Microfluidics is the science of manipulating and controlling fluids inside micrometer-size channels. The application of microfluidics ranges from diagnostics to the pharmaceutical research. Microfluidics is gaining high acceptance in the healthcare application due to rise in demand for point-of-care testing (POCT) and in-vitro diagnostics.
The report titled “Global Microfluidics Market- Growth, Future Prospects and Competitive Analysis, 2017–2025” offers strategic insights into the overall microfluidics market along with the market size and estimates for the duration 2017 to 2025. The research study covers in-depth analysis of market segments based on application, material type and different geographical region.
Market size and forecast for these regional and country level markets are presented in this study for the period 2015-2025. Market growth rates for the forecast period 2015-2025 are also included in this report, considering 2016 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global microfluidics market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global microfluidics market. This report concludes with company profiles section that highlights major information about the key players engaged in global microfluidics market. In-depth competitive environment analysis and historical years (2015) market size data are also provided in the report.
Thus, the research study provides a holistic view of the global microfluidics market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above-mentioned factors.
Based on the type of application, the microfluidics market is segmented into:
Microfluidics is the science of manipulating and controlling fluids inside micrometer-size channels. The application of microfluidics ranges from diagnostics to the pharmaceutical research. Microfluidics is gaining high acceptance in the healthcare application due to rise in demand for point-of-care testing (POCT) and in-vitro diagnostics. On the basis of application, the global microfluidics market is majorly segmented into pharmaceutical research and in-vitro diagnostics. The pharmaceutical research segment is further sub-segmented into proteomic analysis, genomic analysis, cell-based assays and drug delivery. The in-vitro diagnostic segment is further categorized into point-of-care testing, clinical diagnostics, environmental testing and industrial testing. The in-vitro diagnostics held the largest share in the microfluidics market due to rising demand for POCT due to introduction of easy step diagnostic techniques by the companies such as Roche Diagnostics, Abbott, Cephied and others. POCT is further anticipated to grow at a fastest growth rate to rising incidences of chronic and infectious diseases and emerging technologies in the field.
For the purpose of this study, the global microfluidic market is categorized into regional markets viz., North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. In the base year 2016, North America dominated the global microfluidic market, followed by Europe and then Asia-Pacific. The largest share of North America can be attributed to supportive insurance schemes for laboratory testing procedure, incidence rate of various infectious diseases, sufficient reimbursements for medical devices, and presence of well-structured distribution channels in the region. Moreover, rising preference of point of care (POC) testing in the region is further driving the microfluidic market in North America. In addition, the rising demand for home healthcare services and increasing application of self-administered transdermal microneedles would further fuel the growth of microfluidics market. Asia Pacific is the fastest growing region for the microfluidic due to the improving research infrastructure, heavy investments from key players in the region and low cost of labor. In addition the surge in the number of private hospitals and stand-alone clinics in the region would further guide the microfluidic market in the region.
Based on the type of material, the microfluidics market is segmented into:
Microfluidics is the science of manipulating and controlling fluids inside micrometer-size channels. The technology has evolved from Microelectromechanical Systems (MEMS) devices and can replicate all the functions of its counterparts in various healthcare applications, such as drug delivery, point-of-care (POC) testing, and clinical diagnostics. The global microfluidic market on the basis of material has been segmented into polymer-based microfluidics, glass-based microfluidics, silicon-based microfluidics, and others. Polymer-based microfluidics held the largest market in 2016 due to higher reliability, and rising application in different diagnostic areas such as membrane protein measurement, collect tumor cells and others. Silicon-based material is expected to grow at the highest rate during the forecast period due to increasing introduction of point of care (POC) testing. Moreover, its is easy to handle and is more cost effective.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Microfluidics market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Material
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
