Global Microfluidics Market – Snapshot

Set to grow at a double digit growth rate, compounded annually, the global microfluidics market will be a hotbed of growth opportunities for market players between 2017 and 2025. And, as per experts, the growth propellers over the period include high incidence of chronic diseases, easy to carry and use device, growing need for point of care testing and a faster timeline for analysis completion.

Besides, rising geriatric population will help the global microfluidics market onto a higher trajectory over the forecast period. This demographic – aged 60 and over – will see an increase in numbers from 900 million to 2 billion from 2015 to 2050.

The global microfluidics market has a large number of players in the vendor landscape, making it a fragmented landscape. Also, the presence of a large number of players makes the competition intense. Companies that hold a substantial share in the global microfluidics market include Danaher Corporation, PerkinElmer Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., and Thermo Fisher Scientific Inc.

Most players are try to gain a larger market share by making use of technology. And, it is not surprising considering that product innovation would be at the heart of growth in the market landscape over the forecast period. Additionally, innovation at affordable prices will be key to growth.

microfluidics market

In-vitro Diagnostics to Dominate the Application Segment in the Global Microfluidics Market Report, over the Forecast Period

Basis application, the global microfluidics market report is sub-divided into biotech and pharmaceutical research, drug delivery, peripheral vascular diseases, in-vitro diagnostics, and wound care management. Here, in-vitro will lead the segment owing to rising demand for pregnancy kits and associated devices and instruments.

The report is further segmented by end users, materials, and products. By end-users, it is sub-segmented into diagnostic labs, academic research, home care settings, and hospitals. And, by materials, the segmentation is as follows – polymer-based and glass based.

On the basis of product, the sub segments are reagents and cartridges, instrument, and chips. Cartridges and Reagents will dominate the segment over the forecast period growing acceptance for industries and laboratories for associated products.

North America to Hold Prominent Place in the Regional Segmentation of Global Microfluidics Market

The global microfluidics market reports, prepared by Transparency Market Research (TMR), is segmented region wise as follows – Europe, North America, Latin America, Asia Pacific (APAC), and Middle East and Africa.

A well-established health care system is at the core of North America’s regional highlights. Combine it with a robust framework for reimbursement and one witnesses a dominant region emerging as far as microfluidics is concerned. Some credit in making North America a dominant region in the microfluidics market over the forecast period also goes to higher adoption of new therapeutics. Additionally, the region is seeing early greying in terms of age with one in every four people set to be aged 65 and above by 2050. The same ratio of geriatrics to the rest of the population would be followed by Europe.

It is also worth noting here that in the United States of America, focus on Research and Development (R&D) is sharp and point of care diagnostics and molecular diagnostics are widespread. And, this bodes well for the region in the years to come.

Global Microfluidics Market: Overview

This report on microfluidic market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various microfluidics instrument and products as well as new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered within the scope of the study. This section also provides the overall information and data analysis of the global microfluidics market with respect to the leading market segments based on major products, applications, key materials utilized, end-users, and geographies.

Global Microfluidics Market: Segmentation Analysis

The global microfluidics market has been studied based on major product segments, application segments, material segments, their end-users, and regional as well as national markets. Based on product type, the global market has been categorized into three major 4 segments: instruments, microfluidic chip, cartridges & reagents and others. On the basis of applications the microfluidics market is classified as peripheral vascular diseases, Wound care management, pharmaceutical & biotech Research, Invitro Diagnostics (IVD), Drug Delivery and Others. On the basis of material the segment has been classified in to Polymer based, Glass based and others. On the basis of end users the market has been classified as hospitals, diagnostic Lab, academics & research institutes, homecare settings and others.

The market for these segments has been extensively analyzed based on their utility, effectiveness, sales, and geographic presence. Market revenue in terms of US$ Mn and market volume in terms of units for the period from 2016 to 2025 along with the compound annual growth rate (CAGR %) from 2016 to 2025 are provided for all segments, considering 2016 as the base year.

Global Microfluidics Market: Scope of the Report

The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the global microfluidics market and could influence the market in the near future. Market attractiveness analysis has been provided in all the sections of the report in order to explain the intensity of competition in the market across different products/materials/applications/end-users/geographies. The competitive scenario among different market players is evaluated through market share analysis in the competition landscape section of the report. The section also includes completion matrix that analyzes the competition among some of the top global players operating in the market. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global market.

Global Microfluidics Market: Regional Outlook

Geographically, the microfluidics market has been segmented into five regions: North America, Europe, Asia Pacific, Europe, Middle East & Africa (MEA), and Latin America. Each regional market for microfluidics has been further categorized into major product, applications, material, and end-user segments considered within the scope of the study. Key country (U.S., Canada, Japan, Germany, France, U.K., Australia, Canada, China, Brazil, Mexico, India, etc.) market revenues have also been provided in different regional sections within the report. Market revenue in terms of US$ Mn and volume in terms of units for the period from 2015 to 2025 along with CAGR % from 2016 to 2025 are provided for all the regions and nations considering 2016 as the base year.

Key Players Mentioned in this Report are:

The report also profiles key players operating in the microfluidics market based on various attributes such as company details, SWOT analysis, strategic overview, financials, and business overview. Major players profiled in this report include Danaher Corporation, PerkinElmer, Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc, Thermo Fisher Scientific, Inc, RainDance Technologies, Inc., and F. Hoffmann La-Roche Ltd.

The global microfluidics market has been segmented as follows:

by Product Type

  • Microfluidic Chip
  • Instruments
  • Cartridges & Reagents
  • Others

by Application

  • Peripheral Vascular Diseases
  • Wound Care Management
  • Pharmaceutical & Biotech Research
  • In vitro Diagnostics
  • Drug Delivery
  • Others

by Material

  • Polymer based
  • Glass based
  • Others

by End-user

  • Hospitals
  • Academic & Research Institute
  • Diagnostic Lab
  • Homecare settings
  • Others

by Geography

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Australia
    • India
    • Rest of Europe
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

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