Microfluidics Market Pioneering Progress: Market Size, Share, and Growth Patterns Unleashed | 2024-2030

Microfluidics market size reached USD 28.80 billion in 2023 and is expected to reach USD 87.49 billion by 2030, growing at a CAGR of 17.2 % during the forecast period.

Microfluidics Market Overview:

Maximize Market Research provides a comprehensive description of Microfluidics Market which helps to understand its feature in an optimized way. The projected statistics, significant advancements and income are all included in detail in the Microfluidics research paper.

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Microfluidics Market Scope:

The report encompasses both qualitative and quantitative assessments of the Microfluidics Market, utilizing segmentation that takes into account economic and non-economic factors. It conducts a comprehensive exploration of the Microfluidics industry from diverse angles, employing Porter's five forces analysis. Furthermore, the report sheds light on the Microfluidics Market by tracing its journey through the value chain. Historical data and forward-looking revenue growth forecasts are presented at the country, regional, and global levels, accompanied by an analysis of market trends within each sub-segment and region.

Within the report's competitive landscape, intricate details about Microfluidics competitors are provided. This includes a company overview, financials, revenue generation, market potential, research and development investments, new market ventures, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launches, product range, application dominance, and more. The assessment of the global and regional Microfluidics Market size was conducted using a bottom-up approach.

Microfluidics  Market Key Players:

1. PerkinElmer Inc.
2. Standard BioTools (Previously Fluidigm)
3. Blacktrace Holdings Ltd. (Dolomite Microfluidic)
4. Micronit
5. BioFluidix Gmbh
6. Fluigent
7. ALine Inc.
8. Philips
9. Danaher Corporation
10. Thermo Fisher Scientific
11. Agilent Technologies
12. Becton, Dickinson and Company
13. Illumina, Inc.
14. Abbott Laboratories
15. Quidel Corporation
16. Abaxis, Inc.
17. Covalent Materials, Inc.
18. Biosurfit SA
19. Micropoint Bioscience, Inc.
20. Siloam Biosciences, Inc.
21. NanoEnTek Inc.
22. OPKO Health, Inc.

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Microfluidics Market Segmentation:

by Product Type

Microfluidic Chip
Instruments
Cartridges & Reagents
Others

Over the course of the forecast period, the microfluidic chips sector is anticipated to lead the microfluidics market. 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

In 2023, the lab-on-a-chip category held the biggest revenue share of 39.5% and dominated the market. 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

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

Together, the life science research and in-vitro diagnostics segments accounted for over 59% of the market in 2023, and this trend is anticipated to be 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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Regional Analysis:

Each regional Microfluidics  market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Microfluidics  market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Microfluidics  report.

Key Questions answered in the Microfluidics Market Report are:

• What was the Microfluidics market size in 2024?
• What are the global trends in the Microfluidics Market?
• What are the upcoming industry applications and trends for the Microfluidics Market?
• What are the factors contributing to the final price of Microfluidics ?
• What are the recent industry trends that can be implemented to generate additional revenue streams for Microfluidics Market?
• How is the intervention from regulatory authority shaping the Microfluidics Market?
• What growth strategies are the players considering to increase their presence in Microfluidics ?
• Who are the leading players in Microfluidics Market?
• What are the major challenges that the Microfluidics Market could face in the future?
• Which region held the largest Microfluidics market share?

Key Offerings:

• A detailed Analysis of the Market Overview
• Market Share, Size & Forecast by Revenue | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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