Microfluidics Market Poised to Hit USD 21,931 Million by 2030 with 10.8% CAGR

Posted on 2024-04-04 by MarketDigits in Healthcare // 0 Comments

Richmond, United States, 2024-Apr-04 — /EPR Network/ —

In 2022, the Microfluidics Market was valued at USD 6,351.9 million. It is anticipated to reach USD 21,931 million by 2030, with a projected growth rate of 10.8% during the forecast period from 2023 to 2030.

The microfluidics market stands at the forefront of technological innovation, offering precise and efficient solutions for fluid handling and manipulation on a minuscule scale. In this blog, we embark on a journey to explore the dynamic landscape of the microfluidics market, uncovering its key drivers, applications, and growth prospects across various industries.

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Major Players In Microfluidics Market Include:

Thermo Fisher Scientific Inc
Hoffmann-La Roche Ltd
Abbott Laboratories
Bio-Rad Laboratories
Qiagen NV
Agilent Technologies
PerkinElmer Inc
Fluidigm Corporation
SCHOTT
Hologic
Others

Market Trends and Drivers:

Healthcare Revolution: The integration of microfluidics in healthcare has revolutionized diagnostics, enabling rapid and accurate testing at the point of care. With the rising demand for personalized medicine and portable diagnostic devices, the healthcare sector remains a key driver of growth in the microfluidics market.
Advancements in Life Sciences: Microfluidic platforms have emerged as indispensable tools in life sciences research, facilitating high-throughput screening, single-cell analysis, and organ-on-a-chip models. As researchers seek to unravel the complexities of biological systems, the demand for innovative microfluidic solutions continues to soar.
Miniaturization in Analytical Chemistry: In analytical chemistry, microfluidic devices offer miniaturized and highly efficient solutions for chemical analysis, chromatography, and sample preparation. The ability to perform complex analyses with minimal sample volumes and reagents drives adoption in laboratories and industrial settings.
Industrial Applications: Beyond healthcare and life sciences, microfluidics find applications in diverse industrial sectors, including food and beverage, environmental monitoring, and electronics manufacturing. From process optimization to quality control, microfluidic technologies empower industries to enhance efficiency and productivity.

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Major Segmentations Are Distributed as follows:

By Material:
- Polymer
  - Polyvinyl Chloride (PVC)
  - Non-polyvinyl Chloride
- Glass
- Silicon
- Metal
- Ceramics
By Application:
- Point of care testing
- Clinical Diagnostics
- Drug Delivery
- Analytical Testing
- Genomics
- Proteomics
- Cell-based Analysis
- Others
By Industry:
- Pharmaceuticals
- In-vitro Diagnostics
- Environmental Research
- Life Science Research
- Clinical Diagnostics
By Region
- North America
  - US
  - Canada
- Latin America
  - Brazil
  - Mexico
  - Argentina
  - Colombia
  - Chile
  - Peru
  - Rest of Latin America
- Europe
  - UK
  - Germany
  - France
  - Italy
  - Spain
  - BENELUX
  - CIS & Russia
  - Nordics
  - Austria
  - Poland
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
  - Thailand
  - Indonesia
  - Malaysia
  - Vietnam
  - Australia & New Zealand
  - Rest of Asia Pacific
- Middle East & Africa
  - UAE
  - Saudi Arabia
  - South Africa
  - Nigeria
  - Egypt
  - Israel
  - Turkey
  - Rest of Middle East & Africa

Recent Developments

In February 2021, The acquisition of Mesa Biotech, Inc. by Thermo Fisher is anticipated to contribute an estimated $200 million to Thermo Fisher’s revenue.
In July 2021, Abbott introduced the Panbio COVID-19 Antigen Self-Test in India, designed for the identification of the SARS-CoV-2 virus in both adults and children, regardless of whether they exhibit symptoms or not.

Key Market Players:

Dolomite Microfluidics
Fluigent SA
microLIQUID
Micronit Microtechnologies B.V.
Elveflow
Fluidigm Corporation

Applications Across Industries: The versatility of microfluidics transcends various industries, encompassing:

Healthcare: Point-of-care diagnostics, lab-on-a-chip devices, drug delivery systems.
Life Sciences: Single-cell analysis, DNA sequencing, cell culture systems.
Analytical Chemistry: Chemical synthesis, chromatography, mass spectrometry.
Industrial Applications: Food processing, environmental monitoring, microelectronics fabrication.

Future Outlook: The microfluidics market is poised for exponential growth, driven by ongoing technological advancements, expanding applications, and increasing demand for precise and efficient fluid handling solutions. As the adoption of microfluidic technology continues to accelerate across industries, the market is expected to witness robust growth and innovation in the coming years.

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Conclusion: Microfluidics represents a paradigm shift in fluid handling and manipulation, offering unprecedented levels of precision, efficiency, and versatility. With its transformative impact on healthcare, life sciences, analytical chemistry, and industrial processes, microfluidic technology holds immense promise for driving innovation and addressing complex challenges in diverse sectors. As the market evolves, collaboration between industry stakeholders, researchers, and innovators will be instrumental in unlocking the full potential of microfluidics and shaping the future of fluid-based technologies

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