REPORT SCOPE & OVERVIEW
The Microfluidics Market size was estimated USD 28,718 million in 2022 and is expected to reach USD 72,126 million by 2030 at a CAGR of 12.2% during the forecast period of 2023-2030.
Microfluidics is a technological method for investigating the nature and properties of fluids. Its application comprises the employment of a collection of tools for modifying and directing the chemical and biological processes of small quantities of fluids. It is also utilized in the manufacture of microminiaturized devices having multiple tubes and chambers through which fluids flow or are restricted.
Increasing technical advancement
The goal of technological advancements in microfluidic components is to improve and simplify healthcare operating processes. Integrated microfluidic components have been employed in research labs for over 20 years. Soft lithography and large-scale microfluidic integration have seen significant advancements in the life sciences and medical research during the last ten years. Because of technological advancements, researchers have been able to increase the complexity and sophistication of experiments that can be performed on a microfluidic chip, which has also enhanced quick development efforts. Microfluidic components are quickly becoming a critical technology in a wide range of industries, including medicine, biosensing, bioactuation, and chemical synthesis. This demonstrates how microfluidics has evolved from a prospective research tool to one used in clinical investigations to collect data using Al. Microfluidics, particularly lab-on-a-chip technology, is an effective technique for the large-scale, cost-efficient, high-throughput, automated, and diverse creation and application of Al.
Microfluidics incorporation into existing workflows
The first microfluidic screening equipment hit the market less than a decade ago. Currently, microfluidics technology offers enormous chances for further shrinking and integration of devices, as well as better automation and cost reduction in the drug discovery and development processes. Despite the fact that microfluidics provides value to the process and instruments, it is expected that it will take 10 to 15 years before this technology totally replaces conventional macro-scale research instrumentation. Until such a scenario emerges, the market will see sporadic installments of microfluidic devices, causing producers to be marginalized to some extent by conventional technology providers.
Microfluidics is being used to broaden the applicability of medication delivery technology.
Implantable medication delivery systems are one example of a technologically advanced technology that can provide significant prospects for market expansion for businesses. This is due to the fact that microfluidics technology enables the creation of portable and wearable products that ensure accurate and dependable drug administration. Insulin pumps are the most common microfluidics-based drug delivery devices, and numerous related micro-pumping techniques are being researched at the moment. More of these gadgets are projected to become available during the next two to three years.
Microfluidic device standardization and commercialisation
Customer acceptability influences the commercialization of any piece of equipment. several studies support the notion of microfluidics-based devices and provide several assurances about the outcomes gained. However, due to the commercialization of this technology, end user adoption is restricted, and scalability is unclear. Although this technology has shown promising results in research, it will take a few years for it to be fully implemented in all industries. Investors prefer to put their money into more promising technologies. As a result, researchers are expected to move their focus away from microfluidics technology and into other areas such as the environment or food.
IMPACT OF RUSSIAN UKRAINE WAR
Because of the low incidence and small number of important market competitors in this region, the Russia-Ukraine war is expected to have little impact on the worldwide organ-on-chip industry. However, the impact of raw material imports and exports is predicted to have little impact on the worldwide organ-on-chip market growth over the forecast period.
PCR & RT-PCR
In 2022, Medical/Healthcare segment is expected to held the highest market share of 83.8% and is expected to exhibit a CAGR of 12.6% during the forecast period. Microfluidics is an important technique in biological analysis, chemical synthesis, and information technology. Microfluidics has resulted in several advancements, including minimal reagent usage and maximum information derived from small sample sizes, short and simple assay protocols, improved parallel processing of samples and screening approaches, and accurate spatiotemporal control of cell microenvironments.
In 2022, polydimethylsiloxane (PDMS) the segment is expected to dominate the market growth of 35.7% and is expected to grow at a CAGR of 13.7% during the forecast period. PDMS is a popular polymer in microfluidics because to the numerous benefits it provides. Nontoxicity, resilience, optical transparency, permeability to gas and oxygen, biocompatibility, elastomeric characteristics, low cost, and the ability to stack several layers are some of the benefits of PDMS.
Continuous Flow Microfluidics
Optofluidics And Microfluidics
Acoustofluidics And Microfluidics
Electrophoresis And Microfluidics
In 2022, the lab-on-a-chip segment is expected to dominate the market growth of 37.9% and is expected to reveal a CAGR of 11.1% during the forecast period. The lab-on-a-chip enables fast sequencing of DNA probes. Because DNA amplification using the PCR process is dependent on heat cycles, the lab-on-chip performs high-speed thermal changes at the microscale level. Elveflow provides the fastest qPCR system-Fastgene, which identifies bacteria and viruses in 7 minutes. Furthermore, nanopore technologies have greater potential for aiding rapid genome sequencing of DNA probes than actual lab-on-a-chip utilizing an array technique. Similarly, these systems offer profitable potential for immunoassays that can be performed in 10 seconds rather than 10 minutes with macroscopic technology. As a result, activities done using labs-on-a-chip have a high potential for ultra-fast virus and bacterium detection.
North America held a significant market share of over 43.0% in 2022 due to the primary factor driving market growth is an increase in research funding from government organizations and industries. The increased demand for microfluidics devices in research and diagnostics has prompted industry-academia collaboration to speed the commercialization of lab-built devices.
Asia-Pacific is witness to expand fastest CAGR rate of 16.1% during the forecast period owing to sophisticated research infrastructure, expanding economy, and economical labor. International firms are eager to engage in the undeveloped APAC microfluidics industry. Foreign businesses dominate the market for microfluidic diagnostic tests. However, prominent businesses in the region are presenting unique and intriguing solutions in terms of performance, and more importantly, pricing, which will help them to increase their market share in the next years.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
The major key players are Illumina, Inc., F. Hoffmann-La Roche Ltd, PerkinElmer, Inc., Agilent Technologies, Inc., HORIBA, Loschmidt laboratory, Bio-Rad Laboratories, Inc., Danaher Corporation, Abbott, Thermo Fisher Scientific, Standard BioTools, BIOLASE, Inc., and Others.
Loschmidt laboratory-Company Financial Analysis
HORIBA, in August 2022, HORIBA established a partnership with SigTuple to accelerate the adoption of its AI100, an AI-assisted digital pathology system, in India. SigTuple used artificial intelligence, robots, microfluidics, and cloud computing to provide smart diagnostic solutions that made quality healthcare more accessible and inexpensive.
BIOLASE, Inc., in January 2022, The EdgePRO system, developed by BIOLASE, Inc. and EdgeEndo, has gained FDA 510(k) clearance for effective disinfection and cleaning within root canal operations.
in March 2021, The Loschmidt laboratory team, in collaboration with ETH Zurich partners, created a microfluidic platform for the effective and speedy analysis of enzymes and their properties.
|Market Size in 2022||US$ 28,718 Million|
|Market Size by 2030||US$ 72,126 Million|
|CAGR||CAGR of 12.2 % From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Technology (Medical/Healthcare, Non-medical)
• By Material (Silicon, Glass, Polymer, PDMS Others)
• By Application (Lab-on-a-chip, Organs-on-chips, Continuous Flow Microfluidics, Optofluidics and Microfluidics, Acoustofluidics and Microfluidics, Electrophoresis and Microfluidics)
|Regional Analysis/Coverage||North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)|
|Company Profiles||Illumina, Inc., F. Hoffmann-La Roche Ltd, PerkinElmer, Inc., Agilent Technologies, Inc., HORIBA, Loschmidt laboratory, Bio-Rad Laboratories, Inc., Danaher Corporation, Abbott, Thermo Fisher Scientific, Standard BioTools, BIOLASE, Inc.|
|Key Drivers||• Increasing technical advancement|
|Market Opportunity||• Microfluidics is being used to broaden the applicability of medication delivery technology.|
Ans: Medical/Healthcare segment is expected to held the highest market share of 83.8%.
Ans: Microfluidics Market size was valued at USD 28,718 million in 2022.
Ans: Microfluidics Market is anticipated to expand by 12.2% from 2023 to 2030.
Ans: Microfluidics is being used to broaden the applicability of medication delivery technology.
Ans: North America held a significant market share of around 43.0% in 2022.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Microfluidics Market Segmentation, By Technology
8.1.1PCR & RT-PCR
9. Microfluidics Market Segmentation, By Material
9.5Others Drug Discovery
10. Microfluidics Market Segmentation, By Application
10.3Continuous Flow Microfluidics
10.4Optofluidics and Microfluidics
10.5Acoustofluidics and Microfluidics
10.6Electrophoresis and Microfluidics
11. Regional Analysis
11.2 North America
11.2.1 North America Microfluidics Market by Country
11.2.2 North America Microfluidics Market by Technology
11.2.3 North America Microfluidics Market by Material
11.2.4 North America Microfluidics Market by Application
220.127.116.11 USA Microfluidics Market by Technology
18.104.22.168 USA Microfluidics Market by Material
22.214.171.124 USA Microfluidics Market by Application
126.96.36.199 Canada Microfluidics Market by Technology
188.8.131.52 Canada Microfluidics Market by Material
184.108.40.206 Canada Microfluidics Market by Application
220.127.116.11 Mexico Microfluidics Market by Technology
18.104.22.168 Mexico Microfluidics Market by Material
22.214.171.124 Mexico Microfluidics Market by Application
11.3.1 Eastern Europe
126.96.36.199 Eastern Europe Microfluidics Market by Country
188.8.131.52 Eastern Europe Microfluidics Market by Technology
184.108.40.206 Eastern Europe Microfluidics Market by Material
220.127.116.11 Eastern Europe Microfluidics Market by Application
18.104.22.168.1 Poland Microfluidics Market by Technology
22.214.171.124.2 Poland Microfluidics Market by Material
126.96.36.199.3 Poland Microfluidics Market by Application
188.8.131.52.1 Romania Microfluidics Market by Technology
184.108.40.206.2 Romania Microfluidics Market by Material
220.127.116.11.4 Romania Microfluidics Market by Application
18.104.22.168.1 Turkey Microfluidics Market by Technology
22.214.171.124.2 Turkey Microfluidics Market by Material
126.96.36.199.3 Turkey Microfluidics Market by Application
188.8.131.52 Rest of Eastern Europe
184.108.40.206.1 Rest of Eastern Europe Microfluidics Market by Technology
220.127.116.11.2 Rest of Eastern Europe Microfluidics Market by Material
18.104.22.168.3 Rest of Eastern Europe Microfluidics Market by Application
11.3.2 Western Europe
22.214.171.124 Western Europe Microfluidics Market by Technology
126.96.36.199 Western Europe Microfluidics Market by Material
188.8.131.52 Western Europe Microfluidics Market by Application
184.108.40.206.1 Germany Microfluidics Market by Technology
220.127.116.11.2 Germany Microfluidics Market by Material
18.104.22.168.3 Germany Microfluidics Market by Application
22.214.171.124.1 France Microfluidics Market by Technology
126.96.36.199.2 France Microfluidics Market by Material
188.8.131.52.3 France Microfluidics Market by Application
184.108.40.206.1 UK Microfluidics Market by Technology
220.127.116.11.2 UK Microfluidics Market by Material
18.104.22.168.3 UK Microfluidics Market by Application
22.214.171.124.1 Italy Microfluidics Market by Technology
126.96.36.199.2 Italy Microfluidics Market by Material
188.8.131.52.3 Italy Microfluidics Market by Application
184.108.40.206.1 Spain Microfluidics Market by Technology
220.127.116.11.2 Spain Microfluidics Market by Material
18.104.22.168.3 Spain Microfluidics Market by Application
22.214.171.124.1 Netherlands Microfluidics Market by Technology
126.96.36.199.2 Netherlands Microfluidics Market by Material
188.8.131.52.3 Netherlands Microfluidics Market by Application
184.108.40.206.1 Switzerland Microfluidics Market by Technology
220.127.116.11.2 Switzerland Microfluidics Market by Material
18.104.22.168.3 Switzerland Microfluidics Market by Application
22.214.171.124.2 Austria Microfluidics Market by Technology
126.96.36.199.3 Austria Microfluidics Market by Material
188.8.131.52.4 Austria Microfluidics Market by Application
184.108.40.206 Rest of Western Europe
220.127.116.11.1 Rest of Western Europe Microfluidics Market by Technology
18.104.22.168.2 Rest of Western Europe Microfluidics Market by Material
22.214.171.124.3 Rest of Western Europe Microfluidics Market by Application
11.4.1 Asia-Pacific Microfluidics Market by Country
11.4.2 Asia-Pacific Microfluidics Market by Technology
11.4.3 Asia-Pacific Microfluidics Market by Material
11.4.4 Asia-Pacific Microfluidics Market by Application
126.96.36.199 China Microfluidics Market by Technology
188.8.131.52 China Microfluidics Market by Application
184.108.40.206 China Microfluidics Market by Material
220.127.116.11 India Microfluidics Market by Technology
18.104.22.168 India Microfluidics Market by Material
22.214.171.124 India Microfluidics Market by Application
126.96.36.199 Japan Microfluidics Market by Technology
188.8.131.52 Japan Microfluidics Market by Material
184.108.40.206 Japan Microfluidics Market by Application
11.4.8 South Korea
220.127.116.11 South Korea Microfluidics Market by Technology
18.104.22.168 South Korea Microfluidics Market by Material
22.214.171.124 South Korea Microfluidics Market by Application
126.96.36.199 Vietnam Microfluidics Market by Technology
188.8.131.52 Vietnam Microfluidics Market by Material
184.108.40.206 Vietnam Microfluidics Market by Application
220.127.116.11 Singapore Microfluidics Market by Technology
18.104.22.168 Singapore Microfluidics Market by Material
22.214.171.124 Singapore Microfluidics Market by Application
126.96.36.199 Australia Microfluidics Market by Technology
188.8.131.52 Australia Microfluidics Market by Material
184.108.40.206 Australia Microfluidics Market by Application
11.4.12 Rest of Asia-Pacific
220.127.116.11 Rest of Asia-Pacific Microfluidics Market by Technology
18.104.22.168 Rest of Asia-Pacific Microfluidics Market by Material
22.214.171.124 Rest of Asia-Pacific Microfluidics Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
126.96.36.199 Middle East Microfluidics Market by Country
188.8.131.52 Middle East Microfluidics Market by Technology
184.108.40.206 Middle East Microfluidics Market by Material
220.127.116.11 Middle East Microfluidics Market by Application
18.104.22.168.1 UAE Microfluidics Market by Technology
22.214.171.124.2 UAE Microfluidics Market by Material
126.96.36.199.3 UAE Microfluidics Market by Application
188.8.131.52.1 Egypt Microfluidics Market by Technology
184.108.40.206.2 Egypt Microfluidics Market by Material
220.127.116.11.3 Egypt Microfluidics Market by Application
18.104.22.168 Saudi Arabia
22.214.171.124.1 Saudi Arabia Microfluidics Market by Technology
126.96.36.199.2 Saudi Arabia Microfluidics Market by Material
188.8.131.52.3 Saudi Arabia Microfluidics Market by Application
184.108.40.206.1 Qatar Microfluidics Market by Technology
220.127.116.11.2 Qatar Microfluidics Market by Material
18.104.22.168.3 Qatar Microfluidics Market by Application
22.214.171.124 Rest of Middle East
126.96.36.199.1 Rest of Middle East Microfluidics Market by Technology
188.8.131.52.2 Rest of Middle East Microfluidics Market by Material
184.108.40.206.3 Rest of Middle East Microfluidics Market by Application
220.127.116.11 Africa Microfluidics Market by Country
18.104.22.168 Africa Microfluidics Market by Technology
22.214.171.124 Africa Microfluidics Market by Material
126.96.36.199 Africa Microfluidics Market by Application
188.8.131.52.1 Nigeria Microfluidics Market by Technology
184.108.40.206.2 Nigeria Microfluidics Market by Material
220.127.116.11.3 Nigeria Microfluidics Market by Application
18.104.22.168 South Africa
22.214.171.124.1 South Africa Microfluidics Market by Technology
126.96.36.199.2 South Africa Microfluidics Market by Material
188.8.131.52.3 South Africa Microfluidics Market by Application
184.108.40.206 Rest of Africa
220.127.116.11.1 Rest of Africa Microfluidics Market by Technology
18.104.22.168.2 Rest of Africa Microfluidics Market by Material
22.214.171.124.3 Rest of Africa Microfluidics Market by Application
11.6 Latin America
11.6.1 Latin America Microfluidics Market by Country
11.6.2 Latin America Microfluidics Market by Technology
11.6.3 Latin America Microfluidics Market by Material
11.6.4 Latin America Microfluidics Market by Application
126.96.36.199 Brazil Microfluidics Market by Technology
188.8.131.52 Brazil Microfluidics Market by Material
184.108.40.206 Brazil Microfluidics Market by Application
220.127.116.11 Argentina Microfluidics Market by Technology
18.104.22.168 Argentina Microfluidics Market by Material
22.214.171.124 Argentina Microfluidics Market by Application
126.96.36.199 Colombia Microfluidics Market by Technology
188.8.131.52 Colombia Microfluidics Market by Material
184.108.40.206 Colombia Microfluidics Market by Application
11.6.8 Rest of Latin America
220.127.116.11 Rest of Latin America Microfluidics Market by Technology
18.104.22.168 Rest of Latin America Microfluidics Market by Material
22.214.171.124 Rest of Latin America Microfluidics Market by Application
12.1 Illumina, Inc.
12.1.1 Company Overview
12.1.3 Technologys/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 F. Hoffmann-La Roche Ltd
12.2.1 Company Overview
12.2.3 Technology/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 PerkinElmer, Inc.
12.3.1 Company Overview
12.3.3 Technology/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Agilent Technologies, Inc.
12.4.1 Company Overview
12.4.3 Technology/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5.1 Company Overview
12.5.3 Technology/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Loschmidt laboratory
12.6.1 Company Overview
12.6.3 Technology/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Bio-Rad Laboratories Inc.
12.7.1 Company Overview
12.7.3 Technology/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Danaher Corporation
12.8.1 Company Overview
12.8.3 Technology/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9.1 Company Overview
12.9.3 Technology/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Thermo Fisher Scientific
12.10.1 Company Overview
12.10.3 Technology/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Standard BioTools
12.11.1 Company Overview
12.11.3 Technology/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13.12 BIOLASE, Inc.
12.12.1 Company Overview
12.12.3 Technology/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
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The 5 steps process:
Step 1: Secondary Research:
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Step 2: Primary Research
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