Microfluidics Market Analysis by Product (Microfluidic Components, Microfluidic-Based Devices), by Application (In Vitro Diagnostics, Therapeutics), by End User (Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies), and by Region - Forecast to 2029

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The global microfluidics market size is estimated to be USD 14.91 billion in 2021 and is expected to witness a CAGR of 18.79% during the forecast period. Rising demand for point-of-care testing is a key driver for the growth of the global microfluidics market. Additionally, technological advancements in the global microfluidics market, increasing focus on data precision and accuracy for arriving at better results are some of the other drivers propelling the market growth. Nevertheless, complex and time-consuming regulatory approval process, incorporation of microfluidics into existing workflows, and standardization/commercialization of microfluidic devices are expected to restrain the global market growth.

Global Microfluidics Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Product

Based on product, the market is segmented into microfluidic-based devices and microfluidic components. In 2021, the microfluidic-based devices segment accounted for the substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to the growing adoption of microfluidic devices as they offer various advantages such as rapid testing and low sample and reagent consumption worldwide. Microfluidic components tools segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to extensive application of these components in the discovery of a range of medical conditions such as cancer and other infectious diseases.

By Application

Based on application, the market is segmented into in-vitro diagnostics, pharmaceutical, life science research & manufacturing, and therapeutics. In 2021, the in-vitro diagnostics segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to the growing adoption of microfluidic techniques in laboratory analytical testing and point-of-care testing, growing demand for point-of-care testing, increasing need for miniaturized and portable diagnostic equipment, and rise in incidence of chronic diseases worldwide. Pharmaceutical segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to availability of advanced treatments across various domains including oncology, autoimmune, and diabetes.

By End User

Based on end user, the market is segmented into hospitals and diagnostic centers and pharmaceutical and biotechnology companies. In 2021, the hospitals and diagnostic centers segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to the growing use of microfluidic techniques for the rapid diagnosis of various chronic diseases, technological advancements, and inherent advantages of microfluidics technology. Pharmaceutical and biotechnology companies segment is anticipated to grow at a profitable CAGR during the forecast period. This is attributed to use of artificial intelligence by various companies for collecting and analyzing the data for achieving accurate and faster results.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed with the increase in demand for PoC testing, increasing incidence of chronic diseases, and growing academic & government investments in genomics & proteomics research. Asia Pacific market is expected to grow at the fastest CAGR over the forecast period owing to the rising demand for high-quality research tools for data reproducibility, increasing focus of stakeholders on research projects in this region due to less stringent regulations, and availability of cheaper labor in the region.

Competitor Insights

Some of the major companies in the microfluidics market are Danaher Corporation (U.S.); Thermo Fisher Scientific (U.S.); PerkinElmer, Inc. (US.); Agilent Technologies (U.S.); Bio-Rad Laboratories, Inc. (U.S.); Becton, Dickinson and Company (U.S.); F. Hoffmann-La Roche (Switzerland); Illumina, Inc. (U.S.); Fluidigm Microfluidics (U.S.); Abbott Laboratories (U.S.); QIAGEN (Netherlands); and Parker-Hannifin Corporation (U.S.). Investment in R&D, novel product launches, and strategic collaborations & acquisitions are some of the major strategies adopted by the leading players operating in the industry.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The microfluidics market report is categorized into the following segments and subsegments:

Microfluidics Market, By Product (Revenue, 2021-2029, USD Billion)

  • Microfluidic Components
    • Flow and Pressure Controllers
    • Flow and Pressure Sensors
    • Micropumps
    • Microfluidic Valves
    • Microneedles
    • Other components
  • Microfluidic-Based Devices

Microfluidics Market, By Application (Revenue, 2021-2029, USD Billion)

  • Pharmaceutical and Life Science Research and Manufacturing
    • Microdispensing
    • Lab Analytics
    • Microreaction
  • In Vitro Diagnostics
    • Clinical Diagnostics
    • Point-of-care Testing
    • Veterinary Diagnostics
  • Therapeutics
    • Drug Delivery
    • Wearable Devices

Microfluidics Market, By End User (Revenue, 2021-2029, USD Billion)

  • Hospitals and Diagnostic Centers
    • Academic and Research Institutes
  • Pharmaceutical and Biotechnology Companies

Microfluidics Market, By Region (Revenue, 2021-2029, USD Billion)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Microfluidics Market Report:

