Microfluidics Device Market Forecast till 2027

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The growth of the Microfluidic Devices market is primarily driven by the increasing demand for microfluidic technologies to miniaturize the chip and testing products, as well as the rising demand for genomics and proteomics.

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Description

Microfluidics Device Market Overview

The Microfluidic Device is an innovative technology that combines several medical tests on a single chip, enabling integration, industrialization, miniaturization, and parallelization of various tests in different fields of drug development, biological research, and diagnosis.

The growth of the Microfluidic Devices market is primarily driven by the increasing demand for microfluidic technologies to miniaturize the chip and testing products, as well as the rising demand for genomics and proteomics. Another significant advantage of microfluidics devices is their ability to analyze small volumes of samples, resulting in less reagent waste and preservation of samples that are difficult to produce.

The demand for low-volume sample devices has surged with the introduction of microfluidics devices, and the research activities undertaken by analytical and clinical researchers have also contributed to the demand for microfluidics devices. Conventional genome analysis methods require the decoding of the entire DNA, leading to increased analysis costs and time. In contrast, microfluidics devices require only a small volume of samples for data interpretation, and the application of microfluidics has enabled conventional laboratory procedures to be miniaturized onto a lab-on-a-chip.

Segment Overview

The Microfluidic Devices market is categorized into different segments based on industry, materials, application, and regions. During the forecast period, the market is predicted to experience significant growth. In terms of application, the market is divided into various categories, including clinical and veterinary diagnostics, pharmaceutical and life science research, environmental, care diagnostics, point of analytical devices,  drug delivery and industrial, and others. Additionally, based on propulsion types, the market is segmented into medical devices, in-veto diagnostics, pharmaceutical, and others.

Regional Analysis

The microfluidics market in North America is the dominant region. The growth in the market is mainly attributed to the increased research funding from government organizations and industries. The demand for microfluidics devices in the research and diagnostics field has led to an increase in industry-academia collaboration, which has accelerated the commercialization of lab-built devices.

For instance, in July 2020, Fluidigm Corporation entered into a letter contract with the National Institute of Biomedical Imaging and Bioengineering and the National Institutes of Health for the Rapid Acceleration of Diagnostics program. The program had an overall proposed budget of up to USD 37 million and aimed to expand the output capabilities and production capacity for COVID-19 testing with microfluidics technology from Fluidigm. Additionally, the program fast-tracked the commercialization and development of innovative technologies to significantly increase testing capacity for SARS-CoV-2 in the U.S.

Major Players

Key players in the market are Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Micronit Microtechnologies, Johnson & Johnson Services, Inc., Abbott Laboratories, Dolomite Microfluidics, Siemens, Fluidigm, CEPHEID, F. HOFFMANN-LA ROCHE AG, RainDance Technologies, Inc., Elveflow, Perkinelmer Inc., BIO-RAD LABORATORIES, INC., and BioMérieux.

COVID 19 Impacts

The global Microfluidics Device Market has been significantly impacted by the COVID-19 pandemic, resulting in both positive and negative effects. The market experienced a surge in demand for microfluidic devices, especially diagnostic devices, due to the urgent need for rapid and accurate testing during the pandemic. The development of microfluidic-based diagnostic tools for COVID-19 testing played a vital role in managing and controlling the spread of the disease.

However, the pandemic has also had negative impacts on the microfluidics market, such as supply chain disruptions, workforce shortages, and reduced funding for research and development activities. Manufacturing facilities shutting down, as well as trade and transportation restrictions, led to product delivery delays that hindered the market’s growth

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Macroeconomic Indicators

4.5 Trends & Assessment

5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Investment Opportunities

6 Microfluidics Devices Market, By Industry

6.1 Introduction

6.2 In-Vitro Diagnostics

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.3 Pharmaceutical

6.3.1 Chips For Lab Analytics

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.3.2 Accurate Dispensing Devices

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.3.3 Micro-Reactors For Drug Synthesis

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.4 Medical Devices

6.4.1 Micro Pumps And Dispensing System

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.4.2 Inhalers

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.4.3 Micro-Needles

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.4.4 Others

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

6.5 Others

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

7 Microfluidics Devices Market, By Material

7.1 Introduction

7.2 Polymer

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

7.3 Glass

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

7.4 Silicon

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

7.5 Others

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8 Microfluidics Devices Market, By Application

