Microfluidic Devices Market Set to Reach $17.94 Billion by 2029 with 15.3% Yearly Growth

What industry-specific factors are fueling the growth of the microfluidic devices market?
The surge in occurrences of infectious diseases is predicted to drive the expansion of the microfluidic devices industry. These diseases are induced by pathogenic organisms including bacteria, viruses, fungi, or parasites. Numerous factors like the traits of the pathogen, environmental conditions, human actions, and accessibility of healthcare services, contribute to the rise in infectious diseases. Microfluidic devices, due to their potential to handle and scrutinize minor quantities of biological specimens with a high degree of precision and efficiency, serve as a potent resource in combating these diseases. They significantly improve the detection, diagnosis, and management of infectious diseases, leading to enhanced health results and disease control. A case in point is the report by the Joint United Nations Programme on HIV/AIDS (UNAIDS), a US-based proponent of expedited global response to the HIV or AIDS epidemic, in May 2024. The report revealed that about 39 million individuals globally were battling HIV or AIDS in 2022, and roughly 1.3 million new HIV infections were registered that year. Consequently, the growing rate of infectious diseases fuels the development of the microfluidic devices market.

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What Is the projected market size and growth rate for the microfluidic devices market?
In the past few years, the microfluidic devices market has seen a significant increase in size. It is predicted to grow from $8.77 billion in 2024 to reach $10.14 billion in 2025, with a compound annual growth rate (CAGR) of 15.7%. This growth during the past periods is the result of an escalating demand for point-of-care testing devices, an enhanced emphasis on cost-cutting methods, an increasing utilization of 3D printing technology, growing demand within healthcare applications, and increased governmental funding towards genomics and proteomics research.

The microfluidic devices market is set to experience a rapid expansion in the coming years, with its value expected to reach $17.94 billion by 2029, growing at a compound annual growth rate of 15.3%. This substantial growth during the forecast period can be linked to several factors, such as the growing demand for microfluidic devices in various sectors, a rise in the occurrence of infectious diseases, an aging population, an uptick in research and development activities aiming for progressive advancements, and the rising use of microfluidics in innovative drug delivery systems. The forecast period will also witness significant trends including the introduction of novel materials and techniques, the incorporation of artificial intelligence with microfluidic devices, advances in biotechnology, the amalgamation of microfluidics with intelligent technologies, and the production of cost-competitive devices.

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What new trends are reshaping the microfluidic devices market and its opportunities?
Leading businesses in the microfluidic devices market are concentrating on the design of innovative frameworks like microfluidic chip-based platforms. This development aims to streamline and automate complex lab procedures, elevate the accuracy and efficiency of experiments and facilitate a broad range of applications. A chip-based microfluidic platform is a downsized device that integrates several laboratory functions into one chip for the precise control and analysis of small fluid volumes. In January 2023, SCIEX, a manufacturer of mass spectrometry instruments based in the US, unveiled the Intabio ZT system, the first fully-fledged microfluidic chip-based platform. The platform is the premier completely-integrated microfluidic chip-based platform that incorporates imaged capillary isoelectric focusing (icIEF) separation and UV detection. The system uses the Biologics Explorer software, which improves data processing abilities, thereby granting an in-depth comprehension of the biopharmaceuticals under examination.

What major market segments define the scope and growth of the microfluidic devices market?
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.

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Which region dominates 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.

Which key market leaders are driving the microfluidic devices industry growth?
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

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What Is Covered In The Microfluidic Devices Global Market Report?

•Market Size Forecast: Examine the microfluidic devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the microfluidic devices market for a structured understanding.
•Key Players Overview: Analyze major players in the microfluidic devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the microfluidic devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the microfluidic devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the microfluidic devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the microfluidic devices market.
•Competitive Landscape: Review strategic developments in the microfluidic devices market, including expansions, agreements, and new product launches.

Market Size

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