Microfluidics Market, By Product Type (Microfluidic Components, Microfluidic-based Devices), By Material (Polymer, Silicon, PDMS, Glass, and Others), By Application (Therapeutics, Pharmaceutical & Life Science Research and Manufacturing, In-vitro Diagnostics, and Others), By End-Users (Hospitals, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2034

Report Code: PMI513723 | Publish Date: February 2024 | No. of Pages: 180

Microfluidics Market Overview

Microfluidics Market was valued at US$ 36.6 Billion in 2024 and is projected to grow at a CAGR of 13.90% to reach US$ 134.8 Billion by 2034.

Microfluidics studies the behavior of fluids via microchannels and widely used in procedures such as isoelectric focusing, capillary electrophoresis, flow cytometry, immunoassays, PCR amplification, sample injection in mass spectrometry, cell patterning, separation & manipulation of cells, and DNA analysis.

The growing penetration of microfluidics devices in research & diagnosis has positively impacted target market growth. They are also used in determining the glucose level, diagnosing dry eye diseases, detecting infection, and assessing levels of vascular endothelium growth factor which has provided lucrative opportunities for market growth. Growing strategic partnerships and continuous technological innovation is further expected to propel the demand for Microfluidics market over the forecast period.

Microfluidics Market - Introduction

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Microfluidics Market Dynamics

Increasing Demand for Point-of-Care Diagnostics (POC) to boost the target market growth

The increasing demand for POC (Point-of-Care) diagnostics has become a leading factor in the growth of the target market. POC (Point-of-Care) diagnostics is a critical part of healthcare and is specially required in disease diagnosis. Microfluidics technology is exemplary for point-of-care diagnostics that has the potential to provide time-saving and affordable point-of-care diagnostic tools to help in disease diagnosis, which in turn has been consistently pushing the growth of the Microfluidics Market. 

Rising Demand for Microfluidic Tools to fuel the target market growth

The rising demand for microfluidic tools across the global population is a crucial factor boosting the growth of the target market. The COVID-19 pandemic brought an increase in the production and the demand for IVD (In Vitro Diagnostics) tests like PCR (Polymerase Chain Reaction), RT-PCR (Real Time-Polymerase Chain Reaction). When incorporated with microfluidics, the PCR technique can be more effective, resulting in faster test results with higher efficacy, eventually leading to the growth of the Microfluidics Market. 

For instance, in 2022, according to the Clinical Laboratory News, it was reported that testing for SARS-CoV-2 added almost $33 billion to the IVD (In Vitro Diagnostics) market. Furthermore, cancer testing is one of the fastest growing segments, along with other IVD tests like, in situ hybridization and HPV molecular testing. 

Restrains:

Time-consuming regulatory approval

Complex as well as time-consuming regulatory approval process have restrained the growth of the target market. For marketing and sales of their goods in international markets, medical device manufacturers are bound by certain strict regulatory requirements which hampered Microfluidics market growth.

For instance, in 2020, the U.S. FDA (Food and Drug Administration) established strict regulatory criteria and guidelines to ensure the efficacy and safety of medical devices. However, the clearance procedure for medical devices has grown drawn out and complicated over the past few years. 

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Microfluidics Market Segmentation

Microfluidics Market - Segmentation

Microfluidics Market is segmented based on Product Type, Material, Application, End-Users and Region.

Product Type Insight

On the basis of Product Type, Microfluidics Market is segmented into Microfluidic Components, Microfluidic-based Devices. Microfluidic Components product type segment is expected to dominate the target market growth owing to rising need for high-speed diagnostics and growing number of drug discovery & life science research activities. Rising government funding and preference for personalized medicine is further expected to boost the segment growth.

Material Insights

On the basis of Material, Microfluidics Market is segmented into Polymer, Silicon, PDMS, Glass, and Others. PDMS (polydimethyl siloxane) material segment is expected to dominate the target market growth as it is widely used in microfluidics. Various advantages offered by PDMS such as robustness, non-toxicity, biocompatibility, low cost, permeability to gas & oxygen and others has boost the segment growth.

Application Insights

On the basis of Application, Microfluidics Market is segmented into Therapeutics, Pharmaceutical & Life Science Research and Manufacturing, In-vitro Diagnostics, and Others. In-vitro Diagnostics application segment is expected to dominate the target market growth owing to rising prevalence of targeted diseases and demand for point of care testing.