Key Parameters Details
Base Year
  • 2021
Forecast Period
  • 2022-2029
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • Value-chain analysis
  • COVID-19 impact analysis
Regional Market Scope
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 15 players
  • 50+ other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Table of Contents: Microfluidics Market 2021-2029

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Assumptions
    4. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Procurement
        1. Internal Database
        2. Secondary Research
        3. Purchased Database
        4. Primary Research
      3. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
      4. Quality Assessment
  1. Introduction: Microfluidics
  2. Executive Summary
    1. Global Market Scenario
    2. Segment Market Scenario
    3. Geographic Market Scenario
    4. COVID-19 Impact
    5. Competitive Landscape
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. Value Chain Analysis
    4. SWOT Analysis
    5. Benchmark
  2. COVID-19 Impact Analysis: Microfluidics Market
    1. COVID-19: Overview
    2. COVID-19 Impact on the Global Market
    3. COVID-19 Impact on the Regional Markets
  3. Market Analysis by Product
    1. Microfluidic Components
      1. Microfluidic Components Market Forecast, 2021-2029 (USD Million)
    2. Microfluidic-Based Devices
      1. Microfluidic-Based Devices Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Application
    1. Pharmaceutical and Life Science Research and Manufacturing
      1. Pharmaceutical and Life Science Research and Manufacturing
    2. In Vitro Diagnostics
      1. In Vitro Diagnostics Market Forecast, 2021-2029 (USD Million)
    3. Therapeutics
      1. Therapeutics Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by End User
    1. Pharmaceutical & Biotechnology Companies
      1. Pharmaceutical & Biotechnology Companies Market Forecast, 2021-2029 (USD Million)
    2. Hospitals & Diagnostic Centres
      1. Hospitals & Diagnostic Centres Market Forecast, 2021-2029 (USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
    2. Regional Market: Comparative Analysis
  2. North America Microfluidics Market
    1. North America Microfluidics Market
      1. North America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
      2. S. Microfluidics Market
        1. S. Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
        2. Canada Microfluidics Market
          1. Canada Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
  1. Europe Microfluidics Market
    1. Europe Microfluidics Market
      1. Europe Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
      2. Germany Microfluidics Market
        1. Germany Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
        2. UK Microfluidics Market
          1. UK Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
          2. France Microfluidics Market
            1. France Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
            2. Spain Microfluidics Market
              1. Spain Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
              2. Italy Microfluidics Market
                1. Italy Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                  3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
                2. Rest of Europe Microfluidics Market
                  1. Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                    3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
  1. Asia Pacific Microfluidics Market
    1. Asia Pacific Microfluidics Market
      1. Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
      2. Japan Microfluidics Market
        1. Japan Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
        2. China Microfluidics Market
          1. China Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
          2. India Microfluidics Market
            1. India Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
            2. South Korea Microfluidics Market
              1. South Korea Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
              2. Australia Microfluidics Market
                1. Australia Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                  3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
                2. Rest of Asia Pacific Microfluidics Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                    3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
  1. Latin America Microfluidics Market
    1. Latin America Microfluidics Market
      1. Latin America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
      2. Brazil Microfluidics Market
        1. Brazil Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
        2. Mexico Microfluidics Market
          1. Mexico Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
          2. Argentina Microfluidics Market
            1. Argentina Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
            2. Rest of Latin America Microfluidics Market
              1. Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
  1. MEA Microfluidics Market
    1. MEA Microfluidics Market
      1. MEA Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
      2. GCC Microfluidics Market
        1. GCC Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
        2. South Africa Microfluidics Market
          1. South Africa Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
          2. Rest of MEA Microfluidics Market
            1. Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast byEnd User, 2021-2029 (USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2021 & 2029
    2. Competitive Mapping
    3. Key Players Market Place Analysis
    4. Major Recent Developments
  2. Company Profiles
    1. Danaher Corporation (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    2. Thermo Fisher Scientific (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    3. PerkinElmer, Inc. (US.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    4. Bio-Rad Laboratories, Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    5. Becton, Dickinson and Company (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    6. Hoffmann-La Roche (Switzerland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    7. Illumina, Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    8. Fluidigm Microfluidics (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    9. Abbott Laboratories (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    10. QIAGEN (Netherlands)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Application Benchmarking
      5. Recent Developments
    11. Parker-Hannifin Corporation (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    12. Company 12
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    16. Others Prominent Players

Conclusion & Recommendations

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