Microfluidics Market by Application (IVD (POC, Clinical, Veterinary) | Global Forecast to 2026

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. 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.

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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).

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.

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.

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
and more..

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