidics and Microfluidics
Electrophoresis and Microfluidics
According to Application, the market leader and one with the biggest revenue share (39.5%) in 2023 was the lab-on-a-chip category. Suitable for molecular biology applications, the lab-on-a-chip segment offers high detection speed while retaining the necessary sensitivity during DNA or RNA amplification and detection procedures.
by Material
Polydimethylsiloxane
Glass based
Others
By Substance, In 2023, the microfluidics market was dominated by the Polydimethylsiloxane (PDMS) segment, which held the highest revenue share of 36.7%. Among other polymers, polydimethylsiloxane has gained appeal, especially in microfluidic devices that allow for quick prototyping. This is because academic professionals highly approve of these polymers because of how inexpensive and easily produced they are. Furthermore, novel PDMS surface treatments are being introduced into the market to solve problems related to PDMS hydrophobicity. Because hydrophobic analytes become deposited on the PDMS surface and interfere with analysis, operating microchannels in aqueous solutions is challenging.
by End-User
Pharmaceuticals
In-vitro Diagnostics
Environmental Research
Life Science Research
Clinical Diagnostics
In-vitro diagnostics and life science research together account for over 59% of the market by End-User in 2023, and this trend is anticipated to keep true over the course of the forecast period. The pandemic's increased testing acceptance is responsible for the market's growth. Throughout the forecast period, the development of automated in-vitro diagnostics systems for hospitals and labs to give quick, precise, and error-free diagnoses is anticipated to drive market expansion.
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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
Table of content for the Microfluidics Market includes:
Part 01: Executive Summary
Part 02: Scope of the Microfluidics Market Report
Part 03: Microfluidics Market Landscape
Part 04: Microfluidics Market Sizing
Part 05: Microfluidics Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The Microfluidics market report comprises an extensive analysis of the Microfluidics industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Microfluidics Market Report are:
- What is Microfluidics Market?
- What is the forecast period of the Microfluidics Market?
- What is the competitive scenario of the Microfluidics market?
- Which region held the largest market share in the Microfluidics Market?
- What are the opportunities for the Microfluidics Market?
- What are the restraining factors in the Microfluidics market?
- Who are the key players of the Microfluidics market?
Key offerings:
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Microfluidics
- Landscape- Leading key players and other prominent key players.
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