Microfluidics Market Analysis 2023-2032: Market Share, Trends, Revenue And Forecast | Thermo Fisher Scientific, Agilent Technologies, Illumina Inc, Bio-Rad Laboratories, Fluidigm Corporation

As per The Business Research Company's Microfluidics Opportunities And Strategies Market Report 2023, The global microfluidics market size reached a value of nearly $6,068.5 million in 2021, having increased at a compound annual growth rate (CAGR) of 14.5% since 2016. The market is expected to grow from $6,068.5 million in 2021 to $10,795.0 million in 2026 at a rate of 12.2%. The global microfluidics market size is then expected to grow at a CAGR of 14.6% from 2026 and reach $21,347.2 million in 2031.  

The rising demand for point-of-care testing in the healthcare industry are expected to drive the microfluidics market going forward. Integrating microfluidics in Point-of-care-testing allows fluid manipulation and detection in a single device with minimal sample requirements.  For example, in November 2021, according to U.S. Department of Health and Human Services (HHS), invested $650 million from the American Rescue Plan to strengthen manufacturing capacity for quick, high-quality diagnostic testing through rapid point-of-care molecular tests and increase Americans' access to them. As at-home testing increases, the need for follow-up testing in healthcare settings will likely grow.  Therefore, the rising demand for point-of-care testing in the healthcare industry is expected to drive the growth of the microfluidics market during the forecast period.

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Companies in the market are increasingly using white blood cell isolation technology, White cells are removed primarily by filtration or apheresis processing. Leukocyte-reduction filters remove 3 to 5 logs (99.9% to 99.999%) of WBCs from whole blood-derived RBCs (Red Blood Cell) and platelet components. For instance, in November 2019, Micro Medicine Inc, a US based life science technology firm that specializes in transformational applications in diagnostics, research and therapeutics, launched its patented one-of-a-kind white blood cell isolation technology, the Sorterra Cell Isolation System. This new automated technology gently and reliably isolates white blood cells from human peripheral blood using microfluidic channels without the use of centrifugation or labeling. This results in more effective and efficient isolation while preserving sample integrity. It typically yields 30% more lymphocytes compared to density gradient methods, >99.9% red blood cell and platelet removal, and a >98% viability of white blood cells. It is intended for use in research and development and clinical research labs.

The top opportunities in the microfluidics market segmented by material will arise in the polymer-based microfluidics, segment, which will gain $2,726.1 million of global annual sales by 2026. The top opportunities in segment by applications will arise in the analysis segment, which will gain $1,718.6 million of global annual sales by 2026. The microfluidics market size will gain the most in the USA at $1,707.1 million.  

Microfluidics Market Segmentation:

The Microfluidics market is segmented by material and by application.

By Material-
The microfluidics market is segmented by material into
a) Silicon-Based Microfluidics
b) Glass-Based Microfluidics
c) Polymer-Based Microfluidics

By Application-
The microfluidics market is segmented by application into
a) Industrial and Environmental
b) Drug Delivery
c) Pharmaceutical and Life Science Research

Major players in the Microfluidics market include Thermo Fisher Scientific, Agilent Technologies, Illumina Inc, Bio-Rad Laboratories, Fluidigm Corporation.

The regions covered in the global Microfluidics market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Microfluidics Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Microfluidics Market Report Table Of Content

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers and Acquisitions In The Market
21. Opportunities And Strategies
22. Microfluidics Market, Conclusions And Recommendations
23. Appendix

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