Microfluidics Device Market was valued at USD 8.25 billion in 2017, and is estimated to grow at a CAGR of 25.5% from 2017 to 2024. Microfluidic devices exploit the physical and chemical properties of liquids and gases at the microscopic scale. It offers many advantages over conventional sized systems. It helps to perform many operations at the same time because of their compact size, thereby shortening the time of the experiment. It also has excellent data quality and important parameter control that automates the process, while preserving performance.
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Some of the market drivers for the Microfluidics Device Market include increased demand for POC testing, benefits associated with incorporation of microfluidics across different industries, higher return on investments as well as technological advancements. The microfluidics market is segmented by application, component (type & material), and region. The Microfluidics Device Market is fragmented into instruments, microfluidics, cartridges, and reagents, among others. Of these, cartridges and reagents held a significant share of the global market and the segment is expected to continue to dominate in the coming years. In terms of turnover, the Microfluidics Device Market accounted for 45.2% of the global market in 2016. The considerable acceptance of microfluidic products in laboratories and industries has provided cartridges and reagents with this wide margin of growth. The report predicts that instruments and microfluidic chip segments will closely follow the runway during the forecast period. Geographically, Asia-Pacific is expected to grow successfully in the coming years. It may be attributed to the growing mergers and acquisitions and technological advances in emerging countries. However, North America accounted for the largest share in 2017. The growing adoption of microfluidic technology and the continued roll-out of new products in the North American region are the few factors driving market growth for Microfluidics Device Market. The key players in the Microfluidics Device Market include Danaher (US), Thermo Fisher (US), PerkinElmer (US), Agilent (US), Bio-Rad (US), Becton, Dickinson and Company (US), Roche (Switzerland), Illumina (US), Fluidigm, Microfluidics (US), and QIAGEN (Netherlands). OGYROS PROTEIN TECHNOLOGIES AB (Sweden), Sphere Fluidics (UK), OPKO Health (US), Waters (US), thinXXS Microtechnology (Germany), Abaxis (US), bioMérieux (France), Abbott (US), Dolomite Microfluidics (UK), Microfluidic ChipShop (Germany), Elveflow (France), Cellix (Ireland), Micronit Microtechnologies (Netherlands), MicroLiquid (Spain), MiniFAB (Australia), uFluidix (Canada), Micralyne (US), and Fluigent (France). The years that have been considered for the study are: • Base year – 2016 • Estimated year – 2017 • Forecast period – 2017 to 2024 Target Audience: • Microfluidics-based product manufacturers & distributors • Microfluidic component manufacturers • Pharmaceutical and diagnostic companies • Research institutes • Medical device companies • Life science companies • Healthcare institutions (hospitals, medical schools, and outpatient clinics) • Government associations • Market research and consulting firms • Venture capitalists and investors
Microfluidics Device Market - Key Segment:
Microfluidics Device Market, By Application:
• In vitro diagnostics o Point-of-care Testing o Clinical Diagnostics • Pharmaceutical research o Lab analytics Proteomic Analysis Genomic Analysis Cell-based Assay Capillary Electrophoresis o Micropispensing o Microreaction • Drug Delivery • Laboratory Testing o Agro food Testing o Industrial Testing o Environmental Testing
Microfluidics Device Market, By Type
• Microfluidic Chips • Microfluidic Sensors • Microfluidic Pumps • Microneedles • Other Component (Flow Controller, Temperature controller, connectors, droplet generator, microreactors, and valves)
Microfluidics Device Market, By Material
• Polymer-based Microfluidics • Glass-based Microfluidics • Silicone-based Microfluidics • Other material-based Microfluidics (Paper, Ceramics, & Metal)
Microfluidics Device Market, Company Profiles
• Danaher (US) • Thermo Fisher (US) • PerkinElmer (US) • Agilent (US) • Bio-Rad (US) • Becton • Dickinson and Company (US) • Roche (Switzerland) • Illumina (US) • Fluidigm • Microfluidics (US) • QIAGEN (Netherlands) • OGYROS PROTEIN TECHNOLOGIES AB (Sweden) • Sphere Fluidics (UK) • OPKO Health (US) • Waters (US) • thinXXS Microtechnology (Germany) • Abaxis (US) • bioMérieux (France) • Abbott (US) • Dolomite Microfluidics (UK) • Microfluidic ChipShop (Germany) • Elveflow (France) • Cellix (Ireland) • Micronit Microtechnologies (Netherlands) • MicroLiquid (Spain) • MiniFAB (Australia) • uFluidix (Canada) • Micralyne (US) • Fluigent (France).
Microfluidics Device Market, By Region
North America • U.S • Canada Europe • Germany • France • UK • Italy • Spain • Russia • Rest of Europe Asia Pacific • Japan • China • India • South Korea • Australia • Rest of Asia Pacific Rest of the World (ROW): • Middle-East • Africa • Latin America
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