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Steady Expansion Forecast for Microfluidics Market, Projected to Reach $18.06 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Microfluidics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The dimension of the microfluidics market has expanded rapidly in the past few years. Predictions indicate a growth from $9.16 billion in 2024 to $10.33 billion in 2025, representing a compound annual growth rate (CAGR) of 12.8%. The significant expansion during the historical period can be credited to robust economic development in emerging markets, a surge in chronic disease cases, a growth in new infections and mortality due to COVID-19 and an escalation in health care spending.
Microfluidics Market Size Forecast: What's the Projected Valuation by 2029?
There is a predicted substantial expansion in the microfluidics market size over the coming years, expected to reach $18.06 billion by 2029 with a 15.0% compound annual growth rate (CAGR). This anticipated growth during the forecast period is as a result of the growing demand for point-of-care tests in the healthcare field, increasing requirement for microfluidics, and a rise in clinical studies focused on cell-based treatments. Major tendencies for the forecast period feature the application of white blood cell separation technology, inventive product developments, the implementation of a digital microfluidics platform, the incorporation of 3D printing in microfluidics, technological progress, the use of in-vitro diagnostic tests, and strategic alliances and partnerships.
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What Are the Drivers Transforming the Microfluidics Market?
The increase in the need for improved and sophisticated point-of-care testing within the healthcare sector is fueling the microfluidics market. Point-of-care testing (POCT) permits physicians to swiftly discern and diagnose diseases at or in proximity to the patient's location, which is quicker than conventional laboratory testing. Microfluidics-based POC devices are portable, cost-effective, and boast high speed and accuracy. Across the world, nations are progressively investing in POC testing capabilities to offer seamless testing services to their citizens, anticipated to stimulate demand for revolutionary microfluidics used in POC testing devices. For example, data from the Eurostat, the European statistical office of the European Union, in November 2023 stated that in 2022, about 36.1% of the EU population aged 16 years or above reported suffering from a long-standing health issue or illness. Hence, the growing need for point-of-care testing is projected to drive the demand for microfluidics in the forecast period.
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What Long-Term Trends Will Define the Future of the Microfluidics Market?
The microfluidics market is experiencing fast-paced expansion due to product innovations. Firms in the microfluidics field are creating ground-breaking products to cater to the escalating industry needs and consolidate their market dominance. For example, Miroculus Inc., a company in California that focuses on individual lab automation solutions, introduced Micro Canvas in March 2022. This is a digital microfluidics platform made to mechanize complex next-generation sequencing platforms.
Which Segments in the Microfluidics Market Offer the Most Profit Potential?
The microfluidics market covered in this report is segmented -
1) By Material: Silicon-Based Microfluidics, Glass-Based Microfluidics, Polymer-Based Microfluidics
2) By Application: Industrial And Environmental, Drug Delivery, Pharmaceutical And Life Science Research, Analysis, Clinical And Veterinary Diagnostics
Subsegments:
1) By Silicon-Based Microfluidics: Bulk Micromachined Silicon, Silicon-on-Insulator (SOI), Nano-Structured Silicon
2) By Glass-Based Microfluidics: Borosilicate Glass, Fused Silica Glass, Soda-Lime Glass
3) By Polymer-Based Microfluidics: Polydimethylsiloxane (PDMS), Poly(methyl methacrylate) (PMMA), Polycarbonate (PC), Other Polymer Materials
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Which Firms Dominate the Microfluidics Market by Market Share and Revenue in 2025?
Major companies operating in the microfluidics market include Thermo Fisher Scientific, Agilent Technologies, Illumina Inc, Bio-Rad Laboratories, Fluidigm Corporation, Dolomite Microfluidics, PerkinElmer, Inc., Biosurfit SA, Sphere Fluidics Limited, Micronit Micro Technologies B.V., Parker Hannifin Corp., Fluigent, Camozzi, Gems Sensors, Inc., Aignep S.P.A., SMC Corporation, Cellix Ltd, Elveflow, Microliquid, S.L., Danaher Corporation, BD, Absolute Ozone, FlowJEM, uFluidix, QuantWave Technologies Inc., Shelron Enterprises, Harvard Bioscience, Inc., Abaxis, Inc., OPKO Health, Inc., IDEX Health & Science LLC, Stämm, The Advanced Microfluidics and Microdevices Laboratory, Chromatotec Group, Abbott, Safarmex PTY Ltd
Which Regions Offer the Highest Growth Potential in the Microfluidics Market?
North America was the largest region in the microfluidics market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the microfluidics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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