Microfluidics technology refers to operating and controlling liquids within flow channels. This technology is specifically used for designing of systems and development of solutions. The market is valued at $8.30 billion in 2017 and is estimated to reach $28.54 billion by the end of 2024 and is growing with CAGR of 22.74%. The market is driven by factors like fast return on investments and greater profit margins, growing interest of market players in discovering various types of polymers and faster testing and improved portability through microfluidic chip miniaturisation. Whereas the factors including complex and time-consuming regulatory approval process, standardisation/ commercialisation of microfluidic devices and incorporation of microfluidics technology into existing workflows are restraining the market growth.
Research Study Objectives:
- Define, estimate, and forecast the Microfluidics market statistics by component, application and regions concerning the individual growth drivers, market trends and their contribution toward the Microfluidics market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Microfluidics Market Analysis
- Analysis and conclusions on the future Microfluidics market
Top-down and bottom-up approaches are used to validate the Microfluidics Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly
validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Microfluidics Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Microfluidics Market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Microfluidics market segmentation is as follows:
By Component
- Microfluidic Components Market, By Type
- Microfluidic Sensors
- Microfluidic Chips
- Microneedles
- Micropumps
- Others
- Microfluidic Components Market, By Material
- Silicon
- Glass
- Polymer
- Others
By Application
- Pharmaceutical and Life Science Research
- Lab Analytics
- Genomic Analysis
- Proteomic Analysis
- Capillary Electrophoresis
- Cell-Based Assays
- Microreaction
- Microdispensing
- In Vitro Diagnostics
- Clinical Diagnostics
- Point-Of-Care Testing
- Drug Delivery
- Laboratory Testing
- Environmental Testing
- Industrial Testing
- Agro Food Testing
Geographical Analysis:
Microfluidics Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In
the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Microfluidics Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Microfluidics Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Microfluidics market players, such as
- Hoffmann-La Roche
- Agilent Technologies
- Becton, Dickinson and Company
- Thermo Fisher Scientific
- Bio-Rad Laboratories
- Along with these companies, many other companies are considered in the report while analysing the Global Microfluidics market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
