Global Microfluidics Market to Grow at a (CAGR) of 15.8% during the Forecast Period 2022-2030

Nov-2022 | Pharmaceuticals & Healthcare

As specified in our exclusive report, the global  Microfluidics Market is projected to reach USD 61 billion by 2030.

The growth in demand for point-of-care (POC) devices is expected to majorly drive the market size in the coming years. Simultaneously demand low-volume sample analysis, in vitro diagnostics (IVD), demand for high-throughput screening methods, and the development of advanced lab-on-a-chip technologies are expected to drive the market growth of microfluidics in the analysis time frame.

Other major factors driving the growth of the microfluidics market include the growth of microfluidics technology and equipment in point-of-care diagnostics, increasing technological advancements in diagnostic devices, and rising incidence of chronic diseases worldwide.

PDMS is a majorly used polymer in rapid prototyping microfluidic devices. They are widely used by the academic community due to their low cost as well as ease of manufacture. On the other hand, these polymers are hydrophobic which makes it difficult for microchannels to conduct in aqueous solutions. To tackle this issue, new PDMS surface modifications are offered to address the challenges due to hydrophobicity.

Recent Development:

March 2022: Miroculus announced to launch of a compact and easy-to-use digital microfluidics platform Miro Canvas, which is to automate complex Next-Generation Sequencing (NGS) sample preparation protocols.

May 2022: Xidas, a startup that provides the world's most integrated microfluidics solutions, began shipping review prototypes of its smart, microfluidic in-line pressure sensor with near-zero dead volume.

Which Region Holds the Largest Share?

In 2021, North America holds the largest share of the global microfluidics market, followed by Asia Pacific, Europe, and Latin America. The market in North America is characterized by rising investment for the development of lab-on-a-chip systems, increasing demand for PoC testing, high-quality research equipment, growing academic and government investment in genomics and proteomics research, and increasing demand for high-quality research equipment. Stakeholders focus on data reproducibility, increasing incidence of chronic diseases, availability of insurance coverage for laboratory testing procedures, adequate reimbursement for medical equipment, and research projects involving related biomolecules, genes, and proteins.

Some of the key players in the microfluidics market are:

Danaher Corporation, Agilent Technologies, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, PerkinElmer Inc., Illumina, Inc., Fluidigm Microfluidics, Becton, Dickinson and Company, F. Hoffmann-La Roche, Abbott Laboratories, Fluigent SA, Idex Corporation, Qiagen, Parker-Hannifin Corporation, Camozzi Automation Spa Società Unipersonale, Aignep S.P.A., SMC Corporation, Gems Sensors and Control, Dolomite Microfluidics, Cellix Ltd.,  Elveflow,  MicroLiquid, Microfluidic ChipShop, Micronit Microtechnologies, and others

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