End-Users Insights

On the basis of End-Users Microfluidics Market is segmented into Hospitals, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, and Others. Hospitals end-user segment is expected to dominate the target market growth due to growing number of patient admission, robust healthcare infrastructure and availability of all facilities under one roof.

Regional Insights:

On region the Microfluidics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. The growing prevalence of chronic diseases, presence of major players, technological advancement & growing demand for microfluidic devices in the research & diagnostic sector is anticipated to increase demand for Microfluidics in the region.

Asia Pacific market is estimated to witness the fastest share over the forecast period owing to a developing economy, affordable labor, and sophisticated research infrastructure. In China, the government has set up a ‘Made in China 2025’ plan to expand local industries and focus on pharmaceuticals and medical devices, which is further expected to fuel the demand for Microfluidics market growth in the region.

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Report Scope:

Attribute

Details

Market Size 2024

US$ 36.6 billion

Projected Market Size 2034

US$ 134.8 billion

CAGR Growth Rate

13.9%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product Type – Microfluidic Components, Microfluidic-based Devices

By Material - Polymer, Silicon, PDMS, Glass, and Others

By Application - Therapeutics, Pharmaceutical & Life Science Research and Manufacturing, In-vitro Diagnostics, and Others

By End-Users - Hospitals, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Microfluidics Market report based on Product Type, Material, Application, End-Users and Region:

Microfluidics Market, By Product Type:

  • Microfluidic Components
  • Mironeedles
  • Micropumps
  • Microfluidic Chips
  • Microfluidic Valves
  • Flow & Pressure Controllers
  • Flow & Pressure Sensors
  • Others
  • Microfluidic-based Devices

Microfluidics Market, By Material:

  • Polymer
  • Silicon
  • PDMS
  • Glass
  • Others

Microfluidics Market, By Application:

  • Therapeutics
  • Wearable Devices
  • Drug Delivery
  • Pharmaceutical & Life Science Research and Manufacturing
  • Micro-reaction
  • Micro-dispensing
  • Lab Analytics
  • Cell-based Assays
  • Genomics
  • Proteomics
  • Capillary Electrophoresis

Microfluidics Market, By End-Users:

  • Hospitals
  • Academic & Research Institutes
  • Pharmaceutical & Biotechnology Companies
  • Others

Microfluidics Market, By Region:

  • North America
    • Middle East & Africa
    • GCC
    • Rest of Middle East & Africa
    • South Africa
    • Israel
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Microfluidics Market Key Players

The key players operating the Microfluidics Market includes, IDEX Corporation, Parker Hannifin Corporation, Danaher Corporation, Fluidigm Corporation, Fluigent SA, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, Bio-Rad Laboratories Inc., F.Hoffman La Roche Ltd., and others.

Microfluidics Market Company Profile

  • IDEX Corporation*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Parker Hannifin Corporation
  • Danaher Corporation
  • Fluidigm Corporation
  • Fluigent SA
  • Agilent Technologies Inc.
  • Thermo Fisher Scientific Inc.
  • Abbott Laboratories
  • Bio-Rad Laboratories Inc.
  • F.Hoffman La Roche Ltd.

“*” marked represents similar segmentation in other categories in the respective section

Microfluidics Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Material
      • Market Snippet, By Application
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Microfluidics Market, By Product Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Microfluidic Components
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Microfluidic-based Devices
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Microfluidics Market, By Material, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Polymer
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Silicon
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • PDMS
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Glass
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Microfluidics Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Therapeutics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Pharmaceutical & Life Science Research and Manufacturing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • In-vitro Diagnostics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Microfluidics Market, By End-Users, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Academic & Research Institutes
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Pharmaceutical & Biotechnology Companies
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  9. Microfluidics Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles 
  • IDEX Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Parker Hannifin Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Danaher Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fluidigm Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fluigent SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Agilent Technologies Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermo Fisher Scientific Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Abbott Laboratories
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bio-Rad Laboratories Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • F.Hoffman La Roche Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Microfluidics Market is segmented into Product Type, Material, Application, End-Users and Region.

Microfluidics Market is driven by factors like increasing demand for point-of-care diagnostics (POC) and rising demand for microfluidic tools.

By region, the Microfluidics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Microfluidics Market includes, IDEX Corporation, Parker Hannifin Corporation, Danaher Corporation, Fluidigm Corporation, Fluigent SA, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, Bio-Rad Laboratories Inc., F.Hoffman La Roche Ltd., and others.

Microfluidics Market was valued at US$ 36.6 Billion in 2024 and is projected to grow at a CAGR of 13.90% to reach US$ 134.8 Billion by 2034.