Global Microfluidic Components
Market Report
2024
The global Microfluidic Components market was valued at USD 3.14 billion in 2022 and is projected to reach USD 8.05 billion by 2030, registering a CAGR of 12.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Microfluidic Components market was valued at USD 3.14 billion in 2022 and is projected to reach USD 8.05 billion by 2030, registering a CAGR of 12.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Microfluidic Components Market Sales Revenue 2022 | $ 3.14 |
Global Microfluidic Components Market Sales Revenue 2030 | $ 8.05 |
Global Microfluidic Components Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
Market Split by Product |
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Market Split by Application |
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Market Split by Technology |
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Market Split by Material |
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Market Split by Industry |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Microfluidic Components Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Microfluidic devices have a palm-sized chip with extremely small channels and reaction chambers that can be used to find antibodies to viruses. The chip mixes and separates liquid samples using electrokinetic, capillary, vacuum, and other forces. Paper, glass, or poly dimethyl sulfoxide are the materials used to make these chips. Due to its utilisation of tiny sample volumes, quick detection capabilities, and transportability, microfluidics is advantageous. Devices used in point-of-care systems when a patient sample, such as serum, enters a microfluidic chamber and must react with reagents, such as antibodies or enzymes.
A number of well-established and up-and-coming manufacturers compete intensely for market share in the global microfluidic components market. In order to meet the changing needs of end customers, businesses that manufacture and supply microfluidic components work hard to create innovative goods with improved features and performance.
Miniaturised and portable devices are increasingly in demand across a range of sectors, including healthcare, diagnostics, and environmental monitoring. Compact and portable analytical systems can be created using microfluidic components, which has advantages including less sample and reagent usage, quicker analysis, and point-of-care testing. The need for microfluidic components is driven by the demand for mobile and portable solutions. The capacity to integrate analytical biosensors into the culture platform, integrating living cells with sensors for the detection of cellular physiological parameters, is a benefit of microfluidic cell culture.
Point-of-care diagnostics are medical procedures that are carried out on or close to the patient and yield immediate findings. The creation of portable, quick diagnostic tools that can be employed in distant or resource-constrained environments is greatly aided by microfluidic components. The demand for point-of-care diagnostics is rising due to factors such as the requirement for early illness identification, monitoring, and quick reaction in emergency situations.
There has been an increase in investment and expenses on the research and development in the pharmaceutical and biotechnology industries. With benefits including high throughput, automation, and lower costs, microfluidic components are appealing for applications like drug development, cell research, and precision medicine. The market for microfluidic components is expanding as a result of investments made in and attention given to these industries.
The devices used for measurement where personal or minute interaction is needed, the components may provide unreliable findings. The use of different materials, including plastics, adhesives, and others, can significantly change the working of assays.
Despite the benefits of microfluidic components, potential end users might not be aware of or understand them. The need for training and knowledge in microfluidic technology, resistance to changing from conventional practices, and the perception of large upfront expenses can all be adoption barriers. For the market to expand, end customers must be informed and made aware of the advantages and prospective uses of microfluidic components.
The lack of standardised design and manufacturing practices in the market for microfluidic components might make it difficult for various components and systems to work together. Due to the absence of standardisation, it is difficult for end users to integrate diverse components from multiple manufacturers, which restricts flexibility and use.
Genomic analysis has been transformed by the development of next-generation sequencing (NGS) and digital PCR (dPCR) technologies that allow for the rapid, precise, and high-throughput identification of genetic variants and mutations. In dPCR and NGS platforms, sample preparation, library preparation, and nucleic acid amplification make heavy use of microfluidic components. The demand for greater sensitivity, lower prices, and more efficient procedures is what motivates the introduction of microfluidic components in dPCR and NGS workflows.
Microfluidics have been integrated with other technologies to improve the efficiency and functionality of the applications. The visualisations and analytics of the processes carried on by the microfluidics can be studied using these tools like microscopy and spectroscopy. The potential of the microfluidic system is increased in the stratified medicine, the delivery of medicine etc. by combining microfluidics with the modern or innovative technology like nanoparticles, biosensors and molecular biology techniques.
Innovative technique known as "Organ-on-a-Chip" duplicates the features and composition of human organs on microfluidic chips. Compared to conventional in vitro and animal experiments, these chips make it possible to study organ-level physiology, disease models, and medication responses in a more precise and regulated manner. The need for microfluidic components designed for organ-on-a-chip applications is rising as the organ-on-a-chip technology gains acceptance in pharmaceutical research, toxicological testing, and personalized medicine.
The pandemic has a significant impact on the microfluidic components market. Microfluidic technology-based rapid diagnostics, point-of-care diagnostics, and IVD devices for drug discovery and COVID-19 testing were in high demand. Many companies targeted the diagnosis for covid-19 by rapid antigen testing based on microfluidics technology. There was an increase in demand for microfluidics kits as the number of fast diagnostic tests, point-of-care testing, and IVD devices grew, ensuring the accuracy and precision of patients' sample results. Many large organisations initiated the fast and responsive production and creation of these components during the pandemic adhering to the protocols set by the government with respect to the covid-19 pandemic.
