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Microfluidic Devices Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Microfluidic Devices Market
What Is the Projected Growth of the Microfluidic Devices Market?
The microfluidic devices market size will grow from $8.77 billion in 2024 to $10.14 billion in 2025, at a CAGR of 15.7%. This growth is driven by increased demand for point-of-care testing devices, a focus on cost reduction, rising usage of 3D printing, growing healthcare applications, and government funding for genomics and proteomics research.
The microfluidic devices market is expected to grow rapidly, reaching $17.94 billion by 2029, at a compound annual growth rate (CAGR) of 15.3%. This growth is driven by the increasing demand for microfluidic devices across various industries, rising prevalence of infectious diseases, an aging population, higher R&D activity for advancements, and the growing use
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What Are the Different Microfluidic Devices Market Segments?
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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What Are the Primary Drivers Shaping the Microfluidic Devices Market?
The increasing prevalence of infectious diseases is expected to fuel the growth of the microfluidic devices market. Microfluidic devices offer high precision in handling biological samples and are crucial in diagnosing and managing infectious diseases. For instance, the UNAIDS report highlighted the global impact of HIV/AIDS, with 39 million people living with the condition in 2022. The rising incidence of infectious diseases is driving demand for microfluidic devices.
Which Companies Are Leading in the Microfluidic Devices Market?
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
What Are the Latest Developing Trends in the Microfluidic Devices Market?
In the microfluidic devices market, companies are innovating with microfluidic chip-based platforms to streamline laboratory processes, increase precision, and expand application ranges. For example, in January 2023, SCIEX, a US-based manufacturer, launched the Intabio ZT system, an integrated microfluidic chip-based platform. It combines capillary isoelectric focusing separation and UV detection to enhance biopharmaceutical analysis and data processing, providing deeper insights into complex metabolic profiles.
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What Are the Top Revenue-Generating Geographies 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Microfluidic Devices Market?
2. What is the CAGR expected in the Microfluidic Devices Market?
3. What Are the Key Innovations Transforming the Microfluidic Devices Industry?
4. Which Region Is Leading the Microfluidic Devices Market?
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