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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Microfluidics Market Outlook
The global microfluidics market reached a value of around USD 19.29 billion in 2023. The microfluidics market is further anticipated to grow at a CAGR of 15.5% over the forecast period of 2024-2032.
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The growing prevalence of chronic and infectious illnesses, combined with advancements in coagulation testing, blood gas electrolytes, haematology, urine chemistry, and cardiovascular markers, are creating fresh possibilities for the development of the microfluidics market. The demand for microfluidics technology integration in POC diagnostic systems, manufacturing, fluid handling systems, and signal detection processes is increasing. In the coming years, this is anticipated to boost the microfluidics market further.
Global Microfluidics Market: Properties and Applications
Microfluidics deals with the behaviour, accurate control, and manipulation of liquids that are geometrically restricted to a small scale, typically submillimeter, at which capillary penetration regulates mass transport.
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The global microfluidics market can be divided based on segments like material and application.
The industry can be divided based on its material as polymer, glass, and silicon, among others.
The microfluidics market can be broadly categorised on the basis of its application into:
- Pharmaceuticals
- Genomics
- Proteomics
- Cell Based Assays
- Others
The EMR report looks into the regional microfluidics markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Global Microfluidics Market Analysis
The rising demand for point-of-care (POC) testing due to the rising incidence of chronic infectious diseases, the growing demand for equipment integrated with microfluidic technology, faster testing and improved portability through microfluidic chip miniaturisation, and the development of innovative microfluidics technology, along with launch of new products, are some of the major factors driving the growth of the global microfluidics market. Challenges while incorporating the microfluidics technology into existing workflows coupled with the presence of complex and time-consuming regulatory standards are the factors which may restrain the growth of the microfluidics market up to some extent in the future.
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Global Microfluidics Market: Competitive Landscape
The report presents a detailed analysis of the following key players in the global microfluidics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Illumina, Inc. (NASDAQ: ILMN)
- Agilent Technologies Inc
- Caliper Life Sciences
- Cepheid Inc
- Danaher Corporation
- Bio-Rad Laboratories, Inc.
- Abbott Laboratories
- Others
The EMR report gives an in-depth insight into the microfluidics market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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 Material |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global microfluidics market attained a value of nearly USD 19.29 billion.
The market is projected to grow at a CAGR of 15.5% between 2024 and 2032.
The major drivers of the market include the increasing population, growing incidences of chronic and infectious diseases, the developing healthcare sector, advancements in biotechnology, and growing clinical trials.
The key trends guiding the growth of the market include the growing R&D activities and increasing demand for point-of-care (POC) testing and the integration of microfluidics technology in POC diagnostic systems.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major materials of microfluidics considered in the market report are polymer, glass, and silicon, among others.
The significant applications of microfluidics include pharmaceuticals, genomics, proteomics, and cell based assays, among others.
The major players in the market are Illumina, Inc., Agilent Technologies Inc, Caliper Life Sciences, Cepheid, Danaher Corporation, Bio-Rad Laboratories, Inc., and Abbott Laboratories, among others.
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