Microfluidics Market by Product (Devices, Components (Chip, Sensor, Pump, Valve)), Application (IVD (POC, Clinical, Veterinary), Research, Manufacturing, Therapeutics), End User (Hospital, Diagnostic Center, Academic Institutes), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Microfluidics Market Overview
The Microfluidics Market size is projected to reach a CAGR of 24.6% from 2022 to 2028.
Microfluidics is a medical approach involving the precise control of small fluid samples for medical analysis. The sample sizes in microfluidics range from microliters to picolitres. At such low volumes, the transportation of fluid is governed significantly by its mass.
Growing technological advancements in diagnostic devices, rising demand for microfluidics technology, and rising incidence of chronic diseases are some of the factors that have supported long-term expansion for Microfluidics Market.
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The COVID-19 pandemic has impacted the overall microfluidics industry in positive ways. The demand for rapid diagnostic tests, POC tests, and IVD devices with microfluidic technology utilized in drug discovery and COVID-19 testing has witnessed a significant demand.
Microfluidics Market Regional Analysis
North America is expected to account for the largest share of the microfluidics market. North America has various additional advantages—investment initiatives by governments and the presence of high-quality infrastructure for clinical and laboratory research.
Microfluidics Market Competitive Landscape
Key Players
• uFluidix
• Bio-Rad Laboratories Inc.
• Fluidigm Corporation
• Illumina Inc.
• PerkinElmer, Inc
• Parker Hannifin Corporation
• IDEXX Corporation
• Fluigent SA
• Aignep S.P.A.
• Camozzi Automation SPA Societá Unipersonale
• Dolomite microfluidics
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Microfluidics Market Recent Developments
• In March 2020, Parker-Hannifin Corporation (US) launched the LM-Pro linear motor proportional valves for the ventilators market.
• In March 2020, Bio-Rad Laboratories Inc. (US) launched the SARS CoV-2 Standard to support laboratory assay validation of COVID-19 testing Germitec S.A. (France) received approval for the UV reprocessor from the FDA in April 2019.
Reasons to Acquire in the Microfluidics Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Microfluidics Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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