Microfluidics Market Application, Product, End User, and Top Companies Parker Hannifin Corporation (US), SMC Corporation (Japan), IDEX Corporation (US), Fluigent SA (France)

The Microfluidics Market report is extremely valuable for mapping the strategies related to production, product launches, costing, inventory, purchasing, and marketing. This analysis provides an examination of various market segments that are relied upon to observe the fastest development amid the estimated forecast frame. All the data and information is very helpful to stay ahead of the competition when implemented in a correct manner. With the Microfluidics Market report, it can also be analyzed that how the actions of key players are affecting the sales, import, export, revenue, and CAGR values. Market research offers actionable market insights which help create sustainable and money-spinning business strategies.

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An absolute way to forecast what the future holds is to comprehend the trend today. And, with this Microfluidics Market research report business can focus on the more important aspects of the Medical Devices industry. While preparing a market research report, customer satisfaction is kept on the utmost priority which makes clients rely confidently on it. Various trustworthy sources such as journals, websites, and annual reports of the companies, white papers, and mergers are used for assembling data and information mentioned in this global marketing report. Every business has the most important goal of achieving maximum return on investment (ROI) and this Microfluidics Market report helps to achieve the same.

The global microfluidics market is projected to reach USD 58.8 billion by 2026 from USD 20.7 billion in 2021, growing at a CAGR of 23.2% during the forecast period.

Key players in the Microfluidics market

The key players in the microfluidics market include Parker Hannifin Corporation (US), SMC Corporation (Japan), IDEX Corporation (US), Fluigent SA (France), Aignep S.P.A. (Italy), Camozzi Automation SPA Societá Unipersonale (Italy), Dolomite microfluidics (UK), Elveflow (France), Cellix Limited (Ireland), Fortive Corporation (US), Danaher Corporation (US), Thermo Fisher Scientific Inc. (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Bio-Rad Laboratories, Inc. (US), Becton, Dickinson and Company (US), Illumina Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Fluidigm Corporation (US) and Abbott Laboratories (US).

Microfluidic technologies offer quick analysis, reduced reagent consumption, and accurate test results and help in reducing the overall cost of the drug development process. In addition to these factors, the demand for microfluidics technology is increasing owing to the growing demand and adoption of PoC diagnostic devices, such as glucose monitoring and pregnancy test kits.

Based on product, the microfluidic-based devices segment holds the highest rate during the forecast period.

Based on product, the microfluidics market is broadly classified into microfluidic-based devices and microfluidic components. In 2020, the microfluidic-based devices segment accounted for the highest rate of the microfluidics market by product. The highest rate of this segment can majorly be attributed to the increasing adoption of technologically advanced microfluidic-based devices in pharmaceutical & life science research, increasing need for miniaturization of laboratory equipment, growing demand for microfluidic-based PoC testing, and the increasing use of microfluidic technology for drug discovery.

Based on type of product, the microfluidic chips segment holds the highest rate during the forecast period.

The microfluidic components market, by type, is segmented into microfluidic chips, flow and pressure sensors, flow and pressure controllers, micropumps, microfluidic valves, microneedles, and other microfluidic components. The microfluidic chips segment accounted for the highest rate of the microfluidic components market in 2020. The increasing demand for PoC testing, growing preference for personalized medicine, an increasing number of drug discovery and life science research activities, growing need for high-speed diagnostics, and increasing government funding are factors responsible for the growth of this segment in the microfluidic market.

Based on application, the in vitro diagnostics segment holds the highest share during the forecast period.

In this report, the microfluidics market is broadly classified into three major application segments—in vitro diagnostics, pharmaceutical & life science research and manufacturing, and therapeutics. The in vitro diagnostics segment accounted for the largest share of 60.0% of the microfluidics market in 2020. The large share of this segment is mainly attributed to the rising incidence of target diseases and the growing demand for PoC testing. The advantages of microfluidic devices over traditional devices (such as portability, compact size, increased frequency of testing, and accurate & quick analysis) have also driven the adoption of these devices in IVD applications.

Based on in vitro diagnostics applications, the clinical diagnostic segment holds the highest share during the forecast period.

The in vitro diagnostics applications segment has been segmented into point-of-care testing, clinical diagnostics, and veterinary diagnostics. The clinical diagnostic testing segment accounted for the largest share of the IVD application segment in 2020, owing to the prevalence of infectious and lifestyle diseases, increased clinical testing due to the COVID-19 pandemic, and the introduction of technologically advanced products.

APAC is expected to grow at the highest rate in 2020

APAC is expected to grow at the highest rate of 25.5% in the forecast year. The rising geriatric population, growing per capita income, increasing investments in the healthcare industry by key market players, rising demand for advanced technologies, and expansion of private-sector hospitals to rural areas in various countries in the Asia Pacific are the major factors driving the growth of the microfluidics market in this region.

