Microfluidics Market By Application (Medical/Healthcare, Non-Medical) , By Material (Silicone, Glass, Polymer, PDMS, Others) By Technology (Lab-On-A-Chip, Organs-On-Chips, Continuous Flow Microfluidics, Optofluidics & Microfluidics, Acoustofluidics & Microfluidics, Electrophoresis & Microfluidics) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Microfluidics Market Expected to Garner $77.5 Billion by 2033, Growing at a CAGR of 13.7%
The global microfluidics market is expected to grow primarily due to the growing demand for point-of-care diagnostics and adoption in biomedical research, diagnostics, & drug delivery. The Asia-Pacific region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global microfluidics market was valued at $23.2 billion in 2023 and is expected to register a revenue of $77.5 billion by 2033 at a CAGR of 13.7% during the forecast period 2024-2033.
Dynamics of the MarketThe increasing need for point of care diagnostics and the rising adoption in biomedical research, diagnostics, & drug delivery are expected to make the microfluidics market a highly profitable one in the forecast period. Besides, the growth in the wearable device industry is expected to drive market growth.
However, according to market analysts, the stringent regulatory requirements and the high initial costs associated with microfluidic devices might restrain the growth of the market.
Advanced technologies for microfluidic system design & manufacturing and the development of new products & device miniaturization are predicted to offer numerous growth opportunities for the microfluidics market in the forecast period. Moreover, the growing utilization of 3D printing technologies for rapid prototyping & customization of microfluidic devices is expected to boost the market forward in the coming years.
Key Players of the MarketThe major players of the microfluidics market include Illumina, Inc., F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, Standard BioTools, Abbott, and Danaher Corporation.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy ApplicationMedical/Healthcare
Non-Medical
By MaterialSilicone
Glass
Polymer
PDMS
Others
By TechnologyLab-On-A-Chip
Organs-On-Chips
Continuous Flow Microfluidics
Optofluidics Microfluidics
Acoustofluidics Microfluidics
Electrophoresis Microfluidics
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersIllumina, Inc.
Bio-Rad Laboratories, Inc.
F. Hoffmann-La Roche Ltd
PerkinElmer, Inc.
Thermo Fisher Scientific Inc.
Agilent Technologies, Inc.
Standard BioTools
Danaher Corporation
Abbott
bioMerieux