PUBLISHER: Orion Market Research | PRODUCT CODE: 1771325
PUBLISHER: Orion Market Research | PRODUCT CODE: 1771325
Microfluidics Market Size, Share & Trends Analysis By Component (Microfluidic Chips, Micro Pumps, Microneedles, Microfluidic Actuators, Microvalves, Microchannels, Microwells, And Others), By Material (Polymer, Silicon, Glass, Other Materials), By Application (Lab-On-A-Chip, Organs-On-Chips, Continuous Flow Microfluidics, Optofluidics, Acoustofluidics, Electrophoresis) And Forecast Period (2025-2035)
Industry Overview
Microfluidics market was valued at $24,590 million in 2024 and is projected to reach $67,685 million by 2035, with a growing CAGR of 9.7% during the forecast period (2025-2035). Microfluidics are tools that can process micro or nano volumes of fluids to control chemical, biological, and physical changes. In recent years, research in microfluidics devices has risen significantly. The surge of usage of ICs in electronic devices has given significant growth to the microfluidics market globally. In the diagnosis industry, paper-based microfluidics is emerging as an effective multiplexable point-of-care platform. It has its potential application in the quantitative analysis of veterinary medicine, environmental monitoring, and food safety. Thus, it generates huge opportunities for market growth in the future. The complex regulatory standards are the major restraining factor for the global microfluidic market.
Market Dynamics
Rising Demand for Point-of-Care (POC) Diagnostics
The demand for point-of-care (POC) diagnostics has surged significantly in recent years, driven by the need for rapid, accessible, and user-friendly healthcare solutions. Microfluidic POC equipment can rapidly detect diseases at a low cost. This technology can be used to detect diseases in underdeveloped areas to reduce the effects of disease and improve the quality of life in these areas. Moreover, the process of analysis can be completely automated, eliminating human interference, preventing pollution, and allowing for efficient repeating of experiments. This capability is particularly valuable in managing infectious diseases, chronic illnesses, and emergency conditions where timely diagnosis can drastically impact treatment outcomes.
Microfluidics and Smart Technologies
The integration of microfluidics and emerging smart technologies, such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), into wearable devices offers great potential for accurate and non-invasive monitoring and diagnosis. Microfluidics has been incorporated into wearable sensors, allowing medical experts to continuously acquire specific high-quality data from patients. Combining microfluidic wearable sensors with other wearable technologies, such as gyroscopes, accelerometers, and temperature sensors, real-time bodily fluids can be analyzed with continuous tracking. These integrated devices offer high throughput, high sensitivity, and low power consumption. Wearable sensors that attach to the skin surface can measure temperature, heart rate, blood sugar, and other vitals more accurately than other wearables, making them an attractive option for monitoring health. Microfluidics can also be used for on-site therapy and precise delivery of drugs or pharmaceuticals.
Market Segmentation
Based on material, the polymer segment holds the major share in the global microfluidics market. Polydimethylsiloxane (PDMS) is the most popularly used polymer in the market; however, it has hydrophobicity challenges associated with it that make it unfunctional in aqueous solutions. Novel PDMS is now introduced in the market as a solution to hydrophobicity problems. This material has ease of fabrication and is economically affordable which makes it popular. Glass is the second most popularly used material in the microfluidics market as it is an amorphous material. Additionally, it can work on elevated temperatures and organic solvents as well. For processing microfluidic devices made of glass photolithography and wet & dry etching methods are used.
Based on application, the lab-on-a-chip segment held a considerable share in the market as it provides high-speed detection of DNA and RNA amplifications which makes it useful in the molecular biology industry. The organs-on-chips segment is expected to grow fastest during the forecast period as it can mimic various biological processes including peristalsis, infection, and breathing. These types of chips are widely used for the discovery of medical drugs. Various international institutions including NCATS, FDA, and NIH are now focusing the drug trials on human tissue chips rather than animal models for the welfare of animals.
The global microfluidics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). The UK is the major contributor to the European microfluidics market. The increasing funding and advancement in technology are the major driving factors for the market in the region. For instance, MicrofluidX had received seed funding of $1.8 million from UKI2S, Longwall Ventures, and Cambridge Angels for the development of the microfluidic platform for gene and cell therapies economically.
North America held the major share of the global microfluidics market. The well-established healthcare system, increasing demand for PoC testing, growing academic & government investments in genomics & proteomics research, and the higher adoption of novel therapeutics among the general population are the major driving factors for the market growth in the region. The University of Illinois at Urbana-Champaign in 2020 had demonstrated a prototype of a rapid COVID-19 molecular test and an instrument to read results on mobile phones. North America is followed by Europe in terms of market share.
The major companies serving the global microfluidics market include Agilent Technologies, Inc., Danaher Corp., Bio-Rad Laboratories, Inc., Merck KGaA, Illumina, Inc., Thermo Fisher Scientific, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.
Recent Developments
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