Break of primary participants was as mentioned below:

By Company Type – Tier 1–60%, Tier 2–30%, and Tier 3–10%
By Designation – C-level–30%, Director-level–50%, Others–20%
By Region – North America–45%, Europe–15%, Asia Pacific–25%, Latin America- 10%, Middle East and Africa–5%

Research Coverage:

The report analyzes the microfluidics market and aims at estimating the market size and future growth potential of this market based on various segments such as product type, application, end user and region. The report also includes a product portfolio matrix of various microfluidic products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on product portfolios offered by the top players in the global microfluidics market. The report analyzes this market by product type, application, end user and region

Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global microfluidics market

Market Development: Comprehensive information on the lucrative emerging markets by product type, application, end user and region

Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global microfluidics market

Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global microfluidics market.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions Of The Study
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 2 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
Figure 4 Breakdown Of Primary Interviews: Supply-Side And Demand-Side Participants
2.2 Market Size Estimation
Figure 5 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis Illustration: Abbott Laboratories
Figure 7 Revenue Analysis Of The Top Four Companies: Microfluidics-Based Devices Market (2020)
Figure 8 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Microfluidics Market (2021–2026)
Figure 9 Cagr Projections: Supply-Side Analysis
Figure 10 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 11 Market Data Triangulation Methodology
2.4 Market Share Analysis
2.5 Assumptions For The Study
2.6 Risk Assessment
Table 1 Risk Assessment: Microfluidics Market
2.7 Limitations
2.7.1 Methodology-Related Limitations
2.7.2 Scope-Related Limitations

3 Executive Summary
Figure 12 Microfluidics Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 13 Microfluidic Components Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 14 Microfluidics Market, By Application, 2021 Vs. 2026 (Usd Million)
Figure 15 Microfluidics Market For In Vitro Diagnostics, By Type, 2021 Vs. 2026 (Usd Million)
Figure 16 Microfluidics Market, By End User, 2021 Vs. 2026 (Usd Million)
Figure 17 Geographic Analysis: Global Microfluidics Market

4 Premium Insights
4.1 Growth Potential Of The Microfluidics Market
Figure 18 Rising Demand For Point-Of-Care Testing Is A Key Factor Driving The Global Microfluidics Market
4.2 Asia Pacific: Microfluidics Market, By Application
Figure 19 China Accounted For The Largest Share Of The Asia Pacific Microfluidics Market In 2020
4.3 Microfluidics Market: Geographic Growth Opportunities
Figure 20 China To Register The Highest Growth Rate In The Microfluidics Market During The Forecast Period
4.4 Microfluidics Market, By Region
Figure 21 North America To Dominate The Global Microfluidics Market During The Forecast Period
4.5 Microfluidics Market: Developed Vs. Developing Markets
Figure 22 High Growth Opportunities In Both Developing And Developed Markets During The Forecast Period

5 Market Overview
5.1 Market Dynamics
Figure 23 Microfluidics Market: Drivers, Restraints, Opportunities, And Challenges
5.1.1 Market Drivers
5.1.1.1 Rising Demand For Point-Of-Care Testing
Figure 24 Global Cancer Incidence, 2015–2040
5.1.1.2 Rising Technological Advancements
Table 2 Some New Products Launched By Major Players In The Last Three Years Have Been Mentioned Below:
5.1.1.3 Increasing Focus On Data Precision And Accuracy
5.1.1.4 Highly Economical
5.1.1.5 Rapid Testing And Improved Portability Through Microfluidic Chip Miniaturization
Table 3 Market Drivers: Impact Analysis
5.1.2 Market Restraints
5.1.2.1 Complex And Time-Consuming Regulatory Approval Process
5.1.2.2 Incorporation Of Microfluidics Into Existing Workflows
Table 4 Market Restraints: Impact Analysis
5.1.3 Market Opportunities
5.1.3.1 Emergence Of Microfluidic-Based 3d Cell Culture Systems
5.1.3.2 Asia─ A Key Growth Market
5.1.3.3 Expanding Applications Of Drug Delivery Technologies Using Microfluidics
5.1.3.4 Growing Applications Of Microfluidics In The Life Sciences & Pharmaceutical Industries
Table 5 Market Opportunities: Impact Analysis
5.1.4 Market Challenges
5.1.4.1 Standardization/Commercialization Of Microfluidic Devices
Table 6 Market Challenges: Impact Analysis
5.2 Industry Trends
5.2.1 Shifting Trend Towards E-Health Diagnostics With The Integration Of Microfluidics-Based Poc Devices, Epidermal Electronics, And Iot
5.2.2 Adoption Of 3d Printing In Microfluidics
5.2.3 Shifting Trend Towards The Adoption Of Polymers
5.2.4 Universities Actively Investing In Microfluidic Start-Ups
Table 7 List Of University Startups In The Microfluidics Market
5.3 Value Chain Analysis
Figure 25 Microfluidics Market: Value Chain Analysis
5.3.1 Microfluidic Components Procurement Model Of Major Players
5.4 Supply Chain Analysis
Figure 26 Microfluidics Market: Supply Chain Analysis
5.5 Ecosystem Market Map
Figure 27 Microfluidics Market: Ecosystem Market Map
5.6 Porter’s Five Forces Analysis
5.6.1 Threat From New Entrants
5.6.2 Threat From Substitutes
5.6.3 Bargaining Power Of Suppliers
5.6.4 Bargaining Power Of Buyers
5.6.5 Intensity Of Competitive Rivalry
5.7 Regulatory Analysis
5.7.1 North America
5.7.1.1 Us
Table 8 Us: Classification Of Microfluidics Technology Associated Diagnostic Devices
Figure 28 Us: Regulatory Process For Testing Devices Associated With Microfluidics Technology
5.7.1.2 Canada
Table 9 Canada: Time, Cost, And Complexity Of Registration
Figure 29 Canada: Regulatory Process For Microfluidics Associated Ivd Devices In Canada
5.7.2 Europe
Table 10 Europe: Classification Of Microfluidics Associated With Ivd Devices
Figure 30 Europe: Regulatory Process For Ivd Devices
5.7.3 Asia Pacific
5.7.3.1 Japan
Table 11 Japan: Time, Cost, And Complexity Of Registration
5.7.3.2 China
Table 12 China: Time, Cost, And Complexity Of Registration
5.7.3.3 India
Figure 31 India: Regulatory Process For Ivd Devices
5.8 Impact Of Covid-19 On The Microfluidic Market
Figure 32 Thermo Fisher Scientific Inc.: Covid-19 Impact On Segmental Analysis
Figure 33 Roche Diagnostics.: Covid-19 Impact On Segmental Analysis
Figure 34 Bio-Rad Laboratories, Inc.: Covid-19 Impact On Segmental Analysis
Figure 35 Abbott Laboratories: Covid-19 Impact On Segmental Analysis
5.9 Patent Analysis
5.9.1 Patent Publication Trends For Microfluidics
Figure 36 Patent Publication Trends (2011–September 2021)
5.9.2 Insights: Jurisdiction And Top Applicant Analysis
Figure 37 Top Applicants And Owners (Companies/Institutions) For Microfluidics Patents (January 2011–September 2021)
Figure 38 Top Applicant Countries/Regions For Microfluidics Patents (January 2011–September 2021)
5.1 Technology Analysis
5.10.1 Key Technologies
5.10.1.1 Biorecognition Elements
5.10.1.2 Material Science
5.10.1.3 Microfabrication
5.10.1.4 Direct-Write
5.10.2 Complementary Technologies
5.10.2.1 Mems
5.10.2.1.1 Micropumps
5.10.2.1.2 Microneedles
5.10.2.1.3 Microsensors/Transducers
5.10.3 Adjacent Technologies
5.10.3.1 3d Printing
5.10.3.2 Lab-On-Fiber

6 Microfluidics Market, By Product
6.1 Introduction
Table 13 Microfluidics Market, By Product, 2019–2026 (Usd Million)
6.2 Microfluidic-Based Devices
6.2.1 Increasing Adoption Of Microfluidic Devices Owing To The Various Advantages Offered By Microfluidic Technology To Drive The Market Growth
Table 14 Microfluidic-Based Devices Market, By Country, 2019–2026 (Usd Million)
6.3 Microfluidic Components
Table 15 Microfluidic Components Market, By Type, 2019–2026 (Usd Million)
Table 16 Microfluidic Components Market, By Country, 2019–2026 (Usd Million)
6.3.1 Microfluidic Chips
6.3.1.1 Microfluidic Chips Reduce The Analysis Time By Increasing Automation
Table 17 Microfluidic Chips Available In The Market
Table 18 Microfluidic Chips Market, By Country, 2019–2026 (Usd Million)
6.3.2 Flow And Pressure Sensors
6.3.2.1 These Devices Offer Advantages In Cytometry And Poct, Due To Which They Are Increasingly Used In Laboratories And Research Institutes
Table 19 Flow And Pressure Sensors Available In The Market
Table 20 Flow And Pressure Sensors Market, By Country, 2019–2026 (Usd Million)
6.3.3 Flow And Pressure Controllers
6.3.3.1 Pressure Controllers Are Suitable As References For Laboratories Owing To Their High Accuracy And Control Stability
Table 21 Flow And Pressure Controllers Available In The Market
Table 22 Flow And Pressure Controllers Market, By Country, 2019–2026 (Usd Million)
6.3.4 Micropumps
6.3.4.1 The Need For Precision In Fluid Control And Device Miniaturization Supports The Market Growth For Micropumps
Table 23 Micropumps Available In The Market
Table 24 Micropumps Market, By Country, 2019–2026 (Usd Million)
6.3.5 Microfluidic Valves
6.3.5.1 Valves Are A Vital Component In Microfluidic Devices—A Key Factor Driving The Market Growth
Table 25 Microfluidic Valves Available In The Market
Table 26 Microfluidic Valves Market, By Country, 2019–2026 (Usd Million)
6.3.6 Microneedles
6.3.6.1 The Small Size Of Microneedles Leaves Dermal Nerves And Blood Vessels Unaffected, Thus Ensuring A Painless Procedure
Table 27 Microneedles Available In The Market
Table 28 Microneedles Market, By Country, 2019–2026 (Usd Million)
6.3.7 Other Components
Table 29 Other Microfluidic Components Market, By Country, 2019–2026 (Usd Million)

7 Microfluidics Market, By Application

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