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Microfluidic Devices Market Size, Share, Growth, Industry Updates and Forecast 2031
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Microfluidic instruments manipulate the chemical and physical properties of gases and liquids at the microscopic scale. It offers various advantages over conventionally shaped systems. It permits the examination and usage of fewer volumes of chemicals, samples, and reagents, reducing the international costs of applications. They are commonly used in processes like isoelectric focusing, capillary electrophoresis, flow cytometry, immunoassays, sample injection in mass spectrometry, DNA analysis, PCR amplification, cell patterning, and separation and manipulation of cells.
Factors Influencing Market Growth
The rise in the majority of chronic and contagious diseases propels the overall market growth.
The rising geriatric population boosts the expansion of the overall market.
The rising interest of producers and developers in the manufacturing of microfluidic devices propels the expansion of the overall market.
The rise in research and development activity for improvements in microfluidic gadgets, new product launches, and product authorization propels the overall market growth.
Effect of the COVID-19 Pandemic
The COVID-19 pandemic has positive impact on the infectious disease diagnostic market as microfluidics machines are a research tool, which was used for the diagnosis of communicable diseases. Thus, this factor drives the overall market growth during the pandemic.
Regional Insights
North America recorded a significant share in the overall market growth in 2021 and is anticipated to lead the overall market during 2022-2030, due to the growth in product launches, well-settled healthcare infrastructure, and the existence of essential players.
Asia-Pacific is anticipated to record substantial growth, due to an increase in healthcare costs, growth in healthcare infrastructure, and an increased population base.
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Leading Competitors
The prominent players in the global microfluidic device market are:
Nortis Inc
Nanostring
Agilent Technologies
Idex Corporation
Fortive Corporation
Danaher Corporation
Abbott Laboratories
Dolomite Microfluidics
Fluidigm Corporation
Lonza Group
Others
Segmentation Analysis
The global microfluidic device market segmentation focuses on Product, Application, End User, and Region.
Segmentation on the basis of Product
Microfluidic-based Devices
Microfluidic Components
o Microfluidic Chips
o Flow & Pressure Sensors
o Flow & Pressure Controllers
o Microfluidic Valves
o Micropumps
o Microneedles
o Other Components
Segmentation on the basis of Application
In-vitro Diagnostics
o Clinical Diagnostics
o Point-of-care Testing
o Veterinary Diagnostics
Pharmaceutical & Life Science Research and Manufacturing
o Lab Analytics
o Microdispensing
o Micro reaction
Therapeutics
o Drug Delivery
o Wearable Devices
Segmentation on the basis of End User
Pharmaceutical & Biotechnology Companies
Hospitals & Diagnostic Centers
Academic & Research Institutes
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?
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