Global Microfluidic Devices Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Microfluidic Devices Market

The microfluidic devices market is expected to witness market growth at a rate of 16.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on microfluidic devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for low-volume sample analysis is escalating the growth of microfluidic devices market.

Microfluidic devices are referred to as lithographic devices utilized for the diagnosis or analysis of small volumes of fluids to perform the chemical, physiological and biological procedures. Microfluidics devices are gaining popularity across extensive range of diagnostic applications because of need of extremely low quantity of samples and efficiency in data interpretation in comparison to the traditional laboratory equipment.

Major factors that are expected to boost the growth of the microfluidic devices market in the forecast period are the increase in the need for point-of-care testing. Furthermore, the technological developments are further propelling the growth of the microfluidic devices market. Moreover, the rise in the attention on the data precision and the precision is further estimated to cushion the growth of the microfluidic devices market. On the other hand, the complex and time-consuming governing approval process and the integration of microfluidics into the existing workflows which in turn is further responsible to impede the growth of the microfluidic devices market in the timeline period.

In addition, the arrival of microfluidic-based 3D cell culture systems, such as organ-on-a-chip and the rise in the applications of microfluidics which will further provide potential opportunities for the growth of the microfluidic devices market in the coming years. However, the standardization and commercialization of microfluidic devices which might further challenge the growth of the microfluidic devices market in the near future.

This microfluidic devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on microfluidic devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. 

Microfluidic Devices Market Scope and Market Size

The microfluidic devices market is segmented on the basis of product, applications and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications. 

• On the basis of product, the microfluidic devices market is segmented into microfluidic-based devices, microfluidic components. Microfluidic components is further sub segmented into microfluidic chips, Flow and pressure sensors, Flow and pressure controllers, micropumps, microfluidic valves, microneedles, other components.
• On the basis of applications, the microfluidic devices market is segmented into in-vitro diagnostics, pharmaceuticals, life science research, and manufacturing and therapeutics. In-vitro diagnostics is further sub segmented into PoC testing, clinical diagnostics, veterinary diagnostics. Pharmaceuticals, life science research, and manufacturing is further sub segmented into lab analytics, microdispensing, and microreaction. Lab analytics is further sub segmented into Proteomic Analysis, Genomic Analysis, Cell-based Assays, Capillary Electrophoresis. Therapeutics is further sub segmented into drug delivery and wearable devices.
• On the basis of end users, the microfluidic devices market is segmented into POCT, pharmaceutical and life science research, drug delivery, analytical devices, clinical and veterinary diagnosis, environment and industrial

Microfluidic Devices Market Country Level Analysis

The microfluidic devices market is analysed and market size insights and trends are provided by country, product, applications and end users as referenced above.      

The countries covered in the microfluidic devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the microfluidic devices market due to the widespread participation across the development of novel microfluidic devices. Furthermore, the occurrence of major key players will further boost the growth of the microfluidic devices market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the microfluidic devices market due to the rise in the private and public investment in the biotechnology. Moreover, the production of the medical devices is further anticipated to propel the growth of the microfluidic devices market in the region in the coming years.

The country section of the microfluidic devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The microfluidic devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for microfluidic devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the microfluidic devices market. The data is available for historic period 2010-2019.

Competitive Landscape and Microfluidic Devices Market Share Analysis

The microfluidic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microfluidic devices market.

The major players covered in the microfluidic devices market report are F. Hoffmann-La Roche Ltd, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Fluidigm Corporation, RainDance Technologies, Inc., Cepheid., Blacktrace Holdings Limited, Micronit Micro Technologies B.V., BD, MICRUX, uFluidix, Elveflow, Koninklijke Philips N.V., Carville Limited., inziGn Pte Ltd., MicroLab Devices, ARaymond, MICROLIQUID, Epigem Limited, LioniX International, Little Things Factory GmbH, microfluidic ChipShop GmbH, Micralyne, Inc., MEMS Foundary, Lunaphore Technologies, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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