Microfluidics Market CAGR of 15.01% by 2030, Growth Opportunities, Driver, Restraints and Revenue Insights

An all inclusive Microfluidics Market report evaluates the rising trends along with major drivers, challenges and opportunities in the market. This market research report brings into focus strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. This market research report comprises of fundamental, secondary and advanced information related to the global status and trend, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2022 - 2029. Microfluidics Market research report acts as a useful source for both customary and emerging market player in the industry and provides in detail market insights.

According to GLOBOCAN 2020, there were 19,282,789 new cancer cases worldwide in 2020, with a projected increase to 28,887,940 cases by 2040. As a result, global cancer incidence and modern healthcare facilities have been major drivers of market growth. ​​Furthermore, market participants have broadened their diagnostic platforms to include POC on microfluidic devices. As a result of the expansion of the range of POC diagnostics, there will be a significant expansion in microfluidics, which may enable the development of new devices.

Data Bridge Market Research analyses that the microfluidics market which was USD 23.17 billion in 2022, is expected to reach USD 70.93 billion by 2030, at a CAGR of 15.01% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Visit full Study Report @ https://www.databridgemarketresearch.com/reports/global-microfluidics-market

Microfluidics is a technological method used to investigate the nature and characteristics of fluids. Its application entails the use of a set of tools for manipulating and controlling the chemical and biological processes of small volumes of fluids. It is also used in the production of microminiaturized devices with numerous tunnels and chambers through which fluids flow or are confined. In comparison to traditional fluid measuring devices, it requires fewer samples, the tools are smaller, and it provides excellent parameter control and data quality. As a result, it's commonly used for DNA analysis, cell separation and manipulation, and PCR amplification.

Global Microfluidics Market Dynamics

Drivers

Increased the demand for microfluidics tools

The global increase in COVID-19 cases has increased the demand for microfluidics tools. PCR is used in many approved tests, making it a preferred technique for COVID-19 diagnosis. To combat the increasing number of COVID-19 cases worldwide, several manufacturers have introduced products and increased production to meet the growing demand for IVD tests. When combined with microfluidics, the PCR technique can be accelerated, resulting in faster test results with high accuracy (from approximately 1 hour to less than 10 minutes). For instance, BeforCure, an Elvesys spin-off company, developed an ultra-fast PCR-on-chip system for virus detection. This product is based on Fastgen technology and takes advantage of microfluidics to provide test results in less than 30 minutes. Moreover, several studies are being conducted to evaluate the use of microfluidics in COVID-19 detection via PCR. These are the certain factors which help the market to grow.

Rise in demand of Point-of-care diagnostics (POC)

Point-of-care diagnostics (POC) is believed to be an important part of healthcare, particularly in disease diagnosis. Microfluidics technology is ideal for point-of-care diagnostics. This technology has the potential to provide rapid and affordable point-of-care diagnostic tools to aid in the COVID-19 pandemic. The demand for point-of-care molecular diagnostics is expected to increase in the future because point-of-care diagnostics enable the early detection of disease.

Some of the major players operating in the microfluidics market are:

Danaher (U.S.)
Thermo Fisher Scientific Inc. (U.S.)
PerkinElmer Inc. (U.S.)
Agilent Technologies Inc. (U.S.)
Bio-Rad Laboratories Inc. (U.S.)
BD (U.S.)
Illumina, Inc. (U.S.)
F. Hoffmann-La Roche (Switzerland)
Fluidigm Corporation (U.S.)
Dolomite Microfluidics (U.K.)
QIAGEN (Germany)
Abbott (U.S.)
BIOMÉRIEUX (France)
microfluidic ChipShop GmbH (Germany)
Elveflow (France)
Cellix Bio. (India)
Micronit B.V. (Netherlands)
PARKER HANNIFIN CORP (U.S.)
Fortive (U.S.)

Global Microfluidics Market Scope

The microfluidics market is segmented on the basis of product type, material, technology, application, sector and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Microfluidic-based devices
Microfluidic Components
Microfluidic chips
Flow and pressure sensors
Flow and pressure controllers
Microfluidic valves
Micropumps
Microneedles
Components

 Material

Polymer
Glass
Silicon
Metal
Ceramics
PDMS
Other

 Technology

Medical/Healthcare
Non-medical

 Application

In Vitro diagnostics
Clinical diagnostics
 Point-of-care testing
 Veterinary diagnostics
Point-of-Care Testing
Clinical Diagnostics
Pharmaceutical Research
Lab Analytics
Proteomics
Genomics
Cell-based assays
Capillary electrophoresis
Microdispensing
Microreaction
Drug Delivery
Laboratory Testing
Analytical Testing
High Throughput Screening

 Sector

Industrial
Healthcare
In-vitro Diagnostics
Environmental Research
Clinical Diagnostics

 End User

Hospitals and Diagnostic Centers
Academic and Research Institutes
Pharmaceutical and Biotechnology Companies

Fundamental Aim of Microfluidics Market Report

In the Microfluidics Market, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.

Factors influencing the Microfluidics Market Size and growth rate.
Major alterations to the Microfluidics Market in the near future.
Notable Market rivals around the world.
The Microfluidics Market's Future Scope and Product Outlook
Future-promising emerging markets.
The Market Presents Difficult Challenges and Threats.
Sales data and profiles of the world's leading Microfluidics Market players

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