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June 2021- New Biomark X microfluidics platform is released by Fluidigm.The product launch brings in numerous applications for faster response.
The launch of the product called Biomark X by the Fluidigm Corporation, a producer of biotechnology tools with a mission to enhance life via thorough health understanding. It is a product or a platform which will provide greater efficiency and better feasibility of the microfluidic components by providing a wide range of applications for development of custom assays. It is a versatile platform that will inculcate all the characteristics and will simplify the work flow in a single component or a single platform.
Top Companies Market Share in Microfluidic Components Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Microfluidic Components Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Microfluidic Components Industry growth. Microfluidic Components market has been segmented with the help of its Product, Application Technology, and others. Microfluidic Components market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Microfluidic Components market.
Product of Microfluidic Components analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Microfluidic Components Industry. Request a Free Sample PDF!
DNA probes can be rapidly sequenced due to the lab-on-a-chip. The lab-on-chip performs high-speed temperature shifts at the microscale level since DNA amplification using the PCR process depends on thermal cycles. Rapid DNA probe sequencing is possible with the lab-on-a-chip. The lab-on-chip performs high-speed temperature shifts at the microscale level because the PCR technique's DNA amplification relies on thermal cycles. The organ on chip will grow at an increasing rate due the enhancement and procurement of innovative technologies that have a perceived ease of use and better results. The development of human tissue chips that offer precise replicas of human organs has made this possible. Between research discoveries and clinical trials, NCATS seeks to significantly lessen obstacles while ensuring that attention is paid to high-need treatments. The dependence of this chip on the point of care and other devices has increased due to its working and fast response time. It is a small and portable chip which is easy to use and has a high level of accuracy of the results or the data provided by these chips.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Microfluidic Components market report 2024 Edition by contacting our team.
In 2022, North America being a developed country and having a proper hold on the research and development, holds the highest share in the microfluidic market. The growing number of research institutions and increase in investments in the healthcare and pharmaceuticals industry, increased government funding, the country is growing its microfluidic market. The increase in chronic diseases and aging population the use of microfluidic components is increasing. The countries moving towards digitalisation and accurate data systems, in terms of technology, North America has an advantage. The chip has extraordinary characteristics that provide the same rapid response technology that the general population has been heading towards.
Healthcare is both the fastest-growing sector globally and in the United States. Healthcare occupation employment is projected to increase by at least 10% -15% thus the microfluidic component market is growing in this region due to the awareness and adaptability.
The current report Scope analyzes Microfluidic Components Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Microfluidic Components Market is witnessing significant growth in the near future.
In 2023, the Flow and Pressure Sensors segment accounted for noticeable share of global Microfluidic Components Market and is projected to experience significant growth in the near future.
The In Vitro diagnostics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Parker Hannifin Corporation; SMC Corporation; Staiger; The Lee Company; Fluigent; Cellix Ltd; Elveflow; Dolomite Microfluidics; IDEX Corporation; Camozzi Automation Spa Societä Unipersonale., and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Product | Flow and Pressure Sensors, Flow and Pressure Controllers, Micropumps, Valves, Nozzles, Microneedles, Other Components |
Application | In Vitro diagnostics, Point-of-Care Testing, Clinical Diagnostics, Pharmaceutical Research, Lab Analytics, Microdispensing, Microreaction, Drug Delivery, Laboratory Testing, Analytical Testing, High Throughput Screening |
Technology | Medical/Healthcare, Non-Medical |
Material | Silicon, Glass, Polymer, PDMS, Others |
Industry | Healthcare, Aerospace & Defense, Consumer Electronics, Automotive, Oil & Gas, Others |
End User | Hospitals & Diagnostic Centres, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies |
List of Competitors | Parker Hannifin Corporation; SMC Corporation; Staiger; The Lee Company; Fluigent; Cellix Ltd; Elveflow; Dolomite Microfluidics; IDEX Corporation; Camozzi Automation Spa Societä Unipersonale. |
This chapter will help you gain GLOBAL Market Analysis of Microfluidic Components. Further deep in this chapter, you will be able to review Global Microfluidic Components Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Microfluidic Components Market Trends North America Microfluidic Components Technological Road Map North America Microfluidic Components Market Drivers North America Microfluidic Components Market Restraints North America Microfluidic Components Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Material Analysis 2019 -2031
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Chapter 14 Market Split by Industry Analysis 2019 -2031
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Chapter 15 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Microfluidic Components market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Flow and Pressure Sensors have a significant impact on Microfluidic Components market? |
What are the key factors affecting the Flow and Pressure Sensors and Flow and Pressure Controllers of Microfluidic Components Market? |
What is the CAGR/Growth Rate of In Vitro diagnostics during the forecast period? |
By type, which segment accounted for largest share of the global Microfluidic Components Market? |
Which region is expected to dominate the global Microfluidic Components Market within the forecast period? |
Segmentation Level Customization |
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