The microfluidics technology market is forecasted to grow by USD 31474.9 mn during 2023-2028, accelerating at a CAGR of 20.28% during the forecast period. The report on the microfluidics technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing applications in molecular biology, advances in DNA sequencing increases use of microfluidic techniques, and rise in cancer incidences demands novel methods of diagnosis and drug delivery.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
17.17%
CAGR
20.28%
Incremental Value
$31474.9 mn
Technavio's microfluidics technology market is segmented as below:
By Material
Polymer-based microfluidics
Glass-based microfluidics
Silicon-based microfluidics
Others
By End-user
Hospitals
Diagnostic centers
Academic institutes
By Geographical Landscape
North America
Europe
Asia
Rest of World (ROW)
This study identifies the growing use of microfluidics technology in cosmetics as one of the prime reasons driving the microfluidics technology market growth during the next few years. Also, emerging loc technology and increasing applications of microfluidics in drug delivery technologies will lead to sizable demand in the market.
The report on the microfluidics technology market covers the following areas:
Microfluidics technology market sizing
Microfluidics technology market forecast
Microfluidics technology market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microfluidics technology market vendors that include Agilent Technologies Inc., Becton Dickinson and Co., Bio RAD Laboratories Inc., Biocartis NV, BioFluidix GmbH, Blacktrace Holdings Ltd., Cellix Ltd., Danaher Corp., Elveflow, Epigem Ltd., F. Hoffmann La Roche Ltd., Fluigent SA, iBiochips, IDEX Corp., Illumina Inc., Perkin Elmer Inc., QIAGEN NV, SMC Corp., Standard BioTools Inc., and Thermo Fisher Scientific Inc.. Also, the microfluidics technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The company presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Material
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Microfluidics Technology Market 2018 - 2022
Historic Market Size - Data Table on Global Microfluidics Technology Market 2018 - 2022 ($ million)