Dublin, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The "Microfluidic Components Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The global landscape for microfluidic components is experiencing a wave of innovation and growth, particularly in the healthcare sector and environmental monitoring applications. The new study reveals how the market, valued at USD 5.40 Billion in 2022, is poised for steady advancement, projecting a notable compound annual growth rate (CAGR) of 9.29% through the forecast period until 2028.
Rising Demand for Point-of-Care Diagnostics
Healthcare providers are increasingly turning to point-of-care diagnostics to deliver timely testing and treatment. Fueled by this demand, the market for microfluidic components, which are integral to these diagnostic solutions, has observed an upsurge. Innovations in miniature devices empower healthcare professionals to offer personalized care, with the flexibility to perform critical diagnostic procedures at or near the patient's location.
Technological Advancements Paving the Way
Technological breakthroughs, such as lab-on-a-chip devices and advanced sensor technologies, have become catalysts driving the growth of the microfluidic components market. These advancements streamline complex tests and bring forth portable, cost-effective solutions that enhance patient care and advance biomedical and biotechnological research.
Product Category Insights
Valves have emerged as a foremost component within the microfluidic industry due to their pivotal function in ensuring precise fluid flow control. This development is further bolstered by the trend towards laboratory automation, which has accentuated their importance across various fields, pushing the boundaries of diagnostic applications and drug discovery.
Industry Growth Projections
The healthcare segment, in particular, stands out as a fast-growing division within the microfluidic components market. As medical applications continue to leverage the advantages of microfluidics, this segment thrives on the incorporation of these components into an array of healthcare-related functions, underscoring their significance in modern medical practices.
Regional Market Dynamics
North America has taken the lead in the global microfluidic components sphere, backed by its solid foundation in technological progression and R&D infrastructure. With significant investments and broad collaboration across sectors, this region is at the vanguard in the adoption and advancement of microfluidic technologies.
Competitive Landscape
The marketplace features a dynamic and innovative environment, with major companies making substantial strides in the development and application of microfluidic components. These industry players are continuously exploring new avenues to refine and enhance these critical elements of modern technological ecosystems.
In summary, this report delineates the extensive growth and opportunities present in the microfluidic components market. Thorough analysis and insights pave the way for stakeholders to understand the prevailing trends and the potential trajectory of this vibrant market space.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 172 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $5.4 Billion |
| Forecasted Market Value (USD) by 2028 | $9.1 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
Report Scope:
In this report, the Global Microfluidic Components Market has been segmented into the following categories:
Microfluidic Components Market, By Product:
- Flow and Pressure Controllers
- Flow and Pressure Sensors
- Micropumps
- Nozzles
- Microneedles
- Others
Microfluidic Components Market, By Industry:
- Oil & Gas
- Healthcare
- Aerospace & Defense
- Consumer Electronics, Automotive
- Other Industries
Companies Profiled
- Parker Hannifin Corporation
- IDEX Corporation
- Fluigent SA
- Staiger GmbH & Co. KG
- SMC Corporation
- Camozzi Automation Spa Società Unipersonale
- Aignep s.p.a.
- FIM Valvole Srl
- Humphrey Products Corporation
- Dolomite Microfluidics
- Cellix Ltd.
- Christian Bürkert GmbH & Co. KG
For more information about this report visit https://www.researchandmarkets.com/r/1gojuh
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