New York, United States, April 23, 2024 (GLOBE NEWSWIRE) -- The Global Microfluidics Market Size is to Grow from USD 32.40 Billion in 2023 to USD 65.90 Billion by 2033, at a Compound Annual Growth Rate CAGR of 7.36% during the projected period.
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Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Microfluidics Market Size, Share, and COVID-19 Impact Analysis, By Material (Silicon, PDMS, Glass & Others), By Product (Chip & Device, Instrument & System, Software, Service & Others), By End User (Healthcare, Research Institutes, Biotechnology, Pharmaceutical & Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The PDMS segment is expected to hold the largest share of the global microfluidics market during the predicted timeframe.
The microfluidics market is classified by material into silicon, PDMS, glass, and others. Among these, the PDMS segment is expected to hold the largest share of the global microfluidics market during the predicted timeframe. its many advantages, PDMS is a polymer that is widely used in microfluidics. Some of the advantages of PDMS are nontoxicity, durability, optical clarity, permeability to gas and oxygen, biocompatibility, elastomeric properties, low cost, and complex designs of microfluidic devices by stacking multiple layers.
The instruments and systems segment is expected to hold the largest share of the global microfluidics market during the anticipated period.
On the basis of the product, the global microfluidics market is divided into chip and device, instrument and system, software, service and others. Among these, the instruments and systems segment is expected to hold the largest share of the global microfluidics market during the anticipated period. This rise is being driven by the growing usage of microfluidic systems and devices in a variety of industries, such as research, pharma, and medicine. Because these systems provide extensive capabilities for accurate fluid management, automation, and analysis, they are essential for many applications.
The healthcare segment is expected to hold the largest share of the global microfluidics market during the anticipated period.
On the basis of the end user, the global bio alcohol market is divided into healthcare, research institutes, biotechnology, pharmaceutical and others. Among these, the healthcare segment is expected to hold the largest share of the global microfluidics market during the anticipated period. The need for additional testing, the advantages of integrated microfluidic devices over conventional medical devices, the rise in chronic diseases worldwide, and the expanding demand for quick and accurate test results are all contributing factors to the growing demand for microfluidic devices in the healthcare industry.
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North America is anticipated to hold the largest share of the global microfluidics market over the predicted timeframe.
North America is anticipated to hold the largest share of the global microfluidics market over the predicted timeframe. The deployment of cutting-edge miniaturized technologies, the presence of industrialized nations with well-established healthcare systems, and continuous public and private sector research and development initiatives are all contributing factors to the region's growing market.
Throughout the projected period, Asia-Pacific is anticipated to develop at the most rapid rate. because of affordable labor, expanding economies, and advanced research infrastructure. An increasing number of foreign investors are showing interest in the uncharted microfluidics sector in Asia. In the market for microfluidic diagnostic tests, foreign businesses dominate.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Microfluidics Market include Illumina, Inc., F. Hoffmann-La Roche Ltd, PerkinElmer, Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Abbott, Thermo Fisher Scientific, Standard BioTools and others.
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Recent Developments
- In October 2022, Standard BioTools unveiled the X9 Real-time PCR System, a highly effective and versatile high-capacity genomics platform, utilizing microfluidics technology.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Microfluidics Market based on the below-mentioned segments:
Global Microfluidics Market, By Material
- Silicon
- PDMS
- Glass
- Others
Global Microfluidics Market, By Product
- Chip and Device
- Instrument and System
- Software
- Service
- Others
Global Microfluidics Market, By End User
- Healthcare
- Research Institutes
- Biotechnology
- Pharmaceutical
- Others
Global Microfluidics Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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