Global Microfluidics Market Size, Share & Growth Report 2027

According to the latest report by IMARC Group, titled, “Microfluidics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global microfluidics market size reached US$ 20.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.4 Billion by 2027, exhibiting a CAGR of 16.47% during 2022-2027.

Microfluidics refers to the technology that relies on a set of tools or systems to manipulate small volumes of fluids and control chemical, physical, and biological processes. It can be integrated with electronic and optical elements for the construction of operational sensors utilizing lithographic techniques. Microfluidics is widely utilized in biomedical applications, including tissue engineering and wound healing. Presently, various advanced fabrication technologies, like two-photon polymerization (2PP), help in fabricating miniature microfluidic components, such as microneedles, microfilters, micromixers, etc. These components offer numerous benefits, including unique three-dimensional (3D) capabilities, extreme resolution, sufficient versatility, etc.

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Microfluidics Market Trends:

The sudden outbreak of the COVID-19 pandemic is primarily driving the microfluidics market by catalyzing the demand for detection approaches based on this technology, which can aid in developing rapid, effective, and easy-to-use clinical detection techniques. Moreover, microfluidics has several advantages, such as high sensitivity, specificity, controlled fluid handling, low volume sampling, etc., which are augmenting the global market. Aside from that, the increasing prevalence of acute and chronic diseases across countries is driving up product demand.

Additionally, the increasing adoption of microfluidics for blood analysis and Point-of-Care (POC) testing of cancer and infectious diseases is acting as another growth-inducing factor. Apart from this, the expanding popularity of nanofibers in tissue engineering and regenerative medicine is propelling the market growth since microfluidics enables the custom-made fabrication of nanofibers in a broad range of materials and morphologies. This, in turn, is anticipated to fuel the global microfluidics market over the forecasted period.

Microfluidics Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Abbott Laboratories
• Agilent Technologies Inc.
• Bio-Rad Laboratories Inc.
• Blacktrace Holdings Ltd
• Elvesys Group
• Fluidigm Corporation
• Illumina Inc.
• Micronit B.V.
• Parker-Hannifin Corporation
• PerkinElmer Inc.
• Qiagen N.V.
• Thermo Fisher Scientific Inc.

The report has segmented the market on the basis on material, component, and application.

Breakup by Material:

• Silicon
• Glass
• Polymer
• PDMS
• Others

Breakup by Component:

• Microfluidic Chips
• Micro Pumps
• Microneedles
• Others

Breakup by Application:

• Pharmaceutical and Life Science Research
• Clinical and Veterinary Diagnostics
• Point-of-Care Diagnostics
• Analytical Devices
• Drug Delivery
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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