8.1 Introduction

8.2 Pharmaceutical And Life Science Research

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8.3 Clinical And Veterinary Diagnostics

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8.4 Point Of Care Diagnostics

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8.5 Analytical Devices

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8.6 Drug Delivery

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8.7 Environmental And Industrial

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

8.8 Others

Market Estimates & Forecast, By Region, 2017–2027

Market Estimates & Forecast, By Country, 2017–2027

9 Global Microfluidics Devices Market, By Region

9.1 Introduction

9.2 Americas

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.2.1 North America

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.2.1.1 US

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.2.1.2 Canada

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.2.2 South America

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3 Europe

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1 Western Europe

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1.1 Germany

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1.2 France

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1.3 Italy

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1.4 Spain

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1.5 UK

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.1.6 Rest Of Western Europe

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.3.2 Eastern Europe

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4 Asia-Pacific

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4.1 Japan

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4.2 China

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4.3 India

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4.4 Australia

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4.5 South Korea

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.4.6 Rest Of Asia-Pacific

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.5 Middle East & Africa

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.5.1 Middle East

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

9.5.2 Africa

Microfluidics Devices Market, By Industry

Microfluidics Devices Market, By Material

Microfluidics Devices Market, By Application

10 Company Landscape

10.1 Introduction

10.2 Market Share Analysis

10.3 Key Development & Strategies

11 Company Profiles

11.1 Abbott Laboratories

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.2 F. HOFFMANN-LA ROCHE AG

11.2.1 Company Overview

11.2.2 Product Overview

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.3 Agilent Technologies, Inc.

11.3.1 Company Overview

11.3.2 Product Overview

11.3.3 Financial Overview

11.3.4 Key Development

11.3.5 SWOT Analysis

11.4 Siemens

11.4.1 Company Overview

11.4.2 Product Overview

11.4.3 Financial Overview

11.4.4 Key Development

11.4.5 SWOT Analysis

11.5 Fluidigm

11.5.1 Company Overview

11.5.2 Product Overview

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.6 BIO-RAD LABORATORIES, INC.

11.6.1 Company Overview

11.6.2 Product Overview

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.7 CEPHEID

11.7.1 Overview

11.7.2 Product Overview

11.7.3 Financials

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.8 RainDance Technologies, Inc.

11.8.1 Overview

11.8.2 Product Overview

11.8.3 Financials

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.9 Dolomite Microfluidics

11.9.1 Overview

11.9.2 Product Overview

11.9.3 Financials

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.10 Micronit Microtechnologies

11.10.1 Overview

11.10.2 Product Overview

11.10.3 Financials

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.11 Johnson & Johnson Services, Inc.

11.11.1 Overview

11.11.2 Product Overview

11.11.3 Financials

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.12 BD

11.12.1 Overview

11.12.2 Product Overview

11.12.3 Financials

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.13 Elveflow

11.13.1 Overview

11.13.2 Product Overview

11.13.3 Financials

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.14 Perkinelmer Inc.

11.14.1 Overview

11.14.2 Product Overview

11.14.3 Financials

11.14.4 Key Developments

11.14.5 SWOT Analysis

11.15 Thermo Fisher Scientific Inc.

11.15.1 Overview

11.15.2 Product Overview

11.15.3 Financials

11.15.4 Key Developments

11.15.5 SWOT Analysis

11.16 BioMérieux

11.16.1 Overview

11.16.2 Product Overview

11.16.3 Financials

11.16.4 Key Developments

11.16.5 SWOT Analysis

11.17 Others

12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEO’s Viewpoint

12.1.2 Unmet Needs Of The Market

12.2 Key Companies To Watch

12.3 Predictions For The Global Microfluidics Devices Market

13 Appendix

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Companies Mentioned

Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Micronit Microtechnologies, Johnson & Johnson Services, Inc., Abbott Laboratories, Dolomite Microfluidics, Siemens, Fluidigm, CEPHEID, F. HOFFMANN-LA ROCHE AG, RainDance Technologies, Inc., Elveflow, Perkinelmer Inc., BIO-RAD LABORATORIES, INC., and BioMérieux.