Microfluidic Devices Market Poised for 15.3 % Growth, Set to Hit $12.63 Billion by 2029

"How Is the Microfluidic Devices Market Projected to Grow, and What Is Its Market Size?
The scale of the microfluidic devices market has expanded dramatically in the recent past. The market value has seen an increase from $8.77 billion in 2024 to an expected $10.14 billion in 2025, accumulating an impressive compound annual growth rate (CAGR) of 15.7%. This notable growth in the previous time frame can be traced back to various factors such as a surge in demand for point-of-care testing devices, an amplified focus on reducing costs, the escalating use of 3D printing technology, the upswing in demand in the healthcare sector, and governmental financial backing for genomics and proteomics research.

The market size for microfluidic devices is projected to experience a significant growth in the approaching years. The market is set to expand to $17.94 billion by 2029, with a compound annual growth rate (CAGR) of 15.3%. This surge during the forecast period is largely due to the rising demand for these devices in various sectors, the increasing instances of infectious diseases, a growing elderly population, heightened research and development activities for progress, and an expanded use of microfluidics in the area of cutting-edge drug delivery systems. The forecast period will also see notable trends such as the emergence of new materials and methodologies, the fusion of microfluidic devices with artificial intelligence, progress in the field of biotechnology, the merging of microfluidics and smart technologies, and the invention of cost-efficient devices.

What Are the Key Drivers Behind the Growth of the Microfluidic Devices Market?
The upward trend of infectious diseases is anticipated to drive the microfluidic devices market's development. Such diseases are brought about by harmful microorganisms like bacteria, viruses, fungi, or parasites. Pathogen traits, ecological aspects, human behavior, and healthcare services all contribute to the prevalence of infectious diseases. Microfluidic devices, due to their capacity for handling and processing minute amounts of biological samples with great precision and efficiency, serve as a crucial weapon against infectious diseases. This improves the proficiency and accuracy of the detection, diagnosis, and management of infectious diseases, resulting in superior health results and disease control. For example, in May 2024, the Joint United Nations Programme on HIV/AIDS (UNAIDS), a US-based advocate for a rapid global response to the HIV or AIDS pandemic, reported that almost 39 million people globally were living with HIV or AIDS in 2022, with approximately 1.3 million new HIV cases recorded that same year. Therefore, the escalation of infectious diseases contributes to the growth of the microfluidic devices market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19589&type=smp

Who Are the Major Industry Players Fueling Microfluidic Devices Market Expansion?
Major companies operating in the microfluidic devices market are Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., Teledyne Technologies Incorporated, Illumina Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., Zeon Corporation, Standard BioTools Inc., Biosurfit SA, Blacktrace Holdings Ltd., LioniX International B.V., CMC Microsystems Inc., Micronit Microfluidics B.V., Sphere Fluidics Limited, Microfluidic ChipShop GmbH, BlackHole Lab Inc., Bartels-Mikrotechnik GmbH, Hesperos Inc., Fluigent SA

Which Key Developments Are Influencing the Microfluidic Devices Market?
Leading corporations in the microfluidic devices market are concentrating on the creation of innovative platforms like microfluidic chip-based platforms. These platforms are designed to simplify intricate lab operations, improve the accuracy and productivity of investigations, and facilitate various applications. A microfluidic chip platform is a downsized apparatus that consolidates numerous lab functions into a single chip for exact control and analysis of small fluid amounts. For example, SCIEX, a mass spectrometry instrumentation producer based in the United States, launched the Intabio ZT system in January 2023. This system represents the first fully integrated microfluidic chip-based platform. It merges imaged capillary isoelectric focusing (icIEF) partitioning with UV detection. The system makes use of the Biologics Explorer software to bolster data processing features, providing a more profound comprehension of the biopharmaceuticals under investigation.

How Is the Segmentation of the Microfluidic Devices Market Defined?
The microfluidic devicesmarket covered in this report is segmented -

1) By Device Type: Chips, Sensors, Other Device Types
2) By Material: Glass, Silicon, Polymer, Other Materials
3) By End-User: Pharmaceutical And Biotechnology Companies, Research Institutes, Diagnostic Centers, Healthcare Facilities, Other End-Users

Subsegments:
1) By Chips: Lab-on-a-Chip (LoC) Devices, Digital Microfluidic Chips, Microfluidic Flow Control Chips, Integrated Microfluidic Platforms, Diagnostic Microfluidic Chips
2) By Sensors: Pressure Sensors, Flow Sensors, Temperature Sensors, Chemical Sensors, Optical Sensors
3) By Other Device Types: Microfluidic Pumps, Valves and Actuators, Microarray Devices, Microfluidic Analytical Devices, Microfluidic Bioreactors.

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/microfluidic-devices-global-market-report

What Is the Leading Region in the Microfluidic Devices Market?
North America was the largest region in the microfluidic devicess market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the microfluidic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Microfluidic Devices Global Market Report?

- Market Size Analysis: Analyze the Microfluidic Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Microfluidic Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Microfluidic Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Microfluidic Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19589"

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.