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Global Microfluidic Devices Market Share, Size, Analysis, Growth, Trends, Forecast: By Product Type: Microfluidic-Based Devices, Microfluidic Components; By Material: Glass, Silicon, Polymer, Others; By Application: Pharmaceutical & Life Sciences Research, Others; By End User; Regional Analysis; Patent Analysis; Supplier Landscape; 2024-2032
Global Microfluidic Devices Market Outlook
The global microfluidic devices market size has reached a value of more than USD 12.85 billion in 2023. The market is expected to grow at a CAGR of 19.80% in the forecast period of 2024-2032, reaching a value of USD 65.29 billion by 2032.
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Global Microfluidic Devices Market Analysis
Microfluidic is a field of science dealing with the study of the behaviour of fluids through small channels on a micro-level scale. The devices containing a palm-sized chip with small channels used to process or manipulate small amounts of fluidics are knowns as microfluidics devices.
Increasing Prevalence of Diseases
Infectious diseases and chronic disease cases are increasing, and it is expected to drive the market growth as microfluidic devices are utilised for the screening of diseases.
Rising Technological Advancements
Manufacturers are focused on developing advanced microfluidic components to improve the operational processes in the healthcare industry and meet the increasing demand.
Cost-Effective Materials for Manufacturing Devices
The application of cost-effective materials, such as polymers, for the manufacturing of microfluidic chips and sensors has increased the profit margin for the market.
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Global Microfluidic Devices Market Opportunities
3D Printing for Manufacturing Devices
The application of 3D printers for manufacturing microfluidic devices can significantly enhance the development of the market. 3D printers can allow flexible adjustments by changing the design and manufacturing the device much more simply
Smartphone-Operated Microfluidic Devices
Manufacturers have focused on research and development to launch new products such as a new microfluidic chip for diagnosing diseases that is operable wirelessly through smartphones.
Lacking Standardisation of the Devices to be a Key Challenge for the Market
Over the previous couple of years, there have been very low efforts for the standardisation of microfluidic devices for different end-users, which has been restricting the market growth.
Global Microfluidic Devices Market Analysis
Based on device type, the market can be segmented into chips, sensors, flow and pressure controllers, among. Based on the material, it can be bifurcated into glass, polymer, and silicon, among others. Based on application, the market divisions include point of care testing, pharmaceutical and life science research, drug delivery, analytical devices, clinical and veterinary diagnostics, and environment and industrial, among others. Based on industry, the market segments include in-vitro diagnostics, pharmaceuticals, and medical devices.
The regional markets for the microfluidic devices market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global microfluidic devices market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Parker-Hannifin Corporation
- Agilent Technologies, Inc.
- Standard BioTools
- Fluigent S.A.
- ALine Inc,
- Blacktrace Holdings Ltd.
- Others
Global Microfluidic Devices Market Share by Type
Based on type, the market segments include chips, sensors, flow and pressure controllers, among others. The chip segment is expected to hold the largest market share due to increasing applications in varied fields such as diagnosis, drug delivery, and biomedical, among others.
The sensor segment is expected to have significant growth during the forecast period as the enables rapid detection of analytes and reduces energy consumption, which leads to cost savings.
Global Microfluidics Devices Market Share by Material
Based on materials, the market is bifurcated into glass, silicon, and polymer, among others. Among these segments, glass holds the largest market share as it has excellent chemical, electrical, and physical properties that are required for the proper flow of microfluidics and the detection of diseases.
The polymer and silicon segment is going through rapid growth due to increasing demand for cost-effective materials in the market for manufacturing of chips and sensors. They are disposable and more user-friendly and help in reducing energy consumption.
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Competitive Landscape
Parker-Hannifin Corporation, originally known as Parker Appliance Company, is an American corporation focused in developing motion and control technologies. The company is headquartered in Ohio, United States, and it was founded in March 1917.
Their products are available in categories, such as cylinders and actuators, pumps, piping and tubing, motors, filters, and dryers.
Agilent Technolgies, Inc. is an American life science company that was formed in 1999 as a spin-off from Hewlett-Packard. The company is engaged in providing instruments, software, services, and consumables for all sorts of medical workflow.
Their products are available in various fields, such as analytical instruments and supplies for chromatography, mass spectrometry, and spectroscopy, among others.
Standard BioTools is an American company, founded in 1999, engaged in designing, manufacturing, and distributing biological research equipment based on fluid circuit technology. The company utilised their semiconductor skills to develop integrated circuits that conveyed fluids rather than electrons.
Other market players include Fluigent S.A., ALine Inc, and Blacktrace Holdings Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Microfluidic Devices Market Overview
3.1 Global Microfluidic Devices Market Historical Value (2017-2023)
3.2 Global Microfluidic Devices Market Forecast Value (2024-2032)
4 Global Microfluidic Devices Market Landscape
4.1 Global Microfluidic Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Microfluidic Devices Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Microfluidic Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Microfluidic Devices Market Segmentation
6.1 Global Microfluidic Devices Market by Product Type
6.1.1 Market Overview
6.1.2 Microfluidic-Based Devices
6.1.3 Microfluidic Components
6.1.3.1 Microfluidic Chips
6.1.3.2 Flow and Pressure Sensors
6.1.3.3 Microfluidic Valves
6.1.3.4 Micropumps
6.1.3.5 Microneedles
6.1.3.6 Other Components
6.2 Global Microfluidic Devices Market by Material
6.2.1 Market Overview
6.2.2 Glass
6.2.3 Silicon
6.2.4 Polymer
6.2.5 Others
6.3 Global Microfluidic Devices Market by Application
6.3.1 Market Overview
6.3.2 Pharmaceutical & Life Sciences Research
6.3.3 Point of Care Testing
6.3.4 Drug Delivery
6.3.5 Analytical Devices
6.3.6 Clinical and Veterinary Diagnostics
6.3.7 Environment and Industrial
6.3.8 Others
6.4 Global Microfluidic Devices Market by End User
6.4.1 Market Overview
6.4.2 Hospitals & Diagnostic Centers
6.4.3 Academic & Research Institutes
6.4.4 Pharmaceutical & Biotechnology Companies
6.4.5 Others
6.5 Global Microfluidic Devices Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Microfluidic Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Microfluidic Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Microfluidic Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Microfluidic Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Microfluidic Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Parker-Hannifin Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Agilent Technologies, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Standard BioTools
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Fluigent S.A.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 ALine Inc,
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Blacktrace Holdings Ltd.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Fluidigm Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Bio-Rad Laboratories, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 F. Hoffmann-La Roche Ltd
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
18 Global Microfluidic Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2023, the global market for microfluidics devices reached a size of USD 12.85 billion.
The market is expected to grow at a CAGR of 19.80% during the period 2024-2032.
The market is expected to reach a value of USD 65.29 billion.
The market is driven by the rising demand for various medical applications and growing technological advancements.
The utilisation of 3D printers for manufacturing chips and sensors and utilising cost-saving materials such as polymers are the major key trends in the market.
The regional markets for the global market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The device types in the market include chips, sensors, flow and pressure controllers, among others.
The different materials in the market include glass, polymer, and silicon, among others.
The applications available in the market include point of care testing, pharmaceutical and life science research, drug delivery, analytical devices, clinical and veterinary diagnostics, environment and industrial, among others.
The market caters to in-vitro diagnostics, pharmaceuticals, and medical devices industries.
The key players in the market include Parker-Hannifin Corporation, Agilent Technologies, Inc., Standard BioTools, Fluigent S.A., ALine Inc, and Blacktrace Holdings Ltd., among